According to a recently published report by Research Nester on “Feed Phosphate Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the global feed phosphate market in terms of market segmentation by type, by application and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Phosphates are extracted from phosphate rock and is measured as an indispensable nutrient for various functions confirming optimal growth, helping in bone development, repair, lactation and reproduction. These products are merged into the animal diets and are integrated with commercial animal food such as fodder and other premixes for the effective results. These products encourage better health and prevents diseases including rickets during the poultry production. Owing to these factors, the global feed phosphate market is anticipated to record a CAGR of 4.10% over the forecast period i.e. 2019-2027.
Furthermore, the product enhances the quality of the nutrition and improvises the digestion of livestock thereby augmenting the feed phosphate product demand. Phosphoric acid and phosphate rock is used in the production of feed phosphates. The lack of phosphorus in animal’s diet can lead to poor feed conversion, reduced growth rate of milk production, bone malformation and the threat of causing rickets. Adequate supply of phosphorous is essential for conducting necessary body function in animals. For instance, lactating dairy cows requires a minimum of 71g of phosphorous in their daily diet during growth or pregnancy.
On the basis of regional analysis, the feed phosphate market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America feed phosphate market is driven by U.S and Canada is projected to have the largest share owing to rising demand for more convenience and processed foods which are mainly meat based including beef and pork. Asia Pacific is anticipated to have a significant growth on the back of increasing healthcare expenditure and nutritional supplement. Meat consumption is highly linked to higher incomes and as a shift, the food consumption of animal protein sources is likely to increase. Increase in GDP and rising disposable incomes, people are preferring pork, poultry and beef products in their daily lives.
Industrialization of Pork and Poultry Businesses
Industrialization has led to developmental changes of large production units, which are manufacturing in large quantities and providing the products at a lower cost thereby enhancing the quality and consistency. Industrialization in pork and poultry meat production is leading to rapid growth in this sector as the main players are breeding the livestock by nurturing them with adequate nutrition with a rich diet, thus resulting in rise in demand of feed phosphate. Rising nutrition necessities for poultry production coupled with favorable government standards will foster the industry growth.
Increasing Meat Consumption- The global feed phosphate market is growing with a constant increase in demand for meat and meat products. It helps the animals in weight-gain during their growth stages. Feed phosphate, with its diversified applications, satisfies the need of population by feeding animals with best input for their nourishment.
This report also provides the existing competitive scenario of some of the key players of the feed phosphate market which includes company profiling of The Mosaic Company, Eurochem, OCP Group, Fosfitalia Group, Elixir, Yara International, Reanjoy, Phosagro, Potashcorp, Wengfu, Malaysian Phosphate Additives and Lifosa.
The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the feed phosphate market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.