(MoneyNewsWire.Net, November 13, 2017 ) 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 %.
Pigment is a compound which provides color to the other substance. Feed Pigments provide aid to improve the commercial value of meat derivatives by improving the color, Form, and palatability of the feed. It also acts as anti-oxidants to cure many diseases in animals and making them healthy.
Rising demand for meat, growing health consciousness among consumers to take healthy food, rising disposable incomes, and rising need for healthier livestock owing the growth of meat industry are some of the factors driving the market. However, factors like high expense of synthetic pigments and scarcity of natural pigments are restraining the growth of the market.
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Feed Pigment Market is segmented based on Type, Carotenoids Source and livestock. Based on Type, market is further segmented into Carotenoids, Curcumin, Caramel, Spirulina & Others. Based on Carotenoids Source, market is further segmented into Natural Feed Pigments, Synthetic Feed Pigments. Based on Livestock, market is further segmented into Swine, Ruminants, Poultry, Aquatic Animals & Others. Further based on Carotenoids, market is further segmented into Beta-Carotene, Canthaxanthin, Lutein, Astaxanthin, Lycopene, Zeaxanthin, Other Carotenoids. Carotenoids dominated the market in 2015 owing to its widespread usage.
1.2.7 Other Carotenoids
1.7 Y-o-Y Growth Analysis, By Type
1.8 Market Attractiveness Analysis, By Type
1.9 Market Share Analysis, By Type
3 Carotenoids Source
3.2 Natural Feed Pigments
3.3 Synthetic Feed Pigments
3.7 Y-o-Y Growth Analysis, By Carotenoids Source
3.8 Market Attractiveness Analysis, By Carotenoids Source
3.9 Market Share Analysis, By Carotenoids Source
4.5 Aquatic Animals
4.7 Y-o-Y Growth Analysis, By Livestock
4.8 Market Attractiveness Analysis, By Livestock
4.9 Market Share Analysis, By Livestock
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Geographically, market is segmented into Asia-Pacific, Europe, North America, Latin America and Middle East and Africa. Europe accounted for largest share globally owing to the increased awareness about benefits of feed pigments. Asia-Pacific is expected to be the fastest growing market owing to the factors like large population, growing health consciousness among people and rising disposable incomes.
Scope of the report:
Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development
A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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Major players listed in the report 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.
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