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Feed Pigments Market Analysis

  • Report ID: GMI2588
  • Published Date: Aug 2023
  • Report Format: PDF

Feed Pigments Market Analysis

The feed pigments market from carotenoids segment dominated around USD 0.4 billion revenue in 2022. Carotenoids, such as beta-carotene and astaxanthin, are well-known for their role in enhancing the color of animal products, including egg yolks, poultry skin, and fish flesh.

 

Global Feed Pigments Market Revenue Share, By Source,

The folding board box segment accounted for 60% of the feed pigment market share in 2022. Consumer demand for natural and clean label products drives the use of pigments sourced from fruits, vegetables, and plants. Pigments from natural plant sources are often associated with health benefits due to their presence in nutrient-rich foods.

 

The feed pigments market from swine livestock segment is anticipated to grow at 6.1% CAGR through 2032. The use of pigments in swine diets is mainly for enhancing the color of pork products, such as pork skin and fat. These visual attributes impact consumer perception and purchasing decisions.

 

Based on application the Egg Yolk Coloration application will gain remarkable momentum during the forecast timeline. Achieving uniform and vibrant egg yolk color is a primary driver for using pigments, especially carotenoids, in poultry feed.

 

U.S. Feed Pigments Market Size,

U.S. feed pigments market size held over USD 0.28 billion in 2022. North American consumers associate vibrant colors in animal products with freshness, quality, and nutritional value, driving the demand for feed pigments to enhance the color of meat, eggs, and other animal-derived products.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size reached USD 1.3 billion in 2022 and is set to surpass USD 2.4 billion by 2023, due to the rising number of consumers seeking natural and organic products worldwide.

The carotenoids segment recorded USD 0.4 billion in 2022, on account of its strong role in enhancing the color of animal products.

U.S. market size valued at USD 0.28 billion in revenue in 2022, owing to rising number of consumers preferring vibrant colors in animal products with freshness, quality, and nutritional value.

BASF SE, Royal DSM N.V., Chr. Hansen Holding A/S, Kemin Industries, Inc., Guangzhou Leader Bio-Technology Co., Ltd., Behn Meyer Holding AG, Nutrex NV, D.D. Williamson & Co. Inc. (DDW), Novus International, Inc. are some of the major feed pigment companies worldwide.

Feed Pigments Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 245
  • Countries covered: 22
  • Pages: 200
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