Feed Phosphate Market size to exceed $3bn by 2027
Published Date: October 6, 2021 Authors: Kunal Ahuja, Kritika Mamtani
Feed Phosphate Market size is set to surpass USD 3 billion by 2027, according to a new research report by Global Market Insights, Inc.
Feed phosphates include inorganic compounds of phosphoric acid that are extracted from phosphate rocks. They are essential nutrients which help satisfy the phosphorus requirements of livestock to enhance performance, optimal growth, bone development, and fertility. Phosphate is a widely used nutrient in animal diet, ensuring optimal growth, improving gut functionality, plays a critical role in getting rid of body toxins, manages the pH balance, and is involved in the formation of essential nucleotides. The consumption and use of phosphate in animals depend on various factors such as production levels of poultry, eggs, beef, pork & milk and different nutrient requirements, according to the animal type.
Increasing use of tricalcium phosphate in animal feed owing to its effectiveness as a nutritional supplement will augment market growth
Feed phosphate market from tricalcium should exceed USD 565 million by 2027. Tricalcium phosphate finds extensive usage in feed products on account of its essential role in different body processes such as energy production and bone growth. It also has high effectiveness as a nutritional supplement pertaining to its capability to get readily absorbed in the body, thus augmenting product demand. Tricalcium phosphate has a high biological value and is ideal for use in high nutrient density feeds. The increasing pet healthcare spending along with the rising adoption of pets is driving the pet supplement business, which is forecast to favorably impact the overall market share.
The growing use of tricalcium phosphate in dog feed owing to various benefits, which include healthy skeletal formation, muscle contractions, nerve impulse transmission, and blood clotting, will boost product demand. Tricalcium phosphate improves the supply of calcium and phosphorous to support intermediary metabolism, which in a way influences the growth process, provides essential nutrients, and increases weight. Tricalcium phosphate is widely used in animal mineral supplements pertaining to its ability to balance animal diet by enriching it with calcium and phosphorous, which is likely to boost product demand, in turn, accelerating feed phosphate market forecasts.
Browse key industry insights spread across 200 pages with 175 market data tables and 38 figures & charts from the report, “Feed Phosphate Market Forecasts, By Product (Monocalcium Phosphate, Tricalcium Phosphate, Dicalcium Phosphate, Ammonium Phosphate, Defluorinated Phosphate), By Livestock (Poultry, Cattle, Aquaculture, Swine, Pet), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
Rising product demand from the cattle industry due to its benefits of bone and teeth health will stimulate market expansion
Feed phosphate market from cattle livestock is expected to exceed USD 790 million by 2027. Feed phosphates are used in cattle feed to protect them from sickness & coccidiosis, thus safeguarding the animal from serious health problems. It helps the cattle to attain fast growth and weight gain. Phosphorous is widely used in dairy cows as a key element in energy transfer, to avoid phosphorous deficiency, and an important component for maintaining bone & teeth health, fostering product demand, in turn, stimulating industry statistics.
Increasing demand for dicalcium phosphorous as a mineral supplement for dairy cows will augment market growth. Cattle health problems, such as chronic phosphorous depletion and hypophosphatemia, are treated by providing a sufficient amount of feed with high phosphorous content. Rising demand for cattle feed to improve the nutritional composition of animal diet and reduce the cattle’s nutritional deficiency will trigger product demand and create opportunities for business expansion.
Increasing investments in the poultry and aquaculture industries will drive feed phosphate industry demand in Asia Pacific
Asia Pacific feed phosphate market is slated to exceed USD 1.55 billion by 2027. Increasing demand for high-quality meat products has led to increase in investments in the poultry industry, which will boost product demand. China is likely to witness a high demand for feed phosphate for poultry livestock due to the increasing consumption of meat. Feed phosphate is also anticipated to witness demand from the aquaculture sector due to the rising demand for shrimp, prawn, and tuna fish in Thailand. The increasing penetration of monocalcium phosphate in India to improve the quality of feed and optimize its nutritional value will positively impact the market size.
The feed phosphate market share is significantly competitive and comprises various companies such as EuroChem Group, Phosagro, Potash Corp (Nutrien), The Mosaic Company, Lifosa, Rotem Turkey, Yara International and Reaenjoy Laboratories. Major manufacturers are primarily involved in boosting production capacity along with merger & acquisitions for business growth.