Market Research Report
Feed Phosphates Market by Type (Dicalcium, Monocalcium, Mono-dicalcium, Defluorinated, and Tricalcium), Livestock (Ruminants, Swine, Poultry, and Aquaculture), Form (Powder and Granule), and Region - Global Forecast to 2024
|Published by||MarketsandMarkets||Product code||297351|
|Published||Content info||160 Pages
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|Feed Phosphates Market by Type (Dicalcium, Monocalcium, Mono-dicalcium, Defluorinated, and Tricalcium), Livestock (Ruminants, Swine, Poultry, and Aquaculture), Form (Powder and Granule), and Region - Global Forecast to 2024|
|Published: May 29, 2018||Content info: 160 Pages||
The feed phosphates market is estimated to be valued at USD 2.25 billion in 2018 and is projected to reach 2.80 billion by 2024, at a CAGR of 3.7%. Feed phosphates play an important role in animal nutrition. An adequate supply of feed phosphates in animal feed is critical for the optimal performance and well-being of animals. Feed phosphates strengthen the immune and reproductive systems of livestock and help in improving the metabolism of livestock, and are, therefore, widely used in all types of feed for livestock such as poultry, ruminants, swine, aquatic animals, and equine. The market is driven by the rise in consumption of meat and dairy products and high threat of diseases in livestock. Fluctuating prices of phosphate and increasing use of substitutes such as phytase are the major restraints for the growth of this market.
The monocalcium phosphate segment is projected to grow at the highest CAGR during the forecast period. Monocalcium phosphate has the highest digestible phosphorus content, which is the main reason why many feed manufacturers and producers are beginning to switch from DCP to MCP. The high solubility and optimal phosphorus concentration of MCP also offer increased flexibility in dietary formulations.
The feed phosphates market, by livestock, is estimated to be dominated by the poultry segment in 2018. It is also projected to be the fastest growing through 2024. On a global level, the total poultry production has been increasing; with such growth in poultry production and consumption, it has become important for meat producers to focus more on quality. Poultry requires relatively large amounts of calcium and phosphorus for normal growth and skeletal development, which gives a boost to the feed phosphates consumption.
The European market is estimated to be the largest in 2018. The market in the region is driven by the consumption of feed phosphates, as this is a major livestock producer. Meat stands as one of the important segments of the European agricultural sector. The policies formed by the EU encourage animal producers to use healthy and nutrient-rich feed additives and balance their impact of production on the environment thus driving the growth of the feed phosphates market. The South American market is projected to grow at the highest CAGR from 2018 to 2024. The annual livestock production in this region has increased, subsequently driving the demand for compound feed. The rapid expansion of the livestock industry in the region has resulted in a steady import of feed phosphates. Several product developments by market players in the region, along with the increased use of compound feed, are expected to drive the market for feed phosphates.
The breakdown of the primaries on the basis of company type, designation, and region, conducted during the research study, is as follows:
Key feed phosphates manufacturing players include the following:
The key players in the feed phosphates market adopted mergers & acquisitions as their key growth strategy to increase their market share and profits. Expansions accounted for the second most important growth strategy to be adopted by market players.
The report analyzes the feed phosphates market across different types and regions. It aims at estimating the size and future growth potential of this market across different segments such as type, livestock, form, and region. The report also includes in-depth competitive analysis of the key players in the market, along with their company profiles, recent developments, and key market strategies.
*Details on Business overview, Products offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.