Market Overview:

Feed Phosphate Market was worth USD 5.47 billion in 2019 and is expected to reach USD 6.34 billion by 2024 with a CAGR of 3.0%. Phosphate is a vital nutrient for animals for optimal growth, fertility, and bone development. However, they could not produce enough phosphate themselves and are therefore added to the animal feed to ensure the required nutrient content. There are several benefits associated with using foods with phosphate, including improving meat quality, improving nutritional quality, and easy digestibility of foods.

Market Drivers and Restraints:

The increase in meat consumption, the structuring of the pig and poultry industry, and the development of livestock during their growth phases are some of the factors driving the market. However, the increase in raw material expenditures, the stringent regulations, and the lower availability of phosphate reserves are some of the main factors limiting the market.

The market for phosphate food is structured according to species and livestock. Depending on the type, the market is divided into monocalcium phosphate, dicalcium phosphate, monodicalcium phosphate, tricalcium phosphate, defluorinated phosphate, and others. Based on livestock, the market is more heavily divided into pigs, poultry, livestock, aquatic animals, and so on.

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Report segmented as

By Type:

Monocalcium Phosphate
Dicalcium Phosphate
Mono-Dicalcium Phosphate
Tricalcium Phosphate
Defluorinated Phosphate
By Application:

Swine
Poultry
Cattle
Aquatic Animals
Geographical Analysis:

Geographically, the market is more segmented in Europe, North America, the Asia-Pacific region, Latin America, the Middle East, and Africa. The Asia-Pacific market dominates the market with the largest market share and highest CAGR worldwide. This is due to the presence of developing countries such as China and India and the growing demand for animal products. China accounted for around 23.5% of the global share. The European market is heavily regulated by administrative bodies such as the European Council of the Chemical Industry and the European Food Safety Authority. For Latin America, significant growth is expected over the forecast period.

Important Market Players:

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

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

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