Dicalcium Phosphate (Feed Grade) Market 2022-2028
Dicalcium Phosphate is one of the phosphates being utilised in multiple industries which includes fertilizers, detergents, speciality chemicals and animal feed. Majority of dicalcium phosphate is used in the production of fertilizers. Dicalcium phosphate in Animal feed is also a major use considering the health benefits in the development of bones and teeth of animal. The market is driven by various factors which included rising market for meat consumption which includes poultry meat, pig met, cattle meat and meat of other animals. Health of meat producing animals is considered important as they are considered an important and cheap source of proteins and vital nutrient. The production process of dicalcium phosphate is also easy and requires low implementation and production cost. The raw materials which include rock phosphate and bone minerals is also available in abundance. Hence, the overall production cost after the initial year are considerably low due to ‘economies of scale’ model due to size and scale of production. The market is expected to grow at a CAGR of 1.8% for the forecasted period of 2021-2028. The growth has been slowing down in recent times due to lowering demands in developed countries of Europe and North America. It is also affected by a highly unorganised market in Asia Pacific. Farmers, poultry and dairy owners are also moving towards organic feed and protein rich diets.
The market is further segmented on the basis of end users which includes poultry, swine, cattle and others. Poultry market has the highest market share in the market due to high production and consumption of chicken meat and eggs. There has been considerably high poultry production in developing countries in Asia Pacific. Poultry owners compared to other end users are more inclined towards using feed additives. Almost 90% of nutrient demand in poultry industry is met with feed additives such as feed phosphates, proteins, vitamins and others.
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