Global Feed Phosphate Market to grow with a CAGR of 4.91%
Increasing healthcare
infrastructure and a supportive regulatory environment are the major drivers
for the Global Feed Phosphate Market.
According
to TechSci Research report, “Global Feed Phosphate Market Industry Size,
Share, Trends, Competition, Opportunity and Forecast, 2018-2028”, Global
Feed Phosphate Market has valued at USD 2.41 billion in 2022 and is anticipated
to witness an impressive growth in the forecast period with a CAGR of 4.91% and will probably reach 2.70
billion by 2028. This can be due to collaborations and partnerships among
leading companies with a diverse approach to merge the expertise of individual
companies and to strengthen their position in the market.
The
growing aquaculture industry has contributed to the rising demand for feed
phosphate. Aquaculture involves the farming of aquatic organisms such as fish,
shrimp, and other seafood species, and these animals require nutritionally
balanced diets to support their growth and health. Phosphorus, a key nutrient,
is essential for bone development, muscle function, and overall well-being in
aquaculture species. The global aquaculture industry has experienced
significant growth in recent years due to the rising demand for seafood
products. As aquaculture production increases to meet this demand, the need for
specialized aquafeeds containing essential nutrients like phosphorus, which is
provided by feed phosphates, also grows. Phosphates are added to aquafeeds to
enhance nutrient utilization and feed conversion efficiency. This helps
aquaculture producers optimize feed inputs and reduce production costs. Adequate
phosphorus levels in aquafeeds contribute to the health and rapid growth of
farmed aquatic species. Phosphates support bone development, which is
particularly important for fish species that are raised for their meat, as well
as for shellfish and crustaceans.
Browse over XX market
data Figures and spread through 110 Pages and an
in-depth TOC on " Global Feed Phosphate Market.”
Due
to rising disposable income, the middle-class population has seen a significant
increase in consumption. By highlighting the significance of animal nutrition
in animal welfare, government organizations that support livestock development
have assisted in promoting animal husbandry among the populace, particularly
among the lower socioeconomic classes. Because of growing consumer knowledge of
the health benefits of lean meat, the industrialization of the meat business,
particularly the poultry and pork segments, has had a significant impact on the
feed phosphate market.
In
April 2022, HumiPHORA, a breakthrough innovation in the phosphate world, is
launched by Phosphea. The Groupe Roullier's understanding of humic compounds
and Phosphea's knowledge of phosphate led to the creation of HumIPHORA. The
qualities of interest have been chosen to create a special phosphate using this
combined expertise and extensive monitoring. In addition to providing mineral
phosphorus, HumIPHORA also regulates the antinutritional effects of calcium.
Even though calcium is necessary for broiler growth, if utilized carelessly, it
might have a negative impact on nutrition. Solubilized calcium enters the gut
during digestion, where the pH is higher, where it may mix with other nutrients
like proteins, ortho-phosphates, or phytic acid. HumIPHORA's chelation
capabilities would prevent these re-complexations and so enhance, among other
things, the utilization of phosphorus derived from plants in the feed.
Sustainability concerns have become a significant
challenge for the Global Feed Phosphate Market. These concerns are driven by
various environmental and social factors, and they are shaping the way feed
phosphates are produced, used, and regulated.
Excessive phosphorus
runoff from agricultural and livestock operations can lead to water pollution,
harmful algal blooms, and eutrophication in aquatic ecosystems. Feed phosphates
contribute to the phosphorus content in animal manure, which can become an
environmental issue if not managed properly.
Many regions have
implemented stricter regulations governing nutrient management in agriculture
and animal farming to mitigate phosphorus runoff. Compliance with these
regulations may require changes in feed formulations and phosphorus sourcing.
The sustainability of raw materials used in feed phosphate production, such as
phosphate rock, has come under scrutiny. Efforts are being made to ensure
responsible mining practices and reduce the ecological footprint of phosphate
sourcing.
Global
Feed Phosphate Market segmentation is based on Feed Type, Livestock Type, and
Region.
Based
on Feed Type, Global Feed Phosphate Market is segmented Monocalcium Phosphate,
Dicalcium Phosphate, Mono-Dicalcium Phosphate, Tricalcium Phosphate, Defluorinated
Phosphate, and Other Feed Types. Mono-dicalcium phosphate (MDP) is a type of
feed phosphate commonly used in animal nutrition and feed formulations. It is a
calcium and phosphorus source that provides essential minerals required for
bone development, muscle function, and overall animal health. MDP is a
versatile feed ingredient and is used in various animal diets, including those
for poultry, swine, cattle, and aquaculture species. MDP is composed of both
monocalcium phosphate (MCP) and dicalcium phosphate (DCP). The ratio of MCP to
DCP can vary depending on the product's specifications. MCP is a more soluble
form of phosphate, while DCP is less soluble but provides a higher
concentration of calcium. MDP is valued for its balanced calcium-to-phosphorus
ratio, making it an excellent source of both minerals. This balanced ratio is
essential for proper bone development, muscle contraction, and metabolic
functions in animals.
Based
on Region, Asia-pacific dominated the Global Feed Phosphate Market. The
Asia-Pacific region, including countries like China, India, Indonesia, and
Vietnam, has witnessed significant population growth and an expanding
middle-class population with changing dietary preferences. This has led to
increased demand for meat and poultry products, which, in turn, drove the need
for animal feed, including feed phosphates. Asia-Pacific is home to some of the
world's largest livestock and poultry production industries. Poultry has been a
major contributor to the region's demand for feed phosphates. Broiler and layer
production in countries like China and India are substantial. Poultry
production has been a dominant force in the Asia-Pacific region. The demand for
feed phosphates in the poultry sector is particularly high due to the intensive
nature of poultry farming and the region's high poultry consumption.
South
America region is experiencing fastest growth in the Global Feed Phosphate Market.
South America has been experiencing an increase in livestock and poultry
production, including beef, poultry, and pork. As the demand for meat and
animal products continues to rise due to population growth and changing dietary
preferences, there is a corresponding need for animal feed, including feed
phosphates. Rising incomes in South America have led to greater consumer demand
for protein-rich diets, including meat and seafood. This demand has driven the
need for efficient and high-quality animal nutrition, contributing to the use
of feed phosphates. Economic growth and urbanization in South America have led
to changes in dietary patterns. As more people move to urban areas and adopt
Western-style diets, there is a greater demand for meat and animal products,
which in turn drives the need for animal feed.
Some of the major companies operating in the Global
Feed Phosphate Market include:
- The
Mosaic Company
- EuroChem
Group AG
- JR
Simplot Co
- Fosfitalia
SpA
- Timab
Industries SAS
- Yara
International ASA
- OCP
Group
- PhosAgro
- Potash
Corporation
Download Free Sample Report
Customers can also request 10% free customization
on this report.
“Certain
areas, particularly in North America, are projected to exert significant demand
for Feed Phosphates. The growth in the competitive landscape and the presence
of well-established companies in the market, committed to enhance the overall
wellbeing of people each year, are expected to contribute to a remarkable
growth of the Global Feed Phosphate Market in the forecast period," said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based Global
management consulting firm.
Feed Phosphate Market -
Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented by
Feed Type (Monocalcium Phosphate, Dicalcium Phosphate, Mono-Dicalcium
Phosphate, Tricalcium Phosphate, Defluorinated Phosphate, and Other Feed
Types), Livestock Type (Poultry, Swine, Cattle, Aquatic Animals, and Other
Livestock Types), and By Region, Competition evaluated the
future growth potential of Global Feed Phosphate Market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide innovative market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Feed Phosphate Market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com