MARKET REPORT FEED & ADDITIVE MAGAZINE May 2022 79 Moreover, feed phosphates optimize the nutritional value of foods and further improve the quality of meat and dairy products. For example, optimized tenderness in meat, high selenium content in eggs, and high calcium content in milk are some examples of beneficial changes for consumers of livestock products that are caused by the addition of feed phosphates. Most of the feed phosphates used are calcium phosphates in different forms including monocalcium phosphate, tricalcium phosphate, and dicalcium phosphate. They act as substitutes or additives, thereby providing supportive functions including development of skeletal tissues, protein synthesis, energy utilization and transfer, along with maintenance of osmotic pressure and acid base balance. All these superior properties are expected to stimulate the global market size. MARKET GROWTH EXPECTATIONS Growth prospects for the global feed phosphates market range from 3 to 4%. Different research companies offer different projections of the size of the market. For example, in Research and Markets' Feed Phosphates Market Research Report, global feed phosphates market size is estimated at USD 3.31 billion in 2021, USD 3.45 billion in 2022, and is projected to grow at a compound annual growth rate (CAGR) of 4.48% to reach USD 4.31 billion by 2027. Data Bridge Market Research projects that the feed phosphates market will register a CAGR of 4.30% during the forecast period of 2022-2029 and is likely to reach the USD 3.52 billion by 2029. On the other hand, according to the report of Market Data Forecast; global feed phosphate market was valued at USD 2.53 billion in 2021 and is predicted to reach USD 2.95 billion in 2026, with a CAGR of 3.3% during the forecast period. MARKET DRIVERS & RESTRAINTS High nutrient requirement for poultry production along with favorable regulatory norms in North America, rising meat and meat product consumption in Asia Pacific, growing pork and poultry business along with increasing livestock disease outbreaks in Europe... All of these are expected to be the main drivers that will stimulate feed phosphates market in the coming period. According to the report of Data Bridge Market Research; the rising threat of diseases in livestock and increasing prevalence of favorable regulatory norms will influence the revenue growth of feed phosphates market. The upsurge in the demand of meat and dairy products will accelerate the market’s growth. Rapid urbanization and increasing level of
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