increasing focus on animal health to prevent disease outbreaks is driving the Dicalcium Phosphate Market
Technavio analyzes that the Dicalcium Phosphate Market is expected to grow at a CAGR of 5.2% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 351 million.There are various factors that contribute to the growth of the market. The Dicalcium Phosphate market is witnessing significant growth due to the increasing emphasis on animal health and disease prevention. With the rising awareness of the importance of maintaining optimal nutritional levels for livestock, the demand for Dicalcium Phosphate as a dietary supplement is on the rise. This mineral plays a crucial role in bone and teeth development, as well as in the prevention of various diseases. As animal health becomes a top priority for farmers and livestock producers, the use of Dicalcium Phosphate as a cost-effective and efficient solution for improving animal health and productivity is expected to drive market growth.
In the global dicalcium phosphate market, the agriculture segment dominates with the largest share due to the extensive use of this compound as a fertilizer. The agricultural sector's growth is driven by the need to enhance crop yield and quality, which is a critical response to the increasing global population and the resulting demand for food. Furthermore, the rising consumption of poultry and livestock products necessitates the production of greater quantities of grains and fodder, thereby boosting the demand for dicalcium phosphate. Beyond agriculture, industries such as poultry feed, pig feed, fertilizer, polishing agents, glass, ceramics, metal products, flame retardants, and plastics also utilize dicalcium phosphate, contributing to the market's overall expansion. The market's growth is expected to continue during the forecast period as a result of these diverse applications.
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Dicalcium Phosphate Market Segmentation
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Dicalcium Phosphate is a crystalline powder used as a food additive and in pharmaceutical industries. It is produced by reacting Calcium oxide with Phosphoric acid. This nutrient-rich compound, containing Calcium and Phosphorus, offers nutritional value in various forms such as dietary supplements, stabilizers, and thickening agents. In food processing, it is used in processed foods, tablets, capsules, toothpaste, and dental products for healthy teeth and gums. In the animal feed industry, it serves as a source of essential nutrients for livestock, including poultry and pigs. Additionally, it plays a role in the fertilizer industry for improving soil quality and plant growth. Dicalcium Phosphate also functions as a polishing agent in glass and ceramics production.
The Dicalcium Phosphate market is a significant segment of the global commodity chemicals industry, catering primarily to the Food and Pharmaceutical sectors. This market involves the production of Crystalline Powder through the reaction of Calcium Oxide and Phosphoric Acid. Dicalcium Phosphate serves multiple functions as a Dietary Supplement, providing essential Calcium and Phosphorus for nutritional value. In Food Industries, it acts as a Stabilizer and Thickening Agent. The market's growth is driven by increasing demand for these applications, particularly in the Food and Pharmaceutical sectors, where Dicalcium Phosphate's unique properties offer significant benefits. The global commodity chemicals market, which encompasses manufacturers of industrial and basic chemicals, is expected to experience substantial growth due to the rising demand for lightweight, corrosion-resistant materials, particularly in the Plastics industry. This trend has led to continuous innovation and expansion in the use of chemicals in the manufacture of plastic packaging materials.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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