Market Overview:

The Global Feed Phosphate Market size is expected to grow from USD 2.64 billion in 2023 to USD 4.02 billion by 2032, at a CAGR of 4.79% during the forecast period (2024-2032).

Phosphorus is one of the vital minerals in animal nutrition. After calcium, it is the second most common mineral found in the animal body, predominantly in animal teeth and bones. Moreover, phosphorus plays an important role in the development and maintenance of skeletal tissue, maintaining osmotic pressure in body fluids, acid-base balance, energy utilization, protein synthesis, growth of cells, efficiency of feed utilization, and fertility. Deficiency of phosphorous has different effects in different animal species, to name a few Deficiencies of phosphorous in laying hen causes osteomalacia as well reduction in shell thickness.

Top Key Players for Feed Phosphate Market:

Mosaic Company (US), Phosphea (France), Nutrien Ltd. (Canada), OCP Group (Morocco), 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), Rotem Turkey (Turkey) and other major players.

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 Market Dynamics and Factors for Feed Phosphate Market:

Drivers:

Rapid growth in livestock population

The growing population of livestock and poultry farmers is the main driving force for the expansion of the feed phosphate additive market. Moreover, economic losses faced by livestock holders due to poor animal growth subjected to phosphate deficiency are propelling the growth of the market. Additionally, the increase in demand for dairy products across the globe is supporting the market growth. Growing awareness towards the benefits of phosphate additives and the rise in quality of meat products has boosted livestock holders to add phosphate as the main ingredient in animal feed.

Opportunities:

Growing concern about livestock health and livestock derived product

Livestock holders are paying keen attention to increasing yields from livestock as this is going to economically benefit them. The ever-growing demand for dairy and meat products and to meet this rising demand, animal nutrition plays an important role. Moreover, vulnerability to various diseases due to incompetent fodder is opening doors for feed phosphate market players to launch their phosphate-rich animal feed to recompensate the nutrition loss. Several methods can be applied for phosphorous recoveries like crystallization, biological phosphorous removal, chemical precipitation, and wet chemical process using fly ash. Recently, many innovations have been made on the phosphate recovery process thus, providing ample opportunities for the market players to invest in the research and development programs to tackle the depleting sources of phosphate.

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Segmentation Analysis of the Feed Phosphate Market:

By product, the monocalcium phosphate segment is expected to have the highest share of the feed phosphate market in the forecast period. Monocalcium phosphate acts as an inorganic phosphate supplement and plays a vital role in the animal feed industry. It provides animals with calcium and phosphorus, which aids in enhancing an animal's metabolism, and the functioning of nervous, immune, and reproductive systems, therefore, elevating productivity.

By livestock, the poultry segment is predicted to lead the feed phosphate market during the forecast period. The rise in the consumption of broiler meat attributed to high nutritional value, and least fat content has stimulated poultry growers for the usage of phosphate in animal feed. Chicks and grower birds need more phosphorus as compared to layers for skeletal growth. The laying birds require phosphorus for the production of eggs and maintenance of soft tissue and skeleton.

By Type

·       Monocalcium Phosphate (MCP)

·       Dicalcium Phosphate (DCP)

·       Tricalcium Phosphate (TCP)

·       Mono Dicalcium Phosphate (MDCP)

·       Monosodium Phosphate (MSP)

By Form

·       Powder

·       Granule

By Application

·       Swine

·       Poultry

·       Ruminants

·       Aquaculture

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Regional Analysis of the Feed Phosphate Market:

The North American region is forecasted to dominate the feed phosphate market during the forecast period. The feed phosphate market in the USA was estimated to be US$ 632.6 million in 2020. USA and Canada are the two prominent contributors to the development of the market in this region. The USA accounts for the larger share of the production of beef and is the second-largest exporter of beef. The growing consumption of meat and other dairy products are essential factors promoting the expansion of the feed phosphate market in this region.

By Region          

·       North America (U.S., Canada, Mexico)

·       Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

·       Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

·       Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

·       Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)

·       South America (Brazil, Argentina, Rest of SA)

 Key Industry Development:

In May 2023, OCP Group, a well-known worldwide supplier of phosphate-based plant and animal nutrition solutions, and Fertinagro Biotech S.L., a significant fertilizer manufacturer in Spain, completed the acquisition of Global Feed S.L. With this purchase, OCP can further strengthen its position as a leading player in the market and further solidify its devotion to developing a strong presence in the animal nutrition sector.

In April 2022, PHOSPHEA launched HumIPHORA, a new phosphate innovation. This calcium humophosphate, listed in the European Animal Feed Phosphea, provides high-quality phosphorus and improves the use of plant-based phosphorus. Its chelation properties reduce phosphate incorporation in formulas, making it a more effective alternative to conventional sources.

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