FOOD, NUTRITION AND ANIMAL FEED

Europe non-alcoholic wine and beer market to witness enormous gains over 2018-2024, UK to majorly drive the regional growth

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Rising prevalence of coronary diseases and heart related health risks has fueled the non-alcoholic wine and beer market, which has grown exponentially in the past few years along with improving living standards of consumers. Owing to the notable concerns of consuming excess alcohol, worldwide efforts to explore the benefits and production techniques for making alcohol-free or low-alcohol beverages, have escalated. The non-alcoholic wine and beer industry has profited form an incredible shift in preference by millennials and the disease-prone geriatric population, who wish to lower the probability of cardiovascular diseases. Compared to alcoholic beverages, studies have shown that non-alcoholic beers exhibit boosted anti-oxidants, increased Vitamin B6 and slower blood coagulation, all of which help to prevent heart conditions. Additionally, benefits such as effective stress control and suitable for consumption by pregnant women have highly endorsed the global non-alcoholic wine and beer market.

North America Non-Alcoholic Wine and Beer Market, By Product, 2013-2024, (Million Liters)
 North America Non-Alcoholic Wine and Beer Market, By Product, 2013-2024, (Million Liters)

A major cause of obesity and heart issues is unrestrained consumption of calories from beverages containing high sugar content. Boasting annual earnings of over USD 16 billion in 2017, the non-alcoholic wine and beer market consists of products with significantly less proportion of calories than the alcoholic options. Consequently, a number of institutions and national level events have been promoting less or non-alcoholic beers and wine in their demonstration portfolio to support companies that aim to brew craft beers and non-alcohol containing wines. Representing the industry penetration of the non-alcoholic wine and beer market, the Great British Beer Festival, happening every year since 1977, has recently confirmed that it will offer alcohol-free beer for the very first time that is produced by a Netherland-based craft brewer, Braxzz. The company sells both low and no-alcohol beers and the festival organizers expressed an interest due to the increasing importance of such products in the market, which has caused the sale of alcoholic drinks to decline.

Referring to 2018 statistics, the U.K. non-alcoholic beverages market grew by more than 15% over the previous two years with health-conscious consumers looking for lower-alcohol content in drinks. Aldi, a major supermarket chain, in July introduced two non-alcoholic wines in response to the upsurge in demand. These wines are said to have less than half of the calories found in other alcoholic wines and are also cheaper. With the presence of several prominent liquor producers and having one of the highest consumption rates, Europe generates huge revenues for the non-alcoholic wine and beer market and registered a demand in the excess of 1 billion liters in 2017. U.K., Germany, Ireland, France and Italy are some of the biggest consumers of alcoholic drinks and the growing intensity of health problems in these countries will encourage the development of the Europe non-alcoholic wine and beer industry.

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A number of popular brands such has Carlsberg, Heineken, Bernard Brewery, Erdinger Weibbrau, among others have dominantly stepped into the non-alcoholic wine and beer market. Seeking to capitalize on the swift expansion of the non-alcoholic wine and beer market, the world’s second largest beer producer Heineken has launched a non-alcoholic lager for the Irish market. Beer is the more preferred alcoholic beverage in Ireland having a 46% market share in 2016 and contributed close to EUR 1.7 billion to the country’s economy in the same year. The company claims that the alcohol-free lager, Heineken 0.0, has half the calories of regular beer and taster better than most other products in the category.

As the Heineken 0.0 experiences strong sales in Spain, Netherlands, Russia and many other countries, the non-alcoholic wine and beer market will undergo a significant transformation with other brands also attempting to sell health-friendly low-alcohol beverages through retail stores and ecommerce platforms. Over the past few years, researches have continuously been conducted to compare the effects of alcoholic and non-alcoholic drinks on the human body, primarily inspired by the explosion of cardiac disorders globally. A study performed on 67 men, who had diabetes or displayed three or more risk factors of heart diseases, involved observing the effect of red wine containing alcohol and one without alcohol. Interestingly, when the men drank alcohol-free red wine their blood pressure lowered down to levels which reduce the risk of heart diseases by 14% and chances of stroke by 20%.

