| Product Code: ETC4597105 | Publication Date: Jul 2023 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India feed pigment market import shipments witnessed a robust CAGR from 2020 to 2024. The growth rate between 2023 and 2024 showed a slightly slower but still healthy pace. Overall, the market expanded steadily with positive momentum over the period, indicating a growing demand for feed pigments in India.
The feed pigment market in India plays a critical role in enhancing the coloration and appearance of animal products, such as egg yolks and skin color in poultry. As consumer preferences evolve, there is an increasing demand for animal products with vibrant colors, which is driving the use of feed pigments. This market is likely to continue growing as the livestock and poultry industries in India adapt to meet consumer demands for visually appealing products.
The India feed pigment market is witnessing substantial growth, primarily driven by the increasing awareness of the importance of animal nutrition in improving the quality of animal products. Feed pigments, such as carotenoids, are essential for enhancing the color and appearance of animal products like poultry meat and egg yolks. As consumers become more discerning about the visual attributes of food products, there is a growing demand for feed pigments to ensure that animal products meet aesthetic expectations. Additionally, the intensification of animal farming practices in India, including the poultry and aquaculture industries, has created a need for standardized and controlled feed formulations that include pigments. Moreover, advancements in animal nutrition science have emphasized the role of feed pigments in promoting the visual appeal of animal products, thereby driving their adoption in the India livestock and poultry industry.
The India feed pigment market faces notable challenges, particularly in the poultry and aquaculture sectors. One of the key issues is the fluctuating costs of natural pigments, such as those derived from marigold flowers or spirulina, which are essential for achieving desirable pigmentation in animal products. Climate changes, seasonal variations, and supply chain disruptions can impact the availability and affordability of these natural sources. Moreover, the regulatory landscape concerning the use of synthetic pigments in animal feed is evolving, requiring feed producers to adapt to changing norms and regulations while maintaining product quality and consistency.
The feed pigment market saw fluctuations in demand due to changing consumer preferences and economic uncertainties. Producers continued to explore natural pigment alternatives for animal feed.
In the India feed pigment market, major players include Kemin Industries, Royal DSM, and Novus International. These companies offer feed pigments that enhance the coloration and visual appeal of animal products.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Feed Pigment Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Feed Pigment Market Revenues & Volume, 2021 & 2031F |
3.3 India Feed Pigment Market - Industry Life Cycle |
3.4 India Feed Pigment Market - Porter's Five Forces |
3.5 India Feed Pigment Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Feed Pigment Market Revenues & Volume Share, By Carotenoids Source, 2021 & 2031F |
3.7 India Feed Pigment Market Revenues & Volume Share, By Livestock, 2021 & 2031F |
4 India Feed Pigment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for high-quality animal feed to improve livestock health and productivity |
4.2.2 Growth in the livestock industry in India due to rising population and income levels |
4.2.3 Government initiatives to promote animal husbandry and agriculture sector |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting production costs |
4.3.2 Stringent regulations on the use of feed additives in animal feed industry |
4.3.3 Competition from alternative feed additives such as enzymes and probiotics |
5 India Feed Pigment Market Trends |
6 India Feed Pigment Market, By Types |
6.1 India Feed Pigment Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Feed Pigment Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 India Feed Pigment Market Revenues & Volume, By Carotenoids, 2021-2031F |
6.1.4 India Feed Pigment Market Revenues & Volume, By Curcumin, 2021-2031F |
6.1.5 India Feed Pigment Market Revenues & Volume, By Caramel, 2021-2031F |
6.1.6 India Feed Pigment Market Revenues & Volume, By Spirulina & Others, 2021-2031F |
6.2 India Feed Pigment Market, By Carotenoids Source |
6.2.1 Overview and Analysis |
6.2.2 India Feed Pigment Market Revenues & Volume, By Natural & Synthetic, 2021-2031F |
6.3 India Feed Pigment Market, By Livestock |
6.3.1 Overview and Analysis |
6.3.2 India Feed Pigment Market Revenues & Volume, By Swine, 2021-2031F |
6.3.3 India Feed Pigment Market Revenues & Volume, By Cattle, 2021-2031F |
6.3.4 India Feed Pigment Market Revenues & Volume, By Poultry, 2021-2031F |
6.3.5 India Feed Pigment Market Revenues & Volume, By Aquatic Animals & Others, 2021-2031F |
7 India Feed Pigment Market Import-Export Trade Statistics |
7.1 India Feed Pigment Market Export to Major Countries |
7.2 India Feed Pigment Market Imports from Major Countries |
8 India Feed Pigment Market Key Performance Indicators |
8.1 Average selling price of feed pigments in the market |
8.2 Adoption rate of feed pigments by livestock farmers |
8.3 Number of new product launches and innovations in the feed pigment market |
8.4 Research and development investments in feed pigment technology |
8.5 Consumer perception and awareness of the benefits of using feed pigments in animal feed |
9 India Feed Pigment Market - Opportunity Assessment |
9.1 India Feed Pigment Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Feed Pigment Market Opportunity Assessment, By Carotenoids Source, 2021 & 2031F |
9.3 India Feed Pigment Market Opportunity Assessment, By Livestock, 2021 & 2031F |
10 India Feed Pigment Market - Competitive Landscape |
10.1 India Feed Pigment Market Revenue Share, By Companies, 2024 |
10.2 India Feed Pigment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |