Dicalcium Phosphate Market Growth Is Driven By Increasing Demand For Dicalcium Phosphate In Animal Feed Industry Globally
Pune, Maharashtra, May 20, 2019 (Wired Release) Prudour Pvt. Ltd. – Dicalcium phosphate is also known as calcium monohydrogen phosphate or dibasic calcium phosphate with the chemical formula CaHPO4. It is produced by neutralization of phosphoric acid and calcium hydroxide at 60°C. There are three forms of dicalcium phosphate i.e., dihydrate or mineral brushite, hemihydrate, and anhydrous or mineral monetite. It is usually used as dietary supplements, tableting agent, tartar control agent in toothpaste, etc.
High cost of phosphorus owing to less availability is a factor challenging growth of the global market. Increasing fundings in RD for development of new product with high functionalities is a factor creating a lucrative opportunity for manufacturers operating in the global dicalcium phosphate market. The worldwide market for dicalcium phosphate is expected to register moderate CAGR of around 4.1% over the next ten years and will be valued at 980.5 Mn in 2028, from US$ 656.2 Mn in 2018.
Growing industrialization, coupled with increasing animal feed, fertilizer, pharmaceutical, cosmetics, and other industries, rapid urbanization, coupled with high purchasing power, increasing consumption of processed and convenience food owing to hectic lifestyle, are factors proliferating demand for dicalcium phosphate. In addition, favorable regulation and statutes, increasing investments in various industries, and growing awareness among consumers for a healthy diet, have a positive impact on the global dicalcium phosphate market.
Dicalcium phosphate is of three types i.e., feed grade, fertilizer grade, and food grade. The feed grade is used for animals owing to provide proper fertility, growth, and bone development. Dicalcium phosphate helps in curing infertility caused due to lack of dietary minerals in order to reduce the inter-calving period. It helps to maintain calcium in the body, increases milk production, enhances fiber digestion, and improves resistance to prevent ruminal disorders and other diseases like mastitis. Dicalcium phosphate is used in various applications such as animal feed industry, fertilizer industry, and food industry. It is widely used in animal feed industry owing to various properties such as ease in feed digestibility and improves the nutritional quality.
The market is segmented on the basis of geography such as North America, Europe, Asia-Pacific, Latin America, and Middle East Africa. Rapid industrialization, coupled with growing various end-use industries such as food, fertilizer, and animal feed in countries such as China, India, Bangladesh, and others which in turn increase demand for dicalcium phosphate in the Asia Pacific region. Additionally, favorable government regulations, increasing consumer base, availability of raw material, and presence of major players are among some of the other factors driving demand for dicalcium phosphate. Increasing investments in various end-use industries, coupled with growing cosmetics and pharmaceutical industries in emerging countries such as Russia, Spain, Germany, France, and Italy has a positive impact on the dicalcium phosphate market in Europe. Increasing food and pharmaceutical industries in countries such as the US and Canada and high spending capacity are factors augmenting demand for dicalcium phosphate in the North America region.
Some of the prominent players operating in the target market include PotashCorp, OCP, Anglo American, Ecophos, TIMAB, Vale Fertilizers, J.R. Simplot Company, KEMAPCO, Innophos, Lomon Group, Jindi Chemical, Yunnan Copper Shengwei Chemical, Lu Feng Tian Bao, Sanjia, Yunnan Xinlong, Kunming Chuan Jin Nuo Chemical, Sinochem Yunlong, Mianzhu Panlong Mineral, Guizhou CP Group, and Sichuan Hongda.