(Food-Beverage-News.Com, October 07, 2017 ) Asia-Pacific Feed Phosphate Market has been estimated at USD 1.39 billion in 2016 and is projected to reach USD 1.68 billion by 2021, at a CAGR of 3.8% during the forecast period from 2016 to 2021.
Phosphate is a vital nutrient to the animals for optimal fertility, growth, and bone development. But they couldn’t produce enough phosphate on their own and hence it is added to the animal feed to deliver required nutritional content. There are various advantages related to the phosphate feed usage which includes nutritional quality enhancement, meat quality improvement, and ease in feed digestibility.
Some of the factors like rising structuring of pork and poultry industry, consumption of meat, developing livestock during their growth stages are responsible for driving the market. However, Stringent regulations, increasing expense of raw materials, and lesser availability of phosphate reserves are some of the key factors restraining the market.
Asia-Pacific Feed Phosphate market is categorized based on Type and Livestock. Based on Type, market is segmented into Dicalcium Phosphate, Monocalcium Phosphate, Mono-Dicalcium Phosphate, Defluorinated Phosphate, Tricalcium Phosphate, and Others. Based on Livestock, market is segmented into Swine, Cattle, Poultry, Aquatic Animals, Others.
Geographically, the market is further segmented into India, china, Japan, Australia and South Korea. Asia-Pacific market dominates the market globally with the highest market share as well as highest CAGR. This is due to the presence of developing countries like China and India and growing demand for animal products. China accounted for around 23.5 % of the global share.
The key players in the market include The Mosaic Company, EuroChem Ltd., Potash Corp., PhosAgro, and OCP Group.
About Market Data Forecast: Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options. For more information, kindly visit, www.marketdataforecast.com
