Introduction to Feed Phosphate Market
Phosphates are derived from phosphate rock and is considered as an essential nutrient for various functions ensuring optimal growth, aiding bone development, repair, lactation and reproduction. These products are incorporated into the diets of animals and are mixed with commercial animal food such as fodder and other premixes for the effective results. These products promote better health and prevents diseases including rickets during the poultry production.
Such products contain high content of calcium and phosphorous which is highly recommended for proper growth and maintenance of livestock. Additionally, the product improves the nutritional quality and enhances the digestion of livestock, thereby augmenting feed phosphate demand. Phosphoric acid and phosphate rock are used in the production of feed phosphates. The lack of phosphorus in animal’s diet can lead to poor feed conversion, reduced growth rate of milk production, bone malformation and the threat of causing rickets. Substantial supply of phosphorous is essential for conducting necessary body function in animals. For instance, lactating dairy cows require a minimum of 71g of phosphorous in their daily diet during the growth or pregnancy.
Calcium and phosphorous supplementation are necessary mainly in the diets of poultry and swine as common animal food ingredient contains low concentrations of calcium. A typical corn-soybean meal contributes to about 16 percent of the total calcium for growing pigs. Feed phosphates acts as substitutes or additives, thereby providing supportive functions including development of skeletal tissues, protein synthesis, energy utilization and transfer, along with maintenance of osmotic pressure and acid base balance. All these superior properties are expected to stimulate the global market size. Other varieties of feed phosphates include mono-dicalcium phosphate, tricalcium phosphate, and defluorinated phosphate.
Market Size and Forecast
The market is observing vibrant growth on account of rise in consumer demand for quality meat and meat products owing to changing lifestyle patterns and increasing disposable income. Further, the factors triggering the monocalcium phosphate market includes increasing demand for the supplement diet, wide applications such as in bakery products, agriculture, increasing demand for the canned food. Furthermore, the health benefits of monocalcium phosphates attract huge customer base and its recognition by the Food and Drug Administration as the safe additive allows the manufacturers to consume it in the industrial processes thus favoring the monocalcium phosphate market growth. The market is driven by the rising consumption of meat and dairy products and a high threat of diseases in livestock.
The global feed phosphate market is anticipated to record a CAGR of around 4.10% over the forecast period i.e. 2019-2027. The market is segmented by type into monocalcium phosphate, dicalcium phosphate and others, out of which, the monocalcium phosphate is expected to expand stupendously during the forecast period.
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Growth Factors
Increased Meat Consumption and Development of Livestock
The global feed phosphate market is growing with a constant increase in demand for meat and meat products. It helps animals in weight-gain during their growth stages. Feed phosphate, with its diversified applications, satisfies the need of population by feeding animals with best input for their nourishment.
Industrialization of Pork and Poultry Businesses
Industrialization has led to developmental changes in terms of large production units, which are manufacturing in large quantities and offering the products at a lower cost by enhancing the quality and consistency. Industrialization in pork and poultry meat production is leading to rapid growth in this sector as the main players are breeding the livestock by nurturing them with adequate nutrition with a rich diet, thus resulting in rise in demand for feed phosphate. Rising nutrition necessities for poultry production coupled with favorable government standards will foster the industry growth.
Restraints
High Cost of Phosphates and Increased Use of Phytase
The high cost of phosphate salts, such as monocalcium and dicalcium phosphates, has led to the increase in the usage of substitutes such as phytase, which is lower in cost and can be used as a means of controlling the overall feed cost. Apart from being comparatively cost-effective, the usage of phytase in feed has many advantages and fulfils various functionalities of feed phosphates, such as enhancing digestive processes, improving bone health, accentuating body weight, and breaking down indigestible phytic acid (found in grains and oilseeds), thus aiding the release of digestible phosphorus, calcium, and other nutrients that help the growth of animals. Further, phytase promotes higher feed intake when compared to feed phosphates, which help in the physical development of animals, leading to better performance. Lack of awareness in developing countries, instability in pricing of phosphate, and an increased usage of substitutes are major restraints for the growth of this market.
Market Segmentation
Our-in depth analysis of the global feed phosphate market includes the following segments:
By Type
- Monocalcium Phosphate
- Dicalcium Phosphate
- Others
By Application
- Livestock
- Poultry
- Aquaculture
- Others
By Region
On the basis of regional analysis, the global feed phosphate market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
North America feed phosphate market driven by the U.S and Canada is projected to have the largest share owing to rising demand for more convenience and processed foods which are mainly meat based including beef and pork. Asia Pacific is anticipated to have a significant growth on the back of increasing healthcare expenditure and nutritional supplement. Meat consumption is highly linked to higher incomes and as a shift, the food consumption of animal protein sources is likely to increase. Expanding GDP and rising disposable income strengthening the purchasing power of people resulting into higher preferences for pork, poultry and beef products in their daily lives.
The global feed phosphate market is further classified on the basis of region as follows:
- North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis
Key Players
- The Mosaic Company
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- Eurochem
- OCP Group
- Fosfitalia Group
- Elixir
- Yara International
- Reanjoy
- Phosagro
- Potashcorp
- Wengfu
- Malaysian Phosphate Additives
- Lifosa
