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Feed Phosphate Market Continuously Happening Technological Advancements and Innovations
Feed phosphate plays a vital role in the feed industry. Various technologies are involved in the manufacture of feed grades with source of feed phosphate. The market of feed phosphate is fueled by developments in good feed grades. The companies are going for innovation in products and expanding with a key objective to penetrate the untapped markets. The feed industry of developing countries such as regions in Asia-Pacific, are moving towards the growth stage which can lead to scarcity of raw materials for new markets.
Feed phosphate has led to manufacture of nutrition-rich meals for animals. Technological advancements and innovations are continuously happening in the feed phosphate sector. These improvements have enabled better and more efficient preparation of feed. Feed phosphates include dicalcium phosphate, monocalcium phosphate, mono-dicalcium phosphate, tricalcium phosphate, and defluorinated phosphate, etc. To fulfill the current market requirements, the feed phosphate segment has led to development in product segments.
The Asia-Pacific feed phosphate market is developing at a high rate. The North American market growth rate follows the Asia-Pacific market.
Companies such as EcoPhos S.A (Belgium), EuroChem (Russia)), and PhosAgro (Russia), etc. are strengthening their feed phosphate segment by expanding their business operations. By adopting this strategy, companies are competing with each other and increasing their revenues from feed phosphates.
Through growth strategies such as acquisitions, joint ventures and agreements, the companies are expanding their global presence. The companies operating in this market, namely, The Mosaic Company (U.S.) and PotashCorp (Canada) etc., are expanding by going for acquisitions, which may enhance their penetration in the feed phosphate market.
Feed Phosphate Market by Type (Dicalcium phosphate, Monocalcium phosphate, Tricalcium phosphate, Defluorinated phosphate & Others), by Livestock (Swine, Cattle, Poultry, Aquatic Animals & Others), by Geography - Global Trends & Forecasts to 2018
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