The Global Anhydrous Dibasic Calcium Phosphate Market Growth Accelerated By Increased Uptake In Animal Feed
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| Anhydrous Dibasic Calcium Phosphate Market |
nhydrous Dibasic Calcium
Phosphate (ADCP) is an important food additive used as a mineral and dietary
supplement in animal feed. It provides essential phosphorus, calcium and other
minerals necessary for bone development and other physiological functions in
livestock and poultry. The global demand for meat and poultry products has been
increasing steadily, driving up the uptake of ADCP in animal feed formulations.
The global Anhydrous Dibasic
Calcium Phosphate Market is estimated to be valued at US$ 213.5 Mn in 2023 and
is expected to exhibit a CAGR of 12% over the forecast period 2023 to 2030, as
highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increased demand for meat and
poultry is one of the key factors contributing to the growth of the Anhydrous
Dibasic Calcium Phosphate Market. As per the United Nations' Food and
Agriculture Organization, global meat production is projected to increase
further by over 70% between 2020 and 2050. This growing appetite for animal
protein is necessitating higher feed production to meet nutritional
requirements of livestock. The uptake of ADCP, which is an economical and
readily absorbable source of calcium and phosphorus in animal feed rations, is
expected to rise consistently over the forecast period. The growing meat
consumption worldwide will thus serve as a major driver for the anhydrous
dibasic calcium phosphate market in the coming years.
Segment Analysis
The global Anhydrous Dibasic
Calcium Phosphate market can be segmented based on concentration, application,
and distribution channel. The 75-80% concentration segment dominates the market
as it finds wide application in animal feed and food & beverages
applications. This segment accounts for over 40% market share owing to its
ability to balance the feed formula and act as a calcium supplement.
Key Takeaways
The Global
Anhydrous Dibasic Calcium Phosphate Market Size is expected to witness
high growth. The global Anhydrous Dibasic Calcium Phosphate Market is estimated
to be valued at US$ 213.5 Mn in 2023 and is expected to exhibit a CAGR of 12%
over the forecast period 2023 to 2030.
The North America region
currently dominates the market owing to presence of large animal feed and food
processing industries in countries like US and Canada. Key players like Nutrien
and PhosAgro are focusing on expanding their production capacities in the
region to cater to growing demand. The Asia Pacific region is expected to
witness fastest growth during the forecast period. Growth of dairy, meat and
poultry industries is driving the demand for animal feed in countries like
China and India. Establishment of large feed mills by feed additive
manufacturers and private players in the region will boost market growth.
Increasing consumption of processed and packaged food items is also
contributing to the demand.
Key players analysis
Key players operating in the
Anhydrous Dibasic Calcium Phosphate market are Nutrien, PhosAgro, Mississippi
Phosphates, Innophos, Spectrum Chemical, Prayon, Sulux Phosphates, China Salt,
Ecophos, Fosfitalia, TIMAB, EuroChem and OCP Group. Nutrien and PhosAgro are
focusing on capacity expansions to better serve the animal feed producers in
North America. Chinese players like Ecophos and Sulux Phosphates have been
increasing their export capabilities.
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