Feed phosphates are used as supplements for the
diets of livestock, such as poultry, swine, cattle, and aquatic animals. They
help animals attain faster growth, improving gut functionality, fertility, and
aiding bone development. Feed phosphates optimize the nutritional value of feed
and further enhance the quality of meat and dairy. The market is driven by the
rise in consumption of meat and dairy products and high threat of diseases in
livestock.
The dicalcium phosphate segment is estimated to be the largest
in 2018
The feed
phosphates market, by type, is estimated to be dominated by the dicalcium
phosphate segment. A good source of nutritional minerals in livestock,
dicalcium phosphate helps in regulating the energy metabolism. It is used to
maintain adequate dietary levels of phosphorus and calcium in animals. The high
bioavailability of phosphorus in dicalcium phosphate, coupled with its low
cost, leads to the dominance of dicalcium phosphate in the feed phosphates
market.
The poultry segment is projected to be the largest & fastest
growing during the forecast period
The
poultry segment is projected to be the fastest-growing, by livestock, during
the forecast period. Out of all minerals required by poultry, only some can be
met by the natural feedstuffs in their diets, thereby resulting in the
inclusion of mineral supplements, such as feed phosphates in feed formulations.
Poultry requires relatively larger amounts of calcium and phosphorus for normal
growth and skeletal development. The most used feed phosphates in poultry diets
are dicalcium phosphate, defluorinated phosphate, and tricalcium phosphate, all
of which supply both calcium and phosphorus.
The powder segment set to dominate the market by 2024
The
feed phosphates market, by form, is projected to be dominated by the powder
segment during the forecast period. Feed phosphates, in their powder form, are
widely used in feed formulations due to their free-flowing structure and
ability to provide consistency. Such factors are expected to drive the market
for the powdered form of feed phosphates during the forecast period.
South America is projected to be the fastest-growing market
during the forecast period
The
South American market is projected to grow at the highest CAGR from 2018 to
2024 The rising demand for meat and the rising income levels in emerging
economies such as Brazil and Argentina are the key factors that drive the feed
phosphates market. Countries in this region have been increasing their
production of feed phosphates to enhance the meat quality of livestock.
Development of the animal husbandry sector drives the demand for feed
phosphates, which is further promoted by a growing market for feed additives.
This
report includes a study of marketing and development strategies, along with the
product portfolios of leading companies. It includes the profiles of leading
manufacturers such as include The Mosaic Company (US), Phosphea (France),
Nutrien Ltd. (Canada), OCP Group (Morocco), and 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) are other players that hold a
significant share in the feed phosphates market.
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