Press release
Calcium Phosphate Market – Survey on Growing Opportunities 2024 | Prominent Players The Mosaic Company, Nitta Gelatin NA Inc., Merck Millipore, Gadot Biochemical Industries Ltd., Prayon
Calcium Phosphate Market
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.
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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.
Rising product demand as dietary supplements in prepared breakfast, enriched flour, noodle products and animal feed will enhance the industry growth. The potential application in meat products and animal feed to prevent metabolic diseases, improves milk production thereby drive the calcium phosphate market share from 2018 to 2024.
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.
Food & beverage sector holds around 50% of the overall business share in 2017. This can be attributed to increasing consumer awareness regarding calcium intake and benefits pertaining to the development and growth of muscle, enzyme functions, nerves and teeth.
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Key industry players are The Mosaic Company, Nitta Gelatin NA Inc., Merck Millipore, Chemische Fabrik Budenheim, Gadot Biochemical Industries Ltd., Innophos, EuroChem, OCP Group Chemicals Company, Elixir Prahovo, KEMAPCO - Arab Fertlizers and Chemicals Ind., Hindustan Phosphates Pvt Ltd, Prayon, Nutrien, American Elements. Manufacturers are anticipated to adopt acquisition and merger strategy to gain competitive advantage. For instance, in January 2018, Potash Corporation merged with Agrium to form Nutrien to enhance its foothold in the industry.
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