Global Feed Phosphate Market

Phosphorous is a micronutrient that is needed by almost all life forms for the optimal growth and development of the organism within an adequate time frame. This phosphorous is provided to animals through animal feed in the form of feed phosphates. According to Research and Markets’ Feed Phosphates Market Research Report, the global feed phosphates market size is estimated at USD 3.45 billion in 2022, and is projected to reach USD 4.31 billion by 2027.

Global Feed Phosphate MarketBy Muhammed Akatay
Feed phosphates are used in the animal diet to ensure optimal growth, boost performance, fertility, and bone development, and are often supplied to animals along with calcium and magnesium.

The lack of phosphorus in animal’s diet can lead to poor feed conversion, reduced growth rate of milk production, bone malformation and the threat of causing rickets. Substantial supply of phosphorous is essential for conducting necessary body function in animals.

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 people’s disposable income are the significant market drivers that will further flourish the growth rate. Furthermore, increase in the demand for poultry production will bolster the growth rate of feed phosphates market. Other factors such as changing dietary preferences and growing population will positively impact the growth rate of feed phosphates market. Another significant factor includes upsurge in the demand for meat-based products, and swift industrialization will act as a key trend that will further cushion the market’s growth rate.

Moreover, the development of high quality and new raw materials and new emerging markets will further create lucrative and remunerative growth opportunities for the feed phosphates market during the forecast period 2022-2029. Additionally, increase in technological innovations and strong demand from various end-use industries will further propel the new growth opportunities in the future year.

However, fluctuating prices of raw materials and availability of product alternatives will derail the feed phosphates market’s growth rate. Also, the lack of phosphate reserves globally and toxicity of feed phosphates will pose major challenges to the growth of the market. The negative impact of COVID-19 on supply chain and growing environmental concerns will act as major market restraints and further hinder the growth rate of feed phosphates market.

The high cost of phosphate and increased use of phytase are also considered to be important restraints that will affect the growth of the market.

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.

Major Players:
ADDCON GmbH
AG Chemi Group
Aliphos
BAFFEED
BariteWorld
BASF
BIOMIN Holding
Guizhou Chanhen Chemical
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 
NOAH Technologies 
Novus International
Nutrien Ltd.
OCP Group
Perstorp Holding
PhosAgro Group 
Phosphate Resources 
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

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 mainly 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 States is a major contributor to the North American industry, but the region’s call for phosphates has declined due to alternatives and substitutes such as feed phosphates with incorporated phytase and depleted grains. This has contributed to a fall in the prices of feed phosphates in the area. In Eastern Europe, Russia has recently experienced an escalating call for feed phosphates.

MAJOR PLAYERS IN FEED PHOSPHATE MARKET
Most of the companies in the feed phosphate market have similar product types and use the same type of production process to produce feed phosphate from rock phosphate, which is a finite resource. Companies in the feed phosphate market are primarily engaged in expanding production capacity and merger & acquisition strategies for business expansion.

Resources:
• Research and Markets; Feed Phosphates Market Research Report by Form (Granule and Powder), Livestock, Type, Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) – Global Forecast to 2027 – Cumulative Impact of COVID-19; April 2022; https://www.researchandmarkets.com/reports/5337678/feed-phosphates-market-research-report-by-form
• Research Nester, Feed Phosphate Market Segmentation By Type (Monocalcium Phosphate, Dicalcium Phosphate & Others); By Application (Livestock, Poultry, Aquaculture & Others) – Global Demand Analysis & Opportunity Outlook 2027; 7 April, 2022; https://www.researchnester.com/reports/feed-phosphate-market/1595
• Data Bridge Market Research, Global Feed Phosphates Market – Industry Trends and Forecast to 2029; Feb 2022; https://www.databridgemarketresearch.com/reports/global-feed-phosphates-market
• Industry Research, Global Feed Phosphate Market Insights And Forecast to 2028; 13-Jan-2022; https://www.industryresearch.co/global-feed-phosphate-market-19924610
• Market Data Forecast; Global Feed Phosphates Market Size, Share, Trends and Growth Analysis Report – Segmented By Type (Dicalcium, Monocalcium, Mono-Dicalcium, Defluorinated and Tricalcium), By Livestock (Ruminants, Swine, Poultry and Aquaculture), By Form (Powder and Granule) and Region – Industry Forecast of 2022 to 2027; January, 2022; https://www.marketdataforecast.com/market-reports/global-feed-phosphate-market
• Global Market Insights Inc.; Feed Phosphate Market Size, By Product (Monocalcium Phosphate, Tricalcium Phosphate, Dicalcium Phosphate, Ammonium Phosphate, Defluorinated Phosphate), By Livestock (Poultry, Cattle, Aquaculture, Swine, Pet), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Covid-19 Impact Analysis, Competitive Market Share & Forecast, 2021 – 2027; September 2021; https://www.gminsights.com/industry-analysis/feed-phosphate-market