Feed Phosphate Market Size, Industry Analysis Report, Regional Outlook (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024
Report ID: GMI1349
Feed Phosphate Market size may register significant gains over the projected timeframe owing to rise in animal food products consumption. Shift in dietary pattern along with rise in poultry and pork industries should favor product demand.
Phosphate is manufactured from a mixture of calcium carbonate or calcium sulphate and phosphoric acid. Adequate amount of phosphorus from feed phosphate helps in animal growth in several life cycle stages and improves livestock health by adding nutrients. It helps in developing animal fertility and calcium source in fodder aids bone growth.
Globalization along with change in food habits pertaining to meat and processed food consumption should drive feed phosphate market size. The U.S. poultry meat consumption was over 17 million tons in 2015 and is poised to reach over 19 million tons by 2024, thereby enhancing animal breeding and livestock growth.
Feed phosphate enhances meat product quality, improves nutritional quality and eases food digestibility. They are used in meat and meat products owing to properties for increasing yield by raising pH of meat proteins. They are mainly alkaline in nature and the USDA has limited the organophosphate amount added to meat system not more than 8 ounces per 100 pounds.
Feed phosphate market from swine may witness gains over the foreseeable timeframe. Increase in pork consumption along with rise in healthy swine food may drive industry growth. Rising pig population in everyday diet mainly in China may drive product demand. As per FAO, global pig population in China accounted for over 50% in 2015. Phosphorus is majorly used for optimizing pig growth and supporting longevity & sow performance.
Global cattle feed market may witness gains at over 2.5% owing to small scale farms mainly in Brazil, India and China may drive industry growth. Rise in beef consumption has led to increase in livestock production to improve food quality. Feed phosphate in cattle improve metabolism, efficiency, and buffer body fluids.
Strong application scope in aquatic farming may drive feed phosphate market size. However, Europe and North America has restricted the usage of phosphate in laundry detergents, as they are present in water which can adversely affect aquatic life by producing excessive phosphorous resulting in death of fish and aquatic plants.
Dicalcium feed phosphate market size may witness steady growth by 2024. Increase in poultry and swine diets has led to rise in animal development in various stages, thereby influencing industry growth. It is produced mainly in North Africa, Russia and China.
Sodium tripolyphosphate (STTP) feed phosphate may witness significant gains over the forecast timeframe. It is used as preservative for seafood, meats, poultry, and animal food and tender meat in canned ham.
North America, driven by Canada and the U.S. feed phosphate market size, may witness significant gains over the forecast timeframe. Strict government regulations related to animal husbandry is likely to influence regional growth. Strong application scope in poultry and dairy sectors may drive industry growth.
Asia Pacific, led by India, Japan, and China feed phosphate market size may witness gains due to rise in disposable income along with increase in pork and poultry industries. China is the largest consumer and accounted for over 35% of the total production in 2015. Rise in R&D spending along with technological advancement may favor regional industry growth.
Europe, driven by France, Spain, and Germany feed phosphate market size, may show a significant growth owing to increasing dairy and meat products demand along with change in dietary consumption. Regulatory bodies such as European Feed Manufacturers Federation (EFMF), European Food Safety Authority (EFSA) and European Chemical Industry Council (ECIC) check animal food contents and quality and mandates strong regulation in the market.
Phosphate rock or phosphorite, and sulfuric acid are ley raw materials used for production process. Sudden increase or decrease in raw material costs may fuel production cost and widen demand supply gap. These factors may hinder industry profitability and affect feed phosphate market price trend.
High product cost and increase in substitute product such as phytase may hinder overall productivity. Stringent government guidelines pertaining to animal farming may have an adverse effect on feed phosphate market size.
Global feed phosphate market share is competitive and moderately consolidated. Key market players include The Mosaic Company, PhosAgro, EuroChem, EcoPhos S.A. and Yara International ASA. Other prominent companies include Wengfu Group, OCP Group, Timab Industries, Fosfitalia and Potash Corp.
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