Feed Phosphate Market Size
Driven by the rising meat consumption worldwide, Feed Phosphate Market size exceeded USD 3.5 billion in 2022 and is expected to rise at 3% CAGR from 2023 to 2032.
To get key market trends
It is expected that the flourishing pork and chicken companies in strategic areas would boost industrial development. Leading producer of chicken meat worldwide and net exporter of poultry products is the European Union. Demand for feed phosphate Europe is driven by government support of the growth of the livestock agricultural industry. A number of EU nations have started helping initiatives for pig farms suffering from fallout from the COVID-19 epidemic. Such positive measures to control outbreaks of cattle diseases are expected to help to support market expansion.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Feed Phosphate Market Size in 2022 | USD 3.5 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 3.4% |
| 2032 Value Projection | USD 5 Billion |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 200 |
| Tables, Charts & Figures | 213 |
| Segments covered | Product, Livestock, and Region |
| Growth Drivers |
|
| Pitfalls & Challenges |
|
What are the growth opportunities in this market?
Growing inclination towards cheaper alternatives to impede the industry development
Standard in the meat production industry, the incorporation of enzymes in animal feed in order to maximize feed consumption has resulted in the great use of phytase as a substitute for phosphate in animal feed. The National Center for Biotechnology Information claims, however, that phytate's antinutritional effect could influence the digestion of other nutrients and animal performance. Furthermore, players in the feed phosphate market concentrate on reducing manufacturing costs by using innovative manufacturing methods and launching new reasonably priced animal feed phosphate products.
Feed Phosphate Market Analysis
Learn more about the key segments shaping this market
By 2032 the industry share from the dicalcium phosphate p is projected to be USD 2.5 billion. Dicalcium phosphate and other inorganic supplements are quite helpful in supplying the required minerals to improve animal performance and growth. Rising understanding of dicalcium phosphate's advantages has led most nations to use it as a raw material and addition for chicken and cattle feed, therefore influencing sector growth.
By 2032 the market for cattle feed phosphate is expected to rise by 3%. Emerging as a fast growing agricultural sub-sector in middle- and low-income nations supported by rising incomes, changing diets and population rise is the livestock sector. Major body processes in cattle, including milk production, feed consumption and fat, carbohydrate along with protein metabolism, depend on phosphorous. Said to boost segment outlook are regulatory policies to support the manufacture of healthy beef and milk products, thereby reducing disease occurrence in both cattle and human consumers.
Learn more about the key segments shaping this market
Rising demand for meat and poultry products linked to the growing population and other structural changes such quick urbanization and more spending on fast food is expected to drive Asia Pacific feed phosphate market sales to reach USD 2 billion by 2032. Moreover, the growing middle-income population in developing countries like China and India is probably going to drive regional corporate expansion. For example, United Nations FAO statistics shows that China's chicken, pig, beef, and mutton supply in 2022 will be 75.5 million tons, higher than that of the United States with 50.1 million tons.
Feed Phosphate Market Share
Some major enterprises in feed phosphate market are
- PhosAgro
- EuroChem
- The Mosaic Company
- OCP Group
- WengFu Group Co., Ltd.
- TIMAB (Phosphea)
- Elixir Group
- Rotem Turkey
- Reanjoy Laboratories
These organizations are engaging in strategic initiatives such as collaborations and product portfolio expansions to enhance their industry standing.
Impact of the COVID-19 pandemic
The COVID-19 pandemic dealt a blow to our milk, meat, and animal product industries. Lockdowns made it hard to move animals, which in turn messed with the supply chain for animal feed. This meant that animals weren't getting the right nutrients, and the cost of feeding them went up. This hurt the feed phosphate industry, which makes essential nutrients for animal feed. But as the pandemic eases and people start eating meat differently, the demand for feed phosphate is expected to pick up again.
This market research report on feed phosphate includes in-depth coverage of the industry with estimates & forecasts in terms of volume in million tons and revenue in USD billion from 2018 to 2032 for the following segments
Click here to Buy Section of this Report
Market, By Product
- Monocalcium Phosphate
- Trialcium Phosphate
- Dialcium Phosphate
- Ammonium Phosphates
- Defluorinated Phosphate
- Others
Market, By Livestock
- Poultry
- Cattle
- Aquaculture
- Swine
- Pet
- Others
The above information has been provided for the following regions and countries
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Thailand
- Malaysia
- Latin America
- Brazil
- Middle East & Africa
- UAE
- South Africa
- Saudi Arabia
Related Reports
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy