global Feed Pigment Market

Growing demand for robust meat to drive the growth of the Feed Pigment Market
Overview
The pigment may be a substance that gives pigment to tissue. Pigments are chargeable for the
colors of skin, eyes, and hair. Feed pigment may be a style of pigment that comes from natural
pigments in feed, and artificial pigments within the feed. Feed pigments give aid to extend the
industrial price of the meat by-products by rising the shape of the animal product and act as
antioxidants to extend the taste property of the feed and to support cure many diseases within
the animals that successively create the animals healthy.
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The global Feed Pigment Market is estimated to have a value of USD 978.24 million in 2016.
With a CAGR of 3.4%, the market size is expected to grow rapidly to cross USD 1.156 billion by
2021. Quality, appearance, and nourishing price of the meat product are of importance to the
expansion of the feed pigments market.
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Drivers and Restraints
The major factors driving the expansion of feed pigment market are growing demand for robust
meat demand, rising health awareness among shoppers concerning consumption of healthy
food, increasing urbanization, and rising income. Moreover, growing inclination for healthier
eutherian mammal with rising growth of meat trade is speculated to drive the expansion of the
feed pigment market. Additionally, feed pigments increase taste property, organoleptic
developments nutritional advantages, and offers alternative health advantages. Among the
kind of feed pigment, caramel, curcumin, carotenoids, and spirulina are restricted feed
pigments widespread within the feed pigment market.
Rising material costs in conjunction with demanding laws, particularly within the developed
markets, are anticipated to hinder the feed pigment market development. Cheaper substitute
convenience is another issue that is slated to hamper the worldwide market growth. R&D
initiatives to develop cheaper feed pigment with superior properties promise ample
opportunities for the market participants. Rising feed pigment demand within the rising
markets equivalent to China, India, South East Asian countries and Brazil conjointly offers
overabundant opportunities for market growth and development.
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Regional Overview
The Asia Pacific and North America dominated the worldwide feed pigment market over the
recent years capturing nearly one third of market share. Rising regions equivalent to the Asia
Pacific and Latin America are slated to expertise brisk market growth attributable to robust
demand help from countries equivalent to China, India, and Brazil.
The major market contributors for the global Feed Pigment Market are BASF SE, Royal DSM N.
V., Kemin Industries, Inc., D.D. Williamson & Co., Inc. (DDW), Guangzhou Leader Bio-Technology
Co., Ltd, Behn Meyer Group, Innovad AD NV/SA, Novus International, Inc., Synthite Industries
Ltd and Vitafor NV.
Browse Related Topics:
Compound Feed Market- https://www.marketdataforecast.com/market-reports/globalcompound-feed-market-345/
Feed Enzymes Market-https://www.marketdataforecast.com/market-reports/global-feedenzymes-market-384/
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Global Feed Pigment Market was worth USD 978.24 million in 2016 and is expected to reach USD 1.156 billion by 2021 with a CAGR of 3.4 %.