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Global Feed Phosphate Market Expected to Witness a Sustainable Growth over 2023
Phosphates are derived from phosphate rock and is considered as an essential nutrient for effective performance of various functions including growth, repair, lactation and reproduction. These products are incorporated into the diets of animals and are mixed with commercial animal food such as fodder and other premixes for the effective results. These products promote better heath and prevents diseases including rickets during the poultry production. High prevalence of animal diseases owing to improper diet and lack of essential nutrients in the body will drive the market growth.
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Global Feed Phosphate Market: Forecast by Type / Application / Region
High economic growth accompanied with consumer willingness to spend on quality meat products such as pork, poultry and beef owing to high content of protein, vitamins and minerals is promoting the usage of meat consumption mainly in Asia Pacific region. Growing consumer preferences of youth population towards non-vegetarian diet in India, Indonesia and China will support the market growth. China is the largest pork producer in world, producing nearly half of the world’s pork.Also, rising demand for processed meat products which are generally beef, chicken and pork based, owing to hectic schedule of consumers are expected to drive the market growth.
Over the next five years, LPI(LP Information) projects that Feed Phosphate will register a x% CAGR in terms of revenue, reach US$ x million by 2023, from US$ x million in 2017.
Global Feed Phosphate Market: Key Players
ADDCON
BASF(Germany)
BIOMIN Holding(Austria)
Corbion(Netherlands)
Eastman Chemical(USA)
Impextraco(Belgium)
Jefo Nutrition(Canada)
Kemin Industries(USA)
Novus International(USA)
Perstorp Holding(Sweden)
Trouw Nutrition(Netherlands)
Selko Feed Additives(Netherlands)
Yara International(Norway)
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Related Information:
United States Feed Phosphate Market Research Report 2018
Europe Feed Phosphate Market Research Report 2018
North America Feed Phosphate Market Research Report 2018
Asia-Pacific Feed Phosphate Market Research Report 2018
China Feed Phosphate Market Research Report 2018
EMEA Feed Phosphate Market Research Report 2018
Global Feed Phosphate Market Research Report 2018
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