Global Dicalcium Phosphate Market Grows Steadily at a CAGR of 2.01%

Introduction

Dicalcium phosphate, represented chemically as CaHPO4, is calcium phosphate dihydrate. Due to the elimination of two protons during the formation of the HPO42– anion from phosphoric acid, H3PO4, the prefix "di" is derived. Alternative names for this compound include dibasic calcium phosphate and calcium monohydrogen phosphate. Dibasic calcium phosphate is predominantly utilized in the form of enriched flour, prepared breakfast cereals, and noodle products as a dietary supplement. Moreover, specific pharmaceutical formulations, such as those specially formulated to eliminate body odor, employ it as a tableting agent.

Market Dynamics

Growth in the Prevalence of Bone Diseases Drives the Global Market

Numerous determinants may contribute to the development of bone diseases, encompassing genetic, environmental, lifestyle, and medical influences. In recent times, an increase in bone disorders has been attributed to several factors, including the adoption of altered lifestyles, decreased physical activity, and heightened alcohol consumption. Osteoporosis, a substantial public health concern, is the most prevalent bone disease in the human population. The global prevalence of osteoporosis is estimated to affect 200 million individuals. An increasing number of fractures, exceeding two million annually, are attributed to osteoporosis.

Additionally, according to the available data, approximately 30% of women in both Europe and the United States exhibit symptoms of osteoporosis. Dicalcium phosphate, a compound composed of phosphate and calcium ions, is essential for the development and growth of bones. Constantly employed as a dietary supplement to aid in executing these processes. Therefore, it is anticipated that the increasing incidence of bone diseases will propel the expansion of the global dicalcium phosphate market.

Growing Demand from the Animal Feed Industry Creates Tremendous Opportunities

Rising demand in the animal feed industry results from the beneficial effects of dicalcium phosphates on bone development, animal growth, and fertility. A mineral deficiency in the diet can be remedied with the assistance of these phosphates. Dicalcium phosphates strengthen susceptibility to mastitis and ruminal disorders, as well as promote calcium homeostasis and milk production. Because of this, the health of animals and the quality of their flesh are improved by dicalcium phosphate.

Global livestock consumption has also increased in tandem with the expansion of the global population. Chicken, pigmeat, beef, and sheepmeat consumption are anticipated to increase by 15%, 11%, 10%, and 15%, respectively, by 2032, according to FAO projections. Dicalcium phosphate is a dietary supplement that has seen a sharp increase in demand along with the rise in meat consumption because of its role in improving the health and productivity of animals.

Regional Analysis

North America is the most significant global dicalcium phosphate market shareholder and is expected to expand substantially during the forecast period. North America possesses a highly developed and sophisticated livestock sector encompassing aquaculture, poultry, and cattle. Dicalcium phosphate, a vital feed additive, is widely utilized in these industries to enhance animal nutrition, health, and growth. The widespread acceptance of this product throughout North America can be ascribed to its efficacy in enhancing animal performance and meeting the growing demand for high-quality animal feed. Moreover, the region of North America is experiencing substantial growth due to increased meat consumption. As an illustration, North America had the highest per capita meat consumption between 2020 and 2022, averaging 78.6 kilograms per person, according to a statistic published by Statista.

Furthermore, ongoing endeavors are devoted to cutting-edge animal nutrition research to maximize animal productivity and improve feed formulations. North America's dominance in the global market is cemented by the region's dedication to technological improvement and the use of cutting-edge techniques, which increase demand for products like dicalcium phosphate.

Key Highlights

• The global dicalcium phosphate market size was valued at USD 806.21 million in 2022. It is estimated to reach USD 964.34 million by 2031, growing at a CAGR of 2.01% during the forecast period (2023–2031).
• Based on the process, the global dicalcium phosphate market is divided into phosphoric acid and hydrochloric acid. 
• Based on application, the global dicalcium phosphate market is segmented into animal feed, fertilizers, food and beverage, pharmaceuticals, cosmetics, and others.
• North America is the most significant global dicalcium phosphate market shareholder and is expected to expand substantially during the forecast period.

Competitive Players

Competitive Players

The key global dicalcium phosphate market players are Kemapco Arab Fertilizers & Chemicals Industries LTD, Merck KGaA, Hindustan Phosphates Pvt. Ltd, Aarti Industries Limited, CAP Biomaterials, LLC, Gujarat Narmada Valley Fertilizers & Chemicals Ltd, Mitushi Biopharma, Bamni Proteins Limited, Yara International ASA, Guizhou Zerophos Chemical Co., Ltd, and others.

Recent Developments

Market News

• In May 2023, John Deere and Yara International joined forces to launch a partnership combining Yara's agronomic expertise with John Deere's precision technology and advanced machinery. The partnership will enable farmers to increase yields and optimize fertilizer use, helping them contribute to the ambition of the European Union's Farm to Fork Strategy.
• In October 2023, Yara Growth Ventures AS, Navigator Holdings Ltd. ("Navigator"), and Yara International ASA announced that they each acquired a 14.5% stake in the Norwegian startup Azane Fuel Solutions AS ("Azane").

Segmentation

Global Dicalcium Phosphate Market: Segmentation

By Process

• Phosphoric Acid
• Hydrochloric Acid

By Applications

• Animal Feed
• Fertilizers
• Food and Beverage
• Pharmaceuticals
• Cosmetics
• Others

By Regions

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East and Africa