Feed phosphates are used to optimize the nutritional value of feed and further enhance the quality of meat and dairy products, optimize tenderness in meat, increase selenium content in eggs, and high calcium content in milk. Therefore, the rise in consumption of meat & dairy products and prevalence of diseases in livestock are the factors driving this market. The feed phosphates market was valued at USD 2.18 billion in 2017; this is projected to reach USD 2.80 billion by 2024, at a CAGR of 3.7% during the forecast period.

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The feed phosphates market, based on type, has been segmented into dicalcium phosphate, monocalcium phosphate, mono-dicalcium phosphate, defluorinated phosphate, tricalcium phosphate, and others. The market for dicalcium phosphate is estimated to dominate in 2018. The monocalcium phosphate (MCP) segment is projected to witness the fastest growth during the forecast period. The growth of the monocalcium phosphate segment can be attributed to some of its advantages, such as neutralizing the harmful effects of various elements including sodium, potassium, and magnesium. In addition, the use of monocalcium phosphate helps in improving the efficiency of carbohydrate, protein, fat, mineral, & energy metabolism in the body, which contributes toward the growth of this segment.

The feed phosphates market, by form, has been segmented into powder and granule. The powder segment is estimated to dominate the market in 2018 and is projected to grow at the highest CAGR by 2024. This segment is projected to dominate as it remains the preferred form of feed phosphate among feed formulators and livestock owners and is the key product offered by most of the major market players. The free-flowing structure of the powder form makes its use as a feed phosphate effective by providing consistency to the formulation.

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The feed phosphates market, by livestock, has been segmented into ruminants, swine, poultry, aquaculture, and others. It was dominated by the poultry segment in 2018 and is projected to witness the fastest growth during the forecast period. The growth in demand for quality meat products has led to an increase in the use of feed phosphates in poultry diets due to its high nutritive value. Due to these benefits, feed phosphate remains a preferred alternative to the traditional feed. For normal growth and skeletal development of poultry, the demand for products rich in calcium and phosphorus has increased, which in turn has fueled the demand for feed phosphates. The increasing demand for poultry meat production is expected to drive the demand for feed phosphates in this segment.

The global market for feed phosphates is dominated by large-scale players, such as The Mosaic Company (US), Phosphea (France), Nutrien Ltd. (Canada), OCP Group (Morocco), and Yara International ASA (Norway).

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