[159 Pages Report] Feed phosphates are defined as inorganic salts of phosphoric acid that are extracted from the phosphate rock. These phosphates are an essential nutrient in animal diets, ensuring optimal growth, improving gut functionality, fertility, and aiding bone development. Feed phosphates are often provided to animals in conjunction with calcium and magnesium, which further aid the growth and development of animals.

Feed phosphates are used as supplements for the diets of livestock, such as poultry, swine, cattle, and aquatic animals. They help animals attain faster growth, including weight gain. Feed phosphates optimize the nutritional value of feed and further enhance the quality of meat and dairy. For instance, optimized tenderness in meat, high selenium content in eggs, and high calcium content in milk are some examples of consumer-driven beneficial modifications in livestock products, which are brought about by the addition of feed phosphates. The major types of feed phosphates used are dicalcium phosphate (DCP) and monocalcium phosphate (MCP), which hold a majority of the market share. Other types of feed phosphates include mono-dicalcium phosphate, tricalcium phosphate, and defluorinated phosphate.

The feed phosphates market is projected to grow at a CAGR of 3.7% during the forecast period (2018�2024), to reach a value of USD 2.80 billion by 2024. Amongst various feed phosphate types, monocalcium feed phosphate is expected to grow at the highest rate during the forecast period. The purified form of monocalcium phosphate is obtained by the reaction of calcium hydroxide with wet process phosphoric acid. Highly soluble and easy to handle, it can be used in mixed feed and minerals. Its usage in feed enhances the reproduction cycle of animals, in addition to the prevention of abnormal development of bones. Furthermore, MCP has the highest digestible phosphorus content of ~80%, which is the major reason why many feed manufacturers and producers are beginning to switch from DCP to MCP. The high solubility and optimal phosphorus concentration of MCP offer increased flexibility in dietary formulations.

Monocalcium phosphate projected to be the fastest-growing type market for feed phosphates from 2018 to 2024

The monocalcium phosphate segment is projected to grow at the highest CAGR during the forecast period. Monocalcium phosphate has the highest digestible phosphorus content, which is the main reason why many feed manufacturers and producers are beginning to switch from DCP to MCP. The high solubility and optimal phosphorus concentration of MCP also offer increased flexibility in dietary formulations.

The poultry segment is projected to be the fastest-growing for feed phosphates from 2018 to 2024.

The feed phosphates market, by livestock, is estimated to be dominated by the poultry segment in 2018. It is also projected to be the fastest growing through 2024. On a global level, the total poultry production has been increasing; with such growth in poultry production and consumption, it has become important for meat producers to focus more on quality. Poultry requires relatively large amounts of calcium and phosphorus for normal growth and skeletal development, which gives a boost to the feed phosphates consumption.

Europe is set to lead the feed phosphate market with the largest share in 2018.

The European market is estimated to be the largest in 2018. The market in the region is driven by the consumption of feed phosphates, as this is a major livestock producer. Meat stands as one of the important segments of the European agricultural sector. The policies formed by the EU encourage animal producers to use healthy and nutrient-rich feed additives and balance their impact of production on the environment thus driving the growth of the feed phosphates market. The South American market is projected to grow at the highest CAGR from 2018 to 2024. The annual livestock production in this region has increased, subsequently driving the demand for compound feed. The rapid expansion of the livestock industry in the region has resulted in a steady import of feed phosphates. Several product developments by market players in the region, along with the increased use of compound feed, are expected to drive the market for feed phosphates.

Market Dynamics

Driver: High threat of diseases in livestock

The outbreak of diseases such as avian flu, BSE (bovine spongiform encephalopathy), and SARS (severe acute respiratory syndrome) not only affect livestock breeding and the economy, but also pose a serious threat to human health. The emergence of swine diarrhea in the US caused significant losses to swine farmers. Moreover, countries such as China, India, and Indonesia are constantly facing outbreaks of avian flu and swine flu, due to the hot and humid climatic conditions. Meat vendors, meat processors, wholesalers, retailers, and ultimately livestock growers suffer financial losses, due to the culling of disease-affected animals, which further lead to a drop in animal productivity. The usage of feed phosphates in such cases proved to be an effective medium to reduce such outbreaks by improving animal health with the provision of necessary nutrients. Calcium and phosphorus are two important macro-minerals required for the proper performance, growth, health, and production of livestock.

Restraint: Phytase � High Cost of Phosphates Driving the Demand for Substitutes

The high cost of phosphate salts, such as monocalcium and dicalcium phosphates, has led to the increase in the usage of substitutes such as phytase, which is lower in cost and can be used as a means of controlling the overall feed cost. According to Danisco Animal Nutrition (UK), the feed division of E. I. du Pont de Nemours and Company (US), phytase is included in more than 90% of poultry diets and about 70% of swine diets. According to the same source, phytase has helped the feed industry to reduce feed input and nutritional costs by USD 2 billion per annum.

