Global Feed Pigment Market Size, Share, Trends, Industry Growth by Type (Carotenoids, Curcumin, Caramel, Spirulina, Others), by Source (Natural, Synthetic), by Livestock, by Region, and Forecast to 2027
Report ID: RCMA129 | Report Format: PDF + Excel | Starting Price: 2680/- USD |The global feed pigment market size is estimated to be around USD 1 billion in 2021 and expected to register a significant CAGR of over 3% during the forecast period 2022 to 2028. The increasing consumption of meat and meat products around the world is a primary factor to drive the market growth. According to the Food and Agriculture Organization (FAO), global meat production was estimated at 337.2 million tonnes in 2020. Furthermore, the rising awareness regarding livestock health and the health benefits associated with the carotenoids is further expected to fuel the market over the forecast period. Moreover, the increasing industrialization of pork, poultry, and aquaculture business is further expected to uplift the market growth in developing economies.
Market Segment Insights:
The carotenoids segment dominated the global feed pigment market in 20200
The global feed pigment market is bifurcated into type, source, livestock, and geography. On the basis of type, the market is segmented into carotenoids, curcumin, caramel, spirulina, and others. The carotenoids segment dominated the global market in 2020 and is expected to maintain its dominance over the forecast period. The health benefits associated with the product for livestock are a primary factor to drive the segment growth. The health benefits associated with carotenoids such as antibacterial, anti-inflammatory, anticancer, anti-diabetic, and immunomodulator are expected to increase its demand in feed pigments. On the flip side, the spirulina segment is expected to register the highest growth rate over the forecast period.
The poultry segment dominated the global feed pigment market owing to the growing consumption of poultry product
On the basis of livestock, the market is segmented into swine, poultry, ruminants, aquatic animals, and others. The poultry livestock segment dominated the global feed pigment market in 2020 and is expected to grow at the same trend over the forecast period. The increasing consumption of poultry products such as meat and eggs is one of the prominent factor to drive the segment growth. According to the FOA, the global poultry meat production was estimated at around 130 million tonnes in 2020. Furthermore, the increasing focus of meat producers on additives quality is further expected to fuel the segment growth over the forecast period.
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The feed pigment market research report presents the analysis of each segment from 2019 to 2028 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.
Historical & Forecast Period
- 2019-20 – Historical Year
- 2021 – Base Year
- 2022-2028 – Forecast Period
Global Feed Pigment Market Segmentation:
Feed Pigment Market Segmentation by Type:
- Carotenoids
- a-carotene
- Lutein
- Lycopene
- Astaxanthin
- Zeaxanthin
- Canthaxanthi
- Others
- Curcumin
- Caramel
- Spirulina
- Others
Feed Pigment Market Segmentation by Source:
- Natural
- Synthetic
Feed Pigment Market Segmentation by Livestock:
- Swine
- Poultry
- Ruminants
- Aquatic animals
- Others
Feed Pigment Market Segmentation by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Feed Pigment Market: Geographic Coverage
North America held the largest share of the feed pigment market in 2020
Geographically, North America dominated the global feed pigment market in 2020 and accounted to hold the largest revenue share of around one-third of the market. The growing demand for meat products coupled with the increasing production of feed pigments is a major factor to drive the market growth in the region. Furthermore, the rising awareness regarding healthy food due to the rising health concern in millennials is further expected to fuel the market growth in North America. On the other hand, the Asia Pacific is expected to register the fastest CAGR due to the growing population and the increasing disposable income per capita in the region.
Feed Pigment Market: Competitive Assessment
Some of the major market players operating in the global feed pigment market are BASF SE, Bio-Technology Co., Ltd., Cargill Incorporated, Behn Meyer Group, and D. Williamson & Co., Inc. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.
List of Key Companies:
- BASF SE
- Bio-Technology Co., Ltd.
- Cargill Incorporated
- Behn Meyer Group
- Williamson & Co., Inc.
- Innovad AD NV/SA
- Kemin Industries, Inc.
- Kalsec Inc.
- Nutreco Holdings
- Novus International, Inc.
