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Feed Pigments Market Size

The feed pigments market is projected to experience growth over the forecast period, driven by increasing awareness of the benefits of feed additives, a rising livestock population, and expanded commercial farming for meat and dairy products. The market's expansion is particularly notable in the Asia-Pacific region, which holds a significant share due to higher penetration rates and animal populations. Carotenoids, curcumin, and spirulina are the leading segments within the market, with carotenoids being the most consumed feed pigment. Despite the higher costs limiting their utilization, feed pigments enhance the market value of animal products by improving color and health benefits.

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Market Size of feed pigments Industry

Feed Pigments Market Summary
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svg icon Study Period 2017 - 2029
svg icon Market Size (2024) USD 1.12 Billion
svg icon Market Size (2029) USD 1.40 Billion
svg icon Largest Share by Sub Additive Carotenoids
svg icon CAGR (2024 - 2029) 4.59 %
svg icon Largest Share by Region Asia-Pacific
svg icon Market Concentration Low

Major Players
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*Disclaimer: Major Players sorted in no particular order

Key Players

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Feed Pigments Market Analysis

The Feed Pigments Market size is estimated at 1.12 billion USD in 2024, and is expected to reach 1.40 billion USD by 2029, growing at a CAGR of 4.59% during the forecast period (2024-2029).

1.12 Billion

Market Size in 2024 (USD)

1.40 Billion

Market Size in 2029 (USD)

4.96 %

CAGR (2017-2023)

4.59 %

CAGR (2024-2029)

Largest Market by Sub-Additive

51.18 %

value share, Carotenoids, 2023

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Carotenoids are the market's largest sub-additive segment because they act as antioxidants that protect animals from disease and enhance your immune system.

Largest Market by Region

31.52 %

value share, Asia-Pacific, 2023

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The highest share of Asia-Pacific in the market was due to the higher adoption rates of feed additives, including pigments, and the higher demand for high-protein eggs.

Fastest-growing Market by Sub-Additive

4.85 %

Projected CAGR, Carotenoids, 2024-2029

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It is used to pigment eggs, increase chicken skin color, and increase nutritional value. Therefore, Carotenoids are the fastest-growing segment in the market.

Fastest-growing Market by Region

5.29 %

Projected CAGR, North America, 2024-2029

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The growing demand for healthy feed and growing demand for dark colored yellow poultry eggs are the factors anticipated to be North America to be fastest growing region.

Leading Market Player

13.42 %

market share, DSM Nutritional Products AG, 2022

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DSM is the market leader as it established a new manufacturing plant in India and Austria and has partnerships with players such as CPF and Elanco Animal Health Inc.

  • Feed pigments play a vital role in improving palatability, enhancing organoleptic features, and providing health benefits to animals. Feed pigments accounted for 3.1% of the global feed additives market in 2022. They are crucial in maintaining the health of all animals.
  • The Asia-Pacific region accounted for the largest share of the feed pigments market in 2022. The region accounted for 31.5% of the global market in 2022. Asia-Pacific was followed by North America and Europe, which accounted for shares of 25.4% and 23.6%, respectively, of the global market. The Asia-Pacific region held a larger share due to the deeper penetration rates of additives and a higher animal population.
  • Carotenoid is the largest feed pigment consumed by animals. It accounted for a market value of USD 0.52 billion in 2022, followed by curcumin and spirulina. Carotenoid acts as an antioxidant that can protect animals from various diseases and enhance their immune systems.
  • The poultry segment was the largest consumer of feed pigments. It accounted for 65.1% of the global feed pigments market in 2022 due to the importance of pigments in the growth and productivity of poultry birds.
  • During the forecast period, the curcumin and spirulina segment is expected to register a CAGR of 4.3%. They improve enzyme activities, animal performance, egg quality, and the anti-oxidative state of animals. Pigment-based diets containing curcumin can significantly improve weight gain, production performance, metabolism, and immunity among lambs.
  • Increasing awareness about the beneficial usage of feed additives, the rise in livestock population, and the increase in commercial farming for meat and dairy products are expected to drive the global feed pigments market. The market is expected to record a CAGR of 4.6% during the forecast period.
Global Feed Pigments Market
  • The global feed additives market witnessed a low utilization of pigments as feed additives in 2022. This was primarily due to the higher cost of pigments, which made it an expensive option for commercial animal cultivators. However, pigments are known to enhance the market value of meat and other animal products by improving their color. The pigments segment accounted for 3.1% of the global feed additive market in 2022.​
  • Among the types of pigments, carotenoids and curcumin and spirulina emerged as the most prominent segments, accounting for shares of 51.1% and 48.9%, respectively, in the global pigments market by value. Both these segments are expected to grow rapidly during the forecast period, with CAGRs of 4.8% and 4.3%, respectively.​
  • Asia-Pacific was the largest regional segment for the global feed pigments market in 2022, accounting for a share of USD 0.3 billion. The higher penetration rate and the higher feed production volume, which amounted to around 0.5 billion metric tons, were the key drivers for the region's growth. Meanwhile, the United States emerged as the largest country-wise market in the world for feed pigments, accounting for 17.8% of the global market's share in 2022, worth almost USD 0.18 billion. China and Brazil followed the United States, accounting for shares of 13.7% and 7%, respectively, due to their high compound feed production volume.​
  • Thailand is the fastest-growing country in the global feed pigments market, and it is expected to record a CAGR of 5.9% during the forecast period. The increased usage of curcumin for its natural antibiotic properties and spirulina for enhancing protein production is expected to drive the global feed pigments market with a CAGR of 4.6% during the forecast period.​

