Feed Phosphate Market - 2023-2030

Feed Phosphate Market - 2023-2030

Global Feed Phosphate Market reached US$ 1.8 billion in 2022 and is expected to reach US$ 2.5 billion by 2030, growing with a CAGR of 4.2% during the forecast period 2023-2030.

Feed phosphates are feed supplements used in livestock farming. Using inorganic feed phosphates helps meet the phosphorus requirements for animal production. It ensures optimal growth, fertility and bone development of the livestock. Phosphorus plays a major metabolic role has more physiological functions than other elements and is needed in adequate amounts to ensure the health and optimal production of livestock.

The focus of feed manufacturers is on producing better feed for animals to reduce feed wastage, positively driving market growth. Inducing nutritious feed increases the feed value and can help manage feed wastage. With the increased demand for healthy feed for animals, there are, many feed-producing mills coming into existence. Some of the regions are vigorously achieving greater feed mills. For instance, Asia-Pacific has around 25.4 % of global feed mills.

North America dominated the global fed phosphate market with higher feed production plants and the use of feed phosphate in the region. According to the American Feed Industry Association 2022, there are 5,800+ animal food manufacturing facilities in the U.S. producing more than 284 million tons of finished feed and pet food each year. The AFIA also stated that the beef cattle, hogs, and broilers consumed 64.5M, 61.8M, and 60.8M tons of feed respectively in 2022.

Dynamics

Growing Demand for Meat and Meat Products

Increasing the consumption of meat, milk, and eggs is leading to the increasing production of feed for the pig, broiler, and dairy industries. The growing need for meat is a crucial factor driving the demand for the feed phosphate market globally. Various livestock are involved in the production of meat and meat products.

According to OECD-FAO Agricultural Outlook 2022-2031, global meat production is projected to expand by nearly 44 Mt by 2030, reaching 373 Mt. According to FAO, statistical yearbook, there is a total increase of 45% in meat from 2000 to 2020. According to OECD-FAO Agricultural Outlook 2022-2031, world meat production rose by 5% in 2021. The growing population drives the consumption of meat.

OECD-FAO Agricultural Outlook 2021-2030, globally, poultry meat is expected to represent 41% of all the protein from meat sources in 2030, an increase of 2 percentage points when compared to the base period. The global shares of other meat products accounted for about beef 20%, pig meat 34% and sheep meat 5%. The increased production and consumption of meat raise a greater demand for feed phosphate for better high-quality meat and meat products from healthy animals.

Increasing Manufacturer Stand to Produce New and Special Phosphate Additives

Manufacturers are taking a stand to create and sell special feed phosphate additives that meet the specific health and nutrition needs of animals. These supplements are customized for different types of animals, production stages, and health conditions. The personalized approach helps improve animal health and efficiency and meet the changing demands of the livestock industry.

Various manufacturers are using advanced technology to produce animal feed combining all essential ingredients to improve the quality and efficiency of the feed. Companies are increasing their production capacities to increase product range with the lower price range. Ecophos, a chemical industry company that offers technologies for animal feed phosphates applications, plans to expand its production capacities to benefit its technology business sales.

Increasing Vegan Population

The growing awareness about health and environmental concerns is driving the vegan population growth worldwide. According to the World Animal Foundation, there are currently around 88 million vegans across the globe. With the growing people's concerns about the negative impact of animal-based diet patterns on the environment and human health, the trend towards plant-based foods increasing immensely.

Increasing veganism is one of the major restraining factors in the feed phosphate market due to lowering demand for animal rearing and animal feed. Feed phosphate is one most important feed products. They are used as food supplements in livestock farming. The reduction in the meat and meat products directly affects the feed phosphates market.

Segment Analysisn

The global feed phosphate market is segmented based on type, form, livestock and region.

High Convenience Related to the Use of Powder Feed Phosphate

The global feed phosphate market is segmented based on form into powder and granule. The powder segment accounted for the largest share of the global market. The powder form is convenient to handle and mix making it the dominant segment in the feed phosphate market. It is gaining immense popularity due to its easy availability and handling. The powder form is extensively used in animal food due to its ability to enhance flowability and improve the end product.

