Global Feed Phosphate Market was Valued at US$ 2.98 Bn in 2018, Rising Demand for Dairy Products
“The Global Feed Phosphate Market was valued around US$ 2.98 Bn by 2018 and growing at a significant CAGR of 3.5% over next seven years 2019-2025 due to rising demand for dairy products”
The global feed phosphate market accounted for US$ 2.98 Bn in 2018 and burgeoning over the forthcoming years. Rise in consumption of meat and dairy products, increasing demand for dairy products, livestock development and welfare, industrialization of meat industry and demand for better quality dairy and meat products are some key factors fostering the market growth. However, factors such as increase in usage of substitutes such as phytase and fluctuating price of raw materials are inhibiting the market growth.
Global feed phosphate market segmented on the basis of phosphate type, species and region.
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Dicalcium Phosphate dominate the Global Feed Phosphate Market
Based on phosphate type, global feed phosphate market is segmented into mono-dicalcium phosphate, dicalcium phosphate, monocalcium phosphate, deflourinated phosphate, tricalcium phosphate and others. Dicalcium phosphate held considerable market growth during estimated period. Phosphate chemicals are used commercially animal feeds and as additives in food. Generally, animal feed–grade phosphates are likely to account for only 6% of total world phosphate consumption. Dicalcium phosphate is a crystalline feed grade dicalcium phosphate comprising 19.0% minimum phosphorous and 28.0% Maximum calcium thus acts as a nutritional supplement for calcium in animal feed.
Europe Leads the Global Feed Phosphate market
PBI’s global feed phosphate market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis. Europe accounted for larger revenue share in global feed phosphate market with considerable CAGR due to high demand for meat products. Also, Asia Pacific held significant market share during estimated period owing to high meat products demand, rapid population growth and rising disposable income. China and India are the major contributors for the market growth in the region.
Strategic Acquisition are the Key Strategies Adopted by Market Players
Global feed phosphate market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For Instance, In April 2017, Phosphea acquired feed phosphate activity from Elixir group in Serbia for the development of product portfolio in Europe
Key player’s profiles in the report are The Mosaic Company (U.S.), EcoPhos (Belgium), Phosphea (Roullier) (France), Eurochem Ltd. (Russia), PhosAgro (Russia), S.A. OCP (Morocco), Potash Corp. (Canada), Sichuan Lomon Corporation (China), and Yara International ASA (Norway).
Precision Business Insights (PBI) in its report titled “Global Feed Phosphate Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period. Moreover, the report also includes the total revenue and volume for the market.
By Phospate Type
o Mono-dicalcium phosphate
o Dicalcium phosphate
o Monocalcium phosphate
o Deflourinated phosphate
o Tricalcium phosphate
o North America
• Rest of Europe
• Australia & New Zealand
• ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
• South Korea
• Rest of Asia-Pacific
o Latin America
• Rest of Latin America
o Middle East and Africa (MEA)
• Gulf Cooperation Council (GCC) Countries
• South Africa
• Rest of MEA
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