Market Size of North America Feed Pigments Industry
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 |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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 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 | ||||||||||
| ||||||||||
Other Types |
Aninal Type | |
Ruminants | |
Poultry | |
Swine | |
Aquaculture | |
Other Application |
Geography | |
United States | |
Canada | |
Mexico | |
Rest of North America |
North America Feed Pigments Market Size Summary
The North America feed pigments market is experiencing steady growth, driven by the increasing demand for meat production and the rising awareness of livestock health. Feed pigments, as essential additives, enhance the commercial value of animal feed by improving the color, palatability, and immunity of livestock, thereby addressing consumer concerns about animal health. The market is further bolstered by the United States' position as the largest feed producer in the region, supported by a growing trend towards mass livestock production. Key drivers include rising disposable incomes, a shift towards pellet feed consumption, and heightened consumer awareness regarding the benefits of feed pigments. Major players in the market, such as Novus International, BASF SE, DSM Animal Nutrition, and Kemin Industries Inc., are actively introducing new products to capture a larger market share and meet the increasing demand for natural ingredients.
The demand for high animal protein food has significantly influenced the feed pigments market in North America, with the United States and Canada leading in meat consumption and importation. The increasing per capita consumption of poultry, beef, and pork in these countries underscores the need for enhanced meat production, which in turn drives the demand for feed pigments. The rise in animal populations, particularly in the United States, has led to increased production of animal feed, with poultry feed being the most significant segment. Consumers' preferences for meat color and quality further enhance the market's growth prospects. The market is characterized by a few dominant players who are expanding their product portfolios to meet the growing demand, as evidenced by Kemin's launch of Organic KEM GLO‚Ñ¢, a USDA-certified organic additive designed to enhance feed color.
North America Feed Pigments Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Overview
-
1.2 Market Drivers
-
1.3 Market Restraints
-
1.4 Porters five Force Analysis
-
1.4.1 Threat of New Entrants
-
1.4.2 Bargaining Power of Buyers/Consumers
-
1.4.3 Bargaining Power of Suppliers
-
1.4.4 Threat of Substitute Products
-
1.4.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 Type
-
2.1.1 Carotenoids
-
2.1.1.1 Alpha-Carotene
-
2.1.1.2 Beta-Carotene
-
2.1.1.3 Lycopene
-
2.1.1.4 Lutein
-
2.1.1.5 Zeaxanthin
-
2.1.1.6 Astaxanthin
-
2.1.1.7 Canthaxanthin
-
2.1.1.8 Others
-
-
2.1.2 Other Types
-
-
2.2 Aninal Type
-
2.2.1 Ruminants
-
2.2.2 Poultry
-
2.2.3 Swine
-
2.2.4 Aquaculture
-
2.2.5 Other Application
-
-
2.3 Geography
-
2.3.1 United States
-
2.3.2 Canada
-
2.3.3 Mexico
-
2.3.4 Rest of North America
-
-
North America Feed Pigments Market Size 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.