DUBLIN--(BUSINESS WIRE)--The "NPK Fertilizers (feed-grade & food-grade) Market by Application (Bakery Products, Meat & Meat Products, Dairy Products, & Beverages), Form (Powder, Liquid, & Others), Type (Nitrogen, Phosphorus, Potassium, & Others), & Region-Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The NPK Fertilizers (Food-Grade) Market is Estimated to Be Valued at USD 2.4 Billion in 2018 and is Projected to Reach USD 2.9 Billion By 2023, at a CAGR of 4.0% From 2018 to 2023.
The market is driven by a rise in consumption of meat & dairy products and increasing awareness about the quality of food products. Skepticism associated with the use of NPK fertilizers (food-grade) is the major challenge for the growth of this market.
Phosphorus segment estimated to lead the market with the largest share from 2018.
The NPK fertilizers (food-grade) market, in terms of type, is estimated to be led by the phosphorus segment in 2018. The segment is also projected to grow at the highest CAGR between 2018 and 2023. Increasing demand for dairy and meat & meat products, along with growing consumer awareness regarding the benefits of food-grade phosphate are some of the major factors driving the market.
The powder segment is projected to be the fastest-growing form of NPK fertilizers (food-grade) from 2018 to 2023.
The NPK fertilizers (food-grade) market, by form, is estimated to be dominated by the powder segment in 2018. The powder segment is driven mainly by its ease of use, uniform consistency, and ability to not alter the desired texture of the food product. Such types of food-grade fertilizers are preferred especially for processing powdered products such as spray-dried cheese or milk powders and aid in the protection of milk proteins from heat dehydration.
Asia Pacific set to lead the NPK fertilizers (feed-grade and food-grade) market with the largest share in 2018.
The Asia Pacific NPK fertilizers (feed-grade and food-grade)market is estimated to be the largest in 2018. The market is driven by the changing food consumption patterns in the region owing to rising incomes and urbanization, especially in South Asian countries.
The penetration of commercial feed and high-protein food is increasing in most countries in this region. The region has also witnessed promising growth in the production of processed feed in the last few years, owing to increasing awareness about the benefits of commercial feed. As a result, the demand for NPK fertilizers (feed-grade) is projected to grow in the region.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the NPK Fertilizers (Feed-Grade and Food-Grade) Market
4.2 Asia Pacific: NPK Fertilizers (Feed-Grade) Market, By Type & Key Country
4.3 NPK Fertilizers (Food-Grade) Market, By Form & Region
4.4 NPK Fertilizers (Feed-Grade) Market, By Livestock & Region
5 Market Overview
5.2 Market Dynamics
188.8.131.52 Rise in Consumption of Meat and Dairy Products
184.108.40.206 High Threat of Diseases in Livestock
220.127.116.11 Increasing Awareness About the Quality of Feed and Food Products
18.104.22.168 Toxicity of Feed-Grade Fertilizers in Ruminants
22.214.171.124 Emerging Markets With Growth Opportunities
126.96.36.199 Skepticism Associated With the Use of NPK Fertilizers (Feed-Grade and Food-Grade)
5.3 Value Chain Analysis
5.3.1 Regulatory Landscape
6 NPK Fertilizers (Food-Grade) Market, By Type
7 NPK Fertilizers (Food-Grade) Market, By Application
7.2 Meat & Meat Products
7.3 Bakery Products
7.4 Dairy Products
8 NPK Fertilizers (Food-Grade) Market, By Form
9 NPK Fertilizers (Feed-Grade) Market, By Livestock
10 NPK Fertilizers (Feed-Grade) Market, By Type
11 NPK Fertilizers (Feed-Grade and Food-Grade) Market, By Region
11.2 North America
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.5 Rest of Asia Pacific
11.5 South America
11.5.3 Rest of South America
11.6 Rest of the World (RoW)
11.6.2 Middle East
12 Competitive Landscape
12.2 Competitive Scenario
12.3 Market Ranking Analysis
12.5.1 New Product Launches/Developments/Registrations
13 Company Profiles
13.1 Borealis Ag
13.3 Yara International ASA
13.4 Petrleo Brasileiro S.A.
13.5 Agrium Inc.
13.6 The Mosaic Company
13.7 Israel Chemicals Ltd.
13.9 The Potash Corporation of Saskatchewan Inc.
13.10 K+S Aktiengesellschaft
13.13 Haifa Chemicals Ltd.
13.14 Aditya Birla Chemicals
13.15 Skw Stickstoffwerke Piesteritz Gmbh
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