Feed Phosphate Market Expected to Reach $3.3 Billion by 2031

According to a new report published by Allied Market Research, titled, “Feed Phosphate Market," 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. Swine farmers suffered huge losses as a result of the spread of swine diarrhea in the U.S. In addition, due to the hot and humid climate, nations such as China, India, and Indonesia are frequently dealing with avian flu and swine flu outbreaks. Thus, such factors contribute to the growth of the feed phosphate market share.

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In addition, the majority of companies in the feed phosphates industry create feed phosphate from phosphate rock, a limited resource, using a procedure that is similar for all of their products. To assure a steady supply of high-quality phosphates for the feed business, however, market participants must make R&D investments, develop creative production methods, and find new sources of phosphorus. Phosphorus recovery technology has undergone a sizable number of advancements in recent years. For the recovery of phosphorus, a number of techniques can be used, such as chemical precipitation, biological phosphorus removal, crystallization, and innovative chemical precipitation approaches, the most recent of which is the wet-chemical process utilizing fly ash. 

On the other side, due to the high cost of phosphate salts, such as monocalcium and dicalcium phosphates, replacements such as phytase, which are less expensive and may be used to reduce the overall feed cost, have become more popular. More than 90% of poultry diets and over 70% of swine diets contain phytase, according to Danisco Animal Nutrition (UK), the feed subsidiary of E. I. du Pont de Nemours and Company (US). The same source claims that phytase has assisted the feed business in saving USD 2 billion annually on feed input and nutritional expenditures.

According to feed phosphate market opportunities, on the basis of type, the market is classified into dicalcium, monocalcium, mono-dicalcium, defluorinated, and tricalcium. The dicalcium segment accounted for a major share in the feed phosphates market in 2021 and is expected to suatin its share throughout feed phosphate market forecast period. Dicalcium phosphate is a white, unscented powder with the chemical formula CaHPO4. It is also known as dibasic calcium phosphate or calcium monohydrate phosphate. It is one of the sources of mineral phosphorus that is frequently used in healthy eating plans.

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..

According to feed phosphate market analysis, by form, the powder segment was the highest contributor to the market, with $1,575.2 million in 2021 and is expected grow at a CAGR of 3.8% during the forecast period. Powder form of the feed phosphate is significantly used owing to flowability, spreadability, and packing characteristics within a machine.

According to feed phosphate market trends, Europe product market accounted for 22.9% share in the feed phosphate market in 2021 and is expected to maintain its share during the forecast period. Growth in production and consumption of meat and meat products are likely to contribute to the growth of the market during the forecast period. Meat is an important segment of the European agricultural sector. The EU's policies encourage animal producers to use healthy and nutrient-rich feed additives while balancing their environmental impact, driving the feed phosphate market growth

The players operating in the global feed phosphate industry have adopted various developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report are The Mosiac Company, PhosAgro, EuroChem Group, Nutrien Ltd., Rotem, AB LIFOSA, Reanjoy Laboratories, Yara International ASA, Fosfitalia Group, and OCP Group.

Key findings of the study:

·        The feed phosphate market size was valued at $2,226.6 million in 2021, and is estimated to reach $3,270.3 million by 2031, registering a CAGR of 4.0% from 2022 to 2031. 

·        In 2021, on the basis of type, the dicalcium segment acquired $869.7 million, exhibiting 39.1% of the global market share. 

·        In 2021, on the basis of livestock, the poultry segment acquired $860.0 million, exhibiting 38.6% of the global market share. 

·        China was the most prominent market in Asia-Pacific in 2021, and is projected to reach $232.7 million by 2031, growing at a CAGR of 2.3% during the forecast period.

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