March 12, 2014
In 2013, the world market for feed phosphates was estimated to be worth US$4.6 billion in 2013 and is expected to reach US$5.3 billion by 2018, at a compound annual growth rate (CAGR) of 2.9%, according to a new report by MarketsandMarkets.
Feed phosphates are nutritive supplements which are added as a source of calcium and phosphorus in the diet of animals. They are used for various purposes such as to enhance the growth of the animals, by strengthening bones of animals, efficient functioning of nervous system, improving metabolism, and improving digestibility of feed. Feed phosphates help to produce healthy livestock, which are used for consumption as meat and breeding.
Crucial restraints of the industry are the increasing cost of phosphate and unavailability of phosphate reserves. However, the increasing use of feed products is creating opportunities for the feed phosphate grades. Environmental concerns and regulatory ban over some harmful additives are other opportunities for animal feed additives. The manufacturers are also developing innovative production techniques to increase production capacity and cost-efficiency.
The report, Feed Phosphate Market segments feed phosphate by type (dicalcium phosphate, monocalcium phosphate, mono-dicalcium phosphate and tricalcium phosphate, defluorinated phosphate and others); by livestock (swine, cattle, poultry, aquatic animals and others); and by geography.