Key Questions Answered by Feed Pigment Market Report
- Global feed pigment market forecasts from 2022-2028
- Regional market forecasts from 2022-2028 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
- Country-level forecasts from 2022-2028 covering 15 major countries from the regions as mentioned above
- Feed pigment submarket forecasts from 2022-2028 covering the market by type, by source, by livestock, and geography
- Various industry models such as SWOT analysis, Value Chain Analysis about the market
- Analysis of the key factors driving and restraining the growth of the global, regional, and country-level feed pigment markets from 2022-2028
- Competitive Landscape and market positioning of top 10 players operating in the market
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions
2. Executive Summary
2.1. Global Feed Pigment Market Portraiture
2.2. Global Feed Pigment Market, by Type, 2021 (USD Mn)
2.3. Global Feed Pigment Market, by Source, 2021 (USD Mn)
2.4. Global Feed Pigment Market, by Livestock, 2021 (USD Mn)
2.5. Global Feed Pigment Market, by Geography, 2021 (USD Mn)
3. Global Feed Pigment Market Analysis
3.1. Feed Pigment Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. COVID-19 Impact Analysis
4. Global Feed Pigment Market By Type, 2019 – 2028 (USD Mn)
4.1. Overview
4.2. Carotenoids
4.2.1. a-carotene
4.2.2. Lutein
4.2.3. Lycopene
4.2.4. Astaxanthin
4.2.5. Zeaxanthin
4.2.6. Canthaxanthi
4.2.7. Others
4.3. Curcumin
4.4. Caramel
4.5. Spirulina
4.6. Others
5. Global Feed Pigment Market By Source, 2019 – 2028 (USD Mn)
5.1. Overview
5.2. Natural
5.3. Synthetic
6. Global Feed Pigment Market By Livestock, 2019 – 2028 (USD Mn)
6.1. Overview
6.2. Swine
6.3. Poultry
6.4. Ruminants
6.5. Aquatic animals
6.6. Others
7. North America Feed Pigment Market Analysis and Forecast, 2019 – 2028 (USD Mn)
7.1.1. Overview
7.1.2. North America Feed Pigment Market by Type (2019-2028 USD Mn)
7.1.3. North America Feed Pigment Market by Source (2019-2028 USD Mn)
7.1.4. North America Feed Pigment Market by Livestock (2019-2028 USD Mn)
7.1.5. North America Feed Pigment Market by Country (2019-2028 USD Mn)
7.1.5.1. U.S.
7.1.5.1.1. U.S. Feed Pigment Market by Type (2019-2028 USD Mn)
7.1.5.1.2. U.S. Feed Pigment Market by Source (2019-2028 USD Mn)
7.1.5.1.3. U.S. Feed Pigment Market by Livestock (2019-2028 USD Mn)
7.1.5.2. Canada
7.1.5.2.1. Canada Feed Pigment Market by Type (2019-2028 USD Mn)
7.1.5.2.2. Canada Feed Pigment Market by Source (2019-2028 USD Mn)
7.1.5.2.3. Canada Feed Pigment Market by Livestock (2019-2028 USD Mn)
8. Europe Feed Pigment Market Analysis and Forecast, 2019 – 2028 (USD Mn)
8.1.1. Overview
8.1.2. Europe Feed Pigment Market by Type (2019-2028 USD Mn)
8.1.3. Europe Feed Pigment Market by Source (2019-2028 USD Mn)
8.1.4. Europe Feed Pigment Market by Livestock (2019-2028 USD Mn)
8.1.5. Europe Feed Pigment Market by Country (2019-2028 USD Mn)
8.1.5.1. Germany
8.1.5.1.1. Germany Feed Pigment Market by Type (2019-2028 USD Mn)
8.1.5.1.2. Germany Feed Pigment Market by Source (2019-2028 USD Mn)
