Feed Phosphate Market Analysis

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.