Feed Pigments Industry Segmentation

Carotenoids, Curcumin & Spirulina are covered as segments by Sub Additive. Aquaculture, Poultry, Ruminants, Swine are covered as segments by Animal. Africa, Asia-Pacific, Europe, Middle East, North America, South America are covered as segments by Region.

  • Feed pigments play a vital role in improving palatability, enhancing organoleptic features, and providing health benefits to animals. Feed pigments accounted for 3.1% of the global feed additives market in 2022. They are crucial in maintaining the health of all animals.
  • The Asia-Pacific region accounted for the largest share of the feed pigments market in 2022. The region accounted for 31.5% of the global market in 2022. Asia-Pacific was followed by North America and Europe, which accounted for shares of 25.4% and 23.6%, respectively, of the global market. The Asia-Pacific region held a larger share due to the deeper penetration rates of additives and a higher animal population.
  • Carotenoid is the largest feed pigment consumed by animals. It accounted for a market value of USD 0.52 billion in 2022, followed by curcumin and spirulina. Carotenoid acts as an antioxidant that can protect animals from various diseases and enhance their immune systems.
  • The poultry segment was the largest consumer of feed pigments. It accounted for 65.1% of the global feed pigments market in 2022 due to the importance of pigments in the growth and productivity of poultry birds.
  • During the forecast period, the curcumin and spirulina segment is expected to register a CAGR of 4.3%. They improve enzyme activities, animal performance, egg quality, and the anti-oxidative state of animals. Pigment-based diets containing curcumin can significantly improve weight gain, production performance, metabolism, and immunity among lambs.
  • Increasing awareness about the beneficial usage of feed additives, the rise in livestock population, and the increase in commercial farming for meat and dairy products are expected to drive the global feed pigments market. The market is expected to record a CAGR of 4.6% during the forecast period.
Sub Additive
Carotenoids
Curcumin & Spirulina
Animal
Aquaculture
By Sub Animal
Fish
Shrimp
Other Aquaculture Species
Poultry
By Sub Animal
Broiler
Layer
Other Poultry Birds
Ruminants
By Sub Animal
Beef Cattle
Dairy Cattle
Other Ruminants
Swine
Other Animals
Region
Africa
By Country
Egypt
Kenya
South Africa
Rest of Africa
Asia-Pacific
By Country
Australia
China
India
Indonesia
Japan
Philippines
South Korea
Thailand
Vietnam
Rest of Asia-Pacific
Europe
By Country
France
Germany
Italy
Netherlands
Russia
Spain
Turkey
United Kingdom
Rest of Europe
Middle East
By Country
Iran
Saudi Arabia
Rest of Middle East
North America
By Country
Canada
Mexico
United States
Rest of North America
South America
By Country
Argentina
Brazil
Chile
Rest of South America
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Feed Pigments Market Size Summary

The Feed Pigments Market is poised for steady growth, driven by the increasing demand for animal health and productivity enhancements. Feed pigments, which are integral to improving the palatability and organoleptic features of animal feed, also offer significant health benefits, making them a crucial component in the global feed additives market. The Asia-Pacific region leads the market, attributed to its high animal population and deeper penetration of additives. Carotenoids, curcumin, and spirulina are the most consumed pigments, with carotenoids being particularly valued for their antioxidant properties. The poultry sector is the largest consumer of these pigments, underscoring their importance in enhancing poultry growth and productivity. The market's expansion is further supported by the rising awareness of the benefits of feed additives, the growth of livestock populations, and the increase in commercial farming for meat and dairy products.

