MARKET REPORT FEED & ADDITIVE MAGAZINE May 2022 81 According to the Feed Phosphate Market Report of Research Nester; high cost of phosphate salts, such as monocalcium and dicalcium phosphates, has led to increase in the usage of substitutes such as phytase, which is lower in cost and can be used as a means of controlling the overall feed cost. Apart from being comparatively cost-effective, the usage of phytase in feed has many advantages and fulfills various functionalities of feed phosphates, such as enhancing digestive processes, improving bone health, accentuating body weight, and breaking down indigestible phytic acid (found in grains and oilseeds), thus aiding the release of digestible phosphorus, calcium and other nutrients that help the growth of animals. Further, phytase promotes higher feed intake when compared to feed phosphates, which help in the physical development of animals, leading to better performance. Lack of awareness in developing countries, instability in pricing of phosphate, and an increased usage of substitutes are major restraints for the growth of this market. MARKET STATUS BASED BY TYPE On the basis of type, feed phosphates market is segmented into calcium phosphate, sodium phosphate, ammonium phosphate and others. The segment of calcium phosphate is further sub-segmented into dicalcium phosphate, monocalcium phosphate, mono-dicalcium phosphate, defluorinated phosphate and tricalcium phosphate. Among all these types of feed phosphates, an increase in demand to the use of monocalcium phosphate in animal feeds is expected due to its high phosphorus content. According to the Feed Phosphate Market Report of Global Market Insights Inc.; monocalcium feed phosphate market surpassed USD 770 million in 2020 and is anticipated to witness significant gains over the predicted timeframe (2021-2027). The increasing use of monocalcium phosphate in animal feed supplements owing to its ability to supply essential minerals for the growth and development of animals will foster product demand. Monocalcium phosphate is widely used in animal feed, such as livestock, pet, and poultry, due to its ability to support the development of strong bones and teeth. Livestock and poultry farmers increasingly use monocalcium phosphate in animal feed due to its high phosphorous content compared to dicalcium phosphate. MARKET STATUS BASED BY LIVESTOCK TYPE The feed phosphates market, by livestock, is predicted to be dominated by the poultry segment in 2021. According to the report of Market Data Forecast; the poultry segment is supposed to experience the fastest expansion through 2026. Worldwide, total poultry production has increased and with such expansion in production and consumption, it has become important for meat producers to focus more on quality. Global Market Insights Inc. predicts in its report that feed phosphate market size from poultry livestock will surpass USD 1.65 billion by 2027. According to the report; feed phosphate is widely used in poultry feed owing to its ability to replenish phosphorous, which contributes to the formation of strong skeleton & tissue, improves metabolism, functions of the nervous, immune & reproductive systems, and increases productivity. Phosphate is used to metabolize calcium in chickens and has a high consumption in poultry compared to other meat sources. The increasing use of monocalcium phosphate and dicalcium phosphate in poultry farming is anticipated to boost product demand from poultry livestock application. MARKET STATUS ON REGIONAL BASIS From a regional perspective, it is possible to say that there is an ongoing race between North America, Europe and Asia-Pacific region. According to some sources, North America dominates the market, while some sources point out that Europe will dominate the market in the coming years. For example, according to the report of Research Nester; North America feed phosphate market driven by the U.S. and Canada is projected to have the largest share owing to rising demand for more convenience and processed foods which are main-
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