Feed Pigments market reach $1.07 billion by 2020 - report

Feed Pigments market to reach $1.07 billion by 2020 - a report

7:01 AM, 12th January 2016
Feed Pigments market to reach $1.07 billion by 2020 - a report
Feed pigments can be added to the feed of swine, ruminants, poultry, aquatic animals, and pet animals.

PUNE, INDIA: The feed pigments market is projected to grow at a CAGR of 3.2 percent from 2015 to 2020. Quality, appearance and nutritive value of the meat products have been of importance to the growth of the feed pigments market, said a report by Markets and Markets.

Feed pigments offer great help to rise the commercial value of the meat products by enhancing the appearance of the animal products, acting as antioxidants to help cure multiple diseases in the animals and to increase the palatability of the feed, making the animals healthy. Hence, feed pigments will be viewed as a business opportunity in the next five years. As a result, many multinational players have entered into the production of varied types of feed pigments.

Europe sees significant growth in carotenoids

The feed pigments market is mainly driven by the fact that they help enhance the appearance and palatability of the feed, making the animals healthier and thereby increasing their commercial value. These feed pigments are driven by increasing customer demand for quality of meat products.

Strong product platform provided by the aquaculture industry

Feed pigments can be added to the feed of swine, ruminants, poultry, aquatic animals, and pet animals. Their demand is driven by consumer’s awareness about the quality of meat products, and industrialization of pork, poultry, and aquaculture business.

Innovative, natural and cost-effective solutions key to success in Europe region

France and Germany constituted the largest country markets in the European region in 2014. Increasing awareness about the benefits of feed pigments is leading to the growth in this region. Also, adding feed pigments is an economical option which has led to increased sales of meat products in the European market. Europe dominated the market and accounted for the largest market share globally in 2014, as these products have been achieving acceptance even among fish farmers in this region.

This report includes a study of marketing and development strategies, along with the product portfolio of leading companies. It includes the profiles of leading companies such as BASF SE (Germany), Royal DSM NV (The Netherlands), Kemin Industries, Inc (US), DD Williamson & Co Inc (US) and Guangzhou Leader Bio-Technology Co Ltd (China), it mentioned.

© Worldofchemicals News



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

Saudi Arabia not planning to offer shares in Aramco: Sources

FORT LEE, US: Saudi Arabia said that it is considering selling shares in refining ventures with foreign oil firms but would not offer a stake in the c ...

Read more
Technip bags Air Products’ hydrogen plant contract in US

PARIS, FRANCE: Technip SA said that it has been awarded a contract by Air Products to provide technology, engineering and procurement services for a g ...

Read more
SBT bags biofuel supply contract in Andhra Pradesh, India

HYDERABAD, INDIA: Southern Online Bio Technologies Ltd (SBT) said that it has received orders to supply biodiesel in Andhra Pradesh, India and constru ...

Read more
Westlake to expand ethylene capacity at Calvert City, US

HOUSTON, US: Westlake Chemical Partners LP said that it has approved plans to expand ethylene capacity at the Calvert City, Kentucky facility owned by ...

Read more
A nanoscale look at why a new alloy is amazingly tough

BERKELEY, US: Just in time for the icy grip of winter: A team of researchers led by scientists from the Berkeley Lab has identified several mechanisms ...

Read more
How to train your bacterium

BERKELEY, US: Trainers of dogs, horses and other animal performers take note: a bacterium named Moorella thermoacetica has been induced to perform onl ...

Read more
www.worldofchemicals.com uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X