Europe Animal Feed Pigments Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.80 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Animal Feed Pigments Market Analysis
The Europe Feed Pigments market is estimated to register a CAGR of 3.8% during the forecast period (2020-2025). Feed pigments are substances that are either of natural origin or synthesized industrially. Feed pigments are gaining importance due to various benefits they offer to the growth of an animal in several stages of its life cycle, apart from the traditional pigmentation it imparts. They have also been linked to oxidation-preventing mechanisms and enhance the immune system. Feed pigments are mainly used to improve the color of the products including egg, meat, and milk. The growing demand for animal protein and quality meat products are the major drivers of feed pigment markets.
Europe Animal Feed Pigments Market Trends
This section covers the major market trends shaping the Europe Feed Pigments market according to our research experts:
Increasing Meat Consumption
Feed pigments in livestock are used to improve the color of the products obtained from the animals including eggs, milk, and meat. Increasing meat consumption in Europe is the major driving factor for the feed pigments market. According to the European Commission's EU Agricultural Outlook of 2018, per capita, meat consumption has increased from 68.4 kg in 2017 to 69.3 kg in 2018. Poultry meat is one of the most consumed by humans, followed by pork and beef. Europe has a high percentage of people that consume meat as an essential part of their diet, rising disposable income and increased quality meat production is encouraging the market for standard meat and other animal products such as eggs. This is in turn driving the market for feed pigments in the region.
Carotenoids Dominate the Market
Carotenoids are the most extensively used pigments in the region. They are used in commercial egg production to add color and lutein to the egg yolk. The addition of lutein increases the nutritional value of the egg. Carotenoids are also used in aquaculture for making the fishes look more appealing to customers. For instance, research says the flesh of fresh trout and salmon should ideally have 7-8 mg/kg of Carotenoid but the value is only 2-4 mg/kg in fish fed without pigment additives. They are also efficient antioxidants and are a part of the antioxidant defense system in organisms, this makes the use of carotenoids more popular in the region. Thus, given these factors, the feed carotenoids market is likely to grow significantly during the forecast period.
Europe Animal Feed Pigments Industry Overview
The Europe feed pigment market is a significantly concentrated market with few major players including BASF SE, Novus International Inc., Kemin, Royal DSM N.V. The major strategies adopted by them are acquisitions, mergers, increasing the capacity of the plants and investing in R&D.
Europe Animal Feed Pigments Market Leaders
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BASF SE
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Royal DSM N.V.
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Nutrex N.V.
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Kemin Industries Inc.
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Novus International Inc.
*Disclaimer: Major Players sorted in no particular order
Europe Animal Feed Pigments Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Introduction to Market Drivers & Restraints
- 4.3 Market Drivers
- 4.4 Market Restraints
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4.5 Porters Five Forces Analysis
- 4.5.1 Bargaining Power of Suppliers
- 4.5.2 Bargaining Power of Buyers/Consumers
- 4.5.3 Threat of New Entrants
- 4.5.4 Threat of Substitute Products
- 4.5.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Type
- 5.1.1 Carotenoids
- 5.1.2 Curcumin
- 5.1.3 Caramel
- 5.1.4 Spirulina
- 5.1.5 Others
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5.2 Animal
- 5.2.1 Ruminant
- 5.2.2 Poultry
- 5.2.3 Swine
- 5.2.4 Aquaculture
- 5.2.5 Others
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5.3 Geography
- 5.3.1 Spain
- 5.3.2 United Kingdom
- 5.3.3 Germany
- 5.3.4 France
- 5.3.5 Italy
- 5.3.6 Russia
- 5.3.7 Rest of Europe
6. COMPETITIVE LANDSCAPE
- 6.1 Major adopted strategies
- 6.2 Mergers & Acquisitions
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6.3 Company Profiles
- 6.3.1 BASF SE
- 6.3.2 Royal DSM N.V.
- 6.3.3 Nutrex N.V.
- 6.3.4 Vitafor N.V.
- 6.3.5 Kemin Industries Inc.
- 6.3.6 Novus International Inc.
- 6.3.7 Synthite Industries Ltd
- 6.3.8 Roha (JJT Group)
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19
Europe Animal Feed Pigments Industry Segmentation
Feed pigments are compounds that are added to feed and are responsible for the color of products. The additives may give, deepen, or renew the feed color if it has been lost. They are majorly used in poultry and aquaculture. The market is segmented by type, by animals, and by geography. Also, carotenoids are further segmented into its major types.
| Type | Carotenoids |
| Curcumin | |
| Caramel | |
| Spirulina | |
| Others | |
| Animal | Ruminant |
| Poultry | |
| Swine | |
| Aquaculture | |
| Others | |
| Geography | Spain |
| United Kingdom | |
| Germany | |
| France | |
| Italy | |
| Russia | |
| Rest of Europe |
Europe Animal Feed Pigments Market Research FAQs
What is the current Europe Feed Pigments Market size?
The Europe Feed Pigments Market is projected to register a CAGR of 3.80% during the forecast period (2024-2029)
Who are the key players in Europe Feed Pigments Market?
BASF SE, Royal DSM N.V., Nutrex N.V., Kemin Industries Inc. and Novus International Inc. are the major companies operating in the Europe Feed Pigments Market.
What years does this Europe Feed Pigments Market cover?
The report covers the Europe Feed Pigments Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Feed Pigments Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Animal Feed Pigments Industry Report
Statistics for the 2024 Europe Animal Feed Pigments market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Animal Feed Pigments analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