Apart from being comparatively cost-effective, the usage of phytase in feed has many advantages and fulfils various functionalities of feed phosphates, such as enhancing digestive processes, improving bone health, accentuating body weight, and breaking down indigestible phytic acid (found in grains and oilseeds), thus aiding the release of digestible phosphorus, calcium, and other nutrients that help the growth of animals. Further, phytase promotes higher feed intake when compared to feed phosphates, which help in the physical development of animals, leading to better performance.

Therefore, the market for feed phosphates is expected to experience a moderate growth rate, owing to a number of innovations that are expected to aid market production and supply. However, diversions in the consumption and usage of feed phosphates due to the advent of substitutes, such as phytase, are expected to disrupt the market growth during the forecast period.

Opportunity: Phosphorous Recovery from Fly Ash � Sustainable Sourcing of Phosphorous

Most companies in the feed phosphates market have similar kinds of products and use the same kind of production process to produce feed phosphate from phosphate rock, which is a finite resource. However, to ensure a sustainable supply of good quality phosphates for the feed industry, market players need to invest in their R&D and come up with innovative production processes and alternative sources of phosphorus. In recent years, there has been a significant number of innovations in phosphorus recovery technology. Various methods can be applied for phosphorus recovery, including chemical precipitation, biological phosphorus removal, crystallization, and novel chemical precipitation approach, the latest among them being the wet-chemical process using fly ash.

A number of efforts are undertaken to recycle the phosphorus contained in wastewater, sewage sludge as well as from the fly ash of incinerated sewage sludge. Such innovations in production processes and newer raw materials are likely to reduce the dependence on phosphate rock, thereby reducing feed phosphate prices. For instance, EcoPhos (Belgium) developed a wet-chemical process to recover phosphorus from fly ash. The company invested about USD 90 million to build a new animal feed-grade DCP production plant with an annual capacity of 220 KT. This plant incorporates the new process to treat ~50 to 60,000 MT of fly ash

Challenge: Toxicity of feed phosphates

Despite feed phosphates being used as a key component to maintain animal health and productivity, their usage above certain limits could be toxic to animals. For instance, excessive intake of phosphorus can interfere with both calcium and magnesium absorption. Excessive calcium intake by consuming dicalcium phosphate, monocalcium phosphate, mono-dicalcium phosphate, and tricalcium phosphate can lead to osteopetrosis, vertebral ankyloses, and degenerative osteoarthritis in cattle. It also results in reduced feed intake, resulting in lower milk yields in cattle. However, because mineral deficiencies in animals are more common occurrences in comparison to toxicities, there is a general tendency to easily exceed minimum animal requirements. In such cases, it becomes imperative to determine if dietary mineral concentrations exceed the maximum tolerance levels of the cattle. Mineral toxicities, which could be a result of excessive consumption of feed or water, may then have significant degrading effects on animal health and performance.

Scope of the Report

Report Metric Details Market size available for years 2016�2024 Base year considered 2017 Forecast period 2018�2024 Forecast units Million (USD) Segments covered Type (Dicalcium phosphate, monocalcium phosphate, mono-dicalcium phosphate, defluorinated phosphate, tricalcium phosphate), Livestock (Poultry, swine, ruminants, and aquaculture), Form, and Region Geographies covered North America, Europe, APAC, RoW, and South America Companies covered 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), J. R. Simplot Company (US), Quimpac S.A. (Peru), Sichuan Lomon Corporation (China), Sinochem Yunlong Co., Ltd. (China), Wengfu Group (China), Rotem Turkey (Turkey)

The research report categorizes the feed phosphate market to forecast the revenues and analyze the trends in each of the following sub-segments:

Based on type, the market has been segmented as follows:

Dicalcium phosphates

Monocalcium phosphates

Mono-dicalcium phosphate

Tricalcium phosphate

Defluorinated phosphate

Others (sodium phosphate, ammonium phosphate, and magnesium phosphate)

Based on livestock, the market has been segmented as follows:

Poultry

Swine

Ruminants

Aquaculture

Others (pets and equine)

Based on form, the market has been segmented as follows:

Powder

Granule

Based on region, the market has been segmented as follows:

North America

Europe

Asia Pacific

South America

RoW (the Middle East, and Africa)

Key Market Players

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), J. R. Simplot Company (US), Quimpac S.A. (Peru), Sichuan Lomon Corporation (China), Sinochem Yunlong Co., Ltd. (China), Wengfu Group (China), Rotem Turkey (Turkey).

Recent Developments

In March 2018, The Mosaic Company acquired the Vale Fertilizantes (a Brazilian fertilizer company that has five phosphate mines), thereby enhancing the company�s market access in the Brazilian feed phosphates market.

