Market Overview:
The Global Calcium phosphate Market size is expected to grow from USD 748 million in 2022 to USD 1113.58 million by 2030, at a CAGR of 5.1% during the forecast period (2023-2030).
Calcium phosphateis a common inorganic compound. It is a calcium salt of phosphoric acid and is widely used in a variety of industrial areas, including pharmaceuticals, and food & agriculture. The diverse applications of calcium phosphate in various industries are the major driving factor for the expansion of the market. Favorable properties such as higher nutritional value and extendable shelf life are to facilitate the growth of the calcium phosphate market. Fast urbanization, rising disposable incomes, dynamic changes in consumer behavior, and growing demand for nutritional food are hereby expected to stimulate the demand for calcium phosphate.
Top Key Players for the Calcium Phosphate Market:
Innophos(US), Prayon(Belgium), ICL PP (Israel), Chengxing Industrial (China), Hens (Indonesia), Budenheim (Germany), Tianjia Chem (China), Hindustan Phosphates (India), Thermphos (Netherlands), Kolod Food Ingredients (China), Gadot Biochemical (Israel), Haifa Group – (Israel), Advance Inorganics (India), Triveni Chemicals (India), Chemicals Chamber (South Africa), and other major players.
Market Dynamics and Factors for Calcium Phosphate Market:
Drivers:
Rising Demand in Food Industry for High-Quality Food.
Calcium phosphate is extensively utilized as a food stabilizer and food additive in the HoReCa industry. It acts as a thickening and stabilizing agent and is henceforth used abundantly in oil-based and water ingredients. Other essential properties of calcium phosphate such as acidity regulator, help the food to retain moisture, maintain the texture of canned vegetables, and in treatment of flour. Additionally, it finds substantial use in the production of processed foods and bakery and confectionery products. Rising demand for products such as flour, bakery mixes, cheese, and soy-based beverages owing to rising disposable income is likely to fuel the product demand across the food sector.
Opportunities:
Rising Demand in the Agriculture Sector
The rise in demand for calcium phosphate in agriculture, as an essential compound in the making of fertilizer, is expected to create a lucrative opportunity for the calcium phosphate market expansion during the forecasted period. Moreover, the agriculture sector is expected to attain immense growth in various regions globally. The rise in demand for fertilizers, which enriches crop quality and yield, is furthermore estimated to boost the demand for the calcium phosphate market.
Segmentation Analysis of the Calcium Phosphate Market:
By Type, Dicalcium Phosphate is accounted to dominate the calcium phosphate market in the upcoming years. Strong applications of calcium phosphate in the agriculture, pharmaceutical, food & beverages, and animal feed sectors will boost the industry growth.
By Application, the Food & beverage segment is expected to dominate the calcium phosphate market in the estimated years. The rising demand for the supplements associated with joints and bones for the geriatric population, along with the increasing awareness of the consumption of nutritional products will nurture the growth of the calcium phosphate market.
Regional Analysis of the Calcium Phosphate Market:
Europe is expected to dominate the calcium phosphate market in the projected years. Advancements in treating exposed fractures and dental hypersensitivity problems are thereby estimated to increase product growth rapidly. The increasing occurrence of constipation, lifestyle diseases, and bloating along with the growing personal care spending will prompt the requirement for calcium & mineral intake. Also, the growing adoption of joint and bone health supplements by the geriatric population is likely to propel overall growth in the European region.
Key Industry Development:
In January 2022, Solvay and Prayon announced the completion of Prayon's acquisition of Capterall®, an innovative and sustainable solution for water treatment and more specifically for the reduction of pollutants in wastewater. Developed by Solvay, the patented phosphate-based Capterall® solution aims to meet a major environmental challenge: capturing a very wide range of micropollutants such as heavy metals contained in industrial wastewater. With this new acquisition, Prayon, which is currently active in water treatment, is further strengthening its range of solutions for its industrial customers.
Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)
North America
- The U.S.
- Canada
- Mexico
Eastern Europe
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Spain
- Rest of Western Europe
Asia Pacific
- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA
