Feed Pigment Market Report Overview Industry Growth Analysis by Key Players, Segments, Competitive Landscape and Forecast to 2030

(Heraldkeepers via Comtex)

The global keyword market size was US$ $$billion in 2020. The global keyword market is forecast to reach the value of US$ $$billion by 2030 by growing at a compound annual growth rate (CAGR) of $$% during the forecast period from 2021-2030.

The global fast-moving consumer goods (FMCG) market has been witnessing abrupt changes in consumer choices. The demand for a diverse variety and new arrivals of products has been increasing regular basis. Be it food and beverage, personal care, home care, or healthcare, the demand of varied products from the consumers are creating significant growth opportunities for the market players.

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The global fast-moving consumer goods (FMCG) market has been witnessing abrupt changes in consumer choices. The demand for a diverse variety and new arrivals of products has been increasing regular basis. Be it food and beverage, personal care, home care, or healthcare, the demand of varied products from the consumers are creating significant growth opportunities for the market players.

Feed pigments are natural or synthetic carotenoids, extracted from vegetable sources, stabilized and mixed with suitable carrier to enhance the standardized pigment activity in feed products. Growing consumption of meat around the world, health benefits for animals such as strengthening immune and reproduction system and rising poultry industry are the factors fueling demand for feed pigments.

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According to Statista, poultry meat consumption volume in India has increased from 3737 thousand metric tons in 2019 to 3955 thousand metric tons in 2020 and is expected to reach 4107 thousand metric tons by 2021. Furthermore, growing inclination towards pellet feed consumption and research and development activities taking place in the industry are expected to create demand for feed pigment in near future. However, rising cost of raw material and stringent government regulations are poised to hinder growth in coming years.

Asia Pacific market is dominating the world market in terms of revenue among Asia Pacific, North America, Europe, Latin America, and Rest of the World and is also expected to show significant growth during forecast period. Growing demand for meat and growing preference for better health of livestock are the factors injecting growth in Asia Pacific market.

Major market players included in this report are:

Nutreco Holdings
Cargill Incorporated
Bio-Technology Co., Ltd.
D. Williamson & Co., Inc.
Royal DSM N. V.
BASF SE
Kemin Industries, Inc.
Novus International, Inc.
Kalsec Inc.
Vitafor NV

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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study.

Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Pigment Type:
Curcumin
Caramel
Carotenoids
Spirulina
Others
By Livestock:
Aquatic Animals
Cattle
Poultry
Swine
Others
By Source:
Synthetic Pigments
Natural Pigments

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

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Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.

Target Audience of the Global Feed Pigment Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Trends like development of new supermarkets and hypermarkets are forecast to create favorable opportunities. Moreover, rising disposable income and growing demand for advanced one-stop solutions would further expand the industrial growth in the coming years.

The value of FMCG sector is forecast to reach US$ 18.5 billion by the end of the year 2028, and is anticipated to grow at a CAGR of 4.9% in the forecast period. Of all the regions, North America is dominating the entire FMCG sector and is forecast to hold the largest market share during the study period. North America FMCG sector is growing significantly owing to change in lifestyles, growing number of supermarkets, and rising urban population. Moreover, the Asia-Pacific is forecast to record the CAGR of 7.8%, because of changing lifestyles, increasing urbanization, and rising employment rate. Apart from that, increasing focus of companies and organizations towards R&D and new product launches would further boost the popularity of FMCG domain and escalate the regional growth of the market.

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What is the key information extracted from the report?

Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
The report offers the present scenario and future growth prospects Market in various geographical regions.
The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
The SWOT analysis is conducted along with Porter's Five Force analysis.
The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.

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Source - HeraldKeeper
Note: The Heraldkeeper News Department was not involved in the creation of this content.

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COMTEX_400564732/2582/2022-01-15T06:27:19