Feed Phosphate Market Share, Present Efficiencies and Future Challenges from 2017 to 2024

Feed Phosphate Market Share, Growth, Analysis, Statistics,
Trends, Forecast Report, 2024
Feed Phosphate Market from swine may witness gains over the foreseeable
timeframe. Increase in pork consumption along with rise in healthy swine food may
drive industry growth. Rising pig population in everyday diet mainly in China may drive
product demand. As per FAO, global pig population in China accounted for over 50%
in 2015. Phosphorus is majorly used for optimizing pig growth and supporting longevity
& sow performance.
Feed phosphate market size may register significant gains over the projected
timeframe owing to rise in animal food products consumption. Shift in dietary pattern
along with rise in poultry and pork industries should favor product demand.
Phosphate is manufactured from a mixture of calcium carbonate or calcium sulphate
and phosphoric acid. Adequate amount of phosphorus from feed phosphate helps in
animal growth in several life cycle stages and improves livestock health by adding
nutrients. It helps in developing animal fertility and calcium source in fodder aids
bone growth.
Globalization along with change in food habits pertaining to meat and processed
food consumption should drive feed phosphate market size. The U.S. poultry meat
consumption was over 17 million tons in 2015 and is poised to reach over 19 million
tons by 2024, thereby enhancing animal breeding and livestock growth.
Feed phosphate enhances meat product quality, improves nutritional quality and
eases food digestibility. They are used in meat and meat products owing to properties
for increasing yield by raising pH of meat proteins. They are mainly alkaline in nature
and the USDA has limited the organophosphate amount added to meat system not
more than 8 ounces per 100 pounds.
Global cattle feed market may witness gains at over 2.5% owing to small scale farms
mainly in Brazil, India and China may drive industry growth. Rise in beef consumption
has led to increase in livestock production to improve food quality. Feed phosphate in
cattle improve metabolism, efficiency, and buffer body fluids.
Strong application scope in aquatic farming may drive feed phosphate market size.
However, Europe and North America has restricted the usage of phosphate in laundry
detergents, as they are present in water which can adversely affect aquatic life by
producing excessive phosphorous resulting in death of fish and aquatic plants.
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Dicalcium feed phosphate market size may witness steady growth by 2024. Increase
in poultry and swine diets has led to rise in animal development in various stages,
thereby influencing industry growth. It is produced mainly in North Africa, Russia and
China.
Sodium tripolyphosphate (STTP) feed phosphate may witness significant gains over
the forecast timeframe. It is used as preservative for seafood, meats, poultry, and
animal food and tender meat in canned ham.
North America, driven by Canada and the U.S. feed phosphate market size, may
witness significant gains over the forecast timeframe. Strict government regulations
related to animal husbandry is likely to influence regional growth. Strong application
scope in poultry and dairy sectors may drive industry growth.
Asia Pacific, led by India, Japan, and China feed phosphate market size may witness
gains due to rise in disposable income along with increase in pork and poultry
industries. China is the largest consumer and accounted for over 35% of the total
production in 2015. Rise in R&D spending along with technological advancement may
favor regional industry growth.
Europe, driven by France, Spain, and Germany feed phosphate market size, may
show a significant growth owing to increasing dairy and meat products demand along
with change in dietary consumption. Regulatory bodies such as European Feed
Manufacturers Federation (EFMF), European Food Safety Authority (EFSA) and
European Chemical Industry Council (ECIC) check animal food contents and quality
and mandates strong regulation in the market.
Phosphate rock or phosphorite, and sulfuric acid are ley raw materials used for
production process. Sudden increase or decrease in raw material costs may fuel
production cost and widen demand supply gap. These factors may hinder industry
profitability and affect feed phosphate market price trend.
High product cost and increase in substitute product such as phytase may hinder
overall productivity. Stringent government guidelines pertaining to animal farming may
have an adverse effect on feed phosphate market size.
Global feed phosphate market share is competitive and moderately consolidated. Key
market players include The Mosaic Company, PhosAgro, EuroChem, EcoPhos S.A.
and Yara International ASA. Other prominent companies include Wengfu Group, OCP
Group, Timab Industries, Fosfitalia and Potash Corp.
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