Feed Phosphate Market Application Potential, Price Trend, Covid-19 Impact Analysis, Competitive Market Share & Forecast, 2022 – 2028
The Feed Phosphate Market was estimated to be USD 2.41 billion in 2021 and is forecasted to reach USD 3.32 billion by 2028 at a CAGR 4.7% during the forecast period 2022-2028.
Feed Phosphates are inorganic salts of phosphoric acid, which are used to meet the phosphorus requirements of an animal diet to ensure optimal growth, boost performance, fertility, and bone development. Phosphates in animal feed improve the laying capacity and prevent diseases; therefore, widely used in animal feed applications. Most of the feed phosphates used are calcium phosphates in different forms including monocalcium phosphate, tricalcium phosphate, and dicalcium phosphate. They are used in nutrition and animal supplements including poultry, cattle, pigs, and aquaculture.
The feed phosphate market is likely to gain massive growth opportunities due to the high demand for nutritional food in livestock rearing. The feed phosphates are considered efficient in building up the immune system that caters to the overall health of the animals. In addition, the robust demand for high-quality meat may trigger the growth of the feed phosphate market.
The Major Players In The Feed Phosphate Market Include:
- The Mosaic Company (US)
- Phosphea (France)
- Nutrien Ltd. (Canada)
- OCP Group (Morocco)
- Yara International ASA (Norway)
- EuroChem Group AG (Switzerland)
- PhosAgro (Russia)
- Ecophos Group (Belgium)
- Fosfitalia Group (Italy)
- R. Simplot Company (US)
- Quimpac S.A. (Peru)
- Sichuan Lomon Corporation (China)
- Sinochem Yunlong Co. Ltd. (China)
- Wengfu Group (China)
- Rotem Turkey (Turkey)
The market has segmented the global Feed Phosphate market on the basis of type, application, and region:
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- Monocalcium Phosphate (MCP)
- Dicalcium Phosphate (DCP)
- Tricalcium Phosphate (TCP)
- Mono Dicalcium Phosphate (MDCP)
- Monosodium Phosphate (MSP)
The Feed Phosphate research details the market area, which is further broken down into sub-regions and countries/regions. This chapter of the report includes information on profit prospects in addition to market share in each country and sub-region. The market share and growth rate of each region, country and sub-region throughout the forecast period are discussed in this chapter of the study.
Geographic Segment Covered in the Report:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
- Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of South America)
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Covid-19 Impact and Recovery Analysis on Industry:
The COVID-19 pandemic has had devastating effects on several industry verticals globally. To constrain the number of cases and slow the coronavirus spread, various public health guidelines were implemented in different countries across the globe. COVID-19 protocols range from declaring national emergency states, enforcing stay-at-home orders, closing nonessential business operations and schools, banning public gatherings, imposing curfews, distributing digital passes, and allowing police to restrict citizen movements within a country, as well as closing international borders. With the growing vaccination rate, governments are uplifting the protocols to give a boost to the stagnant economy. Like other industries, Feed Phosphate Market has experienced a slow down the growth, however, the market is expected to bounce back as restrictions are being lifted up by governments across the globe.
The report helps both major players and new entrants to analyze the market in-depth. This helps the key players to determine their business strategy and set goals. The report provides key market information including niche growth opportunities as well as Feed Phosphate market size, growth rate, and forecast in key regions and countries.
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Key benefits of buying the report
- The report would help the market leaders and new entrants in the global Feed Phosphate market in the following ways:
- The report segments the market into various sub-segments, hence it covers the market comprehensively. It provides the closest approximations of the revenue numbers for the overall market and its sub-segments. The market numbers are further split across applications and regions.
- It helps in understanding the overall growth of the market. It also provides information about key market drivers, restraints, challenges, and opportunities.
- It helps stakeholders in understanding their competitors better and gaining more insights to strengthen their positions in the market. The study also presents the positioning of the key players based on their product offerings and business strategies
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