Phosphate Rock Global Market Report 2026

Phosphate rock is a type of rock characterized by a significant presence of calcium phosphate along with other minerals such as calcium carbonate. This rock serves as a raw material in the production of calcium phosphate nutritional supplements designed for animals.

The primary types of phosphate rock are marine phosphate deposits, igneous phosphate deposits, and other variations. Marine phosphate deposits consist primarily of marine phosphorite from the continental shelf, containing synsedimentary, stratiform, and dispersed uranium in fine-grained apatite. These phosphate rocks find various applications, including their use in fertilizers, food and feed additives, industrial processes, and other applications. The distribution of phosphate rock products occurs through both online and offline channels, meeting the diverse needs of industries and sectors relying on these materials.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs have impacted the phosphate rock market by raising import costs for key phosphate sources, affecting supply chains for fertilizers, animal feed additives, and industrial applications. Regions such as asia-pacific, europe, and north america are most affected, particularly for marine and igneous phosphate deposits. While procurement costs and project timelines face pressure, tariffs are driving local production, boosting domestic beneficiation facilities, and encouraging investment in high-purity phosphate processing technologies.

The phosphate rock market research report is one of a series of new reports from The Business Research Company that provides phosphate rock market statistics, including phosphate rock industry global market size, regional shares, competitors with a phosphate rock market share, detailed phosphate rock market segments, market trends and opportunities, and any further data you may need to thrive in the phosphate rock industry. This phosphate rock market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The phosphate rock market size has grown marginally in recent years. It will grow from $27.72 billion in 2025 to $28.27 billion in 2026 at a compound annual growth rate (CAGR) of 2.0%. The growth in the historic period can be attributed to growth in agricultural production, rising demand for chemical fertilizers, expansion of animal feed industry, increasing industrial applications of phosphate rock, development of large-scale mining operations.

The phosphate rock market size is expected to see marginal growth in the next few years. It will grow to $30.25 billion in 2030 at a compound annual growth rate (CAGR) of 1.7%. The growth in the forecast period can be attributed to growth in organic and sustainable fertilizers, increasing demand for nutritional supplements in livestock, adoption of advanced beneficiation and processing techniques, expansion of industrial phosphate applications, focus on environmental compliance and green mining initiatives. Major trends in the forecast period include rising adoption of eco-friendly fertilizers, increasing use of phosphate rock in animal nutrition supplements, expansion of automated mining and processing technologies, growing focus on resource efficiency and waste reduction, rising preference for high-purity phosphate products in industrial applications.

The growth in food and feed production is expected to drive the expansion of the phosphate rock market in the coming years. Feed production involves converting raw agricultural products into animal feed. Rising food and feed production is being driven by global population growth, which increases the demand for agricultural output to meet the consumption needs of both humans and livestock. Phosphate rock supports this growth by supplying fertilizers that enhance crop yields, ensuring sufficient raw materials for food and feed production. For example, in October 2025, the UK's Department for Environment, Food & Rural Affairs (Defra) reported that the total value of UK Food, Feed, and Drink (FFD) imports increased by 5% in current prices, reaching £64.1 ($75.21) billion in 2024, and rose by 7% in real terms (adjusted for 2024 prices) after accounting for trade price inflation. Consequently, the rise in food and feed production is expected to fuel the growth of the phosphate rock market.

Leading companies in the phosphate rock market are seeking innovative methods to strengthen their market position, such as establishing phosphate fertilizer complexes. A phosphate fertilizer complex is an industrial facility where phosphate rock is converted into various phosphate-based fertilizers, like DAP (Diammonium Phosphate) and MAP (Monoammonium Phosphate). This approach boosts the demand for raw phosphate rock, supports market growth, and enhances global agricultural productivity by improving crop yields. For example, in March 2024, EuroChem Group AG, a Switzerland-based fertilizer producer with its own production capacity, launched a $1 billion phosphate fertilizer complex in Brazil. This facility, producing 1 million tonnes annually, aims to reduce Brazil's reliance on imports and protect its agricultural sector from market fluctuations. The plant emphasizes sustainability, featuring low water usage and a clean energy system. EuroChem's mine-to-farm approach ensures quality and reliability across the supply chain, advancing its goal of promoting food security in Brazil and beyond.

