Feed Phosphates Market

Global Feed Phosphates Market Size (2024 to 2032)

The global feed phosphate market was valued at USD 2.72 billion in 2023 and is anticipated to reach USD 2.81 billion in 2024 from USD 3.64 billion by 2032, growing at a CAGR of 3.3% from 2024 to 2032.

CURRENT SCENARIO OF THE GLOBAL FEED PHOSPHATES MARKET

Phosphorus is one of the most important trace elements in plant and animal composition. In the case of animals, especially cattle, this necessary phosphorus is provided as a food supplement enriched with phosphate, that is, with feed phosphate. A suitable supply of inorganic phosphate food is necessary for the development of animals.

Feed phosphates are explained as inorganic salts of phosphoric acid that are obtained from phosphate rock.

These phosphates are an essential nutrient in animal feed, ensuring optimal expansion, improving intestinal functionality and fertility, and facilitating bone development. Feed phosphates are often supplied to animals along with calcium and magnesium, further helping the animals' expansion and development. They help animals achieve faster expansion, including weight gain. Feed phosphates optimize the nutritional value of foods and further improve the quality of meat and dairy products. For example, optimized tenderness in meat, high selenium content in eggs, and high calcium content in milk are some examples of beneficial changes for consumers of livestock products that are caused by the addition of feed phosphates.

Most of the companies in the feed phosphate market have similar product types and use the same type of production process to produce feed phosphate from rock phosphate, which is a finite resource. In recent years, there have been a significant number of innovations in phosphorus recovery technology. Various methods can be applied to phosphorus recovery, including chemical precipitation, biological phosphorus removal, crystallization, and a new approach to chemical precipitation, the last of which is the wet chemical process using fly ash.

MARKET TRENDS

Among the various types of feed phosphates, monocalcium phosphate is predicted to grow at the highest rate during the outlook period. Highly soluble and easy to handle, it can be employed in mixed and mineral feed. Its use in food improves the reproductive cycle of animals, in addition to preventing abnormal bone development. Additionally, MCP has the highest digestible phosphorus content of 80%, which is the main reason many manufacturers and food producers are starting to switch from DCP to MCP. The high solubility and optimal phosphorus concentration of MCP provide greater flexibility in dietary formulations.

MARKET DRIVERS

The diseases such as avian flu, BSE (bovine spongiform encephalopathy), and SARS (severe acute respiratory syndrome) not only affect livestock and the economy but also pose a serious threat to human health. The emergence of swine diarrhea in the United States has caused significant losses to pig farmers. In addition, countries such as China, India, and Indonesia constantly face epidemics of bird flu and swine flu due to hot and humid climatic conditions. Meat sellers, meat processors, wholesalers, retailers, and ultimately, ranchers suffer economic losses due to the slaughter of animals affected by the disease, resulting in decreased animal productivity. In such cases, the use of phosphates in the diet has been shown to be an effective way to reduce these outbreaks by improving animal health by supplying the necessary nutrients. Calcium and phosphorus are two important macrominerals necessary for the good performance, expansion, health and production of cattle.

MARKET RESTRAINTS

The high cost of phosphate salts, such as monocalcium and dicalcium phosphates, has led to an increase in the use of substitutes such as phytase, which is less expensive and can be employed as a means of controlling the total cost of the drug.

MARKET CHALLENGES

Excessive consumption of phosphorus can interfere with the absorption of calcium and magnesium. Excess calcium intake from dicalcium phosphate, monocalcium phosphate, monocalcium phosphate, and tricalcium phosphate can lead to osteopetrosis, vertebral ankylosis, and degenerative osteoarthritis in cattle. It also results in a reduction in feed consumption, which leads to less milk production in cattle.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Feed Phosphates Market By Type

Monocalcium phosphate has the highest digestible phosphorus content, which is the main reason many manufacturers and food producers are starting to switch from DCP to MCP.

Global Feed Phosphates Market By Livestock

The feed phosphates market, by livestock, is predicted to be dominated by the poultry segment in 2021. It is also supposed to experience the fastest expansion through 2026. Worldwide, total poultry production has increased and with such expansion in production and consumption, it has become important for meat producers to focus more on quality.

REGIONAL ANALYSIS

The European feed phosphates market is predicted to be the largest in 2021. The region's market is driven by the consumption of feed phosphates, as it is a major producer of livestock. Meat is one of the important segments of the European agricultural sector. Policies developed by the EU encourage pastoralists to use healthy and nutrient-rich food additives and balance the impact of their production on the environment, thus stimulating the expansion of the feed phosphates market. The South American market is predicted to grow at the highest CAGR from 2022 - 2027. Annual livestock production in this region has increased, which has subsequently driven the demand for compound feed. After Asia-Pacific, Latin America has Brazil and Argentina with steadily escalating herds, which can potentially lead to higher calls for feed phosphates. The United States is a major contributor to the North American industry, but the region's call for phosphates has declined due to alternatives and substitutes such as feed phosphates with incorporated phytase and depleted grains. This has contributed to a fall in the prices of feed phosphates in the area. In Eastern Europe, Russia has recently experienced an escalating call for feed phosphates.

KEY PLAYERS IN THE GLOBAL FEED PHOSPHATE MARKET

The Mosaic Company (US), Phosphea (France), Nutrien Ltd. (Canada), OCP Group (Morocco), Yara International ASA (Norway), EuroChem Group AG (Switzerland), PhosAgro (Russia), Ecophos Group (Belgium), Fosfitalia Group (Italy), J. R. Simplot Company (US), Quimpac S.A. (Peru), Sichuan Lomon Corporation (China), Sinochem Yunlong Co., Ltd. (China), Wengfu Group (China), and Rotem Turkey (Turkey). Some of the market players that are dominating the global feed phosphate market.

RECENT HAPPENINGS IN THE GLOBAL FEED PHOSPHATE MARKET

Tessenderlo Group, a worldwide company specializing in food, agriculture, water management and bio-waste recovery, has agreed to sell its Aliphos feed phosphate business to EcoPhos, a Belgian producer and business developer with feed phosphate as a core business.

BASF introduces a new Natuphos E phytase to unlock essential nutrients for the animal feed industry in Pakistan. With unprecedented enzyme stability, Natuphos E helps poultry use phosphorus and key nutrients more efficiently, providing a wide range of benefits to the feed industry and local farmers.

DETAILED SEGMENTATION OF THE GLOBAL FEED PHOSPHATE MARKET INCLUDED IN THIS REPORT

This research report on the global feed phosphate market is segmented and sub-segmented based on Type, Livestock, Form and Region.

By Type

• Dicalcium
• Monocalcium
• Mono-dicalcium
• Defluorinated
• Tricalcium

By Livestock

• Ruminants
• Swine
• Poultry
• Aquaculture

By Form

• Powder
• Granule

By Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa