Growth opportunities and latent adjacency in Feed Phosphates Market

Feed Phosphates Market: Challenges and Opportunities

(EMAILWIRE.COM, November 07, 2019 ) The feed phosphates market was valued at USD 2.18 billion in 2017; this is projected to reach USD 2.80 billion by 2024, at a CAGR of 3.7% during the forecast period. Feed phosphates are used to optimize the nutritional value of feed and further enhance the quality of meat and dairy products, optimize tenderness in meat, increase selenium content in eggs, and high calcium content in milk. Therefore, the rise in consumption of meat & dairy products and prevalence of diseases in livestock are the factors driving this market.

On the basis of type, the monocalcium phosphate segment is projected to grow at the highest rate from 2018 to 2024. Compared to other sources of phosphorus, MCP has some advantages such as neutralizing the harmful effects of a number of elements, such as sodium, potassium, and magnesium; and improving efficiency of carbohydrate, protein, fat, mineral, and energy metabolism in the body, due to which it is projected to grow at the highest CAGR during the forecast period.

On the basis of livestock, the poultry segment is projected to form the fastest-growing market, during the forecast period. 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 boosts the consumption of feed phosphates.

In order to ensure a sustainable supply of good quality phosphates for the feed industry, market players need to invest in their research & development and develop innovative production processes and alternative sources of phosphorus. In recent years, there has been a significant number of innovations in phosphorus recovery technology. There are increasing efforts 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 Group (Belgium) developed a wet-chemical process to recover phosphorus from fly ash. The company invested around 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.

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South America is projected to be the fastest-growing region in the feed phosphates market from 2018 to 2024.

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. Further, the demand for feed phosphates in this region is rising at a steady pace as the demand for dairy products, eggs, and meat from animals is increasing continuously.

How is the excessive proportion of feed phosphates in various feed products creating challenges for the growth of the market?

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. Excessive dietary phosphorus results in weak bones, downer cow syndrome, and urinary calculi. Such toxicities due to excessive intake of minerals such as calcium and phosphorus are generally observed to decrease animal performance, and even lead to anorexia, weight loss, and diarrhea.

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. Therefore, an excessive proportion of feed phosphates in animal feed could cause deteriorating effects on animals and severe toxicities.

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