Global Feed Pigments Market Statistics, Development and Growth 2017 to 2023
Summary – A New Market Study, “Feed
Pigments Market Market, 2012 to 2023” Has Been Featured On Wiseguyreports.
Market
Outline: Global Feed Pigments Market
Feed pigments
are added to animal feed to enhance the palatability, colour, form, and
increase the commercial values of meat derivatives. Feed pigments also act as
anti-oxidants and make the animal healthy by curing various diseases. Feed
pigments are classified into natural feed pigments and synthetic feed pigments.
The most commonly used feed pigments include carotenoids, caramel, spirulina,
and curcumin.
Market
Dynamics: Global Feed Pigments Market
Increase in
the demand for healthy & quality meat, a rise in awareness about nutritive
food in consumers, upsurge in the disposable income, and rapid
industrialization in poultry and pork meat production market are anticipated to
fuel the growth of feed pigments market over the forecast period. Moreover,
rise in inclination towards strong and healthier livestock for better
production, increase in awareness about the feed pigments, and growing
prevalence of various animal diseases are expected to boost the feed pigments
market over the forecast period. However, the high manufacturing cost for the
synthetic feed pigments and stringent regulatory guidelines might restrain the
growth of Global feed pigments market over the forecast timeframe.
Market Scope:
Global Feed Pigments Market
It is
segmented on the basis of pigment type, source, and livestock
Based on the
pigment type, It is segmented into the following:
Carotenoids
Lycopene
Lutein
Zeaxanthin
Astaxanthin
Beta-carotene
Caramel
Curcumin
Spirulina
Others
Based on the
source, It is segmented into the following:
Natural feed
pigments
Synthetic
feed pigments
Based on the
livestock, It is segmented into the following:
Poultry
Swine
Ruminants
Aquatic
animals
Equine
Others
Market
Summary: Global Feed Pigments Market
It is growing
at a significant CAGR due to increase in the use of feed in the livestock
industry. Majority of market players are focusing on the synthesis of newer
feed pigments with novel technologies. Increase in the use of feed pigments by
meat production industries for improving the organoleptic properties and health
benefits are anticipated to fuel the feed pigment market. Moreover,
acquisitions and mergers collaborations, product approvals, and product
launchings are the strategies followed by the companies for increasing their
revenue in feed pigments market. For instance, in October 2011, Kalsec Inc.
inked an agreement with OmniActive Health Technologies for the production,
marketing, and distribution of natural zeaxanthin around the globe. In
addition, rapid industrialization of poultry and pork meat production expected
to upsurge in the revenue of feed pigments market over the forecast timeframe.
Regional
Analysis: Global Feed Pigments Market
Geographically,It
is segmented into North America, Europe, Asia Pacific, Latin America, and the
Middle East and Africa. North America feed pigments market holds a significant
share in global feed pigment market owing to increase in the synthesis of newer
feed pigments, high awareness about the animal health and feed pigments usage,
and growing demand for healthy meat are anticipated to fuel the feed pigments
market. Europe feed pigments market driven by the increase in the farming of
aquatic animals majorly in Norway, Denmark, and Ireland, rise in the demand for
healthy meat, raising awareness about the feed pigments benefits, and high
disposable income are expected to create the demand for feed pigments in the
region. Asia Pacific feed pigments market exhibiting significant growth, owing
to rise in population demanding for healthy meat, increase in the number of
meat production industries, and increase in disposable income are the factors
drive the feed pigments market in the region. Latin America feed pigments
market driven by the increase in the farming of aquatic animals in the region.
Market
Participants: Global Feed Pigments Market
Some of the
players in Global feed pigments market are D.D. Williamson & Co., Inc.
(DDW) (U.S.), BASF SE (Germany), Kemin Industries, Inc. (U.S.), Royal DSM N. V.
(Netherlands), Novus International, Inc.(U.S.), Synthite Industries Ltd
(India), Nutrex NV (Belgium), Guangzhou Leader Bio-Technology Co., Ltd (China)
to name a few.
Notable
Market Developments: Feed Pigments Market
In July 2017,
Parry Neutraceuticals inked an agreement with Synthite industries for the
extraction of Phycocyanin, a natural blue feed pigment found in the spirulina.
For More Details : https://www.wiseguyreports.com/reports/2753924-feed-pigments-market-market-2012-to-2023
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