The global feed phosphate market to witness an outstanding growth over the forecast timeframe. Feed ingredients such as phosphates are gaining widespread adoption as a key element to ensure cellular growth and fulfill other nutritional requirements among animals. Strong emphasis on animal health and the growing concerns about the threat of zoonotic diseases are major reasons behind the burgeoning popularity of feed phosphates in recent years.
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The global feed phosphate market is anticipated to cross USD 3 billion by 2027.
In the wake of the coronavirus pandemic, government organizations are infusing funds for emergency pandemic responses to safeguard both animals and humans. The USDA, for example, announced its dedication of $300 million in the American Rescue Plan funds in 2021, to conduct surveillance of SARS-CoV-2 and other emerging zoonotic diseases in susceptible animals. This intensifying focus on early disease detection could amplify the use of essential nutrients such as dicalcium phosphate in animal feeds to provide adequate nutrition and improve the immune response.
The supplement can improve feed intake, leading to improvements in growth rates of young cattle by over 60 kg per year. In addition, cattle may also grade better as well as achieve low ossification scores as compared to unsupplemented stock.
The global feed phosphate market is projected to grow at a significant pace in coming years. Following phosphorus supplementation, mortality can be significantly reduced, as it is directly related to improved body reserves and better feed intake. Since improved milk supply can also lead to increased calf survival, the intake of different types of feed phosphates will witness a commendable rise across regions.
Phosphorus is considered a major contributor to bone and muscle health and is ideal for improving the milk production of cattle. In regions like northern Australia, phosphorus deficiency is a cause of major losses in the profitability and productivity of beef herds. Such factors, along with the global rise in the number of cattle herds, are key driving forces behind the rise of feed-grade phosphates over the years ahead.
Through phosphorous intake, conception rates in first-calf cows rise, as they can maintain the ideal body weight. Replacement heifers can also quickly attain their critical mating weight and achieve shorter joining periods, thus enhancing productivity in young breeders.
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Furthermore, meat consumption, including poultry products, continues to rise, mainly driven by population and economic growth. This factor is also adding considerable impetus to poultry feed phosphate industry demand worldwide, with the biggest growth in meat consumption likely to be observed in developing economies.
In the marketing year 2022, for example, FAS (Foreign Agriculture Service) Delhi forecasted the cattle herd of India to reach 306.7 million, a hike of 1.2 million from the 2021 tally. Since phosphorous supplementation of deficient cattle can significantly boost feed intake, the number of cattle must be adjusted to maintain their sustainable long-term carrying capacity.
Apart from reducing poor appetite and bone breakage, inorganic feed phosphates also come along with myriad other benefits for a variety of livestock including cattle. Offering this supplement increases productivity and profitability, in addition to ensuring better animal wellbeing outcomes, thereby asserting a positive impact on the feed phosphate industry development. The major usage advantages of the supplement include:
In addition, dicalcium phosphate has been gaining massive ground in the animal care segment, particularly due to its ability to provide strong immunity and protect against diseases like milk fever. Product benefits such as these could therefore result in a profitable business landscape for the global feed phosphate market over the forthcoming years.
Western Europe Ready-to-Eat Meat Market: https://www.globenewswire.com/en/news-release/2022/03/01/2393823/0/en/The-Western-Europe-Ready-to-Eat-Meat-Market-is-slated-to-exceed-63-5-billion-by-2027-says-Global-Market-Insights-Inc.html
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