Hyderabad, India -- (SBWIRE) -- 02/19/2018 -- The report "Feed Phosphate Market by Type (Monocalcium Phosphate, Dicalcium Phosphate, Mono-Dicalcium Phosphate, Tricalcium Phosphate, Defluorinated Phosphate and Others), Livestock (Swine, Poultry, Cattle, Aquatic Animals, Others) - Forecast to 2021", The Feed Phosphate market is expected to reach USD 5.974 Billion by 2021 from an estimated USD 5.153 Billion in 2016, at a CAGR of 3.0%. The key factors such as the Rising consumption of meat, structuring of pork and poultry industry, developing livestock during their growth stages, are driving the growth of the global market.

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By type, the monocalcium phosphate segment accounted for the largest share of the market in 2016
On the basis of type, the Feed Phosphate market has been segmented into Monocalcium Phosphate, Dicalcium Phosphate, Mono-Dicalcium Phosphate, Tricalcium Phosphate, Defluorinated Phosphate and Others. The monocalcium segment accounts for the largest market share in 2017 owing to its presence
in the market for a relatively longer time.

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By livestock, the poultry segment accounted for the major market share in 2016.
On the basis of livestock, the Feed Phosphate market has been segmented into Swine, Poultry, Cattle, Aquatic Animals, Others. The poultry segment accounts for the largest share of the market because of the relatively higher demand and larger application of phosphates in feeds.

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Asia Pacific accounted for the largest share of the Feed Phosphate market in 2016, followed by North America. The large share of the Feed Phosphate market in Asia Pacific is due to the presence of developing countries like China and India and growing demand for animal products. China accounted for around 23.5 % of the global share. Europe holds the second major market for Feed Phosphate. Asia pacific is estimated to represent strong potential market growth in the Feed Phosphate market due to fast technological advancements and adaptation by farmers.

The various players operating in the Global Feed Phosphate market include The Mosaic Company, EuroChem Ltd., Potash Corp., PhosAgro, and OCP Group.

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