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Feed Phosphate Market Size
Feed Phosphate Market size surpassed USD 3.5 billion in 2022 and is projected to grow at 3% CAGR from 2023 to 2032 driven by the increasing meat consumption globally.
The thriving poultry and pork businesses in key regions are foreseen to complement industry expansion. The European Union is a leading poultry meat producer and a net exporter of poultry products. Government support for the development of the livestock farming sector is fueling demand for feed phosphate Europe. Several EU countries have launched assistance programs for pig farmers struggling with the consequences of the COVID-19 outbreak. Such favorable initiatives to tackle livestock disease outbreaks are anticipated to support market growth.
| Report Attributes | Details |
|---|---|
| Base Year: | 2022 |
| Market Size in 2022: | USD 3.5 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 3.4% |
| 2032 Value Projection: | USD 5 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 200 |
| Tables, Charts & Figures: | 213 |
| Segments covered: | Product, Livestock, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Growing inclination towards cheaper alternatives to impede the industry development
The inclusion of enzymes in animal feed in order to maximize feed utilization has become a standard in the meat production sector, which has led to the extensive use of phytase as a substitute for phosphate in animal feed. However, according to the National Center for Biotechnology Information, the antinutritional action of phytate might affect the digestibility of other nutrients and animal performance. Additionally, feed phosphate market participants are focused on cutting production costs by implementing new manufacturing techniques and introducing new affordable animal feed phosphate products.
Feed Phosphate Market Analysis
The industry share from the dicalcium phosphate p is estimated to amass USD 2.5 billion by 2032. Inorganic supplements, such as dicalcium phosphate, serve an important role in providing beneficial minerals that are necessary for enhancing animal performance and growth. The increasing usage of dicalcium phosphate feed as a raw material and additive for producing poultry and cattle feed in most countries as a result of increased awareness about its benefits is expected to positively influence sector growth.
The cattle feed phosphate market is poised to attain 3% gains through 2032. The livestock sector has emerged as a rapidly expanding agricultural sub-sector in middle- and low-income countries supported by rising incomes, changing diets and population increase. Phosphorus is essential for major bodily functions in cattle, including milk production, feed consumption and fat, carbohydrate along with protein metabolism. Regulatory measures to promote the production of healthy beef & milk products to minimize illness occurrence in both cattle and human customers are said to stimulate segment outlook.
Asia Pacific feed phosphate market revenue is predicted to cross USD 2 billion by 2032 owing to the mounting demand for meat and poultry products attributed to the increasing population and other structural changes, such as rapid urbanization and higher spending on fast food. Furthermore, the expanding middle-income population in emerging markets, such as China and India, is likely to fuel regional business growth. For instance, according to United Nations FAO data, China's supply of chicken, pig, beef, and mutton reached 75.5 million tons in 2022, surpassing the U.S.’ supply of 50.1 million tons.
Feed Phosphate Market Share
Some major enterprises in feed phosphate market are
- PhosAgro
- EuroChem
- The Mosaic Company
- OCP Group
- WengFu Group Co., Ltd.
- TIMAB (Phosphea)
- Elixir Group
- Rotem Turkey
- Reanjoy Laboratories
These organizations are engaging in strategic initiatives such as collaborations and product portfolio expansions to enhance their industry standing.
Impact of the COVID-19 pandemic
The COVID-19 pandemic had a negative influence on the milk and meat industries, as well as the animal and animal product processing sectors. The supply chain of animal feed raw materials has been affected as a result of limitations on animal movement caused by pandemic-induced lockdowns. Regular production, supply, and consumption patterns were drastically disturbed, resulting in the depletion of essential feed elements in livestock diets. This also led to an increase in the costs of animal feed materials, thereby hampering feed phosphate business expansion. However, the decline in infection rates and changing meat consumption trends are likely to foster the market statistics for feed phosphate.
This market research report on feed phosphate includes in-depth coverage of the industry with estimates & forecasts in terms of volume in million tons and revenue in USD billion from 2018 to 2032 for the following segments:
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Market, By Product
- Monocalcium Phosphate
- Trialcium Phosphate
- Dialcium Phosphate
- Ammonium Phosphates
- Defluorinated Phosphate
- Others
Market, By Livestock
- Poultry
- Cattle
- Aquaculture
- Swine
- Pet
- Others
The above information has been provided for the following regions and countries:
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Thailand
- Malaysia
- Latin America
- Brazil
- Middle East & Africa
- UAE
- South Africa
- Saudi Arabia
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