The feed phosphate market is likely to gain traction during the forecast period of 2021-2031 due to the increasing animal growth and development trend. Feed phosphates are used in animal feed due to their nutritional value, such as improving bone density, fertility, gut functionality, and many others. These aspects cater to the healthy growth of animals. Thus, the demand for feed phosphate has increased in livestock feed. The feed phosphates help enhance animal health, providing benefits such as premium quality tender meat, increased selenium content in eggs, and high calcium content in milk. The soaring awareness regarding animal health is likely to up-stick the growth of the feed phosphate market.
Transparency Market Research's report on the feed phosphate market comprises relevant information required for the stakeholders to increase their revenues. Researchers at Transparency Market Research facilitate the following aspects: 1) Accurate Competitive Analysis. 2) Advancements that influence growth prospects. 3) Additional information on regional factors. 4) Abundant information on key trends.
The feed phosphate market is likely to gain massive growth opportunities due to the high demand for nutritional food in livestock rearing. The feed phosphates are considered efficient in building up the immune system that caters to the overall health of the animals. In addition, the robust demand for high-quality meat may trigger the growth of the feed phosphate market.
The Monocalcium phosphate segment is likely to show upward growth based on the rising trend of making dietary formulations more flexible. The poultry section is expected to dominate the feed phosphate market due to an increase in the consumption of eggs and chicken. The focus on raising the quality of meat and eggs has led to the increasing use of feed phosphate in animal feed. Thus, the feed phosphate market is likely to open new avenues for growth.
The use of feed phosphate in aquaculture livestock will gain popularity in the coming years due to consumer preference for the consumption of fish and prawns. These factors may bolster the growth of the feed phosphate market.
The market players in the feed phosphate market are focusing on research and development activities to offer circular solutions and sustainable sources for the feed phosphate market. One innovative technology introduced in the feed phosphate market: is the Ash2phos process. This process helps in extracting phosphorous from sewage sludge. Recently, an agreement was signed with EasyMining providing the PCP, Lantmannen contributed funding and logical assistance, SLU (Swedish University of Agricultural Sciences) is handling all testing. This is a collaborative project to test the usage of recycled phosphorus obtained from sewage sludge for livestock.
Competition in the feed phosphate market is intense with some prominent well-established players. Heavy investments for R&D and new technologies are key growth strategies for players in the feed phosphate market. Key players are engaging in mergers, acquisitions, partnerships, and joint ventures to strengthen their market position.
Some of the companies operating in the feed phosphate market are Phosphate, OCP Group, Quimpac, Sinochem Yunlong Co., Ltd., Wengfu Group, and The Mosaic Company.
The increasing demand for feed phosphate is high in Europe due to the booming livestock may augur well for expanding the feed phosphate market. The technological advancements in meat processing industries in Germany are likely to provide revenue-boosting opportunities for the feed phosphate market. The soaring consumer preference for animal health in North America is likely to play an instrumental role in the growth of the feed phosphate market. The Monocalcium phosphate segment will likely witness an upsurge in the Asia Pacific (APAC) market. In Addition, poultry and aquaculture are gaining popularity in APAC, which may expand the footprint of the feed phosphate market in Asia Pacific.