The global feed pigments market is characterized by a fragmented landscape, with major players like BASF SE, Bordas S.A., DSM Nutritional Products AG, Nutrex NV, and Synthite Industries Pvt. Ltd. leading the charge. The market is expected to witness significant growth due to the rising demand for poultry products and the expansion of aquaculture, which is driving the increase in compound feed production. The demand for fish feed, in particular, is on the rise, driven by the need to enhance the performance and productivity of aquatic animals. This trend is supported by increased investments in the poultry and aquaculture industries, particularly in regions like Asia-Pacific and South America, where seafood consumption is high. The ongoing expansion of aquaculture and the focus on feed production are anticipated to further propel the growth of the feed pigments market in the coming years.

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Feed Pigments Market Size - Table of Contents

  1. 1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)

    1. 1.1 Sub Additive

      1. 1.1.1 Carotenoids

      2. 1.1.2 Curcumin & Spirulina

    2. 1.2 Animal

      1. 1.2.1 Aquaculture

        1. 1.2.1.1 By Sub Animal

          1. 1.2.1.1.1 Fish

          2. 1.2.1.1.2 Shrimp

          3. 1.2.1.1.3 Other Aquaculture Species

      2. 1.2.2 Poultry

        1. 1.2.2.1 By Sub Animal

          1. 1.2.2.1.1 Broiler

          2. 1.2.2.1.2 Layer

          3. 1.2.2.1.3 Other Poultry Birds

      3. 1.2.3 Ruminants

        1. 1.2.3.1 By Sub Animal

          1. 1.2.3.1.1 Beef Cattle

          2. 1.2.3.1.2 Dairy Cattle

          3. 1.2.3.1.3 Other Ruminants

      4. 1.2.4 Swine

      5. 1.2.5 Other Animals

    3. 1.3 Region

      1. 1.3.1 Africa

        1. 1.3.1.1 By Country

          1. 1.3.1.1.1 Egypt

          2. 1.3.1.1.2 Kenya

          3. 1.3.1.1.3 South Africa

          4. 1.3.1.1.4 Rest of Africa

      2. 1.3.2 Asia-Pacific

        1. 1.3.2.1 By Country

          1. 1.3.2.1.1 Australia

          2. 1.3.2.1.2 China

          3. 1.3.2.1.3 India

          4. 1.3.2.1.4 Indonesia

          5. 1.3.2.1.5 Japan

          6. 1.3.2.1.6 Philippines

          7. 1.3.2.1.7 South Korea

          8. 1.3.2.1.8 Thailand

          9. 1.3.2.1.9 Vietnam

          10. 1.3.2.1.10 Rest of Asia-Pacific

      3. 1.3.3 Europe

        1. 1.3.3.1 By Country

          1. 1.3.3.1.1 France

          2. 1.3.3.1.2 Germany

          3. 1.3.3.1.3 Italy

          4. 1.3.3.1.4 Netherlands

          5. 1.3.3.1.5 Russia

          6. 1.3.3.1.6 Spain

          7. 1.3.3.1.7 Turkey

          8. 1.3.3.1.8 United Kingdom

          9. 1.3.3.1.9 Rest of Europe

      4. 1.3.4 Middle East

        1. 1.3.4.1 By Country

          1. 1.3.4.1.1 Iran

          2. 1.3.4.1.2 Saudi Arabia

          3. 1.3.4.1.3 Rest of Middle East

      5. 1.3.5 North America

        1. 1.3.5.1 By Country

          1. 1.3.5.1.1 Canada

          2. 1.3.5.1.2 Mexico

          3. 1.3.5.1.3 United States

          4. 1.3.5.1.4 Rest of North America

      6. 1.3.6 South America

        1. 1.3.6.1 By Country

          1. 1.3.6.1.1 Argentina

          2. 1.3.6.1.2 Brazil

          3. 1.3.6.1.3 Chile

          4. 1.3.6.1.4 Rest of South America

Feed Pigments Market Size FAQs

The Global Feed Pigments Market size is expected to reach USD 1.12 billion in 2024 and grow at a CAGR of 4.59% to reach USD 1.40 billion by 2029.

In 2024, the Global Feed Pigments Market size is expected to reach USD 1.12 billion.

Feed Pigment Market Report Snapshots

Feed Pigments Market SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS UP TO 2029