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Scarcity of Feed Phosphate Market Reserves is a Restraint to the Feed Phosphate Industry
Feed phosphate market is an upcoming market and the companies are adopting expansion of their feed phosphate business, as their growth strategy. Dicalcium phosphate is considered as a main type of feed phosphate. Monocalcium phosphate is the second most important market. Dicalcium phosphate is the most popular type of feed phosphate. Companies operating in this market such as, EcoPhos S.A (Belgium), EuroChem (Russia), The Mosaic Company (U.S.), PhosAgro (Russia), etc., are expanding by expansion of production capacities, and technologies to enhance their penetration in the feed phosphate market.
Role of feed phosphate is of pivotal importance when it comes to the manufacture of feed grades. Proper blend of feed phosphate is essential for production of feed. Companies are adapting new technologies which are used in the manufacture of feed phosphates.
Traditionally, feed grades where not supplemented in feed of animals; however, with such feed grades and supplements, the livestock industry has thrived. Companies such as The Mosaic Company (U.S.), and PhosAgro (Russia), etc., are focusing on feed phosphate development by adopting the expansion strategy. This has intensified the growth of the integrated value chain in the respective companies.
With the development being observed in the livestock industry and industrialization of poultry and pork meat production, feeding livestock with feed grades is becoming a largely adopted practice. However, the increasing cost of raw materials is becoming a hindrance in the development of feed phosphate industry. The increasing meat consumption in the global market proves to be a driving force for the feed phosphate industry, whereas the scarcity of phosphate reserves is a restraint to the feed phosphate industry.
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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