Synopsis of Dicalcium Phosphate Market
Dicalcium Phosphate also known as calcium monohydrogen phosphate, is a dibasic calcium compound with chemical formula CaHPO4. It is commonly found as dehydrate, but it can be converted into anhydrous form by applying heat. It is insoluble in water. Dicalcium Phosphate contain minimum 19% phosphorus content along with maximum 28% calcium content, thereby it is used as a source of phosphorus and calcium. Commercially, it is manufactured either by hydrochloric acid route or phosphoric acid route. It is majorly used as a dietary supplement in prepared breakfast cereals, enriched flour, dog & cat treat, and noodle products due to its rich calcium and phosphate content. It finds a wide application scope in pharmaceuticals, fertilizer, food & beverage, animal feed, cosmetics, and other products.
As per our analysis, some of the important market factors and trends identified in the Global Dicalcium Phosphate are, growing awareness, rising consumption of dietary products, increasing population. Increasing number of working professional along with increasing per capita disposable income is estimated to boost up the demand for Dicalcium Phosphate during the assessment period (2016-2023). Increasing usage of Dicalcium Phosphate in the manufacturing of medicines and other healthcare products along with the rising demand for medicinal products is estimated to propel the growth of the market. Moreover, rising demand for Dicalcium Phosphate based fertilizers along with continuous expansion of agriculture sector is predicted to give a new momentum to the demand for Dicalcium Phosphate.
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Segmentation
The Global Dicalcium Phosphate Market is categorized on the basis of Production Method, Application, and Region.
On the Basis of Production Method, the market is bifurcated into phosphoric acid route, and hydrochloric acid route.
On the Basis of Application, the market is classified into animal feed, fertilizer, food & beverage, pharmaceuticals, cosmetics, and others.
On the Basis of Region, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
Regional Analysis
The Global Dicalcium Phosphate Market is spanned across five regions, Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa. Among these, Asia Pacific is estimated to grow at the highest CAGR during the forecast period, (2016 to 2023) owing to the expansion of various end use industries such as fertilizer, food & beverage, and animal feed among others. The demand for Dicalcium Phosphate is estimated to surge in various countries of Asia Pacific such as China, Japan, India, Bangladesh, South Korea, Vietnam, and Malaysia on account of increasing consumer base as well as favorable government regulations. Additionally, growing purchasing power, availability of inexpensive raw material, labor & land, and soberly stringent regulatory framework are some other factors for the regional growth of Dicalcium Phosphate Market during the assessment period.
Asia Pacific has emerged as the largest market for Dicalcium Phosphate followed by North America and Europe. Europe is estimated to witness a substantial growth in Dicalcium Phosphate Market due to strong consumer base for numerous end use industries coupled with the rising investments to revitalize animal feed as well as food & beverage sector over the assessment period. European countries such as the Poland, U.K, France, Germany, Russia, Spain, and Italy have emerged as the prominent contributors in the regional Dicalcium Phosphate Market growth and is estimated to continue their dominance during the review period on account of wide utilization of Dicalcium Phosphate in cosmetics and pharmaceuticals sector. North America market is predicted to witness a significant growth on account of increased demand from food & beverage.
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