Feed Pigment Market

2020 Analysis and Review Feed Pigment Market by Livestock - Swine, Ruminants, Poultry and Aquatic Animals for 2019 - 2029

  • 2020-04-08
  • REP-GB-11238
  • 128 Tables
  • 112 Figures
  • 200 pages
  • PDF PPT EXCEL
Feed Pigment Market
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Global Feed Pigment Market Forecast to Reach US$ 1.5 Bn by 2019

The global feed pigment market is projected to reach US$ 1.5 Bn by the end of 2029. The market was valued at US$ 1.1 Bn in 2019. If these figures hold true, the market will exhibit a CAGR of 3.10% between 2019 and 2029. North America dominates the global feed pigments market followed by Europe and Japan owing to the presence of research and development facilities, high awareness about benefits of feed additives in livestock nutrition, and high acceptance of feed pigments among farmers.

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Feed Pigment Market - Key Research Findings

  • The feed pigment market value reached US$ 1.5 Bn in 2019, and the number is set to grow by 3% CAGR over the forecast period (2019-2029).
    • The market revenue, however, may face a slight downturn in 2020 due to the impact of COVID-19.
  • Carotenoids remain the bestselling category, owing to their efficient colouring properties along with fertility enhancing and health boosting roles.
    • Astaxanthin is expected to gain significant traction in years to come.
  • Asia Pacific and North America remain at the forefront of the global feed pigment market.
    • Increasing livestock production and meat consumption in these regions are primarily driving the market growth.
  • China’s dominant role in the global supply chain is presenting numerous challenges with the outbreak of COVID-19, which in turn may have a negative impact on the market.
  • Growing inclination towards healthier livestock along with rising consumer awareness about the quality of meat is compelling manufacturers to revisit their product development strategies.
  • High price point of synthetic pigments, manufacturing cost, and availability of seasonal feed pigments such as marigold are posing as potential threats for the market growth.

Key Factors Shaping Feed Pigment Market

Strong Growth of Aquaculture, Poultry, and Meat Industry

Despite the rise of vegan culture and increased demand for plant-based meat alternatives, the global aquaculture, poultry, and meat industry shows no sign of slowing down, which continues to fuel growth of the feed pigment market. The impact of changing lifestyles, growing health consciousness, and rising importance of nutritive livestock feed is also noticeable in the feed pigment industry, thereby compelling manufacturers to increase their investment in product innovations. Furthermore, rapid expansion of meat industry in both developed and developing economies will continue to a key growth lever of the market.

Wide Availability of Cheaper Alternatives

Relatively high cost of synthetic feed pigment has been influencing livestock farmers to adopt cheaper alternatives which are creating a hindrance in the market growth. To that end, an embrace of R&D has been underway to develop low-cost feed pigment with superior properties. Manufacturers are further focusing on improving the nutritional value of their product to help boost the immune system of livestock and prevent risk of common diseases such as mad cow disease among cattle.

Challenges in Raw Material Procurement During COVID-19 Pandemic

In recent times, the outbreak of COVID-19 has taken a toll on numerous industries and the feed pigment market is no exception. Nationwide lockdowns, factory closures, supply chain disruptions, and logistical delays are presenting a wide range of challenges for manufacturers. While animal feed continues to witness a steady demand to maintain the well-being of livestock animals, relatively low availability or shortages of raw materials is expected to disrupt business continuity of the market players during the pandemic.

Feed Pigment Market Structure Analysis

  • The feed pigment market is characterized by top players with high profile strength and geographical reach.
  • The leading players are strategically focusing on strengthening their R&D proficiencies by capitalizing on advanced technology to offer diversified product portfolio with increased nutritive benefits.
  • Penetration in low- and mid-income countries with affordable offerings remain a key focus area of manufacturers

Report Metric

Details

Base year considered

2019

Actual estimates/Historical data

2014 - 2018

Forecast period

2019 - 2029

Market Value in 2019

US$ 1.5 Bn

Segments covered

Product, Source, Livestock

Regions covered

North America, Western Europe, Eastern Europe, APEJ, Japan, Latin America, and the Middle East & Africa

Key Players

BASF SE, Royal DSM NV, Kemin Industries, Inc., Novus International, Inc., Guangzhou Leader Bio-Technology Co., Ltd., D.D. Williamson & Co., Inc. (DDW), Nutrex NV, Behn Meyer Group, Vitafor NV, and Innovad AD NV/SA

Growth Drivers

  • Increased meat consumption across the globe
  • High demand for immune-boosting animal feed ingredients

Growth Restraints

  • Wide availability of cheaper alternatives
  • Challenges in raw material sourcing during the pandemic

COVID-19 Impact Analysis

For livestock feed pigments are used to enhance the color of the products derived from animals like eggs, milk and meat. The key driving factor for the feed pigments market is rising meat consumption. Increasing demand for solid, nutritious meat and increased knowledge among individuals about safe food consumption are major factors expected to drive global market over the forecast period.

