DUBLIN--(BUSINESS WIRE)--The "Feed Phosphates Market by Type (Dicalcium, Monocalcium, Mono-dicalcium, Defluorinated, and Tricalcium), Livestock (Ruminants, Swine, Poultry, and Aquaculture), Form (Powder and Granule), and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The feed phosphates market is estimated to be valued at USD 2.25 billion in 2018 and is projected to reach 2.80 billion by 2024, at a CAGR of 3.7%.
The market is driven by the rise in consumption of meat and dairy products and high threat of diseases in livestock. Fluctuating prices of phosphate and increasing use of substitutes such as phytase are the major restraints for the growth of this market.
The monocalcium phosphate segment is projected to grow at the highest CAGR during the forecast period. Monocalcium phosphate has the highest digestible phosphorus content, which is the main reason why many feed manufacturers and producers are beginning to switch from DCP to MCP. The high solubility and optimal phosphorus concentration of MCP also offer increased flexibility in dietary formulations.
The feed phosphates market, by livestock, is estimated to be dominated by the poultry segment in 2018. It is also projected to be the fastest growing through 2024. On a global level, the total poultry production has been increasing; with such growth in poultry production and consumption, it has become important for meat producers to focus more on quality. Poultry requires relatively large amounts of calcium and phosphorus for normal growth and skeletal development, which gives a boost to the feed phosphates consumption.
Key Topics Covered
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Feed Phosphates Market, By Type
7 Feed Phosphates Market, By Livestock
8 Feed Phosphates Market, By Form
9 Feed Phosphates Market, By Region
10 Competitive Landscape
11 Company Profiles
- The Mosaic Company
- Nutrien Ltd.
- OCP Group
- Yara International ASA
- Eurochem Group AG
- Ecophos Group
- Fosfitalia Group
- J.R. Simplot Company
- Quimpac S.A.
- Sichuan Lomon Corporation
- Sinochem Yunlong Co. Ltd.
- Wengfu Group
- Rotem Turkey
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