All in all, the need for healthier drinks with enhanced antioxidants and electrolytes that can be incorporated in daily life has stimulated the non-alcoholic wine and beer industry, accentuated by disorders like liver cirrhosis, CVD and certain cancers that originate from alcohol abuse. Offering an affordable solution for people who want to socialize without consuming alcohol or those who are restricted from drinking alcohol-infused beverages, the non-alcoholic wine and beer market is anticipated to record an impressive 7.6% CAGR from 2018 to 2024.

Author NamePankaj Singh

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A succinct outline of calcium phosphate market in terms of application spectrum, global industry to witness a y-o-y growth of 5% over 2018-2024

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Endowed with a widespread end-use spectrum, calcium phosphate market has been traversing along a lucrative growth path since many years. By virtue of its exceptional properties, industries such as food, pharmaceutical, agricultural, and animal feed have regarded the product as absolutely indispensable, which in consequence has prompted investors to bet big on the global calcium phosphate market. Recently Simon India Limited and EcoPhos entered into an EPC partnership to set up India’s first green field di-calcium phosphate plant in Gujarat. Reportedly, the plant would be producing 200 kilotons of DCP (di-calcium phosphate) from lower grade rock phosphate. In this ₹550 crore worth project, the animal feed phosphate provider Simon India will be aiding EcoPhos with its Engineering and Procurement services. In fact, it has also come to fore that through this MoU, both the parties are planning to establish a mutually beneficial long term relationship that would  set up many such sustainable plants over the coming years, adding a new dynamism to the calcium phosphate industry.

North America Calcium Phosphate Market, By Product, 2017 & 2024, (Kilotons)
North America Calcium Phosphate Market, By Product, 2017 & 2024, (Kilotons)

Speaking of the commercialization potential of the market, it is imperative to mention that unprecedented advancements in bio medical sector, especially in the field of orthopaedic, has significantly increased the product penetration. When it comes to synthetic bone graft substitutes, one of the most rapidly evolving categories consists of products that are based on tricalcium phosphate and calcium phosphate. Whether in the form of blocks, injectable cements, or morsels, calcium phosphate market has a proven track record of delivering effective and safe bone graft substitutes in clinical applications. Needless to mention, the unprecedented advancements in healthcare technology has tremendously boosted the market profile with newer innovations and breakthroughs.

In this regard, recently U.S. based healthcare giant Anika Therapeutics made its way to the front page with the news of receiving FDA clearance for its injectable HA (hyaluronic acid) bone void filler. According to the company, this bone repair treatment is a settable osteoconductive bone graft substitute made of calcium phosphate, that is designed to fill bone voids. As per industry experts, this new treatment indicates the promising growth opportunities for calcium phosphate industry from healthcare applications.

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Calcium phosphate marketplace is also set to amass appreciable gains from pharma sector. Historically, the compound has been extensively deployed in pharmaceutical industry as a binder or filler in some of the most commercialized hard gelatin capsules and compressed tablets, subject to its excellent compressibility and flowability. Its elemental calcium quotient and relatively lower cost undoubtedly adds up to its market value. As on today, to name some of the most widely commercialized dosage forms of calcium phosphate based drugs would include Decadron®, Sudafed®, Benadryl®, Gas-X®, and Ex-Lax®.

Despite the fact that calcium phosphate industry space has been witnessing a slew of new opportunities from the extensive profiling of applications that the compound caters to, food & beverage sector still occupies the helm in terms of global share. As per a recent market assessment report, food& beverage applications procured almost 50% of global calcium phosphate industry in 2017. A large credit of this goes to the growing consumer awareness regarding the benefits of calcium intake in developing bones, muscle nerves, and teeth. It is important to a take a note that regulatory initiatives by renowned international bodies like WHO, with regards to healthy lifestyles and food safety awareness have much to contribute in the industry share.

