Global Feed Pigments Market Overview

Feed pigments are additives that are added to animal feed to enhance the colour of animal products, improve animal health, and boost their immune system. Feed pigments are derived from natural and synthetic sources. Natural feed pigments are obtained from plants, algae, and fungi, while synthetic feed pigments are produced in laboratories. The global feed pigments market is expected to grow from USD 1.3 billion in 2022 to USD 2.1 billion by 2032, at a CAGR of 6.3% during the forecast period. The growth of the market is attributed to the increasing production of animal feed, growing awareness of the benefits of feed pigments in animal nutrition, and rising demand for meat and poultry products.

𝗧𝗵𝗲 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗥𝗲𝗽𝗼𝗿𝘁 𝗶𝘀 𝗣𝗿𝗶𝗰𝗲𝗱 𝗮𝘁 𝗖𝗹𝗶𝗰𝗸 𝗛𝗲𝗿𝗲 𝘁𝗼 𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗦𝗮𝗺𝗽𝗹𝗲.https://www.marketresearchfuture.com/sample_request/5354

Market Segments

The Feed Pigments Market segments are divided into type, source, and livestock. 

The type segment includes sub-segments such as carotenoids, spirulina, curcumin, and others. The carotenoids segment is noticed as the dominating segment due to its higher utility rate. 

The source segment of the market is segregated into natural feed pigments and synthetic feed pigments. The natural feed pigments will show higher potential growth in the future forecast because natural products are mostly preferred in the animal feeding sectors. 

In the livestock segment, the Feed Pigments Market is classified into poultry, ruminants, swine, and others. The dominating segment is the poultry segment because of the higher consumption of poultry products worldwide. 

Regional Analysis

According to the global geographical growth analysis of the Feed Pigments Market, it shows massive growth in the North American regions, European Union, Asia-Pacific countries, and other regions. 

Among these geographical regions, the Asia-Pacific region is leading this market. In this region, China is noticed as the major contributor to poultry products, boosting the regional market. Another reason people in Asia-Pacific have increased their poultry and meat products consumption. This factor promotes the growth of the Feed Pigments Market Share in the region.

The North American region is the next dominating region of the market. The growing demand for poultry products in major developed countries such as Canada, the U.S., and Mexico is accelerating the growth rate. In this region, the industrial players are highly focused on research and development, which is aiding the regional market revenue. 

Industry News

In August 2022 - An Ottawa life sciences company Avivagen, announced the development of a natural immune-boosting compound for pets, livestock, and humans. It has also landed a series of orders to overtake deep financial holes in the coming years of sustained losses. It has announced new deals in regions - Asia, Brazil, and Mexico. The orders to ship six tonnes of product, branded as OxC-beta, for livestock, poultry, and dairy producers. The largest ever agreement calls for the firm to ship four tonnes to an Asian livestock producer.

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