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Feed Pigments Market Size

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

Feed Pigments Market Size

Feed Pigments Market size was valued at USD 1.3 billion in 2022 and is estimated to witness 6.3% CAGR from 2023 to 2032. Consumers often associate the color of animal products with freshness, quality, and nutritional value. Pigments are used to enhance the natural color of meat, poultry, eggs, and fish, making them more appealing to consumers. Certain pigments, such as carotenoids, have antioxidant properties that contribute to the health and well-being of animals. They can support immune function, skin health, and overall vitality.

 

Pigments like carotenoids play a role in enhancing animal performance. For example, in poultry farming, carotenoid-rich diets can lead to improved egg yolk color and stronger eggshells.

 

The use of certain synthetic pigments in animal feed can be subject to strict regulations and guidelines set by government authorities. Incorporating pigments into animal feed formulations can be challenging, as the stability and bioavailability of the pigments need to be carefully managed to ensure consistent results. Fluctuations in commodity prices, such as those of raw materials used to produce natural pigments. Thus, the risks associated with feed pigments may drive down the acceptance rate, further hampering the feed pigments market growth.

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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