Monocalcium Phosphate Market Analysis

Global Monocalcium Phosphate Market Overview

Monocalcium Phosphate Market Size was valued at USD 1.51 billion in 2022. The Monocalcium Phosphate industry is projected to grow from USD 1.56 billion in 2023 to USD 2.20 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.79% during the forecast period (2023 - 2030).

Monocalcium phosphate has an average hygroscopic quality, is a white or grey powder, and is soluble in water. Specially produced phosphoric acid and calcite material are used to create monocalcium phosphate. It is created when reactions between natural minerals produce high-quality phosphoric acid, which must first be mined, processed, and purified. It has been demonstrated that a specific intake of monocalcium phosphate or other phosphate salts is good for the body and health of both humans and animals.

As a leavening agent and feed ingredient for pets and birds, monocalcium phosphate is used. The animals benefited because calcium and phosphorus are crucial for the development of strong bones and bones. The animal organism, protein metabolism, reproductive system, neurological system, and immune system all benefit from this functional improvement.

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Monocalcium Phosphate Market Trends

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  RISING DEMAND FOOD INDUSTRY & ANIMAL FEED SECTOR

  
  

The industry of animal feed greatly benefits from the phosphate additive monocalcium phosphate. It provides animals with calcium and phosphorus, which is necessary for their metabolism and the healthy operation of their nervous, immune, and reproductive systems.

Because animal husbandry is increasingly being done for profit, there is a growing demand for nutrient-rich animal feed. Numerous governments, both in developed and developing countries, encourage farmers to take part in animal husbandry activities such, among others, apiculture, fish farming, and poultry farming. For instance, the Indian government launched an Rs 15,000 crore (around USD2 billion) infrastructure investment plan with an interest subsidy scheme in June 2020 to entice private investors and MSMEs to engage in the dairy, meat processing, and animal feed industries, creating 3.5 million jobs in the process.

The demand for monocalcium phosphate, a leavening agent used in food and beverage products, is increasing as a result of advances in food technology. Monocalcium phosphate, which is utilized as a leavening agent, stabilizer, and emulsifier in processed food items, is in higher demand due to the rising demand for processed foods. To enhance the quality, texture, and rise of baked goods including bread, cakes, and pastries, it is frequently employed. The demand for monocalcium phosphate in the food business is rising along with the need for fortified foods. Additionally, the need for monocalcium phosphate as a fortifying component is anticipated to rise in the future due to growing health concerns and greater understanding of the advantages of calcium and phosphorus.

Monocalcium Phosphate Market Segment Insights

Monocalcium Phosphate by Form Insights

The Monocalcium Phosphate Market segmentation, based on raw material has been segmented as liquid and powder. Among these, the powder as a form is projected to hold dominant share in the Monocalcium Phosphate Market revenue through the projected period. Monocalcium phosphate is available as tiny, white or grey granules or free-flowing powder. Mixing it with other uncooked ingredients is simple. The supplement is in charge of ensuring healthy bone and tissue development, the smooth operation of the nervous and metabolic systems, improved productivity, and a strong immune system.

In the food industry, monocalcium phosphate is a white, crystalline powder or granular substance that is frequently employed as a leavening agent. It can be applied to plants as a liquid fertilizer to supply them with calcium and phosphorus. Baking powder contains the essential component monocalcium phosphate. Carbon dioxide, the leavening for many baked goods, is created when an alkaline component and an acidic monocalcium phosphate combine. Animal diets frequently include monocalcium phosphate as a crucial P and Ca mineral supplement.

Monocalcium Phosphate by Application Insights

The Monocalcium Phosphate Market segmentation, based on Application, the market is segmented as Fertilizers, Food Production, Beverages, Animal Feed and Others. The fertilizer segment holds dominating share in the 2022 and forecasted period as well. Animal feed contains monocalcium phosphate as an ingredient. Because of its purity, the product is very easily digestive, especially by pigs and fowl. Additionally, it is a typical component of feed premixes for calves and aquaculture. There are various items, including those used every day, that contain monocalcium phosphate. Many goods meant for eating include the chemical. Its inclusion in food must always be identified on the ingredient list. The Monocalcium Phosphate in baking powder is probably the most well-known. It is the ingredient that causes baked items to rise as expected after baking. Baking soda and monocalcium phosphate interact in the aforementioned baked items. Carbon Dioxide, which is produced during this process, gives cakes and pastries their light, fluffy texture.

In processed foods, monocalcium phosphate is also utilized as an emulsifier. It is occasionally used as a preservative in processed cheeses and meats.

In dog food, monocalcium phosphate is also present. Dogs, like people, require calcium and phosphorus to maintain and grow their teeth and bones. The ingredient monocalcium phosphate, which is added to pet food, is a fantastic source of both substances.

 Monocalcium phosphate is used to make fertilizers that deliver calcium and phosphorus to the soil in addition to the uses already listed. A crucial mineral for plants, phosphorus aids in the growth of roots, the formation of flowers, and the ripening of fruits. In addition to aiding in cell division, nutrition absorption, and disease resistance, calcium is crucial for plant growth. Plants can obtain nutrients from monocalcium phosphate that they would not otherwise get.

