Global Feed Phosphate Market Report added at Market Study Report offers industry size, share, growth, trends and forecast analysis up to 2027. Feed Phosphate Market Report also covers top key players, porters five forces analysis and market segmentation in detail. This report examines the global Feed Phosphate market and provides information regarding the revenue for the period 2021 to 2027.
Phosphorous is one of the key elements in animal nutrition and supports essential metabolic functions like cell growth, protein synthesis, fertility, and development of skeletal tissue. It is incorporated in animal feed in the form of monocalcium phosphate (MCP) and dicalcium phosphate (DCP), which are obtained by reacting phosphoric acid with calcium carbonate.
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The feed phosphate market is set to register substantial growth by 2027 on account of rising emphasis on animal feed to improve productivity worldwide. In addition, mounting demand for animal products, including milk, eggs, and meat, is likely to fuel market demand.
Increasing focus on phosphorous requirement in animal nutrition to boost immunity and fertility has augmented market adoption in recent years. Moreover, technological advances and increasing mechanization in the processing of phosphates for animal feed production have also fostered industry growth.
The feed phosphate market from the pet sub-segment is foreseen to garner notable gains by 2027, progressing at a CAGR of about 3.5% over the review period. The others sub-segment, which includes flocks and herds, is speculated to grow at a CAGR of around 3.5% over the stipulated timeline to reach a sizable valuation by the end of 2027.
Furthermore, industry players are employing lucrative strategies to monetize rapidly emerging market trends by undertaking merger & acquisitions as well as establishing partnerships, which has been favorable for the overall business scenario. For instance, in August 2021, EuroChem Group AG, a global fertilizer company, announced the acquisition of the Serra do Salitre phosphate project in Brazil. The deal enabled EuroChem to enhance self-sufficiency for phosphate and to strengthen its footing in the fertilizer sector in Brazil.
The feed phosphate market has been segmented based on livestock, product, and region. With respect to product, the market has further been categorized into defluorinated phosphate, monocalcium phosphate, dicalcium phosphate, tricalcium phosphate, ammonium phosphate, and others.
The dicalcium phosphate sub-segment and the defluorinated phosphate sub-segment are projected to grow at a CAGR of more than 2.5% over the forecast period. Meanwhile, the others sub-segment, which includes monodicalcium phosphate, is predicted to grow at around 2.5% CAGR through the estimated timeframe.
In terms of livestock, the market has been divided into swine, aquaculture, pet, cattle, poultry, and others. The swine sub-segment is slated to observe steady expansion by 2027, growing at over 3% CAGR through the assessment period.
The global feed phosphate market is competitive and includes various players such as Phosagro, EuroChem Group, The Mosaic Company, Rotem Turkey, Lifosa, Reaenjoy Laboratories, and Yara International ASA.
From the regional perspective, the Latin America feed phosphate market is expected to witness robust growth by 2027, expanding at a CAGR of approximately 4% through the review period. The Middle East & Africa feed phosphate market is estimated to record considerable growth at above 2.5% CAGR over the analysis period.
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