Feed Pigments Market – Overview

The need to ensure the optimal health of livestock is promoting the development of the feed pigment market. Reports that appraise the agriculture industry have been presented by Market Research Future, which creates reports on industry verticals that assess the market development and prospects. The market is projected to attain an increased CAGR in the course of the forecast period.

The increased incidence of livestock diseases is expected to stimulate the feed pigment market in the upcoming period. The rising demand for livestock is a major motivating factor for the Feed Pigments application industry in the forecast period. The escalated demand for the manufacture of ruminants, poultry, and other livestock for consumption is expected to enhance the demand for the feed pigments in the market.

Segmental Analysis

The segmentation of the feed pigments market is carried out on the basis of type, source, livestock, and region. Based on the type, the feed pigment market is segmented into curcumin, carotenoids, spirulina, and others. Among the segments, the carotenoids segment is estimated to control the market trailed by the spirulina segment. Furthermore, the curcumin segment is observed to have considerable growth in the forecast period. Based on the source, the feed pigments market is segmented into synthetic feed pigments and natural feed pigments. The natural feed pigments are expected to have likely growth in the forecast period. On the basis of livestock, the feed pigments market is segmented into ruminants, poultry, swine, and others. Among all the segments, the poultry segment is governing the market based on the increased consumption of poultry and meat products globally. However, the ruminants segment is observed to gain reasonable growth over the estimated period. On the basis of region, the feed pigment market comprises of Europe, North America, Asia Pacific, and rest of the world.

Key Players

The principal contenders in the feed pigments market are Royal DSM N.V. (The Netherlands), Kalsec Inc. (U.S.), Nutrex NV (Belgium), BASF SE (Germany), Kemin Industries Inc. (U.S.), Behn Meyer Group (Singapore), Novus International, Inc. (U.S.) and Synthite Industries Ltd (India).

Detailed Regional Analysis    

The regional assessment of the feed pigments market comprises of North America, Europe, Asia Pacific, and rest of the world. The Asia Pacific region is heading the feed pigments market trailed by the North American region. In the Asia Pacific region, China is the chief contributor in the poultry products segment, which, in turn, increases the market development in this region. Besides, the increasing consumption of poultry and meat products and a rapidly growing population in emerging countries of the Asia Pacific region is giving a push to the progress of the feed pigments market. Furthermore, intensifying demand for poultry products in nations like Mexico, the U.S., and Canada in the North American region is expected to lift the feed pigments market throughout the forecast period. Also, the key players are actively participating in the research development of the product compliant to North American regulations for feed pigments.

Competitive Analysis

The economies around the world are responding to the market forces by applying advantageous policies and cutbacks so as avert a slowdown in the advancement of the market. The variations in the income levels globally are backing the growth of the market substantially. The upsurge in personal discretionary spending is projected to lead to the development of the market. The improvement of the distribution channels in the market is anticipated to stimulate market growth considerably. The beneficial nature of the monetary and fiscal policies is expected to tip towards strong growth in the market. Moreover, the escalation in international transactions is estimated to reinforce the development of the market noticeably. The optimistic effect exerted by governments in the progress of the market is anticipated to direct the market towards robust development in the approaching years. The volatility perceived in the forces that are supporting the growth of the market is expected to lead to a rather slow pace of growth.

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