Feed phosphate is a necessary element to meet the phosphorus requirements of the animals for the optimal growth, bone development and fertility of animas. The feed phosphate used in animal feeds is originated from the vegetal feed materials to compose these feeds. However, up to 80% of the phosphorus present in vegetal feed materials is in the form of phytate. Moreover, consistent phosphorus availability relies on strict quality control during the manufacturing process.
The feed phosphate market is primarily driven by increasing demand for meat in developed and developing countries and growth in cattle population. Moreover, rising focus on health & nutrition of and rapid industrialization in the meat and dairy industry are factors that anticipated to fuel the feed phosphate market during the projected period. The major factor hindering the growth of the market is the strict government policies & regulation and increasing prices of raw material.
The report analyses the feed phosphate market by type, application, form and geography.
Based on type the feed phosphate market is segmented into defluorinated phosphate, dicalcium phosphate, monocalcium phosphate, mono-dicalcium phosphate, tricalcium phosphate and others. In 2018, the dicalcium phosphate segment accounted for the highest market share in terms of revenue. The production of dicalcium phosphate segment is predicted to boost due to properties such as high digestible phosphorus content and solubility as compared to other types.
Based on application, the feed phosphate market is categorized into poultry, swine, ruminants, aquaculture and others. The swine segment is projected to be the fastest-growing segment in the feed phosphate market. The fastest growth is attributed to increasing demand for meat & meat products and rapid development of the meat production sector.
By form the feed phosphate market is bifurcated into powder or granules. The powder for leads the market owing to its easy availability and ease of handling.
By geography feed phosphate market is studied across the countries of key regions such as, North America, Europe, Asia Pacific, Latin America and MEA. North America accounted for the largest share in the feed phosphate market. Moreover, Asia Pacific is projected to be growing at highest CAGR during the forecast period owing to rapid development in beef and dairy sectors in emerging economies including China, India and Japan and rising population.
Some of the key participants in global feed phosphate market are The Mosaic Company, Nutrien Ltd, S.A OCP, Yara International ASA, EuroChem Group AG, PhosAgro, Ecophos, FOSFITALIA GROUPJ.R. Simplot Company, Sichuan Lomon Titanium Industry Co., Ltd, WengFu Group and Rotem Turkey. Many new players are entering the global feed phosphate market. The key companies have substantial presence in the market due to their strong clientele base. New product development and product innovation are the strategies used by the market players to reinforce the position in the market.
Why to buy this report: