Global Feed Phosphate Market revenue is poised to beat USD 4.5 billion by 2024; according to a new research report by Global Market Insights, Inc. Rapid urbanization, upsurge in middle-class population and changing lifestyle patterns of consumers is highly affecting the consumption of quality of meat products consumed. Rising livestock diseases and increasing importance of animal nutrition mainly in poultry, swine and cattle will positively affect the feed phosphate market trends.
Feed phosphates are majorly mixed with commercial animal food such as fodders and other premixes to enhance the quality of food along with addition of adequate mineral requirement in animal’s daily dietary intake. These products are rich in phosphorous and calcium which further prevent livestock diseases and enhances the quality of meat produced for human consumption.
These products help in providing essential nutrients required for bone development, fertility, reproduction, lactation along with increasing metabolism and immunity. The products are added in animal feed and dairy products consumed by animals maintaining overall growth and wellness. Feed phosphate market size from poultry livestock is expected to surpass USD 5 billion by 2024. Rising prevalence of animal’s diseases such as rickets along with high nutrient requirements for poultry production in U.S will drive the market demand of feed phosphates.
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Feed phosphate market size from defluorinated phosphate may expect gains at over 2% by the end of forecast period. These feed products are used in granules or as milled products and is largely applied for enhancing compound feeds majorly in aquaculture diets along with mixtures consisting grass, concentrates, and ensilage. These products are good sources of phosphorous produced thermochemically and are used as feed additives in providing high-yielding animal production along with quality improvement.
Phosphates are extracted from phosphate rock and further are further reacted with phosphoric acid for the manufacturing of feed phosphates. Further, these products enrich the quality of animal food providing them all the nutrients required for proper growth. The products help in controlling appetite providing palatability and appropriate digestion to animals along with performing other body functions such as maintenance of osmotic pressure and acid balance, energy utilization and transfer and development of skeletal tissues. These products are inorganic sources which plays a crucial role in acid base buffering in blood, provides growth to teeth and bones and boost energy metabolism in livestock. The sufficient dosage of phosphorous in animal food also helps in protein digestibility, increase in feed conversion and intake along with weight gain.
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Feed phosphate market size from aquaculture is expected to register significant gains at over 4% over the forecast period. The inclusion rate of these products in salmon feed is close to 1 percent. The usage of feed phosphates in aquaculture diets provides optimal growth, energy and bone development.
North America led by U.S and Canada feed phosphate market size should expect significant gains at over 3.5% over the foreseeable timeframe owing to rising penetration of livestock diseases along with high nutrition requirements for poultry production in the U.S. Rising consumption of processed beef products are also expected to regional foster feed phosphate market size.
Europe led by Germany, France and Russia feed phosphate market should expect consumption at over 1 million by the end of 2024. Growing pork and poultry business and industrialization along with rising preference of consumer towards quality products containing low fat is expected to drive the regional industry growth.
Asia Pacific led by China, India and Japan feed phosphate market size should exceed USD 5.5 billion by the end of forecast period. The pig population in China is vast and catering to its nutritional requirement is of utmost important. Changing lifestyle patterns, rapid urbanization and inclination of youth towards non-vegetarian diet for protein requirement will stimulate the market demand.
Global feed phosphate market share is partially fragmented and industry participants include players such as Elixir, The Mosaic Company, Eurochem, Yara International, OCP Group, Reanjoy, Rotem Turkey and Lifosa. Many participants in the feed phosphate industry are expanding their global reach by offering high quality products along with strong R&D investments for providing quality products at affordable costs.
Browse key industry insights spread across 205 pages with 175 market data tables & 38 figures & charts from the report, “Feed Phosphate Market” in detail along with the table of contents:
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