Feed Phosphates Size, Share, Growth, Demand, Emerging Trends and Forecast by 2029
Data Bridge Market Research analyses that the feed phosphates market will project a compound annual growth rate (CAGR) of 4.30% during the forecast period of 2022-2029 and is likely to reach the USD 3.52 billion by 2029.
Phosphorous is a micronutrient required by practically all living organisms for proper growth and development in a reasonable amount of time. Phosphorus is delivered to animals in the form of feed phosphates in animal feed. Feed phosphates are inorganic salts of phosphoric acid that are used to supplement an animal's diet with phosphorus to guarantee optimal growth, performance, fertility, and bone development. Phosphates in animal feed boost laying capacity and help to avoid disease, hence they're commonly utilized in animal feed.
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Some of the major players operating in the feed phosphates market are Mosaic, Nutrien Ltd., OCP, Yara, EuroChem Group, PhosAgro Group of Companies, Groupe Roullier, Ecophos Group, FOSFITALIA GROUP, J.R. Simplot Company, Quimpac S.A.,Wengfu Australia Pty Ltd., De Heus Animal Nutrition, Ma’aden, SINOCHEM YUNLONG CO.,LTD, and AG CHEMI GROUP s.r.o., among others.
Global Feed Phosphates Market Scope and Market Size:
The feed phosphates market is segmented on the basis of type, livestock, and form. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the feed phosphates market is segmented into calcium phosphate, sodium phosphate, ammonium phosphate and others. The segment of calcium phosphate is further sub-segmented into dicalcium phosphate, monocalcium phosphate, mono-dicalcium phosphate, defluorinated phosphate, and tricalcium phosphate.
- Based on livestock, the feed phosphates market is segmented into poultry, swine, ruminants, aquaculture, and others.
- Based on the form, the feed phosphates market is segmented into powder, and granule.
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Feed Phosphates Market Country Level Analysis:
The global feed phosphates market is analyses and market size, volume information is provided by country, type, livestock, and form as referenced above.
The countries covered in the feed phosphates market report are U.S., Canada, Mexico in North America, Germany, Poland, Ireland, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, Rest of South America as a part of South America, UAE, Saudi Arabia, Egypt, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America dominates the feed phosphates market and will continue to flourish its trend of dominance during the forecast period owing to the increasing consumption of meat products and presence of favourable regulatory norms in this region. Asia-Pacific is expected to grow during the forecast period of 2022-2029 due to the increasing level of disposable income, rising number of population and high consumption of meat as well as meat products in this region.
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