Feed Pigments Market Analysis

Feed Pigments Market Analysis

Based on type, the market is segmented as carotenoids, curcumin, spirulina, others. Carotenoids held a majority market value of USD 400 million in 2023. Carotenoids, such as beta-carotene and astaxanthin, are well-known for their role in enhancing the color of animal products, including egg yolks, poultry skin, and fish flesh. Moreover, an increasing usage will further accelerate the segmental growth.
 

Based on source, the market is segmented as natural and synthetic. Folding board box held a dominant market share of around 60% in 2023 and is expected to grow at a lucrative pace till 2032. Consumer demand for natural and clean label products drives the use of pigments sourced from fruits, vegetables, and plants. Pigments from natural plant sources are often associated with health benefits due to their presence in nutrient-rich foods. Thus, the aforementioned factors are projected to expedite the feed pigments market growth in the coming years.

Based on livestock the market is segmented as swine, poultry, ruminants, aquatic animals, others. Swine held a dominant market share in 2023 and is anticipated to grow at 6.1% CAGR till 2032. The use of pigments in swine diets is mainly for enhancing the color of pork products, such as pork skin and fat. These visual attributes impact consumer perception and purchasing decisions. Thus, the high-quality services and growing usage of Feed pigments are anticipated to expedite the business growth.

 

Based on application the market is segmented as egg yolk coloration, poultry skin coloration, fish flesh coloration, pet food enhancement, others. Egg Yolk Coloration held a dominant market share in 2023 and is anticipated to grow through 2032. Achieving uniform and vibrant egg yolk color is a primary driver for using pigments, especially carotenoids, in poultry feed.
 

U.S. dominated the North American region with majority market share and a revenue of USD 280 million in 2023 and is anticipated to expand at a significant pace from 2024-2032. North American consumers associate vibrant colors in animal products with freshness, quality, and nutritional value, driving the demand for feed pigments to enhance the color of meat, eggs, and other animal-derived products. Thus, the above-mentioned variables would augment the Feed pigments business growth in North America positively.