Global Dicalcium Phosphate Market Overview
Dicalcium Phosphate Market Size was valued at USD USD 0.8448 Billion billion in 2023. The Dicalcium Phosphate market industry is projected to grow from USD USD 0.9568 Billion in 2024 to USD 1.306 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.60% during the forecast period (2024 - 2032). The growing geriatric population, raising consumption of dietary products, and the rapid expansion of agriculture are the key market drivers enhancing market growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Dicalcium Phosphate Market Trends
-
Increasing research attention on calcium phosphates is driving market growth
Calcium phosphates have gained much research attention in the past few years due to their chemical similarities to teeth and bones. Calcium phosphate materials have become attractive biomedical materials due to their nontoxicity and excellent biocompatibility. In addition, researchers have found that calcium phosphates also aid communication between nerve cells, help blood vessels regulate blood flow in the body, contribute to blood clotting, and assist in muscle contraction. Researchers are further focusing on calcium phosphate to find other applications. For instance, Fadis Murzakhanov, a scientist, has elaborated in his research that calcium phosphates can help advance bone tissue regeneration. This factor drives the market CAGR.
Additionally, the demand for dicalcium and monocalcium phosphates is increasing in the animal and poultry feed industry, owing to their positive effects on bone development, fertility, and animal growth. These phosphates help in curing infertility caused by a lack of dietary minerals. Dicalcium phosphates increase milk production, maintain calcium in the body, and improve resistance to prevent diseases such as mastitis and ruminal disorders. The consumption of calcium phosphates is increasing in the animal feed industry due to their numerous properties, such as ease in feed digestibility and improved nutritional quality. In the poultry sector, calcium phosphates are fed to chicks in their early life phase for better growth. Hence, the growing feed industry across the globe has a significant impact on the calcium phosphate market. The increasingly aging population is expected to fuel the calcium phosphate market. In old age, osteoporosis (a disease that decreases the density of bones and potentially leads to the breakage of bones) is fairly common. Calcium phosphates are considered effective in the treatment of osteoporosis. Deficiencies among people, whether millennials or adults have become common due to changing habits and lifestyles. Many people have vitamin deficiencies, iron deficiencies, and calcium deficiencies. Calcium phosphates are used as supplements for people who are calcium-deficient. Also, the need to control the rise in orthopedic disorders among consumers through calcium phosphate treatment is expected to drive market growth. Thus, driving the Dicalcium Phosphate market revenue.
Dicalcium Phosphate Market Segment Insights
Dicalcium Phosphate Production Method Insights
Based on the production method, the Dicalcium Phosphate market segmentation includes phosphoric and hydrochloric acid. The phosphoric acid segment dominated the market; the Phosphoric Acid production method offers a cost-effective and efficient process for manufacturing Dicalcium Phosphate. This method involves the reaction of Phosphoric Acid with a source of calcium, resulting in the formation of Dicalcium Phosphate. Moreover, Phosphoric Acid is widely available as a raw material, making it readily accessible for the production of Dicalcium Phosphate. The abundance of Phosphoric Acid sources ensures a consistent supply chain, which further contributes to the dominance of this production method in the market.
Figure1: Dicalcium Phosphate Market, by Production Method, 2022 & 2032 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Dicalcium Phosphate End-Use Insights
Based on end-use, the Dicalcium Phosphate market segmentation includes food & beverage, animal feed, pharmaceutical, agriculture, and others. The food & beverage segment dominated the market; the food & beverage industry highly emphasizes product quality and safety. Dicalcium Phosphate, with its recognized safety profile and regulatory approvals, is preferred by manufacturers in this industry. It helps enhance food products' nutritional value and texture, making it suitable for applications such as bakery goods, dairy products, beverages, and nutritional supplements. Additionally, the increasing consumer awareness regarding the importance of a balanced diet and nutritional supplementation has led to a growing demand for fortified food and beverage products.
Dicalcium Phosphate Regional Insights
The market analysis includes a comprehensive examination of various regions: North America, Europe, Asia-Pacific, and the Rest of the World. The North American dicalcium phosphate market will dominate this market due to the presence of prominent pharmaceutical companies in the Region, such as Roche, Merck & Co., and Pfizer.
The market report focuses on studying the major countries that play a significant role in the industry, including the United States, Canada, Germany, France, the United Kingdom, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure2: DICALCIUM PHOSPHATE MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe's Dicalcium Phosphate market accounts for the second-largest market share. This is because of the rising demand for dietary products and the increasing reliance on calcium-based supplements, which have leincreasedonsumption. Further, the German Dicalcium Phosphate market held the largest market share, and the UK Dicalcium Phosphate market was the fastest-growing market in the European Region.
The Asia-Pacific Dicalcium Phosphate Market is expected to grow fastest from 2023 to 2032. This is due to the increasing food and beverage industries and developing agriculture sector impact on the calcium phosphate market growth in this Region. Moreover, China’s Dicalcium Phosphate market held the largest market share, and the Indian Dicalcium Phosphate market was the highest-growing market in the Asia-Pacific region.
Dicalcium Phosphate Key Market Players& Competitive Insights
Leading market players are investing heavily in research and development to expand their product lines, which will help the Dicalcium Phosphate market, grow even more. Market participants are also undertaking different strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. The Dicalcium Phosphate industry must offer cost-effective items to expand and survive in a more competitive and rising market climate.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Dicalcium Phosphate industry to benefit clients and increase the market sector. The Dicalcium Phosphate industry has offered some of the most significant advantages in recent years. Major players in the Dicalcium Phosphate market, including Guizhou Zerophos Chemical Co., Ltd (China), ICL (Israel), Bamni Proteins Limited (India), Gujarat Narmada Valley Fertilizers & Chemicals Ltd (India), AARTI INDUSTRIES LIMITED (India), Kemapco Arab Fertilizers & Chemicals Industries LTD. (Jordan), Innophos (USA), Sudeep Pharma Pvt. Ltd. (India), Ecophos Group (Belgium), Phosphea (France)., and others, are attempting to increase market demand by investing in research and development operations.
