Increasing livestock population boosts monocalcium phosphate demand for feed supplements: Fact.MR
Increasing livestock population boosts monocalcium phosphate demand for feed supplements: Fact.MR
The monocalcium phosphate market was anticipated to be worth USD 3,734.1 million in 2024, and it is expected to increase at a compound annual growth rate (CAGR) of 5.3% to reach USD 6,260.3 million by 2035.
As global livestock farming grows, there is a corresponding need for a certain amount of monocalcium phosphate in the global market. The advanced group of farmers, due to the constantly rising population of chickens, cows, and pigs, looks for improved feed supplements that will enhance the health and productivity of their livestock. Concerning animals, monocalcium phosphate is a critical ingredient in feed since it provides vital phosphorus and calcium necessary for bone and structural growth, development, and the general well-being of an animal. These nutrients also enhance the quality of milk, eggs, and meat.
Monocalcium phosphate is significant for contemporary animal husbandry. In this regard, an increasing number of farmers are starting to experience the advantages of balanced feeds. Future worldwide markets are anticipated to focus more on protein intake, particularly from dairy and meat products.
The application of monocalcium phosphate is also enabled by regulatory bodies and agricultural groups promoting the enrichment of deficient nutritional feeds for animals. In the future, raising livestock will costly, yet it will still guarantee that the world's population is sufficiently nourished.
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Key Takeaways from the Global Monocalcium Phosphate Market Study:
“The rising demand for protein-rich diet is accelerating the expansion of livestock farming leading to greater use of monocalcium phosphate in animal feed production,” says a lead analyst at Fact.MR.
Who is winning?
The competitive dynamics in the monocalcium phosphate sector are fuelled by R&D, and partnerships with market players constantly adapting to shifting client demands. Companies are employing research to provide value-added services with higher quality. Such platforms enable farmers to manage the flavoring processes in real-time, optimize the use of monocalcium phosphate to achieve maximum production, and realize higher productivity. This enhances client relations and broadens the competitive market by creating unique selling points.
Some of these leaders of the Global Monocalcium Phosphate market include AG Chemi Group, Arevin, CKL Africa Ltd., Ecophos, Foodchem International Corporation, EuroChem, Fosfitalia, Intersac, Mosaic, Nordfeed, OCP Group, Pangoo International Limited, PhosAgro, Polifar Group Limited, Quimpac SA Business, Yara International and other market players.
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Monocalcium Phosphate Industry News:
Get valuable insights into the Global Monocalcium Phosphate Market:
Fact.MRs, in its new offering, provides a thorough, detailed, and unbiased analysis of the Global Monocalcium Phosphate Market, presenting Historical Demand data for the years 2019-2023 and Forecast statistics for the years 2024-2034. The study categorizes valuable insights into the Global Monocalcium Phosphate Industry based on Form, Application, By Functional Use and Region. As per Form, the industry has been categorized into Powder, and Liquid. As per Application, the industry is categorized into Fertilizers, Food Production, Beverages, and Animal Feed. As per the Functional Use, the industry is categorized into Additives, Leavening Agents, and Acid Component.The study consists of the following regions- North America, Latin America, Western Europe, Eastern Europe, Balkans & Baltic, Russia & Belarus, Central Asia, East Asia, South Asia & Pacific, and Middle East & Africa.
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