Research and Markets: Feed Pigments Market – Estimated to Be Valued at $946.1 Million in 2015
By Business Wire News
By Business Wire News
Research and Markets (http://www.researchandmarkets.com/research/7ssm8l/feed_pigment) has announced the addition of the “Feed Pigment Market – Global Trends & Forecasts to 2020” report to their offering.
The feed pigments market is projected to grow at a CAGR of 3.2% from 2015 to reach a projected value of USD 1.07 Billion by 2020. The market growth is driven by growing customer demand for meat products and rising awareness about health benefits of carotenoids for animals among the livestock growers.
The market is further driven by factors such as growing industrialization of pork, aquaculture, and poultry business and acknowledgment of the importance of feed pigments in fish farming.
Europe accounted for the largest market share in 2014 for feed pigments, followed by Asia-Pacific and North America. France and Germany constituted the largest country markets in the European region in 2014. Increasing awareness about the benefits of feed pigments is leading to the growth in this region.
Also, adding feed pigments is an economical option which has led to increased sales of meat products in the European market. The Asia-Pacific region is projected to be the fastest-growing market with investments from several multinational manufacturers, especially in countries such as China, India, and Japan.
Stringent regulatory clauses for feed additives and increasing cost of raw materials have reduced manufacturer’s efficiency to manage production costs, affecting the final price of feed pigments in the market.
- BASF SE
- Behn Meyer Group
- D.D. Williamson & Co., Inc.
- Guangzhou Leader Bio-Technology Co., Ltd
- Innovad AD NV/SA
- Kemin Industries Inc.
- Novus International, Inc.
- Nutrex NV
- Royal DSM N.V.
- Vitafor NV
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 By Type
8 By Carotenoids Source
9 By Livestock
10 By Region
11 Competitive Landscape
12 Company Profiles
For more information visit http://www.researchandmarkets.com/research/7ssm8l/feed_pigment
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