The powder form has a fine texture that allows for the even distribution of phosphate throughout the feed. This ensures that animals receive a consistent and balanced supply of essential minerals by promoting better enzymatic activity and absorption in the gastrointestinal tract. The overall role of powder form in improving bioavailability drives the segment growth.

Geographical Penetration

Larger Livestock Presence in North America

North American feed phosphate market holds the largest regional share due to its larger livestock count and need for a good quantity of feed for those animals. North America is the leading producer of feeds for cattle, turkeys, pets & horses, the region produces about one-third of beef feed. According to U.S. Department of Agriculture 2022 stats, there were approximately 92 million cows present in U.S., with approximately 14.7 million cattle on feed.

According to the World Animal Foundation 2023, around 913,250 cattle farms are present in U.S. The large number of cattle fields with a huge need for animal feed, drive the feed phosphate market growth. The increased number of livestock directly increases high-quality feed to produce healthy and nutritious animal-based products for the consumers positively, affecting the market growth in this region.

According to the United States Department of Agriculture, in 2021, the consumption of poultry meat in the United States was 17,158 thousand metric tons. Canada is among the largest consumers of chicken, at 1,411 thousand metric tons. The higher meat and meat product consumption, in this region, is positively impacting the growth in livestock rearing raising the feed demand in this area.

Competitive Landscape

The major global players in the market include OCP, Guizhou Chanhen Chemical Corporation Yara, Phosphea, Fosfitalia Group, EuroChem Group, Aashi Chem, J.R. Simplot Company, Nutrien Ltd and AAKO.

COVID-19 Impact Analysis

The outbreak of the COVID-19 pandemic moderately impacted the global feed phosphate market. The improper conditions and functionalities in animal husbandry reduced the value of feed. Livestock care was not given much importance. The improper management of the feed of various livestock had a negative impact on the feed market of the livestock and feed phosphate.

The disruption in the supply chain activities, reduced economic activity in the feed industries. The import and export restrictions halted the production and processing of animal-based products. The livestock subjected to the production of animal-based products, such as milk, eggs, meat and meat products, were also subjected to certain diseases giving rise to greater demand for the producers to take up nutritious feed for animals.

The increased health consciousness among people resulted in the demand for high-quality animal-based products. The growing importance of better quality feed ingredients that are naturally sourced for feed production for high-quality animal products positively affected the market growth. Healthy animals are used for the production of milk, meat and meat products and are subjected to feed on a nutritious diet.

By Type
• Monocalcium Phosphate
• Dicalcium Phosphate
• Mono-Dicalcium Phosphate
• Tricalcium Phosphate
• Defluorinated Phosphate
• Others

By Form
• Powder
• Granule

By Livestock
• Ruminant
• Swine
• Poultry
• Aquaculture
• Others

By Region
• North America
U.S.
Canada
Mexico
• Europe
Germany
UK
France
Italy
Russia
Rest of Europe
• South America
Brazil
Argentina
Rest of South America
• Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
• Middle East and Africa

Key Developments
• In September 2022, DSM, acquired a leading Brazilian animal nutrition and technology company, Prodop. This acquisition helps develop the efficiency and sustainability of animal farming and feed production.
• In April 2022, PHOSPHEA, a France-based feed manufacturer, announced the launch of HumIPHORA, which provides high-quality plant-based phosphorus and helps reduce the incorporation of phosphate in formulas compared to conventional sources on the market.
• In February 2022, EuroChem Group completed the acquisition of the Serra do Salitre phosphate project in Brazil. The acquisition is expected to potentially increase sales of animal feed phosphate in the coming years.

Why Purchase the Report?
• To visualize the global feed phosphate market segmentation based on type, form, livestock and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of feed phosphate market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global feed phosphate market report would provide approximately 62 tables, 56 figures and 225 pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies