The monocalcium/dicalcium phosphate market is projected to witness a compounded annual growth rate of 3.81% to grow to US$593.249 million by 2027, from US$456.611 million in 2020. Monocalcium phosphate is a phosphate supplement that is extremely important in the animal feed sector. It delivers calcium and phosphorus to animals, which aids in their metabolism and the proper functioning of their neurological, immunological, and reproductive systems. In the pharmaceutical sector, dicalcium phosphate, on the other hand, is utilized as a nutritional supplement. Growing worries about diseases caused by a deficiency of calcium and phosphate in living creatures, such as osteoporosis and others, are driving demand among end-users for these bio-chemicals from numerous sources that contain them. The increasing use in a variety of applications, including food, beverages, animal feed, fertilizers, and others, is expected to be a major growth driver for the monocalcium/dicalcium phosphate market.
With the increased demand for nutritional animal feed has resulted from the growing practice of animal husbandry as a company for profit. Many governments, both developed and developing, encourage farmers to engage in animal husbandry activities such as poultry farming, fish farming, and apiculture, among others. For example, in June 2020, the Indian government launched a Rs 15,000 crore infrastructure investment initiative with an interest subsidy scheme to encourage private players and MSMEs to invest in dairy, meat processing, and animal feed industries, resulting in the creation of 3.5 million employment. In addition, Prime Minister Narendra Modi convened a Cabinet meeting that authorized the Animal Husbandry Infrastructure Development Fund (AHIDF).
The rise in the application industries is a major factor expected to increase the demand for monocalcium/dicalcium phosphates during the forecast period. Calcium phosphates are utilized in a wide range of applications, including food, pharmaceuticals, food supplements, feed, and dentifrices. Monocalcium Phosphate is used as a raising agent in the food business for chemically leavened baked products, baking powders, readymade cake mixes, self-rising flour, pancake mixes, and other products. It can also be used in dry beverage mixes as a buffer and acidulant. Dicalcium Phosphate is a calcium and phosphorus nutrient found in foods, beverages, and nutritional supplement products. It can be used to replace titanium dioxide as a bleaching agent and as a resource of heat-triggered acidity for leavening. Nutritional drinks, vitamin premixes, and triturations all benefit from this component. For instance, Apollo Health Venture, a leading dicalcium phosphate manufacturer, announced the launch of its venture fund in December 2021, intending to develop a data-driven portfolio of health tech and biotechnology aimed at extending human healthspan.
The market is restrained by rising raw material costs and a global shortage of phosphate sources, which is a non-renewable resource. For instance, the United States Geological Survey (USGS) estimated that there were 71 billion tonnes of economically extractable phosphate rock reserves globally in 2021, whereas global mining production was 223 million tonnes in 2020. The reserves would endure for 260 years, assuming no expansion.
The COVID-19 pandemic slowed down the growth of the monocalcium/dicalcium phosphate market due to the decreased demand for animal feed, bakery products, and fertilizers. Animal feed suffered a decline as the shutting down of restaurants, hotels, and other venues led to decreased meat consumption and consequently decreased demand for animal feed in various countries.
|Market size value in 2020||US$456.611 million|
|Market size value in 2027||US$593.249 million|
|Growth Rate||CAGR of 3.81% from 2020 to 2027|
|Forecast Unit (Value)||USD Million|
|Segments covered||Form, Application, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Phosagro, CKL Africa Ltd., AG Chemi Group, Intersac, Arevin, Pangoo International Limited, Polifar Group Limited, Nordfeed, Rajvi Enterprise, Foodchem International Corporation|
|Customization scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What is the size of the global monocalcium/dicalcium phosphate market?
A1. Monocalcium/Dicalcium Phosphate Market was valued at US$456.611 million in the year 2020.
Q2. What will be the monocalcium/dicalcium phosphate market size by 2027?
A2. The monocalcium/dicalcium phosphate market is projected to reach a market size of US$593.249 million by 2027.
Q3. What are the growth prospects for the monocalcium/dicalcium phosphate market?
A3. The global monocalcium/dicalcium phosphate market is projected to grow at a CAGR of 3.81% over the forecast period.
Q4. What factors are anticipated to drive the monocalcium/dicalcium phosphate market growth?
A4. The increasing use in a variety of applications, including food, beverages, animal feed, fertilizers, and others, is expected to be a major growth driver for the monocalcium/dicalcium phosphate market.
Q5. How is the global monocalcium/dicalcium phosphate market segmented?
A5. The monocalcium/dicalcium phosphate market has been segmented by form, application, and geography.
CKL Africa Ltd.
AG Chemi Group
Pangoo International Limited
Polifar Group Limited
Foodchem International Corporation
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