8.1.5.1.3. Germany Feed Pigment Market by Livestock (2019-2028 USD Mn)
8.1.5.2. U.K.
8.1.5.2.1. U.K. Feed Pigment Market by Type (2019-2028 USD Mn)
8.1.5.2.2. U.K. Feed Pigment Market by Source (2019-2028 USD Mn)
8.1.5.2.3. U.K. Feed Pigment Market by Livestock (2019-2028 USD Mn)
8.1.5.3. France
8.1.5.3.1. France Feed Pigment Market by Type (2019-2028 USD Mn)
8.1.5.3.2. France Feed Pigment Market by Source (2019-2028 USD Mn)
8.1.5.3.3. France Feed Pigment Market by Livestock (2019-2028 USD Mn)
8.1.5.4. Italy
8.1.5.4.1. Italy Feed Pigment Market by Type (2019-2028 USD Mn)
8.1.5.4.2. Italy Feed Pigment Market by Source (2019-2028 USD Mn)
8.1.5.4.3. Italy Feed Pigment Market by Livestock (2019-2028 USD Mn)
8.1.5.5. Rest of Europe
8.1.5.5.1. Rest of Europe Feed Pigment Market by Type (2019-2028 USD Mn)
8.1.5.5.2. Rest of Europe Feed Pigment Market by Source (2019-2028 USD Mn)
8.1.5.5.3. Rest of Europe Feed Pigment Market by Livestock (2019-2028 USD Mn)
9. Asia Pacific Feed Pigment Market Analysis and Forecast, 2019 – 2028 (USD Mn)
9.1.1. Overview
9.1.2. Asia Pacific Feed Pigment Market by Type (2019-2028 USD Mn)
9.1.3. Asia Pacific Feed Pigment Market by Source (2019-2028 USD Mn)
9.1.4. Asia Pacific Feed Pigment Market by Livestock (2019-2028 USD Mn)
9.1.5. Asia Pacific Feed Pigment Market by Country (2019-2028 USD Mn)
9.1.5.1. China
9.1.5.1.1. China Feed Pigment Market by Type (2019-2028 USD Mn)
9.1.5.1.2. China Feed Pigment Market by Source (2019-2028 USD Mn)
9.1.5.1.3. China Feed Pigment Market by Livestock (2019-2028 USD Mn)
9.1.5.2. Japan
9.1.5.2.1. Japan Feed Pigment Market by Type (2019-2028 USD Mn)
9.1.5.2.2. Japan Feed Pigment Market by Source (2019-2028 USD Mn)
9.1.5.2.3. Japan Feed Pigment Market by Livestock (2019-2028 USD Mn)
9.1.5.3. Rest of Asia Pacific
9.1.5.3.1. Rest of Asia Pacific Feed Pigment Market by Type (2019-2028 USD Mn)
9.1.5.3.2. Rest of Asia Pacific Feed Pigment Market by Source (2019-2028 USD Mn)
9.1.5.3.3. Rest of Asia Pacific Feed Pigment Market by Livestock (2019-2028 USD Mn)
10. Latin America (LATAM) Feed Pigment Market Analysis and Forecast, 2019 – 2028 (USD Mn)
10.1.1. Overview
10.1.2. Latin America Feed Pigment Market by Type (2019-2028 USD Mn)
10.1.3. Latin America Feed Pigment Market by Source (2019-2028 USD Mn)
10.1.4. Latin America Feed Pigment Market by Livestock (2019-2028 USD Mn)
10.1.5. Latin America Feed Pigment Market by Country (2019-2028 USD Mn)
10.1.5.1. Brazil
10.1.5.1.1. Brazil Feed Pigment Market by Type (2019-2028 USD Mn)
10.1.5.1.2. Brazil Feed Pigment Market by Source (2019-2028 USD Mn)
10.1.5.1.3. Brazil Feed Pigment Market by Livestock (2019-2028 USD Mn)
10.1.5.2. Mexico
10.1.5.2.1. Mexico Feed Pigment Market by Type (2019-2028 USD Mn)
10.1.5.2.2. Mexico Feed Pigment Market by Source (2019-2028 USD Mn)
10.1.5.2.3. Mexico Feed Pigment Market by Livestock (2019-2028 USD Mn)
10.1.5.3. Rest of Latin America
10.1.5.3.1. Rest of Latin America Feed Pigment Market by Type (2019-2028 USD Mn)
10.1.5.3.2. Rest of Latin America Feed Pigment Market by Source (2019-2028 USD Mn)