Furthermore, rising awareness about aquaculture and poultry industry is another important factor expected to drive the market. However, experts foresee potential disruptions following the coronavirus outbreak. Supply chain disruptions caused due to lockdown enforced may hinder operations of companies operating in the market. Procuring raw materials will get difficult. Furthermore, the fear of spread of the virus is keeping their employees and labours to home.

The market will however gain pace, once lockdowns enforced across nations are rolled over.

North America to Offer Economic Expansion

North America's market dominates the global market followed by Europe in terms of revenue over the projected period, owing to high research and development activities, increased knowledge of livestock nutrition benefits, and acceptance of feed pigments among farmers in different countries in this region. The Asia Pacific market is projected to have the highest revenue growth due to growing preference among individuals for safe and nutritious feeds, rising aquaculture and poultry businesses, and rising meat product consumption in countries in this region.

* This data is only a representation. Actual data may vary and will be available in report.

North America to Offer Economic Expansion
North America to Offer Economic Expansion
North America to Offer Economic Expansion
North America to Offer Economic Expansion
  • 2014
  • 2019
  • 2022
  • 2029
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Health Benefits of Carotenoids for Animals Drives the Market

In general, feed pigments are used to improve animal feed appearance and nutritional value. Carotenoids play the most important role of all the feed pigments, and therefore dominate the feed pigments market. Animals cannot synthesize carotenoids and rely on those compounds on their diet. Carotenoids have very high nutritional benefits and stimulate white blood cell development which helps to determine the overall immune status. They are considered to act as antioxidants that can cure allergies, skin diseases, immune disorders, eye disorders and any cardiovascular diseases in animals to some degree. There is an increasing awareness in the animal feed industry with regard to the health benefits of carotenoids for animals, thus driving the feed pigments market.

Carotenoids segment held the leading market share

Astaxanthin segment forecast to higher rate of growth

Swine segment held lion’s share in the market

Poultry segment to remain the second-lead

How Growth will Unfold

The key factors driving the growth of the feed pigment market are growing demand for high meat production, rising customer health perception of safe food consumption, growing urbanization and rising disposable income. In addition, increasing tendency toward healthier livestock with rising meat industry growth is alleged to drive the growth of the demand for feed pigments.

Additionally, feed pigments improve palatability, nutritional benefits from organoleptic advances, and also have other health benefits. Over the forecast period, the global market revenue for feed pigments is projected to rise at a rapid growth rate. The market is expected to perform well in the near future because feed pigments have improved the palatability of meat products & feeds, an important pigmenter and food industry expansion. In addition, accepting astaxanthin feed pigment among feed manufacturers, feed pigments serve as hormone precursors and antioxidant dyes to prevent various animal diseases and improve animal health are some of the main factors expected to drive revenue growth in the global feed pigment markets.

However, the market will take a hit due to the COVID-19 outbreak in 2020. As COVID-19 further spreads, global markets, especially North America and Europe, will face demand-side issues. People may postpone purchase decisions due to economic uncertainty and to avoid social distancing. The current forecast assumes that, by the end of the second quarter, the outbreak in all global markets will result in a return to normal economic activity and freedom of movement in the second half of the year.

Feed Pigment Market: Competition Dashboard

* This data is only a representation. Actual data may vary and will be available in report.

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Overview

Feed Pigment Market: Global Industry Analysis 2015-2019& Opportunity Assessment 2020-2030

A recent market study published by Future Market Insights on the Feed Pigment Market offers global industry analysis for 2015-2019& opportunity assessment for 2020-2030. The study offers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical, as well as current growth parameters of the Feed Pigment Market, the growth prospects of the market are obtained with maximum precision.

Feed Pigment Market Taxonomy

The global Feed Pigment Market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

Product Type

  • Carotenoids
    • â-carotene
    • Lutein
    • Lycopene
    • Astaxanthin
    • Zeaxanthin
    • Canthaxanthin
    • Others 
  • Curcumin
  • Caramel
  • Spirulina
  • Others

Source

  • Natural
  • Synthetic

Livestock

  • Swine
  • Poultry
  • Ruminants
  • Aquatic animals
  • Others

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

What's Included

The executive summary of the Feed Pigment Market includes the market proprietary wheel of fortune, demand-side and supply-side trends, opportunity assessment, and recommendations on the global Feed Pigment Market.

Readers can find the detailed segmentation and definition of the Feed Pigment Market in this chapter, which will help them understand basic information about the Feed Pigment Market. This section also highlights the inclusions and exclusions, which help the reader understand the scope of the Feed Pigment Market report.

