5th Floor, Rajapushpa Summit
Nanakramguda Rd, Financial District, Gachibowli
Hyderabad, Telangana - 500008
India
The market for feed phosphate is projected to reach USD 5.7 billion by 2020, growing at a CAGR of about 3% from 2015 to 2020. Feed phosphates are added to animal feed to improve the nutrient content, optimize animal performance, enhance feed digestibility, and for preventative health maintenance. It also helps in promoting growth during the various stages of life cycle, developing fertility in animals, and acting as the best source of calcium for bone and skeleton development.
Market Dynamics
The main driving factor of this market is the growing consumption of meat around the world. Poultry meat has 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 organization has helped in promoting 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 in 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 global scarcity of phosphate reserves, it being a non-renewable resource are restraining the market. Opportunities that affect the dynamics of this industry include an increase in 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. Large numbers of companies have also invested in R&D for sustainable use of phosphate.
Market Segmentation
By type, monocalcium phosphate forms the largest segment owing to its use in the Asia-Pacific region for animal maintenance and bone health. It is also the most easily available form of phosphate and a cost-effective option for use in feed blends. Feed phosphate is further segmented on the basis of livestock, into poultry, swine, cattle, aquatic animals, etc., with lean meats such as poultry becoming the fastest growing segment, followed by swine.
Asia-Pacific is the largest market for feed phosphate with XX% share and a CAGR of XX%, with rapid growth in the pork and poultry industries in China and India. North America follows with XX% share and a CAGR of XX%.
Key Industry Players
Key players in the market include:
To gain market share, these companies are adapting numerous market strategies like product development, partnerships, mergers & acquisitions, and expansion of existing facilities.
Key Deliverables in the Study
5th Floor, Rajapushpa Summit
Nanakramguda Rd, Financial District, Gachibowli
Hyderabad, Telangana - 500008
India
+1 617-765-2493
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