Feed Phosphate Market Will Grow In The Next Few Years
During the forecast period (2018-2024), the feed phosphate market is expected to grow at a CAGR of 3.7% and will reach a value of US$2.8 billion by 2024.
This is based on MarketsandMarkets.
Feed phosphate is defined as the inorganic salt of phosphoric acid extracted from phosphate rock. These phosphates are essential nutrients in the animal diet to ensure optimal growth, improve intestinal function, fertility and help bone development. The main phosphate types used are dicalcium phosphate (DCP) and monocalcium phosphate (MCP), which account for the majority of the market. Other types of phosphate feeds include monocalcium phosphate, tricalcium phosphate and defluorinated phosphate.
Monocalcium feed phosphate grows fastest
Analysis by market research firm MarketsandMarkets shows that the feed phosphate market is expected to grow in the next few years. Among the various feed phosphate types, monocalcium phosphate feed (MCP) is expected to grow at the highest rate during the forecast period. A purified form of calcium dihydrogen phosphate is obtained by reaction of calcium hydroxide with wet process phosphoric acid. Highly soluble, easy to handle, can be used to mix feed and minerals. In addition to preventing abnormal development of bone, its use in feed enhances the animal's reproductive cycle. In addition, MCP has the highest digestible phosphorus content of ~80%, which is the main reason for many feed producers and producers to start moving from DCP to MCP. The high solubility and optimum phosphorus concentration of MCP provides greater flexibility in dietary formulations.
Alternative to phosphate rock
Most companies on the feed phosphate market have similar products and use the same production process to produce feed phosphate from phosphate rock, which is a limited resource. However, in order to ensure the sustainable supply of high-quality phosphate in the feed industry, market participants need to invest in research and development, and propose innovative production processes and alternative phosphorus sources. In recent years, there has been a lot of innovation in phosphorus recovery technology. Various methods are available for phosphorus recovery, including chemical precipitation, biological phosphorus removal, crystallization, and novel chemical precipitation methods, the latest of which is wet chemical methods using fly ash. In order to recover waste water, sewage sludge and phosphorus contained in the fly ash of sewage sludge, we have made many efforts. These innovations in the production process and new raw materials may reduce the dependence on phosphate rock, thereby reducing the feed price of phosphate.
Increase the use of phytase
The high cost of phosphates, such as monocalcium and dicalcium phosphate, leads to increased use of alternatives such as phytase, which is less costly and can be used as a means of controlling total feed costs. In addition to being relatively cost-effective, the use of phytase in feeds has many advantages and meets various functions of feed phosphates, such as enhancing digestion, improving bone health, emphasizing weight and breaking down indigestible phytic acid (in cereals) Found) oilseeds, which help release digestible phosphorus, calcium and other nutrients that help animals grow. In addition, phytase promotes higher feed intake compared to feed phosphate, which contributes to the animal's physical development and thus produces better performance. Therefore, the feed phosphate market is expected to grow moderately due to a range of innovations expected to contribute to market production and supply. However, due to the emergence of alternatives such as phytase, the consumption of feed phosphate and the diversion of use are expected to disrupt market growth during the forecast period.