Description

The global Feed Phosphate Market was valued at USD 2.54 billion in 2020 and is predicted to reach 2.96 billion in 2027 recording a CAGR of 3.4% during the forecast period 2021-2027. Phosphates are the inorganic salts of the phosphoric acid which is extracted from the phosphate rock. Phosphorous is an essential nutrient for the animals and it helps to maintain, repair, and growth of body tissues. Phosphorous is administered along with the feed in the form of calcium phosphate. The other advantages with feed phosphate include the improvement in the quality of meat products, enhancing the feed digestion, and improvement in the nutritional quality. Feed phosphate Market also helps in the development of growth in the life cycle stages, fertility development, and improve the bone development. Phosphate is manufactured from the mixture of calcium sulphate or calcium carbonate and phosphoric acid. The market is growing at a significant CAGR due to increase in adoption of livestock. Increasing meat consumption around the globe, rise in demand for milk and other dairy products, industrialization of meat processing, and rise in the disposable income expected to fuel the feed phosphate market over the forecast period. Moreover, a rise in the government initiation for promoting the animal husbandry, grow in the awareness about animal health, growing research and development activities, and development of livestock during their growth stages might boost the market. However, increase in raw materials cost, global scarcity of the phosphate reserves, stringent regulations for the animal husbandry and rise in demand for alternative products such as phytase might restrain the feed phosphate market growth over the forecast period. Acquisitions and mergers between the market players, patent approvals, and product launchings are key strategies to increase the revenue of feed phosphate market. For instance, in September 2011, Mosaic Feed Ingredients has received the patent approval for the mono-dicalcium phosphate product Nexfos used in animal and poultry feed. Moreover, rise in research and developing activities expected to fuel the feed phosphate market over the forecast period. For instance, EcoPhos focus on the development of innovative technology for production of phosphate and its derivatives with low cost. In April 2017, Phosphea has acquired feed phosphate activity from Elixir group in Serbia for the development of product portfolio in Europe

 

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX