The calcium phosphate market is evaluated at US$679.723 million for the year 2019 and is projected to grow at a CAGR of 3.26% to reach the market size of US$850.857 million by the year 2026.
Calcium phosphate is a common inorganic compound that is calcium salt of phosphoric acid and is used in a variety of industries, including pharmaceuticals, agriculture, and food. Calcium phosphate is available as different forms of materials and minerals containing calcium ions along with inorganic phosphate anions. It is a non-soluble white powder with a 1670 °C melting point.
The numerous applications of calcium phosphate in various industries are the key driver for the growth of the market. Depleting natural resources such as phosphorous rock reserves, water resources, and arable land is expected to open the door for opportunity for the market players. Favorable properties such as higher nutritional value and considerable shelf life are to facilitate the growth of the calcium phosphate market. Rapid urbanization, rising disposable incomes, changing consumer behavior, and growing demand for nutritional food are further expected to boost the demand for calcium phosphate.
The demand for calcium phosphate in the pharmaceutical industry is rising significantly owing to the increasing healthcare expenditure and wide utilization in drug formation. According to the report on global health expenditure released by the World Health Organization (WHO) on February 20, 2019, global expenditure on health increased in low and middle-income countries by 6 percent and in high-income countries by 4 percent. Moreover, due to the properties like compactness and excellent flow, calcium phosphate is used in dietary supplements, whose intake is increasing since it helps to prevent osteoporosis. An incline in the number of orthopedic procedures is also observed globally propelling the demand for calcium phosphate used in the formation of bone and joint health supplements for the geriatric population. Calcium phosphate is utilized as a synthetic graft substitute during implant surgery which is increasing the demand for dental procedures.
The multifold application of calcium phosphate in the food and beverage industry is further expected to boost the growth of the calcium phosphate market. The growing disposable incomes and health consciousness of consumers raising the demand for more healthy and nutritious food options across the globe. This inclining demand for superior quality food items with nutritional value due to growing literacy level and disposable incomes is predicted to boost the calcium phosphate market growth since it helps improve the nutritional value of food items like processed cheese, seafood, and bakery products. Calcium phosphate is also used in the manufacturing of soft drinks further increasing the demand in the market. Additionally, calcium phosphate due to it being a thickening and stabilizing agent is also used as a food additive. Hence, the growing demand for nutritional, dairy, and bakery products is expected to fuel the growth of the calcium phosphate market.
The demand for calcium phosphate in agriculture-dominated emerging economies is also expected to rise during the forecast period. Calcium Phosphate is an essential ingredient for manufacturing fertilizers and increasing awareness among farmers to improve crop quality and yield is raising the demand for high-quality fertilizers further inclining the demand for calcium phosphate. That said, the government of some countries prohibits the utilization of phosphate-based fertilizers and cosmetics due to environmental concerns, especially, in the European region. This might restrain the growth of the market in these European countries like Germany, Spain, and Italy.
However, antagonistic factors like poor mechanical properties when contrasted with other biomaterial and the danger related with inordinate admission of calcium phosphate may hinder the development of the market. Additionally, the strict regulation for maintaining purity might disincentivize the emergent market players.
Impact of COVID-19
The Pandemic has grappled the global markets with its shackles. The supply chains both local and international have been completely disrupted due to the lockdown imposed by several countries to curb the spread of the virus. This has had a multifold impact on the calcium phosphate market. On one hand, the demand from the food and beverage sectors increased due to the consumers resorting to panic buying of food products to stock their homes given the unpredictability of the situation. On the other hand, the demand from the pharmaceutical sector saw a different tangent. The demand hiked for the manufacturing of drugs but slightly declined for implants. The disruption in production and supply temporarily affected the market. However, despite the momentary disruption, the calcium phosphate market is expected to grow at a steady rate during the forecast period.
Based on product type, the calcium phosphate market can be segmented into monocalcium phosphate, dicalcium phosphate, tricalcium phosphate, and calcium acid pyrophosphate. Dicalcium phosphate is expected to have the largest share owing to the rising adoption across the animal feed, agriculture, food & beverage, and pharmaceutical sectors. Owing to the sorbent nature of dicalcium phosphate, its utilization in water treatment is rising further contributing to its demand in the forecast period.
By form, the market is segmented into Crystalline, and Amorphous. By end-user industry, the calcium phosphate market is classified into pharmaceutical, food & beverages, chemical, drinking water treatment, animal feed, agriculture, and others. The animal feed segment is expected to grow owing to the rising awareness among the farmers and pet owners regarding feeding animals with feed containing essential nutrients, such as vitamins and minerals will help propel the growth of the animal feed segment. Furthermore, the demand from the food and beverage sector is also expected to rise attributed to the hike in demand for nutritious and organic food products along with conventional dairy, beverages, and bakery products.
Geographically, the calcium phosphate market can be studied across North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. Asia Pacific region dominated the Calcium Phosphate market owing to the developing reception of calcium phosphate as fertilizer in emerging economies, for example, India and China, increasing demand for long shelf life nutritious products, and the flood in the compound used for feedstock. The growth of the market in North America is also predicted to rise owing to the high healthcare expenditure and presence of a considerable geriatric population in the region along with the region being house to major market players.
|Market size value in 2019||US$679.723 million|
|Market size value in 2026||US$850.857 million|
|Growth Rate||CAGR of 3.26% from 2019 to 2026|
|Forecast Unit (Value)||USD Million|
|Segments covered||Product Type, Form, End-User Industry, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Merck Millipore, Mosaic, Fabrik Budenheim, Advance Inorganics, A. B. Enterprises, Powder Pack Chemicals, Fosfitalia Group, Toyo Denka Kogyo Co.,Ltd, Yichang Municipal Pacific Chemicals Co., Ltd|
|Customization scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What will be the calcium phosphate market size by 2026?
A1. The calcium phosphate market is projected to reach a total market size of US$850.857 million by 2026.
Q2. What are the growth prospects for calcium phosphate market?
A2. The global calcium phosphate market is projected to grow at a CAGR of 3.26% during the forecast period.
Q3. What is the size of global calcium phosphate market?
A3. Calcium Phosphate Market was valued at US$679.723 million for the year 2019.
Q4. Which region holds the maximum market share of the calcium phosphate market?
A4. Asia Pacific region dominated the calcium phosphate market owing to the developing reception of calcium phosphate as fertilizer in emerging economies.
Q5. What factors are anticipated to drive the calcium phosphate market growth?
A5. The numerous applications of calcium phosphate in various industries are the key driver for the growth of the market.