The feed phosphate market was
estimated to be USD 2.3 billion in 2020 and is forecasted to reach USD 3.1
billion by 2026.
Feed Phosphates are inorganic salts of phosphoric acid, which are used to
meet the phosphorus requirements of an animal diet to ensure optimal growth,
boost performance, fertility, and bone development. Phosphates in animal feed
improve the laying capacity and prevent diseases; therefore, widely used in
animal feed applications. Most of the feed phosphates used are calcium
phosphates in different forms including monocalcium phosphate, tricalcium
phosphate, and dicalcium phosphate. They are used in nutrition and animal
supplements including poultry, cattle, pigs, and aquaculture.
The feed phosphate market is likely
to gain massive growth opportunities due to the high demand for nutritional
food in livestock rearing. The feed phosphates are considered efficient in
building up the immune system that caters to the overall health of the animals.
In addition, the robust demand for high-quality meat may trigger the growth of
the feed phosphate market.
The Major
Players In The Feed Phosphate Market Include:
·
The Mosaic Company (US)
·
Phosphea (France)
·
Nutrien Ltd. (Canada)
·
OCP Group (Morocco)
·
Yara International ASA
(Norway)
·
EuroChem Group AG
(Switzerland)
·
PhosAgro (Russia)
·
Ecophos Group (Belgium)
·
Fosfitalia Group (Italy)
·
J. R. Simplot Company
(US)
·
Quimpac S.A. (Peru)
·
Sichuan Lomon Corporation
(China)
·
Sinochem Yunlong Co. Ltd.
(China)
·
Wengfu Group (China)
·
Rotem Turkey (Turkey)
The market has segmented the global Feed Phosphate market on the basis of type, application, and region:
By Type:
·
Monocalcium
Phosphate (MCP)
·
Dicalcium
Phosphate (DCP)
·
Tricalcium
Phosphate (TCP)
·
Mono
Dicalcium Phosphate (MDCP)
·
Monosodium
Phosphate (MSP)
By
Application:
·
Swine
·
Poultry
·
Ruminants
·
Aquaculture
The Feed Phosphate research details
the market area, which is further broken down into sub-regions and
countries/regions. This chapter of the report includes information on profit
prospects in addition to market share in each country and sub-region. The
market share and growth rate of each region, country and sub-region throughout
the forecast period are discussed in this chapter of the study.
Geographic
Segment Covered in the Report:
Covid-19
Impact and Recovery Analysis on Industry:
The COVID-19 pandemic has had
devastating effects on several industry verticals globally. To constrain the
number of cases and slow the coronavirus spread, various public health
guidelines were implemented in different countries across the globe. COVID-19 protocols
range from declaring national emergency states, enforcing stay-at-home orders,
closing nonessential business operations and schools, banning public
gatherings, imposing curfews, distributing digital passes, and allowing police
to restrict citizen movements within a country, as well as closing
international borders. With the growing vaccination rate, governments are
uplifting the protocols to give a boost to the stagnant economy. Like other
industries, Feed Phosphate Market has experienced a slow down the growth,
however, the market is expected to bounce back as restrictions are being lifted
up by governments across the globe.
The report helps both major players and new entrants to analyze the market in-depth. This helps the key players to determine their business strategy and set goals. The report provides key market information including niche growth opportunities as well as Feed Phosphate market size, growth rate, and forecast in key regions and countries.
Key benefits of buying the report
·
The report would
help the market leaders and new entrants in the global Feed Phosphate market in
the following ways:
·
The report segments
the market into various sub-segments, hence it covers the market
comprehensively. It provides the closest approximations of the revenue numbers
for the overall market and its sub-segments. The market numbers are further
split across applications and regions.
·
It helps in
understanding the overall growth of the market. It also provides information
about key market drivers, restraints, challenges, and opportunities.
· It helps stakeholders in understanding their competitors better and gaining more insights to strengthen their positions in the market. The study also presents the positioning of the key players based on their product offerings and business strategies
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