In January 2018, Agrium (Canada) and Potash Corporation of Saskatchewan Inc. (Canada), merged together to form a new company by the name of Nutrien Ltd.; this helped in synergizing the assets of both the companies.

In November 2017, EuroChem Group AG announced the official inauguration of its new subsidiary in Bulgaria, known as EuroChem Agro Bulgaria. This move was expected to expand its distribution footprint in the country and more widely in the south of Eastern Europe.

In October 2014, Ecophos Group signed an MoU with the authority of the Grand Port Maritime de Dunkerque (France) to build a new dicalcium feed phosphate production plant in France as part of its development strategy in Europe.

In November 2017, after the acquisition of Vale Fertilizantes (Brazil), The Mosaic Company also acquired Vale�s 45% ownership of the Miski Mayo (Peru), a phosphate mining company, in which it already had 30% ownership, making it the majority owner and operating partner of the joint venture with Mitsu (Japan).

In October 2016, Ecophos Group signed a joint venture agreement with the Evergrow (Egypt), a specialty fertilizer and acid manufacturing company, to build a 110 KT/year dicalcium phosphate (DCP) factory to produce animal feed in Sadat City (Egypt). This joint venture was expected to serve the local and regional demand for feed phosphates.

Critical questions the report answers:

Where will all these developments take the industry in the long term?

What are the upcoming trends for the feed phosphates market?

Which segment provides the most opportunity for growth?

Who are the leading vendors operating in this market?

What are the opportunities for new market entrants?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

The feed phosphates market was valued at USD 2.18 billion in 2017; this is projected to reach 2.80 billion by 2024, at a CAGR of 3.7% during the forecast period. The rise in consumption of meat & dairy products and high threat of diseases in livestock are the factors driving this market.

The periodization considered for the study is as follows:

Base year: 2017

Forecast period: 2018 to 2024

The objectives of the report

Determining and projecting the size of the feed phosphate market with respect to type, livestock, form, and regional markets, over a six-year period ranging from 2018 to 2024

Identifying attractive opportunities in the market by determining the largest and fastest-growing segments across regions

To provide detailed information about the key factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)

To analyze micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market

Identifying and profiling key players in the feed phosphates market

Providing a comparative analysis of market leaders on the basis of the following: Product offerings Business strategies Strengths, weaknesses, opportunities, and threats Key financials

Understanding the competitive landscape and identifying major growth strategies adopted by players across the key regions

Analyzing the supply chain, products, and regulatory frameworks across regions and their impact on the prominent market players

Providing insights on key innovations and investments in the feed phosphate market

Research Methodology:

The key regions were identified, along with countries contributing the maximum share

Secondary research was conducted to find the value of feed phosphates for regions such as North America, Europe, Asia Pacific, South America, and RoW

The key players were identified through secondary sources such as the Food and Agriculture Organization (FAO), the US Department of Agriculture (USDA), International Monetary Fund (IMF), World Bank, and Organisation for Economic Co-operation and Development (OECD), while their market share in the respective regions were determined through both, primary and secondary research processes. The research methodology included the study of annual and financial reports of top market players, as well as interviews with industry experts (such as CEOs, VPs, directors, and marketing executives) for key insights (both quantitative and qualitative) for the feed phosphates market.

To know about the assumptions considered for the study, download the pdf brochure

The various contributors involved in the value chain of the feed phosphates market include raw material suppliers, R&D institutes, feed phosphate manufacturing companies [such as The Mosaic Company (US), Phosphea (France), Nutrien Ltd. (Canada), OCP Group (Morocco), Yara International ASA (Norway)], feed phosphate distributors, livestock producers, feed manufacturers, and government bodies & regulatory associations [such as the US Department of Agriculture (USDA), the Food and Drug Administration (FDA), and the European Food Safety Authority (EFSA)].

Target Audience

The stakeholders for the report are as follows:

Feed manufacturers, processors, traders, and distributors

Animal husbandry companies

Large-scale ranches and poultry farms

R&D institutes

Regulatory bodies

Organizations such as the International Feed Industry Federation (IFIF)

Associations and industry bodies such as The Association of American Feed Control Officials (AAFCO)

Government agencies and NGOs

Food safety agencies

Financial institutions, importers, and exporters of feed phosphate ingredients and sources

Feed & feed additive manufacturers

Trade associations and industry bodies

Importers and exporters of feed and feed additives

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company�s specific scientific needs.

The following customization options are available for the report:

Product Analysis

Product matrix, which gives a detailed comparison of product portfolio of each company

Geographic Analysis

Further breakdown of the Rest of Asia Pacific feed phosphate market, by key country

Further breakdown of the Rest of Europe feed phosphates market, by key country

Company Information