Phosphorous is a micronutrient that is needed by almost all life forms for the optimal growth and development 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 the inorganic salts of phosphoric acid. Phosphates are mined from rocks, and inorganic phosphates are then synthesized artificially and are much more bioavailable for animals than the natural sources they can be derived through. This virtue of higher bioavailability is the prominent factor as to why feed phosphates are chosen over natural feed elements for the optimal growth, fertility, and bone development of an animal.
Feed phosphates are of multiple types, and used for different animal types to achieve the optimal growth. Depending on the mineral used and processes utilized, feed phosphates can be of multiple varieties. The most prominently used feed phosphates throughout the world are calcium-based feed phosphates. Dicalcium phosphate is the most commonly used feed phosphate, followed by monocalcium phosphate, since these feed phosphates are the most proven sources of phosphorous for animals, and also the most bioavailable sources. There are other miscellaneous types of feed phosphates as well, such as ammonium phosphate and magnesium phosphate, but the amount that they’re used in feed preparation is significantly low as compared to calcium feed phosphates.
The different types of feed phosphates analyzed in the report are:
The various species consuming feed phosphates that are analyzed in the report are:
Prevailing Pressure to Keep Up with Consumer Demand for Meat Products to Uplift Feed Phosphate Demand
With growing population, the demand for meat and meat products has also increased. Owing to this constant increase in the demand for meat products, livestock rearing has increased, and with it, the demand for animal feed has increased as well.
Increase in meat production demands increased nutritional requirements for animals, since the number of animals cannot be drastically increased, but through better nutrition, maximum output can be achieved. Specifically, feed phosphates help animals achieve the proper growth, bone development, fertility, and body mass that is required in a shorter time frame. This correlates directly to the increased demand for feed phosphates, worldwide.
Increased Consumption of High-quality Meat Products Creating More Demand Spots for Feed Phosphate
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 products 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 fiber industry 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 fiber markets as well.
Increased demand for poultry products such as high protein eggs and white meat has also paved the way for the increased demand for feed phosphates. Tricalcium phosphates are especially required along with dicalcium phosphate and monocalcium phosphate for the optimal development of poultry. This allows the poultry to attain the desired weight and physical attributes faster and easier.
Monocalcium Feed Phosphate Trumping Dicalcium Feed Phosphate in Animal Nutrition
With better manufacturing technologies, better feed phosphate formulations are made available for consumers. Such is the case with monocalcium phosphate. With better bioavailability and increased uptake by animals, monocalcium phosphate is proving to be the feed phosphate of choice for many consumers. Multiple manufacturers are now focusing on the manufacturing of monocalcium feed phosphate, since it provides better opportunities for growth in the market.
North America, especially, has displayed a pattern of low production of dicalcium feed phosphate, 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.
Lower Feed Costs Allowing Consumers to Make More Liberal Purchase Decisions, Leading to Increased Demand for Feed Phosphates
Global compound feed production stands at 1.03 Bn MT as of 2019. Employing proper manufacturing techniques and sustainable methods, feed costs have been lower for multiple animal types. This has made consumers more liberal with the purchase of additional nutritional resources for the animals. This includes feed additives such as vitamins, feed micronutrients, and feed phosphates.
Especially in developing countries, where the budget for the agricultural community is tight, feed phosphate market participants are likely to spot multiple opportunities. This sets East Asia, South Asia, and Latin America to be the regions with the most opportunities for growth in the feed phosphate market.
Feed Phosphate Market: Report Highlights
The feed phosphate market report analyzes the opportunities in the global market, analyzing the data on a historical basis, estimated data for 2018, and forecasted data till the year 2028. Market analysis includes data in terms of both, value (US$) and volume (MT). The market outlook of the feed phosphate market report covers feed industry overview, global meat industry outlook, macroeconomic outlook, and forecasted factors. The market dynamics section includes key drivers, trends, and restraints prohibiting the growth of the feed phosphate market, value chain analysis, and others. Competitive landscape of multinational players operating in the business of feed phosphate, and market attractiveness analysis by type, species, and region are some of the key insights covered in the report.
