Feed Pigment Market to Be Segmented by Increasing Demand from Food and Beverage Industry Through 2028
Rising meat consumption and
awareness about food security is expected to drive the Feed Pigment Market in
the forecast period 2024-2028.
According to TechSci Research report, “Feed Pigment Market - Global
Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028”, Global
Feed Pigment Market is anticipated to upsurge at an impressive rate in the
forecast period 2024-2028. Over the projected period, rising demand from food
supplements industries for producing products such as Vitamin D3, Ground
Organs, Protein Powder, Collagen hydrolysate, Vitamin K2, and Omega 3
is rising the Global Feed Pigment Market. The top leading companies are
investing more in research and development to support feed pigments, which will
enhance their general quality and enable the production of high yields for
consumers and end-user industries like food and beverage, textile, pharmaceuticals,
cosmetics and personal care, and others. The market is being boosted by
the expansion of the food and beverage industries and the popularity of
protein-based meals. With the rapid gentrification, majority of the population
is shifting towards healthy diet with low carbohydrate and high protein
inculcating with other essential nutrients, thus augmenting the growth of
Global Feed-Pigment Market. According to National Library of Medicine,
more than 850 naturally occurring species of carotenoids had been reported up
until 2018.
However, increasing various
government regulatory and high cost of raw material may slow down the market
growth. In addition, low awareness about the advantages of Feed Pigments will
further hamper the growth of the market.
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TOC on the "Feed Pigment Market.”
Global Feed Pigment Market is segmented based on type, carotenoids source,
livestock, and region.
Based on type, the market is categorized as Carotenoids, Curcumin, Caramel,
Spirulina, and others. Carotenoids is expected to hold the
largest market share in the forecast period, 2024-2028. This is due to its
property to improve overall immune system by stimulating white blood cells.
Based on carotenoids source, the market is
categorized as Natural Feed Pigment and Synthetic Feed Pigment. The Natural
Feed Pigment segment is expected to hold the
largest market share in the forecast period, 2024-2028. This is due to their
minimal side effects and sustainability.
Based on, Livestock, the market is categorized as
swine, poultry, ruminants, aquatic animals, and others. The Poultry segment is expected to hold the largest market share in the
forecast period, 2024-2028. This is due to the increasing consumption of meat
and eggs and their high fiber content and low cost.
Major companies operating in the global Feed Pigment Market are:
- BASF SE
- Novus
International, Inc.
- Bio-Technology
Co., Ltd.
- Cargill
Incorporated
- Guangzhou
Leader Bio-Technology Co., Ltd.
- D.
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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“North America is expected to grow at the highest rate during the forecast
period due to the high demand for meat and increasing government support
regarding enhancement of nutritional value in food. Additionally, increasing
demands from food industries and awareness regarding food-safety, inclination
of younger population towards healthy diet, rich in protein and other
nutrients, acquisition of environment friendly approaches is expected to create
lucrative opportunities for the market growth. Furthermore, increasing research
and development and
incorporation of appropriate innovations and technology create huge prospects of market growth during the forecast
period,” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based global management consulting firm.
Feed Pigment Market - Global
Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type
(Carotenoids, Curcumin, Caramel, Spirulina, and others), By Carotenoids Source (Natural Feed Pigment and Synthetic Feed
Pigment), By Livestock (swine, poultry, ruminants, aquatic animals
and Others), By Region and Competition, has evaluated the
future growth potential of Global Feed Pigment Market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide cutting-edge market intelligence and help
decision-makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the Feed Pigment Market.”
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