The global Monocalcium Phosphate market stood at approximately 2.7 million tonnes in 2023 and is anticipated to grow at a CAGR of 5.1% during the forecast period until 2034.
Monocalcium phosphate (MCP) is an inorganic compound. Calcium carbonate and phosphoric acid can combine to produce monocalcium phosphate to produce MCP. MCP has various applications in numerous sectors. In the food industry, it serves as a crucial leavening agent, contributing to the texture and rise of baked goods like cakes, bread, and pastries. Additionally, its presence in animal feed formulations is vital, as it provides essential phosphorus and calcium, supporting healthy bone development and overall growth in livestock and poultry. Moreover, monocalcium phosphate plays a vital role in agriculture as a fertilizer ingredient, delivering necessary nutrients to plants for optimal growth and development. Monocalcium phosphate functions as a water-soluble fertilizer, readily providing vital nutrients - calcium and phosphorus - to plants, thereby fostering their robust growth and development. Monocalcium phosphate is incorporated into animal feed as a calcium and phosphorus source, supporting bone strength, muscle growth, and the overall health of animals. It is also usage in pharmaceutical sector, such as toothpaste, aids in plaque removal and the elimination of surface stains from teeth, enhancing oral hygiene is another niche application. Its multifaceted utility underscores its significance in diverse sectors, ranging from food production and agriculture to animal nutrition and industrial processes.
The Monocalcium Phosphate market is experiencing significant trends driven by rising demand in the food industry and the animal feed sector. In the food industry, there is a growing preference for baked goods with improved texture and volume, leading to increased usage of Monocalcium Phosphate as a leavening agent. This compound serves multiple functions, including acting as a leavening agent, mineral supplement, and pH regulator in various food and beverage products. Its versatility makes it indispensable in the formulation of a wide range of food items, from baked goods to beverages and processed foods. Simultaneously, the animal feed sector is witnessing. Moreover, with the increasing global population and rising demand for protein-rich diets, the livestock industry is expanding, further driving the demand for Monocalcium Phosphate as a critical component of animal nutrition. The global Monocalcium Phosphate market is likely to reach approximately 4.8 million tonnes in 2034.
Globally, Asia Pacific Monocalcium Phosphate market currently holds the largest market share and is projected to maintain its lead in terms of revenue share throughout the forecasted period. One of the primary drivers anticipated to propel the growth of the monocalcium phosphate market in the Asia-Pacific region is the increasing demand for fertilizers within the agriculture sector. Additionally, the rising consumer preference for nutritious food products is anticipated to fuel the expansion of the calcium phosphate market. With the growing population of animals in the Asia-Pacific region, there is a corresponding rise in demand for animal feed. The Asia-Pacific animal feed industry is poised to maintain a significant market share, driven notably by its substantial customer base, particularly in China and India. Notably, the Chinese market for complex feeds is experiencing rapid growth, further contributing to the overