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Boston, MA -- (SBWIRE) -- 03/24/2014 -- 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
The feed phosphate market is flourishing due to the increasing use of feed and feed additives in the livestock industry. The leading feed manufacturers are increasingly using feed phosphate for supplementing the diet of animals. The market for dicalcium phosphate was the largest in 2012, and is projected to grow with the increasing demand for feed phosphates in the livestock industry. Benefits such as development of bones, functioning of immune system and regulation of metabolism by feed phosphates in livestock are driving the demand of feed phosphate in the feed industry. The monocalcium phosphate market is comparatively smaller, and is projected to grow at the highest CAGR of 3.6% from 2013 to 2018.
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The feed phosphate market is projected to reach $5,328.3 million by 2018. The report analyzes the market, segmented with respect to the main regions of the world. The report provides a comprehensive analysis of the feed phosphate market. It categorizes the feed phosphate market based on type, livestock, and geography. The increasing demand for meat and industrialization of pork and poultry meat sectors, has accelerated growth of the feed phosphate market.
FEED PHOSPHATE MARKET VALUE, BY TYPE, 2013 VS. 2018 ($MILLION)
Source: MarketsandMarkets Analysis
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