Feed Pigment Market worth $2,762.8 Million by 2018
DALLAS, May 1, 2014 /PRNewswire/ --
The report "Feed Pigment Market by Type (Carotenoids, Curcumin, Caramel, Spirulina & Others), by Livestock (Swine, Cattle, Poultry, Aquatic Animals & Others), by Geography - Global Trends & Forecasts to 2018", defines and segments the global Feed Pigment Market with analysis and projection of the market size in terms of value. It also identifies the driving and restraining factors in the global market with analysis of trends, opportunities, burning issues, and winning imperatives.
Browse 79 market data tables and 20 figures spread through 153 pages and in-depth TOC on "Feed Pigment Market - Global Trends & Forecasts to 2018".
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The market is segmented and its value is projected on the basis of the main regions such as North America, Europe, Asia-Pacific, and Rest of the World (ROW). The key countries of each region are covered and their market is projected. The market is segmented and its size in terms of value is projected on the basis of type, livestock, and geography.
Feed Pigments are coloring supplements which are added to the feed of animals. Besides their primary function, they are used for various purposes such as to enhance the palatability, and provide added health benefits. Thus, Feed Pigments are added so as to result in healthy livestock that are bred for their meat and other products. The important Feed Pigments discussed are carotenoids, curcumin, caramel, and spirulina. These Feed Pigments are supplemented with the feed in varying quantities, depending on the animal's nutritive needs.
The demand driving factors of the Feed Pigment Market are the industrialization in pork and poultry meat production, increasing meat consumption, and awareness of the benefits of proper diet for animals. Crucial restraints of the industry are the increasing cost of raw materials and niche market of Feed Pigment. However, the increasing use of feed products is creating opportunities for the Feed Pigment. The manufacturers are developing innovative production techniques to increase production capacity and make it cost-efficient.
The global market for Feed Pigments, in terms of value, was estimated to grow to value of $2,762.8 Million by 2018 from $2,359.6 Million in 2013, at a CAGR of 3.2%. Leading manufacturers are focusing on expansion of their Feed Pigment business across regions and setting up new plants, so as to increase the production capacity as well as strengthen their product line. Prominent industry participants are involved in expansion as a strategy to access the untapped markets.
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