According to a research report "Feed Phosphates Market by Type (Dicalcium, Monocalcium, Mono-dicalcium, Defluorinated, and Tricalcium), Livestock (Ruminants, Swine, Poultry, and Aquaculture), Form (Powder and Granule), and Region - Global Forecast to 2028" published by MarketsandMarkets, the feed phosphates market is estimated at USD 2.6 billion in 2023 and is projected to reach USD 3.2 billion by 2028, at a CAGR of 4.0% from 2023 to 2028. Feed phosphates contribute to the overall health and performance of animals, including bone development, energy metabolism, and immune function. Livestock and poultry farmers are increasingly aware of the benefits of feed phosphates in enhancing animal well-being, leading to their higher adoption.

Market Driver: Rise in consumption of meat and dairy products

The demand for meat, eggs, and dairy products in developing countries has also increased significantly over the past few years. According to Organisation for Economic Co-operation and Development (OECD), in 2021, global milk production, comprising approximately 81% cow milk, 15% buffalo milk, and 4% from goats, sheep, and camels combined, increased by 1.1% to reach approximately 887 million metric tonnes (Mt). This growth was primarily fueled by increased output in India and Pakistan, attributed to the expansion of dairy herds and improved availability of fodder, aided by favorable monsoon rains. According to OECD 2021, the per capita consumption of dairy products is projected to rise by 0.4% per year to reach 21.9 kg (milk solids equivalent) by 2031 in high-income countries. According to the same source, in comparison, low-middle-income countries are expected to experience an annual increase of 2.0% to reach 21.2 kg, while low-income countries are anticipated to see a 1.5% annual increase to reach 5.4 kg. Utilizing feed phosphates in dairy cattle diets can lead to improved feed efficiency. The presence of adequate phosphorus and other essential minerals in the feed enhances nutrient absorption and utilization in the rumen and digestive tract. As a result, dairy cows can convert feed into milk more efficiently, reducing wastage and enhancing overall feed efficiency.

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Europe is expected to account for the largest market share in 2023.

The feed phosphates market industry has been studied in North America, Europe, Asia Pacific, South America and Rest of the World. According to the Alltech Feed Survey, in 2021, feed production in Europe occupied 261.9 million metric tons in 2020 and held a third rank worldwide to cater to animal nutrition in livestock, poultry, swine, and many others. Meat consumption in the region has been on a steady rise, driven by factors such as population growth, urbanization, demographics, higher incomes, and price fluctuations. As a result, the demand for feed in Europe is increasing.

Prominent Firms Featured in the Industry Are:

• Mosiac (US)
• Nutrien Ltd (Canada)
• OCP (Morocco)
• Rotem (Turkey)
• Eurochem Group (Switzerland)
• Phosagro (Russia)
• Fosfitalia Group (Italy)
• Phosphea (France)
• YARA (Norway)
• J. R. Simplot Company (US)

Dicalcium phosphate (DCP) segment, by type is expected to account for the largest market share in 2023

DCP is known for its high bioavailability and digestibility, meaning animals can absorb and utilize the calcium and phosphorus efficiently. Improved nutrient utilization leads to better feed efficiency, resulting in cost savings for farmers as less feed is required to achieve optimal animal growth and production. Dicalcium phosphate can be used in various animal feed formulations, including poultry, swine, cattle, and aquaculture feeds. Its versatility and suitability for different species make it a popular choice among livestock farmers.

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Powder segment, by form, is projected to witness the highest CAGR during the forecast period.

Powdered feed phosphates are easy to handle and mix with other feed ingredients. Their fine texture allows for uniform distribution throughout the feed, ensuring that animals receive a consistent and balanced supply of essential minerals. The fine particle size of powdered feed phosphates results in higher surface area, facilitating better enzymatic activity and absorption in the gastrointestinal tract. This enhanced bioavailability ensures that the animals can efficiently utilize the phosphorus and other minerals present in the feed phosphate.