Browse 74 tables and 82 figures spread through 160 Pages and in-depth TOC on "Feed Phosphate Market"
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Inorganic feed phosphates are basically salts of phosphoric acid extracted from phosphate rock. Phosphorus is an essential nutrient provided to the animals in the form of calcium phosphate, which is mixed with animal feed. It is fundamental to the growth, maintenance, and repair of all body tissues. Phosphorus, along with calcium and magnesium, is important for the proper formation and growth of bones in animals. Sufficient phosphorus intake is important throughout life to ensure healthy bones and teeth. Feed phosphates, mixed with commercial feed, also optimize the nutritional value of feed and further enhance the quality of meat and dairy.
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Being a non-renewable resource, there has been growing concerns over the global consumption of phosphate rock. Investigators stated that, after the high grade phosphate rock production reaches its maximum, the remaining reserves will be of lower quality and harder to access, making them uneconomical to mine and process. Large numbers of companies have invested in research and development for sustainable use of phosphate. In recent years, there have been a number of innovations in phosphorus recovery technology.
The market for feed phosphate is projected to reach a value of USD 5.8 Billion by 2020, growing at a CAGR of about 3% from 2015 to 2020. In 2014, Asia-Pacific was the largest as well as the fastest-growing market for feed phosphate products, followed by North America and Europe. China alone accounted for 23.5% of the world feed phosphate consumption in 2014. The market is driven by the increasing income of the middle-class section and the growing demand for meat and dairy products. The market in Europe is highly regulated, with regulatory bodies such as European Chemical Industry Council, European Food Safety Authority, and European Feed Manufacturers Federation responsible for quality and contents of feed phosphates in animal feed.
Growing consumption of meat, structuring of the pork and poultry industry, and development of livestock during their growth stages are the main factors driving this market. The important restraints identified in this report are, increasing cost of raw materials and global scarcity of phosphate reserves. There are some opportunities that can change the dynamics of this industry; for instance, increasing the cost of natural feed products that can promote feed phosphate demand as a blend in the feed of animals. Similarly, phytase, a substitute containing phosphorus, can affect the feed phosphate market growth. Phytase can be used in the manufacture of animal feed and is available at lesser costs than feed phosphate.
The report includes marketing and development strategies, along with product portfolios of leading companies. It also includes profiles of leading companies, such as The Mosaic Company (U.S.), EuroChem (Russia), Potash Corp. (Canada), PhosAgro (Russia), and OCP Group (Morocco) as well as other regional market players. Strategies adopted by the key players include expansion of facilities, mergers, agreements, and contracts. They also focus on adoption of latest technologies to minimize production cost. Major players are also involved in the manufacture of fertilizers. To ensure the continuous supply of raw materials (phosphate rock), top companies integrate their business processes by investing in mining operations.
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