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Feed Phosphate Market Size

Report ID: GMI1349
Published Date: Feb 2023
Report Format: PDF

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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.

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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.

Feed Phosphate Market Report Attributes
Report Attribute	Details
Base Year:	2022
Feed Phosphate 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:	North America: High nutrient requirement for poultry production along with favorable regulatory norms Europe: Growing pork and poultry businesses along with increasing livestock disease outbreaks Asia Pacific: Rising meat and meat product consumption
Pitfalls & Challenges:	Increasing usage of cheap substitute products Rising environmental concerns

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Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of feed phosphate surpassed USD 3.5 billion in 2022 and is projected to register 3% CAGR during 2023 to 2032 attributed to the rising pork and poultry consumption globally.

The dicalcium phosphate product segment is estimated to amass around USD 2.5 billion revenue by 2032 owing to its rising use as an animal feed additive.

The Asia Pacific market is poised to be valued at USD 2 billion by the end of 2032 driven by the increasing demand for meat and poultry products.

PhosAgro, EuroChem, The Mosaic Company, OCP Group, WengFu Group Co., Ltd., TIMAB (Phosphea), Elixir Group, Rotem Turkey, and Reanjoy Laboratories, among others are some major enterprises operating in the business scenario.