10.1.5.3.3. Rest of Latin America Feed Pigment Market by Livestock (2019-2028 USD Mn)
11. Middle East and Africa Feed Pigment Market Analysis and Forecast, 2019 – 2028 (USD Mn)
11.1.1. Overview
11.1.2. MEA Feed Pigment Market by Type (2019-2028 USD Mn)
11.1.3. MEA Feed Pigment Market by Source (2019-2028 USD Mn)
11.1.4. MEA Feed Pigment Market by Livestock (2019-2028 USD Mn)
11.1.5. Middle East and Africa Feed Pigment Market, by Country (2019-2028 USD Mn)
11.1.5.1. GCC
11.1.5.1.1. GCC Feed Pigment Market by Type (2019-2028 USD Mn)
11.1.5.1.2. GCC Feed Pigment Market by Source (2019-2028 USD Mn)
11.1.5.1.3. GCC Feed Pigment Market by Livestock (2019-2028 USD Mn)
11.1.5.2. South Africa
11.1.5.2.1. South Africa Feed Pigment Market by Type (2019-2028 USD Mn)
11.1.5.2.2. South Africa Feed Pigment Market by Source (2019-2028 USD Mn)
11.1.5.2.3. South Africa Feed Pigment Market by Livestock (2019-2028 USD Mn)
11.1.5.3. Rest of MEA
11.1.5.3.1. Rest of MEA Feed Pigment Market by Type (2019-2028 USD Mn)
11.1.5.3.2. Rest of MEA Feed Pigment Market by Source (2019-2028 USD Mn)
11.1.5.3.3. Rest of MEA Feed Pigment Market by Livestock (2019-2028 USD Mn)
12. Company Profiles
12.1. BASF SE
12.1.1. Business Description
12.1.2. Financial Health and Budget Allocation
12.1.3. Product Positions/Portfolio
12.1.4. Recent Development
12.1.5. SWOT Analysis
12.2. Bio-Technology Co., Ltd.
12.2.1. Business Description
12.2.2. Financial Health and Budget Allocation
12.2.3. Product Positions/Portfolio
12.2.4. Recent Development
12.2.5. SWOT Analysis
12.3. Cargill Incorporated
12.3.1. Business Description
12.3.2. Financial Health and Budget Allocation
12.3.3. Product Positions/Portfolio
12.3.4. Recent Development
12.3.5. SWOT Analysis
12.4. Behn Meyer Group
12.4.1. Business Description
12.4.2. Financial Health and Budget Allocation
12.4.3. Product Positions/Portfolio
12.4.4. Recent Development
12.4.5. SWOT Analysis
12.5. D. Williamson & Co., Inc.
12.5.1. Business Description
12.5.2. Financial Health and Budget Allocation
12.5.3. Product Positions/Portfolio
12.5.4. Recent Development
12.5.5. SWOT Analysis
12.6. Innovad AD NV/SA
12.6.1. Business Description
12.6.2. Financial Health and Budget Allocation
12.6.3. Product Positions/Portfolio
12.6.4. Recent Development
12.6.5. SWOT Analysis
12.7. Kemin Industries, Inc.
12.7.1. Business Description
12.7.2. Financial Health and Budget Allocation
12.7.3. Product Positions/Portfolio
12.7.4. Recent Development
12.7.5. SWOT Analysis
12.8. Kalsec Inc.
12.8.1. Business Description
12.8.2. Financial Health and Budget Allocation
12.8.3. Product Positions/Portfolio
12.8.4. Recent Development
12.8.5. SWOT Analysis
12.9. Nutreco Holdings
12.9.1. Business Description
12.9.2. Financial Health and Budget Allocation
12.9.3. Product Positions/Portfolio
12.9.4. Recent Development
12.9.5. SWOT Analysis
12.10. Novus International, Inc.
12.10.1. Business Description
12.10.2. Financial Health and Budget Allocation
12.10.3. Product Positions/Portfolio
12.10.4. Recent Development
12.10.5. SWOT Analysis
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