The calcium phosphate market is expected to take a leap forward, over the next eight years, owing to the increasing demand for nutritional, dairy and bakery products. The growing level of education and disposable incomes is giving rise to the demand for more healthy and nutritious food products across the world. Furthermore, increasing demand for superior quality food items and nutritional eatables owing growing consumer awareness towards health is expected to have a positive impact on the market growth over the next eight years. The product has broad application scope in the beverage industry for manufacturing soft drinks. Rising demand for calcium phosphate to improve the nutritional value of food products such as processed cheese, seafood, and bakery products is expected demand over the projected period.
The chemical has several different forms and is accordingly used in various applications. Some of the different forms of calcium phosphate are amorphous calcium phosphate, tetra calcium phosphate, biphasic calcium phosphate, octa calcium phosphate, apatite, hydroxyapatite, tricalcium phosphate, dicalcium phosphate, and monocalcium phosphate. Rising demand for calcium phosphate in personal care industry to manufacture oral care products such as toothpaste is expected to be a key factor driving the market growth. In the pharmaceutical industry, the product is used as a source of mineral and has broad application scope for manufacturing tablets. Furthermore, increasing demand for the product as diluents in drug formulations is expected to have a positive impact on the growth over the next seven years.
Growing demand for calcium phosphate in the agriculture industry, as an essential ingredient for manufacturing fertilizers, is likely open new avenues for the product market over the forecast period. Agricultural is anticipated to be one of the major sectors in emerging economies including India, Brazil, and Malaysia. Increasing demand for fertilizers to improve crop quality and yield is expected to boost the product market. The rising awareness among agricultural companies and farmers about the scientific methods to produce more and increase the return is likely to affect the market positively and is expected to provide new avenues for the growth of this sector. However, the governments of some European countries such as Germany, Spain, and Italy have stringent environmental norms and regulations that prohibit the use of phosphate-based fertilizers and cosmetics which is expected to hamper market growth.
The calcium phosphate industry is segmented by applications as food & beverage, agriculture, pharmaceutical and industrial. The global calcium phosphate market is projected to grow at a CAGR of over 5.8% over the forecast period, owing to the constantly increasing end- user applications. The Asia-Pacific region dominated the market in the historic year 2015 and is expected to grow at the fastest rate among all areas across the world, followed by North America and then Europe. Developing agriculture and food & beverage industry in the region are expected to be a key factor driving growth in this area. North America is projected to witness significant growth in the calcium phosphate market owing to the presence of the main pharmaceutical companies in the area including Pfizer, Merck & Co., and Roche. The presence of geriatric population coupled with sophisticated healthcare sector in the region is expected to have a positive impact on the pharmaceutical industry growth, which in turn is likely to boost demand or calcium phosphate over the projected period.
Europe is forecasted to witness significant growth in the market owing to increasing government focus on public health and rising investment in the pharmaceutical sector in countries including Germany, Spain, UK and Italy. Furthermore, initiatives taken by manufacturers on R&D to formulate new medicines are expected to increase demand for the drug diluents, which in turn is supposed to boost calcium phosphate demand over the next seven years. In Latin America, Brazil is expected to dominate the product market, particularly in agrochemical application owing to the rapid development of agriculture sector in the country. Changing consumer eating habits and rising demand for nutritional processed food products is expected to boost food & beverage industry growth in the Middle East, which in turn is supposed to have a positive impact on the calcium phosphate market growth over the next seven years. Pharmaceutical industry growth in the Middle East, especially Saudi Arabia, on account of rising health expenditure oupled with government support is expected to have a positive impact on the market growth over the next seven years. Increasing foreign investments in the pharmaceutical sector are projected to open new avenues for the pharmaceutical industry in the region, which in turn is supposed to propel the product demand.
Manufacturers are expected to tend towards various business strategies such as mergers & acquisitions, agreements and expansion plans to maintain the strong foothold in the industry and meet the rising consumer demand. The key players in the market are Advance Inorganics, A. B. Enterprises, Triveni Chemicals, Powder Pack Chemicals, Oasis Fine Chemicals, Chemicals Chamber, and Prayer.
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