Calcium Phosphate Market Size By Product (Monocalcium Phosphate, Di-calcium Phosphate, Tricalcium Phosphate, Calcium Acid Pyrophosphate), By End-Use (Food & Beverages [Bakery, Meat & Seafood, Nutritional Supplements, Dairy], Pharmaceuticals [Excipients, Dental Care, Active Ingredients], Drinking Water Treatment, Animal Feed, Fertilizers), Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Russia, Netherlands, Spain, China, India, Japan, South Korea, Australia, Thailand, Malaysia, Vietnam, Brazil, Argentina, Mexico, Colombia, South Africa, UAE, Saudi Arabia, Morocco), Growth Potential, Price Trend, Competitive Market Share & Forecast, 2018 - 2024
Potential applications in food & beverages, animal feed, pharmaceutical and agriculture industries will primarily drive the calcium phosphate market. Increasing demand for processed and packaged food are among key factors fueling the industry growth. Rising preference for healthy foods and growing demand for dairy and bakery products will further enhance the market share.
Expanding product scope in manufacturing dental powders, phosphoric acid, textiles, luminescent materials, pottery and porcelains will positively impact the business growth. Increasing geriatric population coupled with reasonable treatment of implant surgeries by using calcium phosphate as they are readily available and stable is stimulating the industry demand. Moreover, high protein content, better product quality, suitability and safety for feed applications has strengthen the product penetration.
Advanced biomedical sector including development in fracture curing will propel the market. Fluctuating raw material prices and supply deficit owing to the increasing product demand are major factors influencing the price trends. In similar lines, presence of various substitute materials along with development in material science may hamper the industry growth.
Monocalcium phosphate market is anticipated to witness growth at over 4% in terms of volume up to 2024. This can be attributed to the changing lifestyle, increasing disposable income and rising bakery products consumption. Extensive usage in animal feed to improve bone health will strengthen the product penetration. In addition, factors such as canned foods, supplement diet and robust growth in healthcare & food industry will further support market growth in the future.
Calcium phosphate market from fertilizers is expected to observe a decent growth in the upcoming years. Increasing demand for calcium phosphate in the agriculture business as an essential ingredient for manufacturing fertilizers has propelled the industry growth over the forecast period. Rising demand for fertilizers to improve the yield and crop quality will boost the product market.
Asia Pacific calcium phosphate market is the fastest growing region and is valued at over USD 210 million in 2017.Growing population along with rising health care awareness are enhancing the business demand. In addition, growing food & beverage and agriculture industries in countries such as India and China, are contributing to the industry growth in this region. North America would witness growth by approximately 4% CAGR in terms of revenue from 2018 to 2024, owing to the rising R&D investments to develop various nutrition rich products. Growing pharmaceutical sector due to the presence of geriatric population will have a positive influence on the industry demand over the projected period.
Mosaic Company, Chemische Fabrik Budenheim, Merck Millipore, OCP Group Chemicals Company, Gadot Biochemical Industries and Innophos Holdings are among the few players in calcium phosphate market. Competitors are adopting various strategies such as technological development and merger & acquisition to expand their industry and enhance the customer base. For instance, in January 2018, Agrium merged with Potash Corporation to form Nutrien.