The feed phosphate market is thriving as a worldwide crucial component of animal nutrition. These essential nutrients promote animal health, growth, and productivity. With the global population’s increasing appetite for meat and dairy products, the demand for feed phosphate is rising, especially in the poultry and livestock sectors.
In 2023, the global feed phosphate market is valued at approximately US$ 3.61 billion, with projections indicating it will reach US$ 4.84 billion by 2033. This growth trajectory is driven by a consistent compound annual growth rate (CAGR) of 4% from 2023 to 2033.
The middle-class population is driving a significant increase in spending due to rising disposable income. Government agencies encouraging livestock development helped promote animal husbandry among the public, particularly the poorer portions, by highlighting the importance of animal nutrition in animal welfare.
The industrialization of the meat business, particularly the poultry and hog industries, has been a critical enabler to the feed phosphate industry. There is an exponential rise in lean meat consumption owing to the growing recognition of its health benefits. The increasing cost of raw materials, as well as the global paucity of phosphate sources, is constraining the feed phosphate industry.
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Market’s Windows of Opportunity
Opportunities affecting the feed phosphate market dynamics include rising demand for natural feed products and replacements, such as using phytase in making animal feed as blends to reduce the high manufacturing costs.
Numerous companies also invested in research and development for the long-term use of phosphate. Livestock production has expanded internationally and across all animal species to fulfill the demands of the population’s altering nutritional patterns, particularly in developing markets.
Quality Meat and Cattle Milk Production are Becoming Increasingly Prevalent.
The cattle feed phosphate market is expected to grow rapidly through 2033. The livestock sector has evolved as a fast-developing agricultural sub-sector in middle and low-income nations, owing to rising incomes, changing diets, and population growth.
Phosphorus is required for many biological activities in cattle, including milk production, feed consumption, and lipid, carbohydrate, and protein metabolism. Regulatory steps to enhance the development of healthy beef and milk products to reduce illness occurrence in cattle and human customers are predicted to boost segment outlook.
Asia Pacific dominates the Feed Phosphate Industry
Throughout Asia Pacific, particularly in China, India, Malaysia, Vietnam, and Thailand, the demand for animal protein is increasing due to rapid economic growth.
The region’s increased use of complex feed and anticipated notable growth rate have spurred meat output in response to the rising need for meat protein. Compound feed is becoming significant in enhancing meat quality and nutritional content.
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“Feed phosphate is a vital component in animal nutrition. Its incorporation into livestock and poultry feeds plays a crucial role in ensuring proper growth, health, and the efficient utilization of nutrients, contributing significantly to the global agriculture and livestock industries.” cited by Lead Analyst, Future Market Insights, Inc.
- Until 2033, the cattle feed phosphate market is scheduled to expand at a robust CAGR of 3%.
- By 2033, it is predicted that the calcium phosphate market may have attained a value of US$ 2.5 billion.
- By 2033, the Asia Pacific feed phosphate market is expected to generate more than US$ 2 billion in revenue.
Feed Phosphate Market Competitive Landscape
The feed phosphate market is slightly consolidated. This business concentrates on growing its operations and implementing tactics like growth, mergers, and creative product improvements. Leading feed phosphate manufacturers focused on buying feed mills and small factories to increase their market share in domestic and international markets.
These businesses concentrated on regional business expansion and constructing a new plant to increase production capacity and a product line. The feed phosphate manufacturers are enhancing the production capacities of their current plants.
Feed Phosphate Market Leaders
- The Mosaic Company
- OCP Group
- Potash Corporation
Significant Business Developments
PHOSPHEA announced the introduction of HumIPHORA, a ground-breaking innovation in the phosphate industry, in April 2022. The European Animal Feed Record lists this calcium monophosphate (008979-EN). HumIPHORA lessens the amount of phosphate added to recipes compared to other available sources.
The Serra do Salitre phosphate project in Brazil was purchased by EuroChem Group in February 2022. In the years to come, this acquisition may boost sales of phosphate used in animal feed because it increases phosphate development.
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Feed Phosphate by Type:
- Dicalcium Phosphate
- Monocalcium Phosphate
- Tricalcium Phosphate
- Defluorinated Phosphate
Feed Phosphate by Livestock:
- North America
- Latin America
- Asia Pacific
- Middle East Asia
Nandini Roy Choudhury (Client Partner for Food & Beverages at Future Market Insights, Inc.) has 7+ years of management consulting experience. She advises industry leaders and explores off-the-eye opportunities and challenges. She puts processes and operating models in place to support their business objectives. She has exceptional analytical skills and often brings thought leadership to the table.
Nandini has vast functional expertise in key niches, including but not limited to food ingredients, nutrition & health solutions, animal nutrition, and marine nutrients. She is also well-versed in the pharmaceuticals, biotechnology, retail, and chemical sectors, where she advises market participants to develop methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and marketing effectiveness, acquisitions and post-merger integration and cost reduction. Nandini has an MBA in Finance from MIT School of Business. She also holds a Bachelor’s Degree in Electrical Engineering from Nagpur University, India. Nandini has authored several publications, and quoted in journals including Beverage Industry, Bloomberg, and Wine Industry Advisor.
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The post Feed Phosphate Market Valuation to Reach US$ 4.84 Billion in 2033 Driven by Growing Poultry and Pork Industry Presence in Key Locations | Future Market Insights Inc. appeared first on Future Market Insights.
Original Source of the original story >> Feed Phosphate Market Valuation to Reach US$ 4.84 Billion in 2033 Driven by Growing Poultry and Pork Industry Presence in Key Locations | Future Market Insights Inc.