Global Market Insights, Inc. has added a new report on Feed Phosphate Market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape of market in tandem with its competitive terrain.
Feed Phosphate Market may exceed USD 4.5 billion by 2024; according to a new research report. Rapid urbanization, upsurge in middle-class population and changing lifestyle patterns of consumers is highly affecting the consumption of quality of meat products consumed. Rising livestock diseases and increasing importance of animal nutrition mainly in poultry, swine and cattle will positively affect the feed phosphate Market.
Feed phosphates are majorly mixed with commercial animal food such as fodders and other premixes to enhance the quality of food along with addition of adequate mineral requirement in animal's daily dietary intake. These products are rich in phosphorous and calcium which further prevent livestock diseases and enhances the quality of meat produced for human consumption. These products help in providing essential nutrients required for bone development, fertility, reproduction, lactation along with increasing metabolism and immunity. The products are added in animal feed and dairy products consumed by animals maintaining overall growth and wellness. Feed phosphate Market from poultry livestock is expected to surpass USD 5 billion by 2024. Rising prevalence of animal's diseases such as rickets along with high nutrient requirements for poultry production in U.S will drive the market demand of feed phosphates.
Feed phosphate Market from defluorinated phosphate may expect gains at over 2% by the end of forecast period. These feed products are used in granules or as milled products and is largely applied for enhancing compound feeds majorly in aquaculture diets along with mixtures consisting grass, concentrates, and ensilage. These products are good sources of phosphorous produced thermochemically and are used as feed additives in providing high-yielding animal production along with quality improvement.
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Asia Pacific market driven by China, India and Japan should register significant gains above 3% over the projected period. Meat consumption is highly linked to higher incomes and as a shift, the food consumption of animal protein sources is likely to increase. Increase in GDP and rising disposable incomes, people are preferring pork, poultry and beef products in their daily lives. The population in this region will account for over 59 percent of global population by the end of 2020 out of which 54% population is expected to be middle-class.
Feed Phosphate Market Share is moderately fragmented with major industry players such as PhosAgro, Mosaic, PotashCorp, OCP Group, Eurochem, Elixir Group and Yara International. Manufacturing companies are focusing on decreasing the overall products costs owing to cheaper availability of cheaper substitutes. Companies are highly engaged in forming joint ventures and partnerships to enhance their regional presence and product offerings which further stimulates feed phosphate industry growth.
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Asia Pacific led by China, India and Japan feed phosphate Market should exceed USD 5.5 billion by the end of forecast period. The pig population in China is vast and catering to its nutritional requirement is of utmost important. Changing lifestyle patterns, rapid urbanization and inclination of youth towards non-vegetarian diet for protein requirement will stimulate the market demand.
Global feed phosphate market share is partially fragmented and industry participants include players such as Elixir, The Mosaic Company, Eurochem, Yara International, OCP Group, Reanjoy, Rotem Turkey and Lifosa. Many participants in the feed phosphate industry are expanding their global reach by offering high quality products along with strong R&D investments for providing quality products at affordable costs.
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