2022 September, OCP Group signed an agreement to acquire 50% stake in animal nutrition business, GlobalFeed, from Spanish fertilizers group, Fertinagro Biotech

Monocalcium Phosphate Regional Insights

By Region, the study segments the Monocalcium Phosphate market into North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. The Asia Pacific Monocalcium Phosphate market holds the largest market share and is also anticipated to account for the largest revenue share during the forecast period. The rise in demand for bio-fertilizers from the agriculture sector is one of the key factors in Asia Pacific that is anticipated to propel the growth of the monocalcium phosphate market during the forecast period. Additionally, it is projected that the growing demand for wholesome food products will fuel the expansion of the calcium phosphate market.

The need for animal feed will increase as the number of animals in the Asia Pacific region increases. The animal feed market in the Asia Pacific region is projected to hold a significant market share due to its large client base, notably in the developing nations of China and India. Additionally, because animal feed is crucial to the food industry, the market for it will expand in tandem with the expanding food industry in the APAC area. This is because a large population needs a reliable supply of animal proteins that are both safe and abundant. The tendency toward meat and dairy products as well as the increase in per capita income may both help to maintain this trend. Thus, growing animal feed industry is expected to bolster the demand for monocalcium phosphate in the region.

Monocalcium Phosphate Key Market Players & Competitive Insights

The Monocalcium Phosphate Market is characterized by the presence of many global, regional, and local vendors. The market is highly competitive, with all the players competing to gain maximum market share. Intense competition, frequent changes in government policies, and regulations are key factors that impact market growth. The vendors compete based on cost, product quality, reliability, and aftermarket services. The vendors must provide cost-efficient and high-quality monocalcium phosphate to sustain their presence in an intensely competitive market environment.

The global Monocalcium Phosphate industry is highly fragmented. The key players operating in the Monocalcium Phosphate Market include Yara International, The Mosaic Company, EuroChem, OCP Group, PhosAgroand, Ecophos, Quimpac SA, Fosfitalia, Phosphea, The Wengfu Group many more. The market players are focused on investing in research & development and adopting strategic growth initiatives such as expansion, product launches, agreement, partnership, acquisition, and merger to strengthen their market position and capture a large customer base. These players have adopted strategies such as joint ventures, and expansions to enhance their business revenue and market share. Expansion of production units globally is the key strategy adopted by these players to cater to the increasing demand for Monocalcium Phosphate. Several companies are following investment and expansion strategies to strengthen their production capacities and penetrate into the emerging markets. An increase in the number of H2SO4 manufacturers & suppliers is projected to boost market growth over the forecast period.

PHOSAGRO: PhosAgro is a conglomerate. It manufactures and sells mineral fertilizers such as phosphate rock, monocalcium feed phosphate, ammonium and diammonium phosphates, apatite concentrate, and nepheline concentrate. The company operates in two segments: phosphorus-based products and nitrogen-based products. The Phosphate-Based Products segment includes the manufacture and distribution of ammophos, diammoniumphosphate, sodium tripolyphosphate, and other phosphate-based and complex fertilizers at factories in Cherepovets, Balakovo, and Volkhov, as well as the manufacture and distribution of apatite concentrate extracted from apatite-nepheline ore mined and processed in Kirovsk. The Nitrogen-Based Products segment includes the manufacture and distribution of ammonia, ammonium nitrate, and urea at the Cherepovets factory.

OCP Group: OCP Group (Office Chérifien des Phosphates) is a leading producer of phosphates and derivatives, a key ingredient in fertilisers. OCP Group is the world's largest exporter of phosphates and derivatives, with a strong presence in over 80 countries. Products from the company are used in a variety of industries, including agriculture, food, and construction. OCP Group, in addition to its core business, is involved in sustainability initiatives such as reforestation and water management projects.

Key Companies in the Monocalcium Phosphate Market includes.

• PhosAgro (Russia)


• OCP Group (Morocco)


• EuroChem (Switzerland)


• The Mosaic Company (US)


• Yara International (Norway)


• Ecophos (Belgium)


• Quimpac SA (Peru)


• Fosfitalia (Italy)


• Phosphea (France)


• The Wengfu Group (China)

Monocalcium Phosphate Industry Developments

September 2022: OCP Group signed an agreement to acquire 50% stake in animal nutrition business, GlobalFeed, from Spanish fertilizers group, Fertinagro Biotech.

January 2022: A business contract was signed by Yara and Lantmännen to market fertilisers free of fossil fuels. These green fertilisers, which are produced using renewable energy, are essential for decarbonizing the food chain and providing consumers with more sustainable food options.

December 2021: PhosAgro and the FAO declared that they had expanded their partnership and extended their cooperation agreement for a joint project to develop sustainable agriculture through 2023. The FAO and PhosAgro are concentrating on resolving the issue of soil pollution, including that caused by heavy metals, in the new phase of their collaboration.

Monocalcium Phosphate Market Segmentation

Monocalcium Phosphate Raw Material Outlook

• Liquid


• Powder

Monocalcium Phosphate Application Outlook

• Fertilizers


• Food Production


• Beverages


• Animal Feed


• Others

Monocalcium Phosphate Regional Outlook

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  North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


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  Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Russia
  
  
  • Rest of Europe
  
  
  
  


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  Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


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  Middle East & Africa
  
  
  
  • GCC
  
  
  • Turkey
  
  
  • Rest of Middle East & Africa
  
  
  
  


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  Latin America
  
  
  
  • Brazil
  
  
  • Mexico
  
  
  • Argentina
  
  
  • Rest of Latin America