Without an iota of doubt, this wide application array is certain to leave a commendable impact on calcium phosphate market outlook. However, fluctuating raw material price trends and considerably limited number of phosphate reserves worldwide are two of the major factors triggering a supply demand gap in the business model. Add to it, threat of product substitute with the advancement in material science is another challenge that calcium phosphate market players are presently dealing with.  Mergers & acquisitions seem to be one of the major growth tactics adopted by companies to overcome these challenges. Numerous business divestures are launching innovative product manufacturing facilities in a collaborative approach. All in all, augmented by a plethora of transformative trends in myriad end-use domains across major topographies, calcium phosphate industry is forecast to exceed a valuation of USD 850 million by 2024.

Author NameSatarupa De

North America encapsulated flavors and fragrances market to witness phenomenal gains over 2018-2024, trending fast food culture in the region to propel the demand

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Increased utilization in numerous consumer industries has boosted the encapsulated flavors and fragrances market globally, with products being employed by businesses ranging from food and personal care to textile. An upward push to the disposable income across the world has amplified the spending on consumer goods, while raising the penchant for fast food and ready to eat meals where artificially added flavors make the food item more acceptable. The unprecedented rate of economic development has aided the rapid progression of manufacturing technologies and marketing or distribution networks, allowing for the dispersion of the encapsulated flavors and fragrances industry in a multitude of trade verticals. Owing to beneficial features such as ease of use, undesirable odor & flavor masking and effective delivery of nutrients, the encapsulated flavors and fragrances market amassed a remuneration of more than USD 6 billion in 2017.

U.S. Encapsulated Flavors and Fragrances Market, By Product, 2017 & 2024, (Kilo Tons)
U.S. Encapsulated Flavors and Fragrances Market, By Product, 2017 & 2024, (Kilo Tons)

The total population of the world has crossed 7.6 billion people as of this July, representing a massive demand for food that could prove quite lucrative for the encapsulated flavors and fragrances market. As the lifestyle and work culture keeps evolving, more people are experiencing frantic daily routines and have less time for cooking meals at home. According to statistics, worldwide around USD 570 billion is generated from the fast food segment, which is considerably higher than the entire GDP of many countries. In the U.S. alone the segment contributed USD 200 billion in 2015, with experts predicting a 2.5 percent annual growth over the next few years. With the upsurge in income, it is being observed that the focus of consumers has gradually shifted towards taste and followed by price and quality. This has created a favorable customer base for the encapsulated flavors and fragrances industry that is building up profits from over 200,000 fast food restaurants all over the U.S. The burst in technological advancement throughout diverse segments in the country has further helped the encapsulated flavors and fragrances industry’s penetration into different food categories.

A U.S. based encapsulated flavors and fragrances manufacturing company, Sensient Technology has product offerings such as sweet flavors, natural flavor extracts, beverage flavors and also fragrances for home or personal care products. Sensient’s fragrance encapsulation technology allows for controlled release of a perfume and provides a long-lasting fragrance experience, with uses in fabric care liquids, dish washers and oral care solutions besides being effective in elevating the fragrant value of perfumes. The company assures that their encapsulated flavors deliver superior flavor protection, precise flavor release and the ability to attain visual enrichment. These are sold to different sorts of food segments including ice-cream, yogurt, baked goods, ready-to-eat meals, dairy culture, carbonated and flavored drinks, among others for giving excellent taste experience to consumers.

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Elaborating the industry benefits further, encapsulated flavors are also being engineered by North American companies for better ingredient preservation of dietary supplements along with enhancing the release of nutrients and improving the product shelf life. This trend can be attributed to the growing health concerns in the region which has led to more number of people consuming fitness products and following healthy routine. Factoring in the prevalence of quick service restaurants, the availability of innovative encapsulation technology and the move towards healthy eating habits, North America accounted for more than 30% share of the global encapsulated flavors and fragrances market in 2017.

Expanding the product base and investing in advanced facilities have been critical in boosting competition within the encapsulated flavors and fragrances market. An example signifying the growth potential of the market is the inauguration of Firmenich’s new manufacturing unit in Sao Paulo, Brazil in the latter half of 2017. Firmenich is a Swiss company with superior encapsulated products such as Flexarome and Durarome Aromatic, while also trying to be a leading pioneer in the encapsulated flavors and fragrances industry. Durarome, in particular, is an innovative product maintains the fresh taste of products all through its shelf life including that of powdered soft drinks and fruit-based products like citrus and mango which are sensitive to oxidation. Firmenich aims to offer its clients better marketable products than competitors and the new facility in Brazil will serve as center for excellence for the encapsulated flavors and fragrances market in Latin America.

