Thumbnail

Feed Phosphate Market - Growth, Trends, Industry Analysis and Forecasts (2020 - 2025)

Looking to buy the report?

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:

  • The Mosaic Company
  • EuroChem
  • Potash Corp.
  • PhosAgro
  • OCP Group

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

  • Market analysis for the global feed phosphate market, with region specific assessments and competition analysis.
  • Market definition along with the identification of key drivers and restraints.
  • Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market.
  • Extensively researched competitive landscape section with profiles of major companies along with their market shares.
  • Identification and analysis of the macro and micro factors that affect the global feed phosphate market.
  • A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
  • A wide-ranging knowledge and insights into the major players in this industry and key strategies adopted by them to sustain and grow in the studied market.
  • Insights into the major countries/regions in which this industry is growing and identification of the regions which are still untapped.

Looking to buy the report?

Need a report that reflects how COVID-19 has impacted this market and its growth?

Our clients include:

prev-arrow
next-arrow

Looking to Customize Report?

Please Enter Email ID

Please Enter Message