Market Data Forecast

Feed Phosphate Improves Quality of Cattle and Poultry: North America Markets

North America Feed Phosphate Market was worth USD 1.24 billion in 2016 and is expected to reach USD 1.40 billion by 2021 with a CAGR of 2.5 %.

 

Hyderabad, India -- (SBWIRE) -- 03/16/2018 -- Phosphate is a product of a combination of calcium carbonate or calcium sulphate and phosphoric acid. Adequate quantity of phosphorus from feed phosphate facilitates in animal growth and improves farm animal's health by adding nutrients. It helps in growing animal fertility and calcium supply in a fodder facilitating bone increase. There are numerous advantages related to the phosphate feed usage which incorporates meat product satisfactory enhancement, dietary first-rate improvement, and ease of feed digestibility.

Phosphate chemical compounds are used commercially in fertilizers, animal feeds, and as components in meals. Basic animal feed–grade phosphates are expected to account for simplest 5% of worldwide phosphate consumption.

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North America Feed Phosphate marketplace became really worth USD 1.24 billion in 2016 and is predicted to attain USD 1.40 billion through 2021 with a CAGR of 2.5 %.
The increase in meat consumption across the regions of North America is predicted to propel the enterprise growth over the following 8 year period. Moreover, the rising demand for dairy products is some other key factor that is presumed to make contributions in the direction of the market growth.

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Phosphorus, along with calcium and magnesium is crucial for the proper formation and increase of bones in animals. Sufficient phosphorus consumption is vital at some point in life to ensure healthy bones and tooth. Feed phosphates, blended with industrial feed, additionally optimize the nutritional rate of feed and in addition, results in the fine quality of meat and dairy products. Inorganic feed phosphates are basically salts of phosphoric acid extracted from phosphate rock.

Industrialization of the meat processing industry is expected to impact the feed phosphate market definitely. Demand for better pleasant dairy and meat products is presumed to reinforce the enterprise demand because of rising awareness towards advantages associated with such feed components.

On the premise of geography, the North America market is analyzed under numerous areas particularly the U.S.A and Canada. The North America Feed Phosphate Market has been significantly wedged due to the rapid population growth and raising disposable income.

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The key players of the market include EuroChem Ltd., The Mosaic Company, Potash Corp., PhosAgro, and OCP Group.

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