With key players in the encapsulated flavors and fragrances market probing at opportunities to extend their encapsulation portfolio, several application areas including cosmetics, bio nutrients and energy drinks is expected to stimulate the overall industry. The extensive popularity of artificially flavored soft drinks, easily prepared cakes and confectioneries and aromatically enriched perfumes will bolster the encapsulated flavors and fragrances market, estimated to witness 4.5% CAGR from 2018 to 2024.

Author NamePankaj Singh

Canthaxanthin market to be strongly governed by regulatory norms, animal feed sector to drive the application landscape

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Canthaxanthin market, falling under the canopy of specialty chemicals space, has been inherently influenced by the changing dynamics of animal feed additives industry.  In the year 2017, animal feed applications contributed over 40% to the overall canthaxanthin market share.  The procurement of a lion’s share is primarily due to the products’ extensive deployment in animal nutrition, particularly aquafeed as a food coloring agent.

North America Canthaxanthin Market, By Source, 2017 & 2024, (Tons)
North America Canthaxanthin Market, By Source, 2017 & 2024, (Tons)

It is prudent to mention that the government rollouts have played a pivotal role in shaping the canthaxanthin market trends in animal feed sector. The European Union is one amongst those highly regulated belts governing the efficacy and safety of this chemical.  In a recent turn of events, the European Commission and Health & Consumer Protection-Directorate General in Council Directive 70/524/EEC have legalized the use of canthaxanthin as feed additive, under a set condition. Regulation No (EC) 1831/2003 of the European Parliament has further permitted canthaxanthin’s usage as food additives.  According to the Commission Directive 2003/7/EC, the maximum canthaxanthin content in final feedstuff should be limited to 25mg/kg. Backed by similar such initiatives in pipeline authorizing the deployment of canthaxanthin in tandem with the ever-evolving animal feed additives industry, the growth prospects of canthaxanthin market seem to be humongous.

However, the opportunities though massive, are deemed to be critically governed and swayed by a strict regulatory landscape, given the product’s correlation with the nutrition matrix.

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In the year 2010, the EFSA panel on Food Additives and Nutrient Sources, further re-evaluated canthaxanthin’s safety limit as a food additive. As per the experts’ conjuncture, canthaxanthin usage as food and feed additives is unlikely to exceed the acceptable daily intake. In the Commission Regulation (EC) No 775/2008, the maximum residue limit for canthaxanthin was restricted to 5mg/kg muscle wet weight for trout and 10mg/kg muscle wet weight for salmon.  Given that the industry dynamics is widely dependent on the regulatory framework, an authorized approval by the canthaxanthin market players becomes a mandate for these chemicals to be merchandized. Reportedly, the product undergoes a demonstration phase where it is tested if it is viable and safe for the health as well as environment.

In 2015, DSM, the globally acclaimed nutrition giant, received a GRAS approval from the U.S. FDA for its Canthaxanthin supplement, Carophyll Red 10%. This breakthrough supplement claims to act as nutritive antioxidant for developing chicken embryos.  For the record, Carophyll Red had been already recognized by the European Food Safety Authority as a performance enhancer for poultry breeders. Receiving an approval from FDA further added an extra feather to its portfolio in the global canthaxanthin industry.

Speaking of competitive landscape, strategic collaboration remains the top-notch tactic undertaken by the industry players to attain technological expertise and expand the regional as well as product portfolios. In the year before last, BASF, one of the most prominent chemical industry players joined forces with Novus International to exclusively enhance its health supplement sector. Reportedly, the deal had reinforced BASF’s stance in canthaxanthin market particularly, with a lucrative consumer base. Some of the other renowned names exhibiting a strong contendership in canthaxanthin market include Zipont Chem Tech, Novepha Company, Noshly and Novus International.

