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North America Feed Phosphate Market Size By Product (Monocalcium Phosphate, Tricalcium Phosphate, Dicalcium Phosphate, Ammonium Phosphates, Defluorinated Phosphate, Others), By Livestock (Poultry, Cattle, Aquaculture, Swine, Pet, Others), Growth Potential, Competitive Market Share & Forecast, 2020 – 2026
Published Date: November 2020 | Publisher: Graphical Research Report ID: GR1539 | Delivery : PDF  Request Free Sample

North America Feed Phosphate Market growth was valued at above USD 1.05 billion in 2019 and industry is expected to witness substantial gains by 2026.

Feed phosphate is one of the inorganic salts of phosphoric acid which is derived from the phosphate rocks. It offers an essential nutrient and provide animals a combination of magnesium and calcium , which promote healthy animal growth and development. Thereby, it has massive demand in the animal feed industry. In addition to these, feed phosphate also helps to improve gut functionality, fertility and ensure optimal growth, and aiding in bone development. These listed benefits of feed phosphate in development of animal’s health has  supports the market growth in the region.

Recent epidemic outbreaks in the U.S. has increased the concern regarding the quality of meat. Growing consumer awareness pertaining to extrinsic quality of meat will drive global meat market, thereby boosting product demand in the region. Rising poultry borne diseases and prevailing infections has led to increase in need for production of healthy meat products thereby stimulating product demand.

Feed phosphates are used for the animal growth and they provide optimum levels of phosphorus and calcium thereby meeting their requirements for essential nutrients. Minerals play a crucial role in health, reproduction, and longevity along with the maintenance of a balanced diet in livestock. Additionally, it acts as an aid in the development of skeletal systems, helps in the production and metabolization of energy and proteins, and optimization of feed efficiency and production along with enhancing the efficacy of enzymes and amino acids. Feed phosphates contain essential minerals required for the overall growth and maintenance of animals. In addition to these, the gradual shift of consumers towards consuming meat products over traditional food products owing to increasing individual spending and change in eating habits has attribute towards the market growth of feed phosphate in the North America region.

Monocalcium phosphate product is anticipated to witness remarkable growth during the forecast period with the CAGR of 3.9% owing to increasing consumer awareness towards the animal health and their wellbeing. Monocalcium phosphate is provides high palatability better in livestock than other feed phosphates. Monocalcium phosphate may witness a high ability to capture the market.

Phosphorous is found in teeth and bones along with calcium in animals, which plays a crucial role in livestock production and growth. The calcium contained in the MCP provides functions such as the capability to paralyze the harmful effects excreted by elements such as potassium and magnesium, activation of digestive ferments, and the enhancement of the digestibility of substances along with the normal functioning of muscle, heart, and nerves. The content of phosphorus in MCP helps in improving metabolism along with performing functions such as glycolysis, renal excretion, and lipid transport.

The Mosaic Company offers monocalcium phosphate, which is a feed-grade product under the brand name Biofos, which is produced by reacting calcium carbonate with defluorinated phosphoric acid. The product is high in phosphorous content and contains a minimum of 21 percent P along with providing high solubility and superior biological value. This aforementioned reason are stipulating towards the market growth in the North America region.

Polutry livestock is anticipate to exceed over USD 625 million by the end of 2026 with the CAGR of 3.9% owing to increasing demand for poultry products such as eggs, milk and others. Feed phosphate including dicalcium phosphate (DCP) and monodicalcium phosphate (MCP) are widely used in poultry industry owing to its superior properties. They are used in poultry birds as a growth supplement to improves efficiency, performance, feed utilization, laying capacity and prevent diseases by enhancing immune response. It is also improving performance of poultry livestock by building and maintaining a strong skeleton as well as optimizing muscle growth and maximizing meat and egg production.

North America led by the U.S, Canada and Mexico feed phosphate market is being driven by essential nutrient requirement in poultry and other livestock production. The National Research Council in the U.S has published various editions of nutrient requirements of poultry production which states the essential mineral requirements in the diets. High prevalence of nutritional deficiencies in human diets will derive the need of meat-based products rich in iron, minerals, vitamin and magnesium. which is one of the significant reasons that fuels the market demand.

North America feed phosphate market size  is competitive with key players including OCP GroupTIMAB (Phosphea AG CHEMI GROUP s.r.o., Rotem Turkey The Mosaic Company, EuroChem Ltd., Potash Corp., Phosagro Ltd.,), , Lifosa and Elixir Group.Manufacturers are majorly focussing on providing high quality products at affordable prices to meet the increasing consumer demands in the market.
 

Frequently Asked Question(FAQ) :

Feed phosphate is one of the inorganic salts of phosphoric acid which is derived from the phosphate rocks. It offers an essential nutrient and provide animals a combination of magnesium and calcium, which promote healthy animal growth and development.
North America led by the U.S, Canada and Mexico feed phosphate market is being driven by essential nutrient requirement in poultry and other livestock production.
The industry share of North America Feed Phosphate is projected to cover $ 1.25 Bn by 2026.

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