Feed Phosphate Market Key Players Forecast to 2028
The global feed phosphate market was valued at USD 2.54 billion in 2021 and is predicted to reach 2.96 billion in 2028 recording a CAGR of 3.4% during the forecast period 2022-2028. Feed phosphates are added to the diets of livestock such as poultry, swine, cattle, and aquatic animals as a supplement. They aid in rapid growth, especially weight gain, in animals. Feed phosphates improve the nutritional value of feed and the quality of meat and dairy products. Consumer-driven good changes in livestock products, such as optimal softness in meat, high selenium content in eggs, and high calcium content in milk, are examples of consumer-driven beneficial modifications brought about by the addition of feed phosphates. Dicalcium phosphate (DCP) and monocalcium phosphate (MCP) are the most commonly used feed phosphates, accounting for the bulk of the market. Mono-dicalcium phosphate, tricalcium phosphate, and defluorinated phosphate are examples of other feed phosphates.
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With a growing population and a wide range of dietary tastes, demand for high-quality meat products is always increasing. Livestock raising has increased as a result of the steady increase in demand for meat products, and with it, the demand for animal feed has increased. According to the United States' Food and Agricultural Organization, the number of important livestock has been steadily increasing since 1998. The recent trend of growing demand for high-quality meat products has increased feed phosphate need even further. The adequate nutrition of animals is necessary for them to generate high-quality meat products, which will increase demand for feed phosphate. Apart from culinary preferences, the dairy and natural animal-derived fibre industries rely heavily on the appropriate development of animals in order to produce a high-quality product. As a result, feed phosphate is crucial in the dairy and natural fibre industries. Moreover, rising demand, combined with limited phosphorous mineral supply, has led manufacturers to experiment with different methods to reduce phosphate use, such as incorporating phytase into the feed in conjunction with plant-based phosphorous sources, which could act as a stifling factor for inorganic phosphate supplies and, as a result, the feed phosphate market.
The global feed phosphate market segmentation:
- By Phosphate Type: Mono-dicalcium phosphate, Dicalcium phosphate, Monocalcium phosphate, Deflourinated phosphate, Tricalcium phosphate, Others
- By species: Ruminants, Cattle, Swine, Aquaculture, Poultry, Equine, Others
According to estimates, the European market is the largest. The demand for feed phosphates in the region is driven by the fact that it is a significant livestock producer. Meat is one of the most important sectors of the European agriculture industry. The EU's policies encourage animal producers to utilise healthy, nutrient-rich feed additives while also balancing their production's environmental impact, resulting in the growth of the feed phosphates market.
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Some of the major key players in the Feed phosphate Market are The Mosaic Company (U.S.) EcoPhos (Belgium) Phosphea (Roullier) (France) Eurochem Ltd. (Russia) PhosAgro (Russia) S.A. OCP (Morocco) Potash Corp. (Canada) Sichuan Lomon Corporation (China) Yara International ASA (Norway)
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