One of the most anticipated trends remains the expansion of canthaxanthin industry portfolio in the dietary supplements sector. Geriatric population base in this regard will significantly influence the geographical trends of the canthaxanthin market, particularly in regions with a synonymous demographic profile.

Author NameSatarupa De

U.S. eubiotics market to witness phenomenal proceeds, with anticipated regional share of USD 1.2 BN by 2024

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Strict embargoes on antibiotic growth promoters, subject to the associated health concerns have indeed led to a spike in eubiotics market demand worldwide. Testament of the fact is the USD 4.5 billion remuneration held by the business space in 2016. Incidentally, since majority of these antibiotic growth promoters were discredited by regulatory authorities as well as consumer associations, researchers have been extensively investing in producing animal feed additives that are free from chemical intermediates. This is rather evident from the increased adoption of NGPs (Natural Growth Promoters) by livestock farmers for poultry nutrition, a vital factor backing eubiotics industry’s pronounced stance in animal feed sector.

U.S. Eubiotics Market Size, By Product, 2016 & 2024 (USD Million)
 U.S. Eubiotics Market Size, By Product, 2016 & 2024 (USD Million)

Rooted from a Greek terminology, Eubiosis, the main purpose of eubiotics is to maintain an optimal balance of microflora in gastrointestinal tract, that ultimately results in improved health status and performance of farm animals. Victoriously thriving on this criteria, the major  products including probiotics, prebiotics, organic acids, and essential oils, falling under the umbrella of eubiotics market, claim to regulate animal immune system effectively. Though the product palate of the marketplace is quite diverse, it would not be incorrect to say that eubiotics market players are likely to witness significant monetary benefits from prebiotics vertical. In fact, as per reliable estimates, prebiotics market is slated to carve a profitable roadmap at  8% CAGR over 2017-2024.

Speaking of the regional profiling, U.S. has been one of those countries where regulatory injunction in antibiotics sector has predominantly driven the regional eubiotics market outlook. In 2013, the U.S. FDA issued guidance implementing plans to phase out the usage of antibiotics with medical importance in livestock for production purposes.

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As per recent research estimates, nearly 40% of finishing hogs and 50% of broilers in the U.S. received antibiotics for production purposes. The swelling utilization of AGPs in animal nutrition often increases the development of drug resistant bacteria. These bacteria have been deemed as a major threat to human health, given their high transmission probability through food-chain or other contaminated contacts. Against the backdrop of this slightly distressing scenario, FDA’s enforcement has undoubtedly helped to reduce deployment of AGPs for animal feed purposes indirectly propelling the sales graph of regional eubiotics market. As per a finding by Global Market Insights, Inc., U.S. eubiotics market size is projected to enter the billion-dollar fraternity by 2024, pegging a valuation of almost USD 1.2 billion.

Europe is also paving an opportunistic path for eubiotics market, with Germany, UK, and France as chief growth avenues. The European belt is likely to procure a significant percentage of the overall industry share by 2024, with a target revenue of USD 3.2 billion. Europe’s projected supremacy may be attributed to the firm regulatory amendments implemented by the European Union with regards to antibiotics’ ban in tandem with the increasing prevalence of livestock associated diseases. European Union, for the record has also approved 40 vital probiotics preparation across the continent for animal nutrition, which in essence will add a renewed dynamism to the regional eubiotics market growth.

Despite the massive opportunities ahead, the dearth of proper evaluation process along with standardization issues in maintaining essential oil blends and microorganism strains are somewhat deterring eubiotics industry growth. Companies however, have been taking significant measures via research investments to come up with advanced sustainable feed technology that ensure high productivity, yield quality, and efficiency. With such incessant efforts undertaken by leading giants along with the strict governmental norms banning the use of AGPs, eubiotics market is deemed to carve out a profitable roadmap in the years ahead, exceeding a valuation of USD 9 billion by 2024.

Author NameSatarupa De

An overview of astaxanthin market in terms of latest developments on the product front, regulatory framework to sway the industry trends

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Powered by a plethora of applications in the animal feed domain, astaxanthin market has indeed been one of the most lucrative business spheres under the canopy of specialty chemicals space.  In fact, the animal feed application vertical procured almost 40% of the overall industry share in 2017. A large credit of this goes to the governmental backup with regards to aquaculture, which has extensively prompted astaxanthin’s utilization as pigment coloring agent.

