Press Release / Business / Feed Phosphate Market worth in USD million by 2024

Feed Phosphate Market worth in USD million by 2024

Feed Phosphate Market: Trend Analysis
The global feed phosphate market is estimated and forecasted in terms of volume (KT) and revenue (USD million) generated by the market. The feed phosphate market is primarily driven by increasing demand for meat in developed and developing countries and growth in cattle population. Moreover, rising focus on health & nutrition of and rapid industrialization in the meat and dairy industry are factors that anticipated to fuel the feed phosphate market during the projected period. The major factor hindering the growth of the market is the strict government policies & regulation and increasing prices of raw material.
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Feed Phosphate Market: Description
Feed phosphate is a necessary element to meet the phosphorus requirements of the animals for the optimal growth, bone development and fertility of animals. The feed phosphate used in animal feeds is originated from the vegetal feed materials to compose these feeds. However, up to 80% of the phosphorus present in vegetal feed materials is in the form of phytate. Moreover, consistent phosphorus availability relies on strict quality control during the manufacturing process.
Feed Phosphate Market: Segmentation
The report analyses the feed phosphate market by type application, form and geography.
Segmentation by Type
Based on type the feed phosphate market is segmented into defluorinated phosphate, dicalcium phosphate, monocalcium phosphate, mono-dicalcium phosphate, tricalcium phosphate and others.
Segmentation by Application
Based on application, the feed phosphate market is categorized into poultry, swine, ruminants, aquaculture and others.
The swine segment is projected to be the fastest-growing segment in the feed phosphate market. The fastest growth is attributed to increasing demand for meat & meat products and rapid development of the meat production sector.
Segmentation by Form
By form the feed phosphate market is bifurcated into powder or granules. The powder for leads the market owing to its easy availability and ease of handling.
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Segmentation by Region
North America, Europe, Asia Pacific and Rest of the world. North America accounted for the largest share in the feed phosphate market.
Segmentation by Top Key Players
Some of the key participants in global feed phosphate market are The Mosaic Company, Nutrien Ltd, S.A OCP, Yara International ASA, EuroChem Group AG, PhosAgro, Ecophos, FOSFITALIA GROUPJ.R. Simplot Company, Sichuan Lomon Titanium Industry Co., Ltd, WengFu Group and Rotem Turkey.
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