MARKET REPORT 82 FEED & ADDITIVE MAGAZINE May 2022 ly meat based including beef and pork. Asia Pacific is anticipated to have a significant growth on the back of increasing healthcare expenditure and nutritional supplement. Meat consumption is highly linked to higher incomes and as a shift, the food consumption of animal protein sources is likely to increase. Expanding GDP and rising disposable income strengthen the purchasing power of people, resulting in higher preferences for pork, poultry and beef products in their daily lives. Europe stands out in the report prepared by Market Data Forecast. According to the report; the European feed phosphates market is predicted to be the largest in 2021. The region's market is driven by the consumption of feed phosphates, as it is a major producer of livestock. Meat is one of the important segments of the European agricultural sector. Policies developed by the EU encourage pastoralists to use healthy and nutrient-rich food additives and balance the impact of their production on the environment, thus stimulating the expansion of the feed phosphates market. Again, according to the same report, South American market is predicted to grow at the highest CAGR from 2022-2027. Annual livestock production in this region has increased, which has subsequently driven the call for compound feed. After Asia-Pacific, Latin America has Brazil and Argentina with steadily escalating herds, which can potentially lead to higher call for feed phosphates. The United ADDCON GmbH AG Chemi Group Aliphos BariteWorld BASF BIOMIN Holding Guizhou Chanhen Chemical Corporation Corbion De Heus Animal Nutrition Eastman Chemical Ecophos Group EuroChem Group Fosfitalia Group GlobalFeed GFS Chemicals, Inc. Groupe Roullier Impextraco J.R. Simplot Company Jefo Nutrition Jinnuo Chemical Kemin Industries Ma'aden Phosphate Company NOAH Technologies Corporation Novus International Nutrien Ltd. OCP Group Perstorp Holding PhosAgro Group of Companies Phosphate Resources Limited Phosphea Potash Corp Prayon S.A. Quimpac S.A. Reephos Chemical Rotem Turkey Selko Feed Additives Sichuan Chuan Heng Chemical Sichuan Lomon Sichuan Mianzhu Sanjia Feed Sichuan Shucan Chemical Sinochem Yunlong Sinofert The Mosaic Company Timab Industries Trouw Nutrition United Phosphorous Ltd Wengfu Group Yara International ASA Yunan Phosphate Chemical Major Players:
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