FEED ADDITIVES ▶▶▶
Steady growth for feed phosphates
The feed phosphate market reached the valuation of nearly US$ 1.5 billion in 2018 and is likely to experience steady growth through 2028. This is according to the Global Feed Phosphate Market Research Report, published by Persistence Market Research (PMR).
BY SUMIT POTE, SR. CONSULTANT RESEARCH (FOOD & BEVERAGES), PERSISTENCE MARKET RESEARCH
P
hosphorous is a micronutrient that is needed by al- most all life forms for the optimal growth and devel- opment of the organism within an adequate time frame. This phosphorous is provided to animals
through animal feed in the form of feed phosphates. Feed phosphates are defined as inorganic salts of phosphoric acid that are extracted from the phosphate rock. These phos- phates are an essential nutrient in animal diets, ensuring op- timal growth, improving gut functionality, fertility, and aid- ing bone development. The major types of feed phosphates used are dicalcium phosphate (DCP) and monocalcium phos- phate (MCP), which hold a majority of the market share. Oth- er types of feed phosphates include mono-dicalcium phos- phate, tricalcium phosphate, and defluorinated phosphate. Phosphates are used in animal diets (especially in poultry
and pig diets) to support optimal growth, fertility, and bone development of the animal.
Most opportunities for Asia This market study suggests that the feed phosphate market value will expand to over 4% CAGR between 2018 and 2028. By species, poultry is projected to remain dominant in the global feed phosphate market, with a considerably high mar- ket share of more than 43% at present. The demand for feed phosphates has further increased due to the recent trend of an increase in the demand for high-quality meat products. The upkeep of animals to produce high-quality meat prod- ucts is dependent upon proper nutrition, which will drive the demand for feed phosphates even higher. Apart from food preferences, the dairy and natural animal-derived fibre indus- try is also hugely dependent upon the proper development of animals to obtain good quality products. Feed phosphates thus play an important role in the dairy and natural fibre mar- kets as well. Regarding the global players on the feed phos- phate market, we see that North America and East Asia prove to be prominent regions in terms of market value and vol- ume. However, East Asia and South Asia are regions that hold the most promising opportunities for growth, with CAGRs of 4.0% and 3.3%, respectively. North America, especially, has displayed a pattern of low production of dicalcium feed phos- phate, and higher production of monocalcium phosphate. China, on the other hand, has displayed a continued pattern of high production of all types of feed phosphates.
Poultry is projected to remain dominant in the global feed phosphate market. 22 ▶ ALL ABOUT FEED | Volume 27, No. 3, 2019
Key producers of feed phosphate Most companies in the feed phosphates market have similar kinds of products and use the same kind of production pro- cess to produce feed phosphate from phosphate rock, which is a finite resource. Some of the key players included in the feed phosphate market report are Phosphea, Nutrien Ltd, The Mosiac Company, Eurochem Group AG, J.R. Simplot Company, Phosagro, OCP Group, Yara International ASA, Ecophos Group, PotashCorp, etc. Especially in developing countries, where the budget for the agricultural community is tight, feed phos- phate market participants are likely to spot multiple opportu- nities. This sets East Asia, South Asia, and Latin America to be the regions with the most opportunities for growth in the feed phosphate market.
PHOTO: RBI
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36