The associated industry assessment of the Feed Pigment Market is carried out in this section. The macroeconomic factors affecting growth of the Feed Pigment Market are provided in this section and the impact of these macroeconomic indicators on the Feed Pigment Market is analyzed. The processing overview and technological advancements in the Feed Pigment Market is also provided.

Profit margins at each level of the Feed Pigment Market are analyzed and readers can find detailed information on top importers and exporters as well as the value chain of the Feed Pigment Market.

The drivers and restraints impacting the growth of the Feed Pigment Market are explained in this chapter. Opportunities and ongoing trends in the Feed Pigment Market are also comprehensively discussed.

This chapter includes detailed analysis of the historical Feed Pigment Market (2015-2019), along with an opportunity analysis for the forecast period (2020-2030). Readers can also find the absolute $ opportunity for the current year (2019 - 2020) and incremental opportunity for the forecast period (2020-2030).

Based on type, the Feed Pigment Market is segmented into Carotenoids, Curcumin, Caramel, Spirulina, and Others. In this chapter, readers can find information about key trends and developments in the Feed Pigment Market and market attractiveness analysis based on raw material.

Based on Source, the Feed Pigment Market is classified into Natural and Synthetic. This part also offers market attractiveness analysis based on source.

Based on Livestock, the Feed Pigment Market is classified into Swine, Poultry, Ruminants, Aquatic animals, and Others. This part also offers market attractiveness analysis based on Livestock.

This chapter explains how the Feed Pigment Market is anticipated to grow across various geographic regions such as North America, Latin America, Europe, South Asia, East Asia, Oceania, and Middle East and Africa.

This chapter includes a detailed analysis of the growth of the Feed Pigment Market in North America, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on end users and countries in the North America region.

Readers can find detailed information about several factors, such as the pricing analysis and regional trends, which are impacting growth of the Feed Pigment Market in Latin America. This chapter also includes growth prospects of the Feed Pigment Market in leading LATAM countries such as Brazil, Mexico, and the Rest of Latin America.

Important growth prospects of the Feed Pigment Market based on its end users in several countries such as Germany, U.K., France, Italy, Spain, BENELUX, Nordic, Russia, Poland, and the Rest of Western Europe are included in this chapter.

In this chapter, readers can find information about key trends and developments in the key countries of South Asia such as India, Thailand, Malaysia, Indonesia, Singapore, and Rest of South Asia Feed Pigment Market.

This chapter includes a detailed analysis of the growth of the Feed Pigment Market in the East Asia region, along with a country-wise assessment that includes, Japan, China, and South Korea. Readers can also find regional trends, regulations, and market growth based on end users and countries in the APEJ region.

This chapter offers insights into how the Feed Pigment Market is expected to grow in major countries in the Middle East region such as Australia and New Zealand, during the forecast period 2020-2030.

This chapter contains information about the market growth of Feed Pigmentin Middle East region such as GCC Countries, South Africa, North Africa, and the Rest of Middle East, during the forecast period 2020-2030.

In this chapter, readers can find detailed information about tier analysis and market concentration of the key players in the Feed Pigment Market along with their market presence analysis by region and product portfolio.

In this chapter, readers can find a comprehensive list of leading manufacturers in the Feed Pigment Market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are BASF SE, Royal DSM NV, Kemin Industries, Inc., Novus International, Inc., Guangzhou Leader Bio-Technology Co., Ltd., D.D. Williamson & Co., Inc., Nutrex NV, Behn Meyer Group, Vitafor NV, Innovad AD NV/SA, and Others.

This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the Feed Pigmentreport.

This chapter helps readers understand the research methodology followed to obtain various conclusions, as well as important qualitative and quantitative information, on the Feed Pigment Market.

How the research was conducted?

Primary Research

  • C - Level Executives
  • Marketing Directors
  • Sales Heads
  • Production Managers
  • Distributors Heads
  • Sales Executives
  • Product Manufacturers
  • Distributors
  • Traders 
  • Industry Experts
  • End Users
  • Current Market Dynamics and Challenges
  • Market Characteristics
  • Market Performance and Growth Quadrants
  • Competition Structure and Market Structure
  • Strategic Growth Initiatives
  • Near-term and Long-term Market Growth Prospects
  • Market Segment Splits and Authenticity
  • Opinions on Market Projections and Validity Of Assumptions

Secondary Research

  • Industry Publications
    • Industrial Week
    • Industrial Product Review
    • Industrial Magazine
  • Industry Associations
    • Dieticians Association
    • Food and Agriculture Organization
  • Company Press Releases
  • Annual Reports and Investor Presentations
  • Research Papers
  • Government Websites and Publications
  • Trade Websites

Primary Interview Splits

Primary Interview Splits feed pigment market designation

Primary Interview Splits feed pigment market stakeholder

To Learn More About our Comprehensive Perspective on Feed Pigment Market,

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