October 21, 2019
According to the latest study titled ‘Global Feed Phosphate Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024’ available with Market Study Report LLC, the global feed phosphate market is estimated to accumulate US $7880 million by the year 2024.
Feed phosphates are utilized to enhance the nutritional value of feed and to further optimize the quality of meat and dairy products. The product refers to inorganic salts of phosphoric acid with calcium carbonate. Feed phosphate covers for the phosphorus need in animal while ensuring growth, bone development, and fertility. It increases selenium content in eggs, optimize tenderness in meat and produce high calcium content in milk. Growing awareness among the animal farmers about the benefits of product, need to enhance quality and quantity of production to meet consumer needs, and rising concern towards animal health are the main factors augmenting the feed phosphate market growth.
As per the study, feed phosphate market was worth US $6160 million in 2019 and is expected to register a growth rate of 4.2% over the analysis time period. Moreover, the production of feed phosphate increased from 11392.5 K MT in 2012 to 14123.1 K MT in 2016. The study encompasses the details related to sales graphs, revenue shares, and price trends for each segment and manufacturer. Furthermore, it offers an in-depth understanding market dynamics, sales channels, and value chain.
Based on type, feed phosphate market is bifurcated into monocalcium phosphate, dicalcium phosphate, and others. While the former is used in aquaculture, the later finds application in poultry and livestock. Dicalcium phosphate segment held 69.15% market share in 2016, claims the report.
On the basis of application spectrum, the industry is divided into aquaculture, poultry, livestock, and others. Whereas, considering the geographical outlook, the worldwide feed phosphate market is fragmented into five major regions, namely, South America, Europe, Asia Pacific, North America, Middle East & Africa.
Request sample copy of this Report@ https://www.marketstudyreport.com/request-a-sample/1802186/
The report cites that China dominated the global feed phosphate market with 38.22% production share in 2016, pertaining to the prevalence of majority of manufacturers in the country.
The key contenders of feed phosphate market are Sichuan Lomon, Mosaic, Rouiller Group, EcoPhos, PhosAgro, Potash Corp, Yara, EuroChem, TIMAB, Simplot, Yunan Phosphate Chemical, OCP, Jinnuo Chemical, Sinofert, and Chanhen.
Frequently Asked Questions (FAQ) :