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.
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