What is the current market size and future outlook for the feed pigment market?
The feed pigment market size has grown strongly in recent years. It will grow from $1.73 billion in 2024 to $1.85 billion in 2025 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to consumer demand for meat and poultry products, health and aesthetic benefits, regulatory support for feed additives, focus on animal welfare, preference for natural pigments, nutritional requirements in pet food.
The feed pigment market size is expected to see strong growth in the next few years. It will grow to $2.43 billion in 2029 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to demand for specialty and functional feeds, sustainable sourcing of pigments, government initiatives for animal nutrition, expansion of the poultry industry, increasing investments in feed industry. Major trends in the forecast period include technological advancements in pigment production, innovations in pigment sources, focus on egg yolk coloration, development of customized pigment blends, antioxidant properties.
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How has the feed pigment market evolved, and what factors have shaped its growth?
Rising meat consumption is expected to propel the growth of the feed pigment market going forward. Meat consumption refers to the amount of meat that is consumed by individuals or populations. Feed pigments are added to animal feed to enhance the color of meat, poultry, and seafood, which makes them more visually appealing to consumers. For instance, in July 2024, according to Carlisle Technology, a US-based company providing software and hardware solutions for the food industry, chicken consumption, currently at 98.90 pounds per person, is projected to increase to 107.50 pounds by 2033, driven by its affordability and health benefits. In 2022, Americans consumed 98.90 pounds of broiler chicken per capita, with this figure set to rise significantly by 2033. Therefore, rising meat consumption is driving the growth of the feed pigment market.
What are the major segments of the feed pigment market?
The feed pigment market covered in this report is segmented –
1) By Product: Carotenoids, Curcumin, Caramel, Spirulina, Other Products
2) By Source: Natural, Synthetic
3) By Livestock: Swine, Poultry, Ruminants, Aquatic Animals, Other Livestock
Subsegments:
1) By Carotenoids: Beta-Carotene, Lutein, Astaxanthin, Lycopene
2) By Curcumin: Turmeric Extracts, Curcumin Concentrates
3) By Caramel: Class I Caramel, Class II Caramel, Class III Caramel, Class IV Caramel
4) By Spirulina: Spirulina Powder, Spirulina Extracts
5) By Other Products: Beetroot Red, Anthocyanins, Natural Red 40
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Which companies dominate the feed pigment market?
Major companies operating in the feed pigment market report are BASF SE, Behn Meyer Group, D.D. Williamson & Co. Inc., Guangzhou Leader Bio-Technology Co. Ltd., Kemin Industries Inc., Novus International Inc., Nutrex NV, Royal DSM NV, Vitafor NV, Sudarshan Chemical Industries Limited, Cargill Incorporated, Kalsec Inc., Koel Colors Pvt. Ltd., Clariant AG, Kolortek Co. Ltd., Sandream Impact LLC, Chr. Hansen Holding A/S, Bordas S.A., DSM Nutritional Products AG, Evonik Industries AG, Synthite Industries Pvt. Ltd., Guangzhou Yuxin Feed Additive Co. Ltd., Hebei Shuntian Biotechnology Co. Ltd., Ferro Corporation, Koninklijke DSM N.V., Innovad AD NV, Lonza Group AG, PHW Group, Alltech Inc., The Archer-Daniels-Midland Company
How will evolving trends contribute to the growth of the feed pigment market?
Major companies operating in the market for feed pigment are focusing on innovative technologies such as carbon capture technology. Carbon capture technology involves methods for capturing and storing carbon dioxide emissions from sources such as industrial plants to reduce their environmental impact and address climate change. For instance, in March 2023, NovoNutrients, a US-based biotechnology company, launched carotenoid single-cell proteins. Which are premium protein sources obtained from microorganisms that synthesize carotenoids, the pigments that give vibrant colors to many plants and some animals. These proteins are produced through fermentation processes that use carbon dioxide, hydrogen, and specific microbes, providing a sustainable alternative to conventional protein sources. In addition to supplying essential amino acids and nutrients for animal feed, carotenoid SCPs enhance the nutritional value of the feed by incorporating the benefits of carotenoids, which contribute to better health and improved coloration in aquaculture species.
What are the key regional dynamics of the feed pigment market, and which region leads in market share?
North America was the largest region in the feed pigment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global feed pigment market during the forecast period. The regions covered in the feed pigment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Does The Feed Pigment Market Report 2025 Offer?
The feed pigment market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Feed pigments are natural or synthetic pigments that are added to animal feed to enhance the visual appeal of animal-derived products such as meat, eggs, and milk. It is used to enhance the appearance and nutritive value of animal feed.
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