According to the research report titled, ‘Global Feed Pigment Market Size study, by Pigment Type (Curcumin, Caramel, Carotenoids, Spirulina and Others), by Livestock (Aquatic Animals, Cattle, Poultry, Swine and Others), by Source (Synthetic Pigments and Natural Pigments), and Regional Forecasts 2021-2027,’ available with MarketStudyReport, global feed pigment market to amass notable gains during 2021-2027.
 

Increasing meat consumption, rising cognizance regarding the health benefits offered by feed pigments to animals such as high immunity and improved reproductive system strengthening, and rapid developments in poultry space are propelling the growth of global feed pigment market. As per Statista, poultry meat consumption in India climbed from 3737 thousand metric tons in 2019 to 3955 thousand metric tons in 2020, reaching at least 4107 thousand metric tons by 2021.
 

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For the unversed, feed pigments are basically synthetic or natural carotenoids which are extracted from a vegetable source and are mixed with favorable carrier to improve standardized pigment activity in feed products.
 

In addition, surging inclination towards pellet feed consumption along with growing research and development activities in the field augmenting industry outlook. On the contrary, increasing raw material prices and rigid government regulations are likely to impede marketplace progression in the ensuing years.
 

By pigment type, global feed pigment market is split into cattle, swine, poultry, aquatic animals, and others. In terms of source, the industry vertical is bifurcated into synthetic pigments and natural pigments.
 

Regionally speaking, North America, Asia Pacific, Europe, and Latin America are considered to understand the dynamics of this business sphere. Asia Pacific holds accounts for the largest revenue share in the overall market and is anticipated to amplify considerably during 2021-2027. This is accreditable to escalating demand for meat and surging preference for better health of livestock.
 

Vitafor N.V., Kalsec Inc., Novus International Inc., Kemin Industries Inc., BASF SE, Koninklijke DSM N.V., DD Williamson & Co. Inc., B&E Biotechnology Co. Ltd., Cargill Inc., and Nutreco N.V. are the major players defining the competitive hierarchy of global feed pigment market.
 

These companies are adopting effective strategies including mergers & acquisitions, innovative product launches, collaborative deals, partnerships, and R&D investments to strengthen their position in the overall market.