Market Overview:
The Feed Phosphate market was estimated to be USD 2.4 billion in 2021 and is forecasted to reach USD 3.24 billion by 2028, growing at a CAGR of 4.36%.
Phosphorous is one of the essential elements required to maintain the animal health. However, most of the phosphorous is not absorbed by the animals, hence a phosphate feed is required to provide enough nutrition. Feed phosphates are inorganic salts of phosphoric acid and are further used to meet the phosphorus requirements of an animal diet to boost performance, fertility, ensure optimal growth, and bone development. Feed phosphates prevents several diseased in animals and improves the laying capacity, and it thus used widely in animal feed applications. The major types of feed phosphates are dicalcium phosphate (DCP) and monocalcium phosphate (MCP), which holds largest share in the feed phosphate market. Various other feed phosphates that are essential for animal health are mono-dicalcium phosphate, tricalcium phosphate, and defluorinated phosphate. The growing demand for phosphates from the animal feed industry due to their ability to provide palatability and improve fertility in the animals will fuel the market growth
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Major Key Players for Feed Phosphate Market:
- The Mosaic Company (US)
- Phosphea (France)
- Nutrien Ltd. (Canada)
- OCP Group (Morocco)
- Yara International ASA (Norway)
- EuroChem Group AG (Switzerland)
- PhosAgro (Russia)
- Ecophos Group (Belgium)
- Fosfitalia Group (Italy) and other major players.
Market Dynamics and Factors:
Supplements for the diets of livestock, such as swine, poultry, cattle, and aquatic animals are basically prepared from feed phosphate. Feed phosphates are essential in encouraging faster growth, including weight gain. Feed phosphates enhances the quality of meat and dairy as well as optimize the nutritional value of feed. Meat vendors, retailers, wholesalers, and ultimately livestock growers suffer with financial crisis, due to the culling of disease-affected animals, which later lead to a drop-in animal productivity. The utilization of feed phosphates in such similar cases proved to be an effective medium to reduce outbreaks by improving animal health. However, diversions in the utilization and consumption of feed phosphates due to the rise of substitutes, such as phytase, are estimated to disrupt the market growth during the forthcoming years.
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Feed Phosphate Market Report Highlight:
- By type, the monocalcium phosphate segment holds the largest share of the feed phosphate market and is expected to witness a huge growth. This is attributed to the rising number of animal health diseases due to phosphate and calcium deficiency.
- By form, the powder segment dominates the market growth of feed phosphate over the projected period. Owing to the easy and convenient use, as well as supplying enough nutrition to the animals, this segment is expected to continue its dominance.
- By application, poultry is the most dominating segment. This is due to rising poultry production and consumption and demand for high quality meat.
Key Industry Development:
- In July 15, 2021, Danisco Animal Nutrition, a business unit of IFF’s Health & Biosciences division declared the launch expansion of the industry-leading novel phytase enzyme, Axtra® PHY GOLD in Thailand, Malaysia, and Australia. Axtra® PHY GOLD is the most bio efficacious phytase currently available in the market, that helps to improve sustainability while delivering greater feed cost savings to producers.
- In Feb, 2022, Novozymes and DSM launches new phytase that targets monogastric and aquaculture production and which will improve thermostability and increase efficiency.
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Feed Phosphate Market Segmentation:
By Type
- Monocalcium Phosphate (Mcp)
- Dicalcium Phosphate (Dcp)
- Tricalcium Phosphate (Tcp)
- Mono Dicalcium Phosphate (Mdcp)
- Monosodium Phosphate (Msp)
By Form
- Powder
- Granule
By Application
- Swine
- Poultry
- Ruminants
- Aquaculture
For this report, Introspective Market Research has segmented the Feed Phosphate Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2022-2028)
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Turkey
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Vietnam
- Thailand
- Rest of Asia-Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Iran
- Rest of MEA
- Latin America
- Brazil
- Argentina
- Rest of LATAM
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Scope of the Report:
The objective of the research is to provide the market knowledge and strategic insights to assist decision-makers in making informed investment decisions and identifying potential gaps and growth opportunities. Historical revenue and sales volume are reported, and additional data is triangulated using top-down and bottom-up methodologies to predict forecast numbers for important regions covered in the research, as well as classified and well-known Types and end-use industries. Feed Phosphate Market study explores the competitive landscape of the global market. In addition to rival market share research, in-depth profiling, product/service, and business overviews, the study focuses on BCG matrix, heat map analysis, and SWOT analysis to better correlate market competitiveness. Five forces analysis, Ansoff matrix, PESTEL analysis, and value chain analysis are used to better understand market conditions.
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