About Feed Pigments
Feed with essential ingredients is mainly provided to the animals to improve their health, immunity, and their fitness. These feed pigments are mainly used to cover the bitter taste of essential ingredients and they provide distinct colour to feed which also able to release auxiliary sensation which is mainly responsible for impacting the feed intake capacity of animal in a positive manner. The increased feed intake capacity of animal help them to strengthen their immune and reproduction systems which also enhance metabolism. Thus, animal holders are more prone to using feed pigments for their feed. Further, feed pigments are used for pigmenting milk, egg, and meat. Thus, increasing demand for meat products and inclination towards the application of animal proteins are providing growth opportunities to the feed pigments market.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 3.4% |
There are various companies are operating in this industry and heavily conducting research on the characteristics of feed pigments. There are various market players are entering this industry to capture market growth opportunities. The market leaders are investing in organic and non-organic strategic growth initiatives to become dominant in this industry. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Feed Pigments market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BASF SE ( Germany), Kemin Industries (United States), Royal DSM N.V. (Netherlands), PHW Group (Germany), Cargill (United States), D.D. Williamson & Co., Inc. (United States), Nutreco (Netherlands), Kalsec (United States), Behn Meyer Group (United States), Innovate AD NV/SA (Belgium) and Vitafor NV (Belgium) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Synthite Industries Ltd (India) and Guangzhou Leader Bio-Technology Co.Ltd (China).
Segmentation Overview
AMA Research has segmented the market of Global Feed Pigments market by Type (Carotenoids, Riboflavin, Caramel, Curcumin, Spirulina and Other Feed Pigments), Application (Ruminants, Swine, Aquatic Animals, Equines, Poultry and Other) and Region.
On the basis of geography, the market of Feed Pigments has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Nature, the sub-segment i.e. Natural Feed Pigments will boost the Feed Pigments market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Source, the sub-segment i.e. Vegetables will boost the Feed Pigments market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Preference towards Pallet Feed
Market Growth Drivers:
Growing Awareness Regarding Animal Health, Rising Consumer Inclination towards Healthy Food (Animal Protein) and Nutritional Benefits Associated with Pigments
Challenges:
Side Effects Associated With Artificial Pigments and Adulteration
Restraints:
Strengthen Government Regulations
Opportunities:
Rising Industrialisation for Poultry, Pork and Aquaculture Business, Rising Demand from Emerging Economies Such as India, China, Brazil, and Others and Increasing Consumption of Animal-Based Products (Meat, Egg, Milk)
Market Leaders and their expansionary development strategies
In July 2023, BASFjoined forces with Bio-Techne. This strategic partnership targets the development of novel feed pigments derived from microbial sources. This collaboration utilizes Bio-Techne's expertise in protein expression and BASF's knowledge of pigment production and animal nutrition to create innovative, high-performing pigments.
In the year 2021, EW Nutrition, a global provider of animal nutrition solutions has acquired the Feed Quality and Pigments business of Novus International, Inc. Owing to this acquisition, EW Nutrition will provide feed ingredients and feed pigments such as Santoquin, SURF ACE, and Agrado. The acquisition will provide ownership of the production facility in Constantin, Spain to EW Nutrition.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Feed pigments Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.