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Market Research Report
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392245

Global Feed Pigments Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Published: | Mordor Intelligence Pvt Ltd | 125 Pages | Delivery time: 2-3 business days

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Global Feed Pigments Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
Published: January 17, 2022
Mordor Intelligence Pvt Ltd
Content info: 125 Pages
Delivery time: 2-3 business days
  • Description
  • Table of Contents

The global feed antibiotics market (henceforth, referred to as the market studied) was valued at USD 1.0 billion in 2018, and it is expected to register a CAGR of 2.93% during the forecast period (2019-2024). Asia-Pacific is projected to be the fastest-growing market.

Key Highlights

  • Feed pigments are used to improve the color of the products including egg, meat, and milk. The growing demand for the animal protein and quality meat products are the major drivers of feed pigment markets.

Key Market Trends

Increasing Meat Consumption

Feed pigments in livestock are used to improve the color of the products obtained from the animals including eggs, milk, and meat. Increasing meat consumption is the major driving factor for the feed pigments market. According to the Organisation for Economic Co-ordination and Development, meat consumption has raised from 114 million metric tons in 2017 to 116 million metric tons in 2018. Poultry meat is the most consumed by humans with per capita consumption of 30.6 kilograms per year, followed by pork with per capita consumption of 23.5 kilograms per year and beef and veal with per capita consumption of 14.8 kilograms per year.

North America - The Largest Geographic Market

The United States is the largest feed pigment market with a market share of 19.23%, with a value of USD 197.4 million in 2018 followed by China. Despite the United States, North America is projected to have growth at a lower CAGR, whereas Asia-Pacific followed by Europe will be the fastest growing market during the study period 2019-2024. The feed pigments are given along with the other feed additives to the animals to improve the color of the meat and egg. Feed pigments are highly used in poultry industry.

Competitive Landscape

The Global feed pigment market is a highly concentrated market with few major players including BASF SE, Novus International Inc., Kemin, Royal DSM N.V. The major strategies adopted by them are acquisitions, mergers, increasing the capacity of the plants and investing in R&D.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support
Product Code: 47169

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Study Assumptions
  • 1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Introduction to Market Drivers & Restraints
  • 4.3 Market Drivers
  • 4.4 Market Restraints
  • 4.5 Porters Five Forces Analysis
    • 4.5.1 Bargaining Power of Suppliers
    • 4.5.2 Bargaining Power of Buyers/Consumers
    • 4.5.3 Threat of New Entrants
    • 4.5.4 Threat of Substitute Products
    • 4.5.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Carotenoids
      • 5.1.1.1 Alpha-Carotene
      • 5.1.1.2 Beta-Carotene
      • 5.1.1.3 Lycopene
      • 5.1.1.4 Lutein
      • 5.1.1.5 Zeaxanthin
      • 5.1.1.6 Astaxanthin
      • 5.1.1.7 Canthaxanthin
      • 5.1.1.8 Others
    • 5.1.2 Others
  • 5.2 Animal
    • 5.2.1 Ruminant
    • 5.2.2 Poultry
    • 5.2.3 Swine
    • 5.2.4 Aquaculture
    • 5.2.5 Others
  • 5.3 Geography
    • 5.3.1 North America
      • 5.3.1.1 United States
      • 5.3.1.2 Canada
      • 5.3.1.3 Mexico
      • 5.3.1.4 Rest of North America
    • 5.3.2 Europe
      • 5.3.2.1 Germany
      • 5.3.2.2 United Kingdom
      • 5.3.2.3 France
      • 5.3.2.4 Russia
      • 5.3.2.5 Spain
      • 5.3.2.6 Rest of Europe
    • 5.3.3 Asia Pacific
      • 5.3.3.1 China
      • 5.3.3.2 India
      • 5.3.3.3 Japan
      • 5.3.3.4 Rest of Asia Pacific
    • 5.3.4 South America
      • 5.3.4.1 Brazil
      • 5.3.4.2 Argentina
      • 5.3.4.3 Rest of South America
    • 5.3.5 Middle East & South Africa
      • 5.3.5.1 UAE
      • 5.3.5.2 Saudi Arabia
      • 5.3.5.3 Rest of Middle -East & South Africa

6 COMPETITIVE LANDSCAPE

  • 6.1 Major adopted strategies
  • 6.2 Mergers & Acquisitions
  • 6.3 Company Profiles
    • 6.3.1 BASF SE
    • 6.3.2 Royal DSM N.V.
    • 6.3.3 Kemin Industries Inc.
    • 6.3.4 Novus International Inc.
    • 6.3.5 Nutrex Nv
    • 6.3.6 Synthite Industries Ltd
    • 6.3.7 Vitafor NV
    • 6.3.8 Roha (JJT Group)

7 MARKET OPPORTUNITIES AND FUTURE TRENDS