North America Feed Pigments Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 2.70 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Feed Pigments Market Analysis
The North America Feed Pigments market is projected to grow at a CAGR of 2.7% during the forecast period (2020-2025). Feed pigments are essential to feed additives that improve the commercial value of animal feed by imparting attractive color to products obtained from animals. Furthermore, they improve palatability and immunity, curing multiple livestock diseases. The animal disease outbreaks such as African Swine fever virus, foot, mouth, and mad cow disease have stimulated awareness for healthy livestock among consumers. Thus, boosting the Feed pigment market in this region. The United States is the largest feed producer in the region. The key drivers for this market include increasing demand for meat production, rising disposable incomes, shifting inclination towards pellet feed consumption, and increasing consumer awareness regarding livestock health. The key players in the marker are Novus International, BASF SE, DSM Animal Nutrition, Kemin Industries Inc., Nutrex NV, and Synthite Industries Ltd.
North America Feed Pigments Market Trends
This section covers the major market trends shaping the North America Feed Pigments Market according to our research experts:
Rising Demand for Animal Sourced Proteins
Increasing demand for high animal protein food has created a need for enhancing the production of meat in North America. According to the Organisation for economic cooperation and development (OECD), Consumption of beef meat in the United States is raised to 12,566 tonnes in 2019 from 12.179 tonnes in 2018. In the United States, the per capita consumption of pork meat, beef meat, and poultry meat accounted for 23.3 kilograms, 26.7 kilograms, and 50.1 kilograms respectively in the year 2019. Also, the poultry meat is the highest consumed in Canada that amounted to 33.9 kilograms followed by beef and veal with the per capita consumption of 17.6 kilograms in the same year. As per ITC Trade Map, Canada is the largest importer of poultry in the region with USD 61,770 thousand, and the United States is the largest importer of Swine with USD 313,744 thousand in 2019. The increasing demand for meat has further boosted the demand for feed pigments in the region.
United States Dominates Market
The United States is the largest producer of animal feed in the region owing to the growing trend of mass production of livestock. According to FAO, in 2016 cattle and buffaloes population was 91.8 million that has increased to 94.2 million and the poultry bird population increased from 2225.07 million to 2225.50 million during the same period. The rise in the animal population in the country has resulted in an increase in the production of animal feed for different species. According to the Alltech, the feed production in the country was 214 million metric tons of which poultry feed production was the highest amounting to 62.6 million metric tons, followed by beef and pig feed that accounted for 61.09 million metric tons and 44.86 million metric tons respectively in the year 2019. The feed pigments are given along with the other feed additives to the animals to improve the color of the meat and egg. Some of the factors like consumers' preferences towards the color of the meat along with the quality, which is the prime factor considered while purchasing meat will enhance the feed pigments market.
North America Feed Pigments Industry Overview
The North America feed pigment market is consolidated with a few major players dominating the market. The key players in the marker are Novus International, BASF SE, DSM Animal Nutrition, Kemin Industries Inc., Nutrex NV, and Synthite Industries Ltd. These firms are coming with new products in this segment to build a huge presence and gain a strong customer base in the market. In March 2019, Kemin Animal Nutrition and Health launched Organic KEM GLO™ in the line of carotenoids. Organic KEM GLO is a USDA-certified organic additive that uniformly distributes color throughout the feed and helps organic egg producers intensify the color of egg yolks. The product launch expands the product portfolio of the firm and also enables it to serve the growing demand for natural ingredients.
North America Feed Pigments Market Leaders
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BASF SE
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DSM
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Novus International
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Kemin Industries, Inc., USA
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Synthite Industries Ltd.
*Disclaimer: Major Players sorted in no particular order
North America Feed Pigments Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions & Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
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4.4 Porters five Force Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Type
- 5.1.1 Carotenoids
- 5.1.1.1 Alpha-Carotene
- 5.1.1.2 Beta-Carotene
- 5.1.1.3 Lycopene
- 5.1.1.4 Lutein
- 5.1.1.5 Zeaxanthin
- 5.1.1.6 Astaxanthin
- 5.1.1.7 Canthaxanthin
- 5.1.1.8 Others
- 5.1.2 Other Types
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5.2 Aninal Type
- 5.2.1 Ruminants
- 5.2.2 Poultry
- 5.2.3 Swine
- 5.2.4 Aquaculture
- 5.2.5 Other Application
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5.3 Geography
- 5.3.1 United States
- 5.3.2 Canada
- 5.3.3 Mexico
- 5.3.4 Rest of North America
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted strategies
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 DSM
- 6.3.2 Synthite Industries Ltd.
- 6.3.3 BASF SE
- 6.3.4 Kemin Industries, Inc
- 6.3.5 Novus International Inc
- 6.3.6 Vitafor NV
- 6.3.7 Cyanotech Corporation
- 6.3.8 Nutrex NV
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19
North America Feed Pigments Industry Segmentation
Feed pigments are used to enhance the color of meat and yolk of the egg. They are majorly used in poultry and aquaculture. The increasing demand for red meat, have led the meat processing industries to use pigments to enhance the color of the raw and processed meat.
| Type | Carotenoids | Alpha-Carotene |
| Beta-Carotene | ||
| Lycopene | ||
| Lutein | ||
| Zeaxanthin | ||
| Astaxanthin | ||
| Canthaxanthin | ||
| Others | ||
| Type | Other Types | |
| Aninal Type | Ruminants | |
| Poultry | ||
| Swine | ||
| Aquaculture | ||
| Other Application | ||
| Geography | United States | |
| Canada | ||
| Mexico | ||
| Rest of North America |
North America Feed Pigments Market Research FAQs
What is the current North America Feed Pigments Market size?
The North America Feed Pigments Market is projected to register a CAGR of 2.70% during the forecast period (2024-2029)
Who are the key players in North America Feed Pigments Market?
BASF SE, DSM, Novus International, Kemin Industries, Inc., USA and Synthite Industries Ltd. are the major companies operating in the North America Feed Pigments Market.
What years does this North America Feed Pigments Market cover?
The report covers the North America Feed Pigments Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Feed Pigments Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Feed Pigments Industry Report
Statistics for the 2024 North America Feed Pigments market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Feed Pigments analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
