Feed Phosphate Market- Outlook On Emerging Application, Revolutionary Trends & Potential Growth Strategies 2033
The feed phosphate market is thriving as a worldwide crucial component of animal nutrition. These essential nutrients promote animal health, growth, and productivity. With the global population’s increasing appetite for meat and dairy products, the demand for feed phosphate is rising, especially in the poultry and livestock sectors.
In 2023, the global feed phosphate market is valued at
approximately US$ 3.61 billion, with projections indicating it will reach US$
4.84 billion by 2033. This growth trajectory is driven by a consistent compound
annual growth rate (CAGR) of 4% from 2023 to 2033.
The middle-class population is driving a significant
increase in spending due to rising disposable income. Government agencies
encouraging livestock development helped promote animal husbandry among the
public, particularly the poorer portions, by highlighting the importance of
animal nutrition in animal welfare.
The industrialization of the meat business, particularly the
poultry and hog industries, has been a critical enabler to the feed phosphate
industry. There is an exponential rise in lean meat consumption owing to the
growing recognition of its health benefits. The increasing cost of raw materials,
as well as the global paucity of phosphate sources, is constraining the feed
phosphate industry.
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Market’s Windows of Opportunity
Opportunities affecting the feed
phosphate market dynamics include rising demand for natural feed
products and replacements, such as using phytase in making animal feed as
blends to reduce the high manufacturing costs.
Numerous companies also invested in research and development
for the long-term use of phosphate. Livestock production has expanded
internationally and across all animal species to fulfill the demands of the
population’s altering nutritional patterns, particularly in developing markets.
Quality Meat and Cattle Milk Production are Becoming
Increasingly Prevalent.
The cattle feed phosphate market is expected to grow rapidly
through 2033. The livestock sector has evolved as a fast-developing
agricultural sub-sector in middle and low-income nations, owing to rising
incomes, changing diets, and population growth.
Phosphorus is required for many biological activities in
cattle, including milk production, feed consumption, and lipid, carbohydrate,
and protein metabolism. Regulatory steps to enhance the development of healthy
beef and milk products to reduce illness occurrence in cattle and human
customers are predicted to boost segment outlook.
Asia Pacific dominates the Feed Phosphate Industry
Throughout Asia Pacific, particularly in China, India,
Malaysia, Vietnam, and Thailand, the demand
for animal protein is increasing due to rapid economic growth.
The region’s increased use of complex feed and anticipated
notable growth rate have spurred meat output in response to the rising need for
meat protein. Compound feed is becoming significant in enhancing meat quality
and nutritional content.
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“Feed phosphate is a vital component in animal
nutrition. Its incorporation into livestock and poultry feeds plays a crucial
role in ensuring proper growth, health, and the efficient utilization of
nutrients, contributing significantly to the global agriculture and livestock
industries.” cited by Lead Analyst, Future Market Insights, Inc.
Key Takeaways:
- Until
2033, the cattle feed phosphate market is scheduled to expand at a robust
CAGR of 3%.
- By
2033, it is predicted that the calcium phosphate market may have attained
a value of US$ 2.5 billion.
- By
2033, the Asia Pacific feed phosphate market is expected to generate more
than US$ 2 billion in revenue.
Feed Phosphate Market Competitive Landscape
The feed phosphate market is slightly consolidated. This
business concentrates on growing its operations and implementing tactics like
growth, mergers, and creative product improvements. Leading feed phosphate manufacturers
focused on buying feed mills and small factories to increase their market share
in domestic and international markets.
These businesses concentrated on regional business expansion
and constructing a new plant to increase production capacity and a product
line. The feed phosphate manufacturers are enhancing the production capacities
of their current plants.
Feed Phosphate Market Leaders
- The
Mosaic Company
- Eurochem
- Phosagro
- OCP
Group
- Potash
Corporation
Significant Business Developments
- Launch
PHOSPHEA announced the introduction of HumIPHORA, a
ground-breaking innovation in the phosphate industry, in April 2022. The
European Animal Feed Record lists this calcium monophosphate (008979-EN).
HumIPHORA lessens the amount of phosphate added to recipes compared to other
available sources.
- Acquisition
The Serra do Salitre phosphate project in Brazil was
purchased by EuroChem Group in February 2022. In the years to come, this
acquisition may boost sales of phosphate used in animal feed because it increases
phosphate development.
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Key Segmentation:
Feed Phosphate by Type:
- Dicalcium
Phosphate
- Monocalcium
Phosphate
- Tricalcium
Phosphate
- Defluorinated
Phosphate
- Others
Feed Phosphate by Livestock:
- Poultry
- Cattle
- Aquaculture
- Swine
- Pet
By Region:
- North
America
- Latin
America
- Europe
- Asia
Pacific
- Middle
East Asia
Information Source: https://www.futuremarketinsights.com/reports/feed-phosphate-market
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