In September 2024, Coromandel International Limited (BSE: 506395, NSE: COROMANDEL), India's leading agri solutions company, announced the acquisition of an additional equity stake in Baobab Mining and Chemicals Corporation (BMCC), Senegal, for an undisclosed amount. Rock phosphate is an essential raw material for producing Phosphoric Acid, a key intermediate used in the manufacturing of Phosphatic fertilizers. Baobab Mining and Chemicals Corporation (BMCC) is a Senegal-based company engaged in rock phosphate mining.

Major companies operating in the phosphate rock market report are Indian Farmers Fertilizer Cooperative Limited, Vale Fertilizers and Energy Ltd., Nutrien Ltd., Yara International ASA, Mosaic Company, Rashtriya Chemicals & Fertilizers Ltd., Pradeep Phosphates Limited, OCP Group, EuroChem Group AG, ICL Group, PhosAgroCo, Coromandel International Limited, Krishak Bharati Cooperative Limited, Deepak Fertilizers and Petrochemicals Corporation Limited, Misr Phosphate, Hubei Xingfa Chemicals Group Co Ltd., Wengfu Group Co Ltd., Savannah Resources plc, Rock Phosphate Limited, Sam Phosphate Kenya Ltd., Nauru Phosphate Removal Company, Arif Phosphate Limited, Hindustan Fertilizers Limited

Asia-Pacific was the largest region in the phosphate rock market in 2025. The regions covered in the phosphate rock market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the phosphate rock market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The phosphate rock market consists of sales of quartz, clay, calcite, and dolomite. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Phosphate Rock Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses phosphate rock market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 16 geographies.
• Assess the impact of key macro factors such as geopolitical conflicts, trade policies and tariffs, inflation and interest rate fluctuations, and evolving regulatory landscapes.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on end user analysis.
• Benchmark performance against key competitors based on market share, innovation, and brand strength.
• Evaluate the total addressable market (TAM) and market attractiveness scoring to measure market potential.
• Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
• Report will be updated with the latest data and delivered to you within 2-3 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for phosphate rock ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The phosphate rock market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
• The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
• The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
• The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
• The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
• The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
• Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.

Scope

• Markets Covered:1) By Type: Marine Phosphate Deposits; Igneous Phosphate Deposits; Other Types
• 2) By Application: Fertilizers; Food And Feed Additives; Industrial; Other Applications
• 3) By Distribution Channel: Online; Offline
• Subsegments:
• 1) By Marine Phosphate Deposits: Offshore Deposits; Continental Shelf Deposits
• 2) By Igneous Phosphate Deposits: Magmatic Deposits; Pegmatitic Deposits
• 3) By Other Types: Sedimentary Deposits; Weathered Deposits
• Companies Mentioned: Indian Farmers Fertilizer Cooperative Limited; Vale Fertilizers and Energy Ltd.; Nutrien Ltd.; Yara International ASA; Mosaic Company; Rashtriya Chemicals & Fertilizers Ltd.; Pradeep Phosphates Limited; OCP Group; EuroChem Group AG; ICL Group; PhosAgroCo; Coromandel International Limited; Krishak Bharati Cooperative Limited; Deepak Fertilizers and Petrochemicals Corporation Limited; Misr Phosphate; Hubei Xingfa Chemicals Group Co Ltd.; Wengfu Group Co Ltd.; Savannah Resources plc; Rock Phosphate Limited; Sam Phosphate Kenya Ltd.; Nauru Phosphate Removal Company; Arif Phosphate Limited; Hindustan Fertilizers Limited
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
• Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time Series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data Segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery Format: Word, PDF or Interactive Report
• + Excel Dashboard
• Added Benefits
• Bi-Annual Data Update
• Customisation
• Expert Consultant Support

Added Benefits available all on all list-price licence purchases, to be claimed at time of purchase. Customisations within report scope and limited to 20% of content and consultant support time limited to 8 hours.