The feed phosphate market was worth $4,620.3 million in 2012 and is expected to be $5,328.3 million in 2018, growing at a CAGR% of 2.9 from 2013. The animal feed phosphate market is growing steadily due to increase in meat product consumption. The demand driving factors are increasing mass production of meat, industrialization in meat production, and increasing demand for nutrition-rich meat products.
Dallas, TX -- (SBWIRE) -- 07/28/2015 -- The report "Feed Phosphate Market by Type (Dicalcium phosphate, Monocalcium phosphate, Tricalcium phosphate, Defluorinated phosphate & Others), by Livestock (Swine,Cattle, Poultry, Aquatic Animals & Others), by Geography - Global Trends & Forecasts to 2018" defines and segments the global feed phosphate market with analysis and projection of the global revenue for the market. It also identifies the driving and restraining factors in the global market with analysis of trends, opportunities, burning issues, winning imperatives, and challenges.
Browse more than 60 market data tables with 21 figures spread through 157 pages and in-depth TOC on "Feed Phosphate Market - Global Trends & Forecasts to 2018"
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The feed phosphate market is projected to reach $5,328.3 million by 2018, with a CAGR of 2.9% from 2013.
Feed phosphate is an important ingredient that is combined with basic feed mix to provide essential nutrition to animals and improve their overall growth. These help in improving the rate of weight gain, prevent deficiencies of calcium, enhancing the functioning of immune and nervous systems, and improve feed digestion. A variety of feed phosphates are used in different quantities and concentrations depending upon the type of animal. Dicalcium phosphate is the most popular type which is mostly used in feed grade of animals.
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Asia-Pacific and North America are the top two consumers of feed phosphates in the world. Growth is particularly high in emerging countries such as China, India, and Brazil, because of industrialization and rising meat consumption. U.S. is the largest market in North America. The demand driving factors of the feed phosphate market are industrialization in pork and poultry businesses, increasing meat production, and awareness of proper supplemental diet for animals. Crucial restraints of the industry are the increasing cost of phosphate and unavailability of phosphate reserves. However, the increasing use of feed products is creating opportunities for the feed phosphate grades. Environmental concerns and regulatory ban over some harmful additives are other opportunities for animal feed additives. The manufacturers are developing innovative production techniques to increase production capacity and make it cost-efficient.
The global market for feed phosphates, in terms of revenue, was estimated to be worth $4,620.3 million in 2013 and is expected to reach $5,328.3 million by 2018, growing at the CAGR of 2.9%. Leading manufacturers are focusing on expansion of their feed phosphate business across regions and setting up new plant so as to increase production capacity as well as strengthen their product line. Prominent industry participants are involved in acquisitions to penetrate untapped markets.
Key participants in the global animal feed phosphate market are: The Mosaic Company (U.S.), EcoPhos S.A (Belgium), PhosAgro (Russia), EuroChem (Russia), and J.R Simplot Company (U.S.), etc. The global market is witnessing rapid developments in the areas of product innovation and new technologies, with a focus on increasing efficiency in livestock production. Leading companies are focusing on expansion of the businesses across regions and setting up new plants for increasing production capacity as well as improving their product line. Most of investments are done by Russian companies in the Asia-Pacific region to set up new production units in order to cater to the rising demand in the region.
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