Future Market Insights
Monocalcium Phosphate is a chemical compound with chemical formula Ca(H2PO4). It contains phosphate, calcium and hydrogen. It is a white or gray powder with an average hygroscopic property and is soluble in water. Monocalcium phosphate is formed from specially prepared phosphoric acid and calcite material. It is made from natural minerals causing reactions forming quality phosphoric acid which has to be mined, refined and purified. Specified intake of monocalcium phosphate or other phosphate salts is proved to be beneficial for the body and health of human and animals.
Monocalcium phosphate is a leavening agent, and the additive for domestic animals and birds feed. It benefited the animals as phosphorous and calcium are important for the bone formation and strong skeletal development. It helps in the functional improvisation of the animal organism, protein metabolism, reproduction system, nervous system and immunity system.
Global Monocalcium phosphate: Market Dynamics
The demand for the monocalcium phosphate is fueled majorly by the agriculture and animal feed. The demand for monocalcium phosphate is anticipated to have significant growth in forecast period as its use as a fertilizer in the agriculture has increased considerably. Due to rapid industrialization and thus the development of pork and poultry industries, the monocalcium phosphate market shows positive outlook regarding consumption rate. Monocalcium phosphate helps to strengthen the teeth, bones and weight gain in livestock and poultry. The factors triggering the monocalcium phosphate market includes increasing demand for the supplement diet, wide applications such as in bakery products, agriculture, increasing demand for the canned food. Moreover, the health benefits of monocalcium phosphate attract the huge customer base and its recognition by the Food and Drug Administration as the safe additive allows the manufacturers to consume it in the industrial processes and thus favoring the monocalcium phosphate market. The monocalcium phosphate market is expected to show significant CAGR in the forecast period considering all its health benefits in human and animal food consumption.
Though the consumption of monocalcium phosphate leads to desired health benefits, excessive intake for an adult over 700 mg a day can cause aging symptoms, the risk of heart disease and pressure over the kidneys. The factors restraining the growth of monocalcium phosphate are its shelf life under specified conditions. It may indicate eye and skin irritation upon contact. Moreover, major factor that stagnant the monocalcium phosphorous market is fluctuating prices
Global Monocalcium phosphate: Segmentation
By physical forms
By Functional Use
Global Monocalcium phosphate: Segment Overview
The monocalcium phosphate is used in wide variety of applications and industrial processes. The monocalcium phosphate market is segmented on its physical forms, applications and functional use. In physical forms, the monocalcium phosphate is segmented into powdered and liquid form depending on the food or applications.
Based on its applications, the monocalcium phosphate is used in agriculture as a fertilizer, in food production in bakery products such as cakes, dough, cookies, energy powders, malted milk powder, and canned food, in beverages and animal feed and other industries.
Based on its functional use, monocalcium phosphate is used as a food additive in packaged food, beverages, leavening agent. It is also used as an acid component.
Global Monocalcium phosphate: Regional Overview
The market for the global monocalcium phosphate market its presence in the regions including Latin America, North America, Europe- Eastern and Western, Asia Pacific, Japan and the Middle East and Africa. Owing to rapid development in the agriculture and food industries, the Asia-Pacific market is expected to have significant CAGR in the forecast period. The China by its monocalcium phosphate production and consumption is leading followed by North America and Europe. The monocalcium phosphate market is anticipated to perform well shortly owing to the shear versatility of applications in food, agriculture and beverage industry and growing meat consumption rate in India and other Asia Pacific regions. The market suffers heavily due to political instability in the regions of the Middle East and Africa.
Global Monocalcium phosphate: Market Players
The prominent players of the monocalcium phosphate market includes
PhosAgro, EuroChem, Mosaic, Fosfitalia Group, Lomon Company Co. Ltd, Sichuan Chuanheng Chemical Corporation, TIMAB, Wengfu Group, AB “ Lifosa,” GC Ingredients Inc., Elixir Group Doo, Lianyungang Yunbo Chemical, Guizhou Zerophos Chemical, Guangxi Guilin RongDe Chemicals, Orientphos Chemical, Nanjing Jiayi Sunway Chemical
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
The main aim of the report is to:
MRR.BIZ is a leading provider of strategic market research. Our vast repository consists research reports, data books, company profiles, and regional market data sheets. We regularly update the data and analysis of a wide-ranging products and services around the world. As readers, you will have access to the latest information on almost 300 industries and their sub-segments. Both large Fortune 500 companies and SMEs have found those useful. This is because we customize our offerings keeping in mind the specific requirements of our clients.