The global feed phosphate market was valued at USD 2.53 billion in 2021 and is predicted to reach 2.95 billion in 2026, with a CAGR of 3.3% during the foreseen period. Phosphorus is one of the most important trace elements in the 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 in inorganic phosphates 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, 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.
Although the call for feed has been relatively stable, the supply has been severely affected by the coronavirus crisis. For example, countries like Romania have banned exports to countries outside the European Union, creating serious supply and call problems in the feed industry. Banned cereal exports include soybeans, baked goods, flour, corn, barley and wheat. On the other hand, China, a major supplier of organic soybeans, has caused disruption to worldwide organic food producers due to its draconian measures imposed to stop the COVID-19 pandemic. In addition, the supply of containers and ships has also been affected, as has the transport of some micro-ingredients, due to logistical challenges in China. The Indian government has ordered partial closures of its international ports, fostering further disruption in the feed supply chain.
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 to use phosphorus and key nutrients more efficiently, providing a wide range of benefits to the feed industry and local farmers.
Feed Phosphates 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 provides greater flexibility in dietary formulations.
Feed Phosphates Market Drivers:
The diseases such as avian flu, BSE (bovine spongiform encephalopathy) and SARS (severe acute respiratory syndrome) not only affects livestock and the economy, but also poses 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.
Feed Phosphates 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.
Opportunities in the Feed Phosphates Market:
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.
Challenges in the Feed Phosphates Market:
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.
FEED PHOSPHATES MARKET REPORT COVERAGE:
Market Size Available
2020 - 2026
2022 - 2027
By Type, Livestock, Form and Region
Various Analyses Covered
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities
North America, Europe, APAC, Latin America, Middle East & Africa
Market Leaders Profiled
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) and Others.
Feed Phosphates Market Segmentation:
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.
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.
Feed Phosphates Market Regional Analysis:
The Feed Phosphates Market Report includes the segmentation of Regions:
Middle East & Africa
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 call for compound feed. After Asia-Pacific, Latin America has Brazil and Argentina with steadily escalating herds, which can potentially lead to higher call 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 the Eastern European, Russia has recently experienced an escalating call for feed phosphates.
Feed Phosphates Market Key Players:
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).
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.2 Monocalcium Phosphate
5.1.3 Dicalcium Phosphate
5.1.4 Mono-Dicalcium Phosphate
5.1.5 Tricalcium Phosphate
5.1.6 Defluorinated Phosphate
5.1.8 Y-o-Y Growth Analysis, By Type
5.1.9 Market Attractiveness Analysis, By Type
5.1.10 Market Share Analysis, By Type
5.2.5 Aquatic Animals
5.2.7 Y-o-Y Growth Analysis, By Livestock
5.2.8 Market Attractiveness Analysis, By Livestock
5.2.9 Market Share Analysis, By Livestock
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Type
188.8.131.52 By Livestock
6.1.4 Market Attractiveness Analysis
184.108.40.206 By Geographical Area
220.127.116.11 By Type
18.104.22.168 By Livestock
6.1.5 Market Share Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Type
188.8.131.52 By Livestock
6.2 North America
6.1.2 United States
6.3.6 South Korea
6.5 Latin America
6.4.5 Rest of Latin America
6.6 Middle East & Africa
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 The Mosaic Company
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 EuroChem Ltd.
8.3 Potash Corp.
8.4 PhosAgro Ltd.
8.5 OCP Group
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures
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