Feed Phosphate Market
Feed Phosphate Market
Surge in demand for premium meat products along with an increase in meat processing activities are majorly driving the growth of the feed phosphate market
PORTLAND, OR, US, November 17, 2023 /EINPresswire.com/ -- Allied Market Research published a report, titled, "Feed Phosphate Market by Type (Dicalcium, Monocalcium, Monodicalcium, Defluorinated, and Tricalcium), by Livestock (Ruminants, Swine, Poultry, and Acquaculture), and by Form (Powder and Granule): Global Opportunity Analysis and Industry Forecast, 2021-2031." According to the report, the global feed phosphate industry generated $2.2 billion in 2021, and is estimated to reach $3.3 billion by 2031, witnessing a CAGR of 4% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscape, and competitive scenario.
𝐀𝐬𝐤 𝐟𝐨𝐫 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 : https://www.alliedmarketresearch.com/request-sample/17258
The market for feed phosphate is mostly driven by an increase in meat processing industrialization. Meat processing has been an industrialized sector, which benefits consumers financially. Industrialization of meat processing is expected to continue to be the most sought-after benefit for years to come as beef and other meat products now cost less than half what they did a century ago. Furthermore, the high threat of diseases in livestock is expected to fuel the feed phosphate market. Diseases such as avian flu, BSE (bovine spongiform encephalopathy), and SARS (severe acute respiratory syndrome) pose a substantial risk to human health in addition to having an impact on animal breeding and the economy. Swine farmers suffered huge losses as a result of the spread of swine diarrhea in the U.S. In addition, due to the hot and humid climate, nations such as China, India, and Indonesia are frequently dealing with avian flu and swine flu outbreaks. Thus, such factors contribute to the growth of the feed phosphate market share.
𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:
Based on region, the market in the Asia-Pacific region held the largest market share in 2021, accounting for nearly one-third of the global feed phosphate market share, and is likely to lead the trail throughout the forecast period. The growth of the segment during the forecast period can be attributed to the intensive cattle and poultry farming practice in the Asia-Pacific along with the rise in the number of local feed manufacturers in the region. However, the European feed phosphate market is anticipated to register the fastest CAGR of 5.2% during the forecast period, 2022-2031. This is due to the rise in meat consumption in Europe and the demand for meat products along with increase in awareness about the quality of dairy & meat products. Apart from this, the high demand for protein-rich diet such as pork and poultry from consumers has increased the penetration of feed phosphate in animal feed industry in Europe, thereby boosting the market trends in the region. The other regions discussed in the report are North America and LAMEA.
𝐁𝐮𝐲 𝐍𝐨𝐰: https://www.alliedmarketresearch.com/checkout-final/81f395f7072d66c7e4085f9f6e4b9d31
On the other side, due to the high cost of phosphate salts, such as monocalcium and dicalcium phosphates, replacements such as phytase, which are less expensive and may be used to reduce the overall feed cost, have become more popular. More than 90% of poultry diets and over 70% of swine diets contain phytase, according to Danisco Animal Nutrition (UK), the feed subsidiary of E. I. du Pont de Nemours and Company (US). The same source claims that phytase has assisted the feed business in saving USD 2 billion annually on feed input and nutritional expenditures.
𝐓𝐨𝐩 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:
The Mosiac Company
PhosAgro PJSC
EuroChem Group AG
Nutrien Ltd
AB Lifosa
Reanjoy Laboratories
Yara International ASA
Fosfitalia Group
The OCP Group
The report analyzes these key players of the global feed phosphate market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.
𝐊𝐞𝐲 𝐟𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐬𝐭𝐮𝐝𝐲
The feed phosphate market size was valued at $2,226.6 million in 2021, and is estimated to reach $3,270.3 million by 2031, registering a CAGR of 4.0% from 2022 to 2031.
In 2021, on the basis of type, the dicalcium segment acquired $869.7 million, exhibiting 39.1% of the global market share.
In 2021, on the basis of livestock, the poultry segment acquired $860.0 million, exhibiting 38.6% of the global market share.
China was the most prominent market in Asia-Pacific in 2021, and is projected to reach $232.7 million by 2031, growing at a CAGR of 2.3% during the forecast period.
𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐏𝐫𝐨𝐜𝐮𝐫𝐢𝐧𝐠 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭? 𝐕𝐢𝐬𝐢𝐭 𝐇𝐞𝐫𝐞 : https://www.alliedmarketresearch.com/purchase-enquiry/17258
On the basis of livestock, the poultry segment accounted for a major share in the product market in 2021 and is expected to grow at a significant CAGR during the forecast period. Feed phosphate is majorly used in poultry owing to its ability to replenish phosphorous, which contributes to the formation of a strong skeleton & tissue, improves metabolism & reproductive system functions, and increases productivity. In addition, an increase in poultry farming and a rise in poultry meat consumption both boost the need for feed phosphate..
According to feed phosphate market analysis, by form, the powder segment was the highest contributor to the market, with $1,575.2 million in 2021 and is expected grow at a CAGR of 3.8% during the forecast period. Powder form of the feed phosphate is significantly used owing to flowability, spreadability, and packing characteristics within a machine.
𝗧𝗿𝗲𝗻𝗱𝗶𝗻𝗴 𝗥𝗲𝗽𝗼𝗿𝘁𝘀 𝗶𝗻 𝗙𝗼𝗼𝗱 𝗮𝗻𝗱 𝗕𝗲𝘃𝗲𝗿𝗮𝗴𝗲𝘀 𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆
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𝐀𝐛𝐨𝐮𝐭 𝐔𝐬
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