Industry Background:
Feed phosphate is an inorganic salt of phosphoric acid. It is prepared from phosphoric acid and calcium carbonate mixture. Phosphate rock and Phosphoric acid are used in the production of feed phosphates. There are numerous benefits related to the phosphate feed usage, which includes nutritional quality improvement, meat product quality enhancement, ease in feed digestibility, among others. Feed phosphate products contain a high content of phosphorus and calcium, which is highly recommended for proper maintenance and growth of livestock. These products promote better health as well as prevent diseases including rickets throughout the poultry production. Rising demand for better quality dairy and meat products and rising consumer preferences of the youth population towards non-vegetarian diet are some of the major drivers which are propelling the growth of the market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | The Mosaic Company (United States), Phosphea (France), Nutrien Ltd. (Canada), OCP Group (Morocco), Yara International ASA (Norway), EuroChem Group AG (Switzerland), PhosAgro (Russia), Ecophos Group (Belgium), Fosfitalia Group (Italy) and J. R. Simplot Company (United States) |
This growth is primarily driven by Rise in Consumption of Meat and Dairy Products and High Threat of Diseases in Livestock.
Globally, a noticeable market trend is evident
Major Vendors, such as The Mosaic Company (United States), Phosphea (France), Nutrien Ltd. (Canada), OCP Group (Morocco), Yara International ASA (Norway), EuroChem Group AG (Switzerland), PhosAgro (Russia), Ecophos Group (Belgium), Fosfitalia Group (Italy) and J. R. Simplot Company (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The market presents the leading Feed Phosphate companies in the global industry including details of business overview, business operations, SWOT profile, and Feed Phosphate products.
Key Developments in the Market:
In 2018, the Potash Corporation (Canada) Company has merged with Agrium (Canada) Company to form Nutrien Ltd. to enhance its foothold in the industry. This merger will help to increase the market share and become more profitable., and In 2018, the Mosaic Company has acquired Vale Fertilizantes (Brazil) Company. This acquisition will benefit in the production of phosphate mines, one potash mine, and four chemical and fertilizer production facilities.
In 2018, the Innophos Holdings, Inc. (United States) Company had announced that it has entered into a three-year Purified Phosphoric Acid (PPA) supply agreement with Nutrien Ltd. (Canada). In this agreement, the Nutrien Ltd. (Canada) Company will continue to supply Innophos with Purified Phosphoric Acid (PPA), a key raw material in the manufacture of the Company’s phosphate product portfolio.
Market Growth Drivers:
Rise in Consumption of Meat and Dairy Products and High Threat of Diseases in Livestock
Challenges:
High Toxicity of Feed Phosphates
Restraints:
Increase in Usage of Substitutes Such as Phytase and Fluctuating Prices of Phosphate
Opportunities:
Innovation in Technology, New Raw Materials, and Production Process in feed phosphates
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Feed Phosphate Market
- Analysis about New Entrants in Feed Phosphate Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Feed Phosphate Study Sheds Light on
The Feed Phosphate Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Feed Phosphate industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Feed Phosphate industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.