Innovations Galore In The Feed Phosphate Market
Published On :
The feed phosphate market reached the valuation of nearly US$ 1.5 Bn in 2018 and is likely to experience steady growth through 2028. A new Persistence Market Research study suggests that the feed phosphate market value will expand at over 4% CAGR between 2018 and 2028. By species, poultry is projected to remain dominant in the global feed phosphate market, with a considerably high market share of more than 43% at present.
Meat Processing Industrialization to Drive Substantial Revenue to Feed Phosphate Market
Meat processing has been an industrialized sector since the recent decades, which is offering a cost benefit to consumers. Since beef and other meat products cost nearly half of what they used to in the last century, industrialization of meat processing will remain the most sought after advantage over the years to come. However, the scenario has also been responsible for imposing pressure on the animal husbandry industry to produce an increased number of animals under a shorter timeframe. This has been beneficial for feed additives such as feed phosphates. Feed phosphate allows animal rearers to achieve the desired animal weight faster and more efficiently than by using traditional nutritional supplements.
Request for Sample Report: https://www.persistencemarketresearch.com/samples/27682
The feed phosphate market is not as highly fragmented as other feed additive markets, since a small group holds a large share of phosphate processing, worldwide. There are various established, organized players present in the feed phosphate market that have the capabilities and means to fulfill the increasing consumer requirements of phosphate products.
There have been market entrants in the feed phosphate industry with enormous manufacturing capabilities, which is expected to increase the inflow of feed phosphate products and slow down the price increase that was expected in the market. This might encourage potential feed phosphate consumers to make purchases based on the same, increasing the feed phosphate market value and volume in the process, during the forecast period (2018-2028).
Consumption of Monocalcium Feed Phosphate Continues at Steady Pace, Dicalcium Variant May Lose in Terms of Market Share
Dicalcium phosphate currently holds just-under 55% share in the feed phosphate market value. Monocalcium phosphate on the other hand, accounts for more than a third of the total market value. 38.7% market share. Rapidly increasing production of the latter by feed phosphate manufacturers is however projected to accelerate the demand growth of monocalcium phosphate, especially in the North American region. Monocalcium phosphate is becoming a preferred consumer choice, particularly among the agricultural community, which is fueling the demand.
Get A Customized Scope To Match Your Need Ask An Expert – sales@persistencemarketresearch.com
North America and East Asia Prominent Regions in Feed Phosphate Market
In the global feed phosphate market, North America and East Asia prove to be prominent regions in terms of market value and volume. However, East Asia and South Asia are regions that hold the most promising opportunities for growth, with CAGRs of 4.0% and 3.3%, respectively. This can be attributed to the increasing and efficient animal husbandry practices in these regions, and also the increasing compound feed production.
Key Producers of Feed Phosphate
Some of the key players included in the feed phosphate market report are :
- Aliphos
- PHOSPHEA
- BenTrei
- Nutrien Ltd.
- PhosAgro
- AG CHEMI group s.r.o
- De Heus
- OCP (Office chérifien des phosphates)
- Ma’aden Phosphate Company
- EcoPhos S.A.
- Yara International ASA
- The Fosfitalia group
- Other
The key competitors in the market are focusing on product developments, expansions and investments, and mergers & acquisitions for catering the market requirements.
If You Want Depth Analysis Buy Now @ https://www.persistencemarketresearch.com/checkout/27682
About Us: Persistence Market Research
Contact Us:
Persistence Market Research
Address – 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – sales@persistencemarketresearch.com
Website – https://www.persistencemarketresearch.com
Sales – sales@persistencemarketresearch.com
Wanda Rich has been the Editor-in-Chief of Global Banking & Finance Review since 2011, playing a pivotal role in shaping the publication’s content and direction. Under her leadership, the magazine has expanded its global reach and established itself as a trusted source of information and analysis across various financial sectors. She is known for conducting exclusive interviews with industry leaders and oversees the Global Banking & Finance Awards, which recognize innovation and leadership in finance. In addition to Global Banking & Finance Review, Wanda also serves as editor for numerous other platforms, including Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune.
