Feed Pigments Market is Dazzling Worldwide and Forecast to 2031

Global feed pigments market is anticipated to grow at a CAGR of 10.4% during the forecast period (2024-2031). A major factor supporting the growth of the market is the increasing demand for meat products. As consumers become more conscious about the quality and nutritional value of the meat they consume, there's a growing preference for naturally colored meat products. Feed pigments are used to enhance the color of animal products such as poultry, fish, and pork, making them more appealing to consumers. Additionally, the rising awareness regarding the health benefits of natural pigments, such as carotenoids and anthocyanins, is driving the market growth as well.

In September 2022, DSM completed the acquisition of Prodap, a prominent Brazilian company specializing in animal nutrition and technology. Through this strategic move, DSM aims to integrate Prodap's technology solutions, consulting services, and specialized nutritional offerings into its portfolio. By combining these strengths, the company seeks to enhance animal farming efficiency and promote sustainability practices within the industry.

In July 2022, Impextraco undertook an expansion initiative at its facility in Mexico, geared towards optimizing product storage capacities and fostering new business prospects. This expansion effort reflects Impextraco's commitment to meeting the growing demand for its products in the Mexican market. Moreover, it underscores the company's strategic objective of bolstering the presence of the Impextraco brand and reinforcing its position as a key player in the region's animal nutrition sector. 

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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 Source
• By Livestock

Regions Covered-

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

Competitive Landscape- BASF SE, EW Nutrition, Impextraco NV, Innovad®, and others.

Feed Pigments Market Report Segment

By Type

• Carotenoids
• Curcumin
• Spirulina
• Others (Lutein, Astaxanthin, Anthocyanins)

By Source

• Synthetic
• Natural

By Livestock

• Swine
• Poultry
• Ruminants
• Aquatic Animals 

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

Feed Pigments Market Report Segment 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 and Africa 

Company Profiles

• BASF SE
• DSM-Firmenich AG
• EW Nutrition
• Guangzhou Leader Bio-Technology Co.Ltd.
• Impextraco NV
• Innovad® 
• Kemin Industries, Inc.
• Larvicides MarKalsec Inc. 
• Nutrex 
• Synthite Industries Ltd.
• Vitafor NV

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Article source: https://article-realm.com/article/Food-Beverage/63726-Feed-Pigments-Market-is-Dazzling-Worldwide-and-Forecast-to-2031.html