North America Feed Phosphat Market was worth USD 1.51 billion in 2021 and is expected to reach USD 1.92 billion by 2026 with a CAGR of 2.5 %.
Phosphate is a vital nutrient to the animals for optimal growth, fertility, and bone development. But they couldn’t produce enough phosphate on their own and hence it is added to the animal feed to deliver required nutritional content. There are various advantages related to the phosphate feed usage which includes nutritional quality enhancement, meat quality improvement, and ease in feed digestibility.
Drivers and Restraints of North America Feed Phosphat Market:
Structuring of pork and poultry industry, rising consumption of meat, developing livestock during their growth stages are the major factors driving the market. However, Stringent regulations, increasing the expense of raw materials, and less availability of phosphate reserves are some of the major factors restraining the market.
North America Feed Phosphate Market - By Livestock:
North America Feed Phosphate Market - By Livestock Stock:
Geographically, market is further segmented into US and Canada. North America is expected to show significant growth during the forecast period.
The key players in the market include EuroChem Ltd., The Mosaic Company, Potash Corp., PhosAgro, and OCP Group.
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