Feed Phosphate Market Anticipated To Cross USD 3.3 Billion By 2031 | Asia-Pacific Region Held The Largest Market Share

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Feed Phosphate Market

Owing to increase in meat processing industrialization, the feed phosphates industry is anticipated to experience significant expansion.

PORTLAND, OR, US, October 19, 2023 /EINPresswire / -- Feed Phosphate Market by Type (Dicalcium, Monocalcium, Monodicalcium, Defluorinated, Tricalcium), by Livestock (Ruminants, Swine, Poultry, Aquaculture), by Form (Powder, Granule): Global Opportunity Analysis and Industry Forecast, 2021-2031.

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The feed phosphate market was valued at $2.2 billion in 2021 and is estimated to reach $3.3 billion by 2031, growing at a CAGR of 4% from 2022 to 2031.

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.

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.

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Surge in demand for premium meat products along with an increase in meat processing activities are majorly driving the growth of the global feed phosphate market. However, the raw material shortage, high product costs, and a huge demand for low-cost substitute products such as phytase is predicted to hinder the global market growth. On the other hand, a large number of firms in the feed phosphate industry produce feed phosphate from phosphate rock, a limited resource, using a method similar for all of their other products. Thus, phosphorous recovery from fly ash provides huge growth opportunities for the global market.

Market Segmentation:

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..

Based on livestock, the poultry segment held the largest share of nearly two-fifths of the global feed phosphate market in 2021, and is expected to maintain a prominent growth during the forecast period. Moreover, the same segment is likely to exhibit the highest CAGR of 4.8% in 2031. The growth of the segment over the forecasted timeframe can be attributed to the massive use of feed phosphate in animal feed for increasing its nutritive value along with increasing poultry production. The report also includes other segments such as ruminants, swine, and tricalcium.

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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.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the feed phosphate market analysis from 2021 to 2031 to identify the prevailing feed phosphate market opportunities.

Market research is offered along with information related to key drivers, restraints, and opportunities.

Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.

An in-depth analysis of the feed phosphate market segmentation assists to determine the prevailing market opportunities.

Major countries in each region are mapped according to their revenue contribution to the global market.

Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.

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