Apollo Health Ventures is a transatlantic early-stage Venture Capital firm actively co-founding and investing in transformative healthcare companies targeting age-related diseases and aging it. Apollo Health Ventures, a leading player in dicalcium phosphate manufacturing, has disclosed the final finishing of its second venture fund to develop a portfolio of data-driven health tech and biotechnology ventures focused on expanding human healthspan. The venture's Fund II effectively raised over USD180 million to invest in externally sourced deals and venture creation, and the latest fund is supported by Apollo's existing international investor base and the latest experienced and well-known investors.
EuroChem Group AG, a fertilizer producer based in Switzerland, is known for its manufacturing capabilities in nitrogen, phosphates, and potash fertilizers. With its headquarters located in Zug, Switzerland, the company specializes in producing and distributing agricultural chemicals. Recently, EuroChem Group AG announced the establishment of a new subsidiary called EuroChem Agro Bulgaria in Bulgaria. This strategic move aims to expand the company's presence in Bulgaria and the broader Region of southeastern Europe. By establishing a local presence, EuroChem Group AG seeks to enhance its distribution network and strengthen its position in the agricultural market in this part of Europe.
Key Companies In The Dicalcium Phosphate Market Include
- Guizhou Zerophos Chemical Co., Ltd (China)
- ICL (Israel)
- Bamni Proteins Limited (India)
- Gujarat Narmada Valley Fertilizers & Chemicals Ltd (India)
- AARTI INDUSTRIES LIMITED (India)
- Kemapco Arab Fertilizers & Chemicals Industries LTD. (Jordan)
- Innophos (USA)
- Sudeep Pharma Pvt. Ltd. (India)
- Ecophos Group (Belgium)
- Phosphate (France)
Dicalcium Phosphate Industry Developments
December 2021: Apollo Health Ventures, a leading player in dicalcium phosphate manufacturing, has disclosed the final finishing of its second venture fund to develop a portfolio of data-driven health tech and biotechnology ventures focused on expanding human healthspan. The venture's Fund II effectively raised over USD180 million to invest in externally sourced deals and venture creation, and the latest fund is supported by Apollo's existing international investor base and the latest experienced and well-known investors.
November 2017: EuroChem Group AG declared the authority initiation of its new auxiliary in Bulgaria, known as EuroChem Agro Bulgaria. This move was required to extend its dispersion impression in the country and generally in the south of Eastern Europe.
Dicalcium Phosphate Market Segmentation
Dicalcium Phosphate Production Method Outlook
- Phosphoric Acid
- Hydrochloric Acid
Dicalcium Phosphate End-Use Outlook
- Food & Beverage
- Animal Feed
- Pharmaceutical
- Agriculture
- Others
Dicalcium Phosphate Regional Outlook
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
Report Attribute/Metric |
Details |
Market Size 2023 |
USD 0.8448 billion |
Market Size 2024 |
USD 0.9568 billion |
Market Size2032 |
USD 1.306 billion |
Compound Annual Growth Rate (CAGR) |
5.60%(2024-2032) |
Base Year |
2023 |
Market Forecast Period |
2024-2032 |
Historical Data |
2018- 2022 |
Market Forecast Units |
Value (USD Billion) |
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered |
Production Method, End-Use, and Region |
Geographies Covered |
North America, Europe, AsiaPacific, and the Rest of the World |
Countries Covered |
The major countries analyzed in the market report include the United States, Canada, Germany, France, the United Kingdom, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil. |
Key Companies Profiled |
Guizhou Zerophos Chemical Co., Ltd (China), ICL (Israel), Bamni Proteins Limited (India), Gujarat Narmada Valley Fertilizers & Chemicals Ltd (India), AARTI INDUSTRIES LIMITED (India), Kemapco Arab Fertilizers & Chemicals Industries LTD. (Jordan), Innophos (USA), Sudeep Pharma Pvt. Ltd. (India), Ecophos Group (Belgium), Phosphea (France) |
Key Market Opportunities |
· Rising prevalence of calcium-related diseases such as osteoporosis, rickets, and hypoparathyroidism. |
Key Market Dynamics |
· The increased use of dicalcium phosphate in producing fertilizers and animal feed, the Growing geriatric population, and the rising consumption of dietary products. |
Dicalcium Phosphate Market Highlights:
Frequently Asked Questions (FAQ) :
The Dicalcium Phosphate market size was valued at USD 0.8448 Billion in 2023.
The Dicalcium Phosphate market is expected to witness a steady growth rate of 5.60% during the forecast period from 2024 to 2032.
North America had the largest share of the Dicalcium Phosphate market
The key players in the market are Guizhou Zerophos Chemical Co., Ltd (China), ICL (Israel), Bamni Proteins Limited (India), Gujarat Narmada Valley Fertilizers & Chemicals Ltd (India), AARTI INDUSTRIES LIMITED (India), Kemapco Arab Fertilizers & Chemicals Industries LTD. (Jordan), Innophos (USA), Sudeep Pharma Pvt. Ltd. (India), Ecophos Group (Belgium), Phosphea (France).
The Phosphoric Acid Dicalcium Phosphate category dominated the market in 2023.
Food & Beverage had the largest share of the Dicalcium Phosphate market.