Feed Pigment Market: Overview

Pigment is a substance that provides pigment to tissue. Pigments are responsible for the colors of skin, eyes, and hair. Feed pigment is a type of pigment which is derived from natural pigments in feed, and synthetic pigments in feed. Feed pigments provide aid to increase the commercial value of the meat by-products by improving the form of the animal products, and act as antioxidants to increase the palatability of the feed and to support cure several diseases in the animals which in turn make the animals healthy.

Feed Pigment Market: Drivers & Restraints

The major factors driving the growth of feed pigment market are growing demand of strong meat demand, rising health awareness among consumers regarding consumption of healthy food, increasing urbanization, and rising disposable income. Moreover, growing inclination for healthier livestock with rising growth of meat industry is alleged to drive the growth of the feed pigment market. In addition, feed pigments increase palatability, organoleptic developments nutritional benefits, and also offers other health benefits. Among the type of feed pigment, caramel, curcumin, carotenoids, and spirulina are limited feed pigments widespread in the feed pigment market. Carotenoids segment will dominate the growth of feed pigment market and are plugged to account the significant growth over the forecast years. In terms of livestock, poultry industry will register to boost the growth of feed pigment market followed by swine market. Shifting preference towards pellet feed consumption is likely to assistance the growth of feed pigment market. Cheaper substitute availability is another factor which is slated to hamper the global market growth. On the other hand, the major factor restraining the growth of market are management and manufacture costs for the processing of synthetic pigments. Moreover, natural pigments such as marigold are generally seasonal plants which heavily depend on environmental conditions and other external issues. 

Feed Pigment Market: Market Segmentation   

The feed pigment market is segmented into four parts based on the type, source, livestock type and geography.

Based on the source type the feed pigment market is segmented into:

  • Vegetables
  • Fruits
  • Others

Based on the application type the feed pigment market is segmented into:

  • Food & Beverages
  • Pharmaceutical
  • Nutraceuticals
  • Others

Feed Pigment Market: Regional Outlook 

Regarding geography, feed pigment market has been categorized into five key regions including North America, Western Europe, Eastern Europe, APEJ, Japan, Latin America, and the Middle East & Africa. Feed pigment market is expected to register healthy CAGR during the forecast period. Asia-Pacific represents the significantly high market share and grow with comparatively high CAGR in forecast period. North America is experiencing the rapid increase in the production capacity of feed pigment owing to growing demand among consumers for pigments in food industry particularly in the U.S. Major factors that are boosting the growth of feed pigment market in the region include rising health concerns among the young population, and increasing production rate. Feed pigment market for Asia Pacific is also expected to witness rapid growth during the forecast period primarily attributed to the growth of dietary supplements market, especially in China and India. Moreover, the leading players are strategically focusing on strengthening their R&D proficiencies by capitalizing in advanced technology to offer diversified product portfolios increasing the nutritive benefits of the feed pigments. Asia-Pacific is the largest market with China merging as the forerunner with a huge market share. Other traditional markets include countries like India, Brazil and Mexico among others.

Feed Pigment Market: Key Players

Some of the key players identified in the feed pigment market are:-

  • BASF SE
  • D.D. Williamson & Co., Inc. (DDW)
  • Guangzhou Leader Bio-Technology Co., Ltd
  • Innovad AD NV/SA
  • Kalsec Inc.
  • Kemin Industries Inc.
  • Novus International, Inc.
  • Nutrex NV
  • PHW Group
  • Royal DSM N.V.
  • Synthite Industries Ltd
  • Vitafor NV
  • Others

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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