Feed Phosphate Market - Growth, Trends, COVID-19 Impact, and Forecast (2022 - 2027)

The Feed Phosphate Market is 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 Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The report offers the market size and forecast in terms of value in USD thousand for all the above segments.

Market Snapshot

Feed Phosphate Market
Study Period: 2017-2027
Base Year: 2021
Fastest Growing Market: North America
Largest Market: Asia-Pacific
CAGR: 4.5 %

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Market Overview

The feed phosphate market is projected to register a CAGR of 4.5% during the forecast period (2022-2027).

As the respective governments worldwide implemented stay-at-home orders, many farmers resorted to panic buying in anticipation of potential shortages. Several concerns, such as reduced or delayed deliveries and employees contracting COVID-19, compelled farmers to stock their animal feed supplies. Key stakeholders in the livestock feed market are worried about the lack of raw materials for manufacturing feed phosphates.

The main driving factor is the growing consumption of meat worldwide. Poultry meat consumption increased by 76.6% per kilo per capita and pig meat by 19.7%. The major leap in consumption is mainly by the middle-class population due to increasing disposable income. Livestock development by government organizations helped promote animal husbandry among the population, especially among the poorer sections, by emphasizing the importance of animal nutrition in animal welfare. Industrialization of the meat industry, specifically the poultry and pork segments, has been an important contributor to the feed phosphate industry, with rapid growth in the consumption of lean meat due to increased awareness of its health benefits.

The rising cost of raw materials and the global scarcity of phosphate reserves, as it is a non-renewable resource, are restraining the market. Opportunities that affect the dynamics of this industry include increasing demand for natural feed products and substitutes such as phytase being used in the manufacture of animal feed as blends to decrease the high cost of manufacture. Many companies also invested in R&D for the sustainable use of phosphate.

Scope of the Report

Feed phosphates are added to animal feed to improve the nutrient content, optimize animal performance, and enhance feed digestibility and health maintenance. They also help promote growth during the various stages of the life cycle, develop fertility in animals, and act as the best calcium source for bone and skeleton development. The feed phosphate market report is segmented by feed type, livestock type, and geography. The report offers the market size and forecasts in terms of value in USD thousand for all the above segments.

Feed Type
Monocalcium Phosphate
Dicalcium Phosphate
Mono-Dicalcium Phosphate
Tricalcium Phosphate
Defluorinated Phosphate
Other Types
Livestock TYpe
Poultry
Swine
Cattle
Aquatic Animals
Other Livestock Types
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
France
Russia
Spain
Rest of Europe
Asia-Pacific
India
China
Japan
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Africa
South Africa
Rest of Africa

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Key Market Trends

Increasing Industrial Livestock Production

The growing demand for livestock products has been driving significant changes on the supply side that are aimed at improving livestock product yields. New capital-intensive technologies have made poultry and pig meat production in industrial-style production facilities possible across regions, such as North America, Europe, and Asia-Pacific, especially in countries where land is limited. According to the Food and Agriculture Organisation (FAO), the global cattle population has witnessed an upward trend over the past four years. In 2017, the livestock population for animals such as cattle was 1.7 billion, which increased to 1.8 billion in 2020, demonstrating that cattle production is rising to meet the accelerating demand for meat. Similarly, the poultry and sheep stocks significantly increased during the study period. Thus, the inflating demand for meat is expected to boost the need for feed phosphates during the forecast period. The meat production industry witnessed an upward trend in the recent past, especially in developed countries, such as the United States and European countries, with reduced land usage. This factor boosts livestock and meat production, thus accelerating the demand for feed additives for the growing livestock population in these countries.

Global Feed Phosphates Market

Poultry Dominates the Market

Poultry feed phosphates hold one of the largest shares in the feed phosphates market, owing to the heavy demand for poultry meat augmented by the consumption of processed poultry in the United States, China, India, Russia, Brazil, Japan, and Australia. According to the Organisation for Economic Co-operation and Development (OECD), the global poultry meat consumption volume in 2020 accounted for 133.35 million metric ton, with per capita consumption being 15.102 kg. The growing demand for processed meat and protein diets due to the rising income levels is anticipated to continue driving the demand for animal feed. This factor, in turn, will lead to the higher usage of feed phosphates in various poultry farms. Due to the increasing demand, major players such as The Mosaic Company, OCP Group, Euro Chem, and Potash Corp. are adopting various strategies, such as partnerships, product launches, and expansions, which may drive the market in the coming years.

Global Feed Phosphates Market

Competitive Landscape

The feed phosphate market is moderately consolidated, with a few active players, including The Mosaic Company, Eurochem, Potash Corp, PhosAgro, and OCP Group, occupying a considerable market share in 2021. These companies focus on expanding their businesses and undertaking strategies like mergers and acquisitions, expansions, and novel product innovations.

Recent Developments

In February 2022, EuroChem Group completed the acquisition of the Serra do Salitre phosphate project in Brazil. This acquisition led to the increased development of phosphates, and it may increase the sales of animal feed phosphate in the coming years.

In March 2018, The Mosaic Company acquired Vale Fertilizantes (a Brazilian fertilizer company with five phosphate mines), thereby enhancing the company’s market access in the Brazilian feed phosphates market.

In November 2017, EuroChem Group AG officially inaugurated its new subsidiary in Bulgaria, known as EuroChem Agro Bulgaria. This development was expected to expand its distribution footprint in the country and more widely in the south of Eastern Europe.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Feed Type

      1. 5.1.1 Monocalcium Phosphate

      2. 5.1.2 Dicalcium Phosphate

      3. 5.1.3 Mono-Dicalcium Phosphate

      4. 5.1.4 Tricalcium Phosphate

      5. 5.1.5 Defluorinated Phosphate

      6. 5.1.6 Other Types

    2. 5.2 Livestock TYpe

      1. 5.2.1 Poultry

      2. 5.2.2 Swine

      3. 5.2.3 Cattle

      4. 5.2.4 Aquatic Animals

      5. 5.2.5 Other Livestock Types

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Russia

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 India

        2. 5.3.3.2 China

        3. 5.3.3.3 Japan

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 Rest of Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 The Mosaic Company

      2. 6.3.2 EuroChem

      3. 6.3.3 Simphos

      4. 6.3.4 Fosfitalia

      5. 6.3.5 Timab Industries

      6. 6.3.6 Yara International ASA

      7. 6.3.7 OCP Group

      8. 6.3.8 PhosAgro

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. AN ASSESMENT OF IMPACT OF COVID-19 ON THE MARKET

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Frequently Asked Questions

The Feed Phosphate Market market is studied from 2017 - 2027.

The Feed Phosphate Market is growing at a CAGR of 4.5% over the next 5 years.

North America is growing at the highest CAGR over 2021- 2026.

Asia-Pacific holds highest share in 2021.

The Mosaic Company, Eurochem, Phosagro, OCP Group, Potash Corp. are the major companies operating in Feed Phosphate Market.

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