Market Size of Europe Feed Pigments Industry
| 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 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 Feed Pigments Market Size Summary
The Europe Animal Feed Pigments Market is experiencing a steady growth trajectory, driven by the increasing demand for animal protein and high-quality meat products. Feed pigments, which can be derived from natural sources or synthesized industrially, play a crucial role in enhancing the color and nutritional value of animal products such as eggs, meat, and milk. These pigments are not only valued for their pigmentation properties but also for their benefits in preventing oxidation and boosting the immune system of animals. The rising meat consumption in Europe, particularly poultry, pork, and beef, is a significant factor propelling the market forward. As disposable incomes rise and the demand for standard meat and other animal products increases, the market for feed pigments is expected to expand.
Carotenoids are the most widely used feed pigments in Europe, particularly in commercial egg production and aquaculture, due to their ability to enhance the color and nutritional value of products. They are also recognized for their antioxidant properties, contributing to their popularity in the region. The market is characterized by a high level of concentration, with major players such as BASF SE, Novus International Inc., Kemin, and Royal DSM N.V. dominating the landscape. These companies are focusing on strategies like acquisitions, mergers, and investments in research and development to strengthen their market position and expand their production capacities. As a result, the feed carotenoids market is anticipated to witness significant growth during the forecast period.
Europe Feed Pigments Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Introduction to Market Drivers & Restraints
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1.3 Market Drivers
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1.4 Market Restraints
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1.5 Porters Five Forces Analysis
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1.5.1 Bargaining Power of Suppliers
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Threat of New Entrants
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Carotenoids
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2.1.2 Curcumin
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2.1.3 Caramel
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2.1.4 Spirulina
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2.1.5 Others
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2.2 Animal
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2.2.1 Ruminant
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2.2.2 Poultry
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2.2.3 Swine
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2.2.4 Aquaculture
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2.2.5 Others
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2.3 Geography
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2.3.1 Spain
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2.3.2 United Kingdom
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2.3.3 Germany
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2.3.4 France
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2.3.5 Italy
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2.3.6 Russia
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2.3.7 Rest of Europe
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Europe Feed Pigments Market Size 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.