Feed Phosphate Market: Taxonomy
The research reports assesses the market share of the feed phosphate market on a global perspective by type, species, and regional analysis. The regional segment includes the feed phosphate markets of North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa. The report provides a market outlook for historical data for 2013–2017, and forecasted data for 2018–2028. This study includes in-depth analysis of the global feed phosphate market, including recent developments, product offerings by key feed phosphate manufacturers, opportunity assessment, and key drivers and trends contributing towards the growth of the feed phosphate market, globally.
Research Steps for Market Crackdown
The global feed phosphate market report begins with estimating the market in the base year in terms of value and volume consumption. To arrive at the volume consumption of feed phosphates, Persistence Market Research (PMR) estimated volume data on the consumption of feed for several countries by understanding the demand and supply of compound feed. After analyzing the feed market, we have analyzed the feed composition ratio and inclusion level of phosphate in animal feed, which assisted us in deriving overall estimates for feed phosphates. It includes the production, growth, volume and value sales, transition, pricing, consumption of feed phosphates in animal feed for different animal species such as swine, ruminants, poultry, aquatic, and pet animals. The consumption and production of different types of feed phosphates were also analyzed across multiple regions to support the feed phosphate market forecast. PMR then determined the volume consumption of feed phosphate across various regions such as North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East and Africa.
To forecast and analyze the data, an internal proprietary model is used by analyzing different macro-economic, industry-based demand driving factors impacting the market, and its forecast trends. Factors include the growth of the global feed industry using feed phosphate and its sub-industry verticals, growth of the meat and dairy products industries, consumption pattern, feed industry growth, feed additives industry growth, and others.
Further, by identifying and allocating a weighted score to macroeconomic and forecast factors that influence the demand for feed phosphates, the market is assessed. Factors such as the production of feed phosphates, consumption patterns among end-user industries such as the feed industry and pet food have been taken into consideration to arrive at the volume consumption of feed phosphates in respective countries.
Factors such as global meat production and animal husbandry industry of each region have also been considered for the market estimation of feed phosphates. While analyzing the market, valid and authorized secondary data sources were considered, and also primary interviews were conducted in order to arrive at reliable and accurate data about the feed phosphate market.
To analyze the pricing of feed phosphates, the weighted average selling price method for feed phosphate was considered. These prices were confirmed in their respective countries and then converted into USD to offer forecasts in one consistent currency standard.
Given the characteristics of the market, PMR triangulated the data based on the demand side, supply side, and market dynamics of the global feed phosphate market. To develop the global feed phosphate market forecast, PMR analyzed various factors to understand their respective impacts on the target market. However, quantifying the market across segments such as type and species is more a matter of quantifying expectations and analyzing the opportunities rather than rationalizing them after the forecast has been completed.
It is imperative to note that, in an ever-fluctuating economy, PMR not only provides forecasts in terms of CAGR but also analyzes on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and identify the right opportunities.
Another key feature of this report is the market attractive index of each segment in the global feed phosphate market, and the corresponding revenue forecast in terms of absolute dollar opportunity. To understand key segments in terms of their growth and performance in the global feed phosphate market, Persistence Market Research has presented a market attractiveness index. The resulting index should help providers identify existing market opportunities in the global feed phosphate market on the basis of market size, market share, and incremental opportunity.
Revenue forecast in terms of absolute dollar opportunity is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the global feed phosphate market.
In the final section of the report on the global feed phosphate market, a competitive landscape is included to provide a dashboard view of global feed phosphate manufacturers. This section also includes a list of the key distributors and suppliers of feed phosphates and feed additives. During the course of research, many secondary and primary sources were considered. Secondary sources include paid databases, annual reports, investor presentations, publications, newsletters, blogs, reports published by industry associations, and others.
Detailed company profiles of feed phosphate manufacturers are included in the scope of the study to evaluate their key strategies, key developments in the feed phosphate market space, and regional presence of feed phosphate manufacturers. Some of the key players analyzed are Phosphea, Nutrien Ltd, The Mosiac Company, Eurochem Group AG, J.R. Simplot Company, Phosagro, OCP Group, Yara International ASA, Ecophos Group, PotashCorp, and others.