Feed
Phosphate Market outlook-
Phosphorous
is one of the most important trace elements in plant as well as
animal composition. In case of animals, particularly the livestock,
this required phosphorous is provided as a phosphate enriched feed
supplement, i.e. with feed phosphate. An adequate supply of inorganic
feed phosphates is needed for the proper development of animals,
hence feed phosphates are used in all types of animal feeds across
all animal species, and is not restricted to red meat/poultry alone.
Because of the stringent requirement of feed phosphates as part of
essential nutrition for the animals, the rippling effect of the feed
phosphate market spans across multiple categories of animal husbandry
which include, but are not limited to animal feeds, red meat,
poultry, fish, dairy, fiber etc. The European Food Safety Authority
(EFSA) has concluded in 2005 that excess of phosphorous intake does
not cause ill effects on the human body unless the person is
suffering from a kidney ailment. Therefore, more population has
become liberal in using feed phosphate for animal nutrition. Increase
in dispensable income and rising demand for meat based products in
cumulation with attention towards the quality of the meat make
developing countries such as India, China, Brazil, Argentina a
hotspot for the feed phosphate market growth
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The
demand for feed phosphate rises owing to exponential growth in
population in synergism with the food culture.
With
a growing population and versatility of food preferences, the demand
for high-quality meat products is also on a constant rise. Owing to
the constant increase in demand for meat products, the livestock
rearing has grown and with it, the demand for animal feed has
increased. According To Food And Agricultural Organization Of The
United States the growth in the number of major livestock has been on
a constant rise since 1998. The demand for feed phosphate is further
increased by the recent trend of increase in demand of high quality
meat products. The upkeep of animal to produce high quality meat
products in dependent upon proper nutrition, which will drive the
demand for feed phosphate market higher. Apart from the food
preferences, the dairy and natural animal-derived fiber industry are
also hugely dependent upon the proper development of the animals to
obtain a good quality product. Hence, feed phosphate plays an
important role in the dairy and natural fiber market as well.
However,
Increasing demands in contrast with the limited availability of
phosphorous mineral has led the manufacturers to use different
methods to cut down the use of phosphates and incorporate phytase
into the feed in combination with plant-based phosphorous sources,
which can prove to be a restraining factor for the inorganic
phosphate supplies and in turn, the feed
phosphate market.
Monocalcium
phosphates to surpass dicalcium phosphates as the dominant feed
phosphate in the global market
The
global market for the feed phosphates is trade dependent. MCP
(monocalcium phosphates) have been on the rise and because of the
preference towards MCP because of it’s high phosphorous
bioavailablity, DCP (dicalcium phosphates) has seen a steady decline
in the demand. China has been the major influencer for the growth of
the feed phosphates over the last 15 years. In the light of the shift
between the dominancy of DCP and MCP, the MCP global production share
has seen a significant increase while the DCP global production share
continues to decline.
Global
Feed Phosphate: Key players
Some
of the major players in the feed phosphate market include OCP (Office
chérifien des phosphates), Phosphea (Compagnie Financiere et de
Participations Roullier S.A.), Simplot, BenTrei (Eurochem group),
EcoPhos S.A., The mosaic company, PotashCorp, Phosagro, AG CHEMI
group s.r.o, De Heus Etc.
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