North America Astaxanthin Market, By Source, 2017 & 2024, (Tons)
North America Astaxanthin Market, By Source, 2017 & 2024, (Tons)

Elaborating further on the diverse application landscape of astaxanthin industry, dietary supplements have stood as another major growth avenue for this business space. Easy product availability coupled with a slew of associated health benefits will further generate a massive demand for astaxanthin in the ensuing years. As per estimates, the dietary supplements market is expected to register a CAGR of more than 4% over 2018-2024.

An insight into the latest developments underlining astaxanthin market

  • Two of the leading behemoths in astaxanthin market, American firm Solix Algredients and Chinese company BGG have recently collaborated to form a new Colorado based ingredient supplier. BGG though boasts of a portfolio of a variety of botanical ingredients, has garnered maximum acclamation for its algae production facility in Yunnan Province. For the record, the astaxanthin market player has recently joined NAXA (Natural Algae Astaxanthin Association). The new unit which is a collaboration of BGG, Algae Health Sciences, and Solix Algredients is reported to build a production scale supercritical fluid CO2 extraction unit in Colorado to extract natural astaxanthin along with other products. The merger is deemed to strengthen the stance of both the players in the evolving astaxanthin industry, given the collaboration of their marketing as well as technical expertise.
  • Another potential contender in astaxanthin market, Nutrex Hawaii, Inc. has recently made to the front page with the news of its breakthrough products, MD Formulas™ and BioAstin® Hawaiian Astaxanthin®, to have received IGEN (The International GMO Evaluation and Notification Program™) verification. Allegedly, BioAstin Hawaiian Astaxanthin is a significant anti-oxidant supplement that is basically derived from natural micro-algae, grown across the Big Island of Hawaii. BioAstin has also received a green signal from GIG (Gluten Intolerance Group) for its gluten free nature and has been also verified as natural astaxanthin by NAXA.
  • In what may be touted as an attempt in sync with global sustainability march, Iceland based astaxanthin industry firm, Algalif recently made an official declaration of emphasizing more on sustainable growth and research-based algae cultivation. At 2017’s SupplySide West trade show, the company’s unwavering commitment toward high-quality astaxanthin production via environmentally viable practices was rather evident. The move comes on the heels of Iceland’s renowned portfolio in the sustainability matrix – the region being a rich natural resources spot along with having the largest supply of fresh water and clean air. This would lead to the astaxanthin produced remain free from heavy metals and other contaminants or bioburdens.

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Analyzing the above trends, it is undeniable that sustainability and environmental viability are two of the top-notch parameters underlining the strategic landscape of astaxanthin industry. Regional governments along with renowned regulatory authorities have enforced various directives, the compliance of which, is a major factor influencing the astaxanthin production.

In a recent turn of events, the Natural Algae Astaxanthin Association (NAXA) has recently filed a citizen’s petition, seeking regulatory action by FDA against a synthetic formulation of astaxanthin being marketed by Cardax. Reportedly, the petition that was filed with US FDA, has requested the agency to analyze the regulatory status of Cardax’s astaxanthin ingredient. NAXA’s allegation revolved around Cardax’s products not falling under the category of a legal dietary ingredient. For the record, FDA’s say on the matter is still not revealed.

Driven by a regulatory-influenced and somewhat driven approach of this industry, manufacturers are constantly integrating advanced cultivation, drying, and extraction technologies in natural variants production that ensure high quality yield, minimal wastage, and above all health and environmental viability. In this regard, an emerging trend regarding which astaxanthin market players are highly optimistic about is sealed microalgae cultivation. The approach ensures a considerable reduction of entrapment risk of microbial contaminations, foreign substances, and agricultural residues. With these product innovations in the pipeline, the commercialization matrix of astaxanthin industry is likely to expand robustly in the coming years. Global Market Insights, Inc. forecasts the worldwide astaxanthin market to surpass a revenue of USD 800 million by 2024.

