Feed Carotenoids Market to Signify Strong Growth by 2024-2031

Feed carotenoids market is anticipated to grow at a considerable CAGR of 3.6% during the forecast period. The shift from animal ownership to animal parenting has been a very crucial and defining trend in the pet food market, more so in developed countries. According to the National Pet Owners Survey performed by the American Pet Products Association (APPA), more than 85 million households in the US had one or more pets, the majority of which were dogs. Additionally, the animal humanization trend has led to increased health consciousness and has generated demand for feed carotenoids. 

Rising acquisitions, product approval, collaborations among the major players in the market also propel the growth of the market. For instance, in February 2021, Nutrex invested in a new tailor-made production facility in Olen for the up-gradation of R&D and production facilities. This investment will enable to development and produce new products, and further expand production capacity. The new plant will be constructed using the most cutting-edge manufacturing techniques, allowing it to combine high capacity with maximum flexibility in both large and small production runs. Additionally, Nutrex can combine all of its strategic functions in one location, including sales management, product research and innovation, and marketing.

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Market Coverage

• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031

Segment Covered- 

• By Type
• By Animal Types

Regions Covered

• North America
• Europe
• Asia-Pacific
• Rest of the World

Competitive Landscape- BASF SE, Kemin Industries, DSM Animal Nutrition, Novus International Inc, Biochem Products B.V. 

Feed Carotenoids Market Report by Segment

By Type 

•             Beta-Carotene

•             Lycopene

•             Lutein

•             Astaxanthin

•             Canthaxanthin

By Animal Type

•             Ruminant

•             Poultry

•             Swine

•             Aquaculture

•             Other Animal Types

A full Report of Feed Carotenoids Market is Available @  https://www.omrglobal.com/industry-reports/feed-carotenoids-market

Feed Carotenoids Market Report by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Spain
• France
• Italy
• Rest of Europe

Asia-Pacific

·                  India

·                  China

·                  Japan

·                  South Korea

·                  Rest of APAC

Rest of the World

·        Latin America 

·        Middle East & Africa

Company Profiles 

·        Allied Biotech Corporation

·        Avivagen

·        BASF SE

·        Biochem Products B.V

·        Biochem Products B.V.

·        Chr. Hansen Holding A/S

·        Cyanotech Corp

·        Divi's Laboratories Ltd

·        Fuji Chemical Industry Co Ltd. 

·        Impextraco

·        Innovad SA

·        Kemin Industries

·        Koninklijke DSM N.V.

·        Lycored Ltd

·        Novus International Inc

·        Novus International Inc.

·        Nutrex NV

·        Synthite Industries Ltd.

·        Thoroughbred Remedies Manufacturing

·        Vitafor Belgium

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Article source: https://article-realm.com/article/Food-Beverage/61558-Feed-Carotenoids-Market-to-Signify-Strong-Growth-by-2024-2031.html