HOME Research Insight Market Leader: Feed Pigment Market

Market Leader: Feed Pigment Market

Feed pigmentplays an important role in the feed market. Different innovative technologies are involved in the manufacture of feed pigments. The market of feed pigment is growing by developments in feed grades. The companies are going for innovation and expansionwith a key objective to penetratethe untapped markets. The feed industry of developing countries ofAsia-Pacific is growing,which can lead to increase in demand for feed pigments.

Feed pigmenthas become a nutritional supplement in animal meals. Technological advancements and innovations are continuously happening in the feed pigment sector. These improvements have enabled better and more efficient preparation of feed. Feed pigments includecarotenoids, curcumin, caramel, and spirulina. To fulfill the current market requirements, the feed pigment segment has led to development in product segments.

The Asia-Pacific feed pigment market is developing at thehighest rate. The North American market is estimated to grow at the second-highest growth rate.Companies such as The PHW Group (Germany), Synthite Industries Ltd (India), BASF SE (Germany), Novus International (U.S.) and Royal DSM NV (The Netherlands)are strengthening their feed pigment segment by expanding their business operations. By adopting this strategy, companies are competing with each other and increasing their revenues from the feed pigment sectors.

Through growth strategies such as acquisitions, expansions,investment, the companies are expanding their global presence. The companies operating in this market, such as,BASF SE (Germany) aremultiplying theirbusinesses by going for investments, expansions and establishmentswhich may enhance their penetration in the feed pigment market.

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