Author NameSatarupa De

Feed phosphate market to register significant growth trends with increasing meat consumption, Asia Pacific to be a pivotal business ground over 2018-2024

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A joint venture signed between Ecophos and Chanhen has sent a wave of anticipation through the feed phosphate market as the 5 billion RMB investment, when completed, will process 2.2 million tons of low grade phosphate rock annually into 400,000 tons of high-quality feed phosphate. The joint-venture will serve local and regional demand for specialty feed and fertilizer phosphates besides addressing other needs in the Chinese construction and ceramics industry. So far, experts seem to be keen on stating that this is one of the most lucrative JVs feed phosphate industry has witnessed of late.

U.S. Feed Phosphates Market Size, By Product, 2016 & 2024, (Kilo Tons)
U.S. Feed Phosphates Market Size, By Product, 2016 & 2024, (Kilo Tons)

In 2017, feed phosphate market size surpassed $3.5 billion and is forecast to surpass a consumption of 11 million tons by 2024, primarily driven by the rise in worldwide consumption of meat. As the demand for meat and meat products witnesses an incline, the necessity to improve meat quality surfaces as a vital challenge. Given that adding phosphate to livestock diet is one of the best ways of ensuring good meat quality, the rising demand for meat will undeniably propel feed phosphate industry trends.

Having registered considerable growth in feed phosphate industry, Ecophos Group, a company based in Belgium, recently invested in building a new plant for Aliphos, the feed ingredients business unit of Ecophos and also a significant contributor to the world inorganic feed phosphate industry. With the new plant in Dunkirk, France, Aliphos became the largest inorganic feed phosphate producer in Europe with approximately 50% feed phosphate market share in the region. Aliphos has recently set up a production line in Netherlands that manufactures 80,000 tons of granulated products and has a total capacity of producing 300,000 tons of products annually. Such initiatives on the part of feed phosphate producers clearly highlight the profitability landscape of the feed phosphate market over 2018-2024.

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Meat consumption in Europe and North America has always been remarkably higher but changing trends in meat consumption in Asia Pacific has made the region a competitive ground for the feed phosphate market. Over the past 20 years increased per capita income and global growth has significantly changed food production, trade and consumption in many countries. With urbanization, increase in disposable incomes and globalization, food consumption pattern has exhibited diversification. Today, cultures that hitherto had limited meat consumption either due to traditional beliefs or economical reason, have increased their meat consumption. Indeed, this consumption has been increased to such an extent that modern animal science-based feed industries, inclusive of feed phosphate market have witnessed a rapid evolution. Countries like China have registered such a revolutionary increase in beef and pork consumption that the government is planning to step in to limit the trend to some extent.

Even if the trends for healthier eating and limiting meat consumption as a part of sustainable living is embraced, China is still one of the largest meat consumers in the world. According to U.S. agriculture department estimates, people in China will consume around 74 million tons of beef, pork and poultry, an amount that is twice as much as that of the United States. Chinese hog farmers have therefore gone on a building spree with the construction of modernized farms and leading producers from overseas have altered their production standards to meet that of China. Such statistics have majorly affected the revenue graph of feed phosphate industry in the country and by extension, even the Asia Pacific region. Estimates claim the APAC will account for 59% of the global population by 2020, thereby laying the ground for an equally large share in the global meat consumption.

Experts have observed that 2017 had been an eventful for the feed phosphate industry with Aliphos completing the setup of a plant in the Netherlands and starting a new plant in Dunkirk while Phosphea, a subsidiary of Groupe Roullier buying the feed phosphate business from the Serbian Elixir Group. Elixir’s business spread across Central and Eastern Europe, includes a feed phosphate plant in Prahovo, Serbia that has a production capacity of 100,000 tons. Phosphea would be continuing its ambition of developing and integrating a platform based in dynamic markets.

According to experts, such consolidation moves would continue over the forecast period as forming joint ventures and partnerships will help companies in enhancing their regional presence. Aided by the appreciable efforts put in by prominent contenders, feed phosphate industry is likely to traverse alongside a highly remunerative growth path over 2018-2024.

Author NameParoma Bhattacharya