Feed Phosphate Market is anticipated to grow at a strong CAGR by 2026
Category: #health  By Rahul Sankrityayan  Date: 2020-05-04
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Feed Phosphate Market is anticipated to grow at a strong CAGR by 2026

Feed phosphate Market from aquaculture is expected to register significant gains at over 4% over the forecast period. The inclusion rate of these products in salmon feed is close to 1 percent. The usage of feed phosphates in aquaculture diets provides optimal growth, energy and bone development.

Phosphates are extracted from phosphate rock and further are further reacted with phosphoric acid for the manufacturing of feed phosphates. Further, these products enrich the quality of animal food providing them all the nutrients required for proper growth. The products help in controlling appetite providing palatability and appropriate digestion to animals along with performing other body functions such as maintenance of osmotic pressure and acid balance, energy utilization and transfer and development of skeletal tissues.

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Feed phosphates are majorly mixed with commercial animal food such as fodders and other premixes to enhance the quality of food along with addition of adequate mineral requirement in animal's daily dietary intake. These products are rich in phosphorous and calcium which further prevent livestock diseases and enhances the quality of meat produced for human consumption. These products help in providing essential nutrients required for bone development, fertility, reproduction, lactation along with increasing metabolism and immunity.

The products are added in animal feed and dairy products consumed by animals maintaining overall growth and wellness. Feed phosphate Market from poultry livestock is expected to surpass USD 5 billion by 2025. Rising prevalence of animal's diseases such as rickets along with high nutrient requirements for poultry production in U.S will drive the market demand of feed phosphates.

Feed phosphate Market from defluorinated phosphate may expect gains at over 2% by the end of forecast period. These feed products are used in granules or as milled products and is largely applied for enhancing compound feeds majorly in aquaculture diets along with mixtures consisting grass, concentrates, and ensilage. These products are good sources of phosphorous produced thermochemically and are used as feed additives in providing high-yielding animal production along with quality improvement.

North America led by U.S and Canada feed phosphate Market should expect significant gains at over 3.5% over the foreseeable timeframe owing to rising penetration of livestock diseases along with high nutrition requirements for poultry production in the U.S. Rising consumption of processed beef products are also expected to regional foster feed phosphate Market.

Europe led by Germany, France and Russia feed phosphate market should expect consumption at over 1 million by the end of 2025. Growing pork and poultry business and industrialization along with rising preference of consumer towards quality products containing low fat is expected to drive the regional industry growth.

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Asia Pacific led by China, India and Japan feed phosphate Market should exceed USD 5.5 billion by the end of forecast period. The pig population in China is vast and catering to its nutritional requirement is of utmost important. Changing lifestyle patterns, rapid urbanization and inclination of youth towards non-vegetarian diet for protein requirement will stimulate the market demand.

Global feed phosphate market share is partially fragmented and industry participants include players such as Elixir, The Mosaic Company, Eurochem, Yara International, OCP Group, Reanjoy, Rotem Turkey and Lifosa. Many participants in the feed phosphate industry are expanding their global reach by offering high quality products along with strong R&D investments for providing quality products at affordable costs.

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About Author

Rahul Sankrityayan

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Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Technology Magazine, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experie...

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