(Food-Beverage-News.Com, March 14, 2018 ) The Feed Pigment market size will grow from USD 0.97 Billion in 2017 to USD 1.18 Billion by 2023, at an estimated CAGR of 3.38%. The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
The market growth is driven by growing customer demand for meat products and rising awareness about health benefits of carotenoids for animals among the livestock growers. The market is further driven by factors such as growing industrialization of pork, aquaculture, and poultry business and acknowledgment of the importance of feed pigments in fish farming. Depending upon livestock, the global market is led by the poultry segment, followed by ruminants and swine. These are used on a large scale in regions where there is extensive demand for meat and meat products.
By Market Players: BASF SE , Royal DSM N.V. , Kemin Industries Inc. , Novus International, Inc. , Guangzhou Leader Bio-Technology Co., Ltd , D.D. Williamson & Co., Inc. , Nutrex NV , Behn Meyer Group , Vitafor NV , Innovad AD NV/SA, ,
By Type Carotenoids , Curcumin , Caramel , Spirulina , Other Feed Pigments
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