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Monocalcium phosphate Product segment of Calcium Phosphate market is anticipated to grow at around 4% by 2024

Author : Rahul Sankrityayan | Published Date : 2019-03-27 

Monocalcium phosphate market size is expected to witness growth at over 4% up to 2024. This can be credited to changing lifestyle and increasing bakery products consumption. Increasing product usage as leavening agent in conjunction with baking soda to enhance the dough rise and fluffier will drive the industry demand. The other factors such as supplement diet, and canned foods will further support the industry growth.

Factors such as change in lifestyle, disposable income, robust growth in food and healthcare sector, preference for healthy foods and growing geriatric population will favor the industry demand over the forecast timeline. Advancement in material science as product substitute may hamper the product demand.

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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.

Calcium Phosphate Market is estimated to surpass USD 850 million by 2024; according to a new research report by Global Market Insights, Inc.

Development in biomedical sector such as nanomedicine, healing and preventing calcium deficiencies, lower the risk of colorectal cancer and well-built teeth and bones will enhance the industry growth. Calcium phosphate nanoparticles have gained interest owing to biodegradability and high biocompatibility properties.

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.

Fertilizers are expected to witness notable growth during the forecast period. The increasing need for high quality crop yield will influence the usage of the product. Potential application to enhance cell elongation, strengthen plant cell wall, increase hormonal process, diseases resistance, crop quality and root growth will propel business demand.

North America calcium phosphate market is expected to hold over 20% of share in 2017. Rising healthy and highly nutritional diet products will positively influence the market growth. The NIH (National Institute of Health), US has defined the calcium intake for every age group to reduce the consequences of osteoporosis has favor the industry demand.

Asia Pacific calcium phosphate market will witness fastest growth over the forecast period. Increasing healthcare expenditure owing to rise in geriatric population will propel the market demand. Governments focus on producing high quality crops owing to limited land availability will stimulate the product demand.

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Key industry players are Innophos Holdings, Chemische Fabrik Budenheim, Merck Millipore, The Mosaic Company, Potash Corporation, Gadot Biochemical Industries, and OCP Group Chemicals Company. Other prominent industry players are Hindustan Phosphates, KEMAPCO Arab Fertilzers & Chemical Industries, Elixir Prahovo, Euro Chem, Advance Inorganics and Nitta Gelatin. 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.

About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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