Animal Disease Outbreak to Alleviate the Demand for Feed Pigment Market

Feed pigments are usually used to intensify animal feed's nutritional value and appearance. Amidst all the feed pigments, carotenoids are significant and dominate the feed pigments. Animals are at a loss to consolidate carotenoids and depend on diets for these compounds. Carotenoids have nutritional advantages and revive the production of white blood cells that assist decide the overall immune status. They are known to play the part of antioxidants that can cure skin diseases, allergies, eye disorders, immune disorders, and cardiovascular diseases prevailing in animals.

The global feed pigment market size & share was valued at USD 887.52 million in 2021 and is expected to grow at a CAGR of 2.6% during the forecast period.

There is an increase in demand for feed pigment because of intensification in the appearance and quality of meat-related products utilized in poultry feeds to enhance broiler skin pigmentation and egg yolk to make livestock wholesome. Additionally, feed pigments that are high quality assist in purifying the commercial value of filtering products, and growth in meat consumption are some of the features that can boost demand for feed pigments over the forecast period.

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Biotechnology can be increasingly used for the activity and metabolism of gut microorganisms and is crucial for animal health and growth. It can be carried out in three different ways. Firstly, the initiation of biotechnology products enhances the gut ecosystem and encourages the development of beneficial bacteria. The second is to genetically modify microorganisms natively present in the guts to improve the defined capacity of functions. The third way is to initiate new strains or species of microbes into the gut.

The covid-19 pandemic has harmed several countries due to travel bans, lockdowns, and business closures. Market competition and supplier power escalate when companies in the feed pigment industry hoard raw resources. Consumers are expected to lean towards plant-based alternatives as there is a rise in cattle disease frequency and covid-19 behavioral elements become more widespread.

Key players

The feed pigment market consists of a network of players included in research and product development, component manufacturing, supply of raw material, distribution and sale, and post-sale service. Key players considered in the analysis of the feed pigment market are BASF SE (Germany), Royal DSM NV (Netherlands), Kemin Industries, Inc. (US), Novus International, Inc. (US), Guangzhou Leader Bio-Technology Co., Ltd. (China), D.D. Williamson & Co., Inc. (DDW) (US), Nutrex NV (Belgium), Behn Meyer Group (Malaysia), Vitafor NV (Belgium), and Innovad AD NV/SA (Belgium).

Recent developments

In March 2019, Kemin industries declared to expand its manufacturing facility in India to serve better the growing demand for exclusive nutritional components that point towards the region's speedily growing animal protein industry.?