North America Feed Phosphate Market

1. North America Feed Phosphate Market Revenue to Exceed USD 1.2 Billion by 2026: Graphical Research ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

2. North America feed phosphate market is reported to witness tremendous growth during the forecast period of 2020-2026 owing to rise in demand for meat products. It is important for animal owners to ensure that the meat consumed by the consumers is healthy and fresh. For this purpose, it is important to keep the animals healthy and free from any grave illness. This need has also affected the industry’s market value which is projected to reach a whopping $1.25 billion by 2026 in North America. Feed phosphate is an end product of phosphate rocks and is an inorganic salt from phosphoric acid. It is rich in nutrients and minerals like magnesium and calcium and enables overall muscle and body development in animals. They even help in improving gut health, boost immunity and increase the animal’s fertility rate. It is because of these benefits that feed phosphates will see rapid increase in demand in North America feed phosphate market. When the COVID-19 pandemic hit the region, it raised several concerns among consumers about the quality and health of the meat products they consumed. This growing worry had a positive impact on the regional feed phosphate market as more and more companies engaged in animal husbandry started buying feed products that are rich in nutrients and minerals. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

3. Browse detailed statistical insights from the report, “North America Feed Phosphate Market” along with the table of contents (ToC) @https://bit.ly/3uFye1N Get sample copy of this research report @ https://www.graphicalresearch.com/request/1539/sample ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

4. Increasing disposable income of consumers is another factor that is reported to benefit the consumption of North America feed phosphate market. There was a time when the region’s population could not afford to have meat as it was much more expensive as compared to vegetables. But that is not the case today as there is a rise in the standard of living and quality of life led by the population. There has been a drastic change in the consumer eating habits which as well has led to increased demand for meat products, increasing the demand for feed phosphates. There are different types of feed phosphates available in the market which offer a wide range of health benefits to animals like improved skeletal structure, healthy weight gain, increased immunity, higher metabolism and many others. Out of these, monocalcium phosphate is reported to see rapid demand among end-users in the North America feed phosphate market. This is because it has higher palatability rate as compared to its counterparts. It contains calcium in high quantities and provides a variety of benefits like activating and improving digestion, mitigating harmful effects of potassium and magnesium, helping the heart, muscle and nerves function in a healthy way, among others. Poultry products like eggs, milk and meat are expected to see incredible rise in their demand and the market is also projected to shoot up during the forecast period. Feed phosphates like monocalcium phosphate (MCP) and dicalcium phosphate (DCP) are predominantly used in poultry animals to improve their performance and efficiency. They help improve the laying capacity of birds as well which results in increased production. They boost the immunity of animals and help prevent diseases as well. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

5. The National Research Council in the U.S. has come up with a series of editions stating the nutrition standards to be met by poultry farmers and states the minimum mineral requirement in the diet. Increasing imbalance in human diet and inability to meet sufficient nutrition standards will drive demand for poultry products as they are rich in iron, vitamins, minerals and magnesium. Some of the key companies engaged in producing feed phosphates in North America are OCP Group TIMAB (Rotem Turkey The Mosaic Company, Phospea AG CHEMI GROUP s.r.o., EuroChem Ltd., Phosagro Ltd., Potash Corp.), Elixir Group, Lifosa and many others. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

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