Feed Pigment Market projected to Reach $1,118.12 Million by 2030

The global feed pigment market size is expected to reach USD 1,118.12 million by 2030 according to a new study by Polaris Market Research. The report “Feed Pigment Market Share, Size, Trends, Industry Analysis Report, By Type; By Carotenoids Source (Natural, Synthetic), By Livestock (Swine, Poultry, Ruminants, Aquatic animals, Others {equines, sheep, birds}); By Region; Segment Forecast, 2022 – 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

“According to the research report published by Polaris Market Research, The global feed pigment market was valued at USD 887.52 million in 2021 and is expected to grow at a CAGR of 2.6% during the forecast period.

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The growing need for nutritious meat and increasing awareness among individuals for healthy food consumption is the major driving factor for the industry’s growth. Additionally, increasing responsiveness for the poultry and aquaculture business is propelling the industry demand.

The poultry livestock segment is dominating the global industry with the highest revenue shares. Factors such as the growing consumption of poultry products raise the focus of the meat producers to feed high-quality additives to the birds is chiefly attributed to the segment growth. In contrast, the ruminants segment is exhibiting a considerable growth rate in the forecasting period due to the rising demand for dairy products, which stimulates the segment growth.

Top Market Players

  • Behn Meyer Group
  • BASF SE
  • Novus International Inc.
  • Bio-Technology Co. Ltd.
  • Cargill Incorporated
  • Guangzhou Leader Bio-Technology Co.Ltd.
  • Williamson & Co. Inc.
  • Innovad AD NV/SA
  • Kalsec Inc.
  • Kemin Industries Inc.
  • Nutreco Holdings
  • Nutrex NV
  • Royal DSM NV
  • PHW Group
  • Vitafor NV

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Several leading players in the market are frequently taking strategic actions such as mergers & acquisitions, a product launch for gaining significant prominence across the globe. For instance, in June 2021, Clariant- a specialty chemical company, sold its pigment business to a consortium led by SK Capital Partners and Heubach group. Similarly, in February 2021, EW Nutrition acquired Novus International’s Feed quality and pigment business.

Polaris Market Research has segmented the feed pigment market report on the basis of type, carotenoids source, livestock, and region:

Feed Pigment, Type Outlook (Revenue – USD Million, 2018 – 2030)

  • Carotenoids
    • a-carotene
    • Lutein
    • Lycopene
    • Astaxanthin
    • Zeaxanthin
    • Canthaxanthin
    • Others
  • Curcumin
  • Caramel
  • Spirulina
  • Others

Feed Pigment, Carotenoids Source Outlook (Revenue – USD Million, 2018 – 2030)

  • Natural
  • Synthetic

Feed Pigment, Livestock Outlook (Revenue – USD Million, 2018 – 2030)

  • Swine
  • Poultry
  • Ruminants
  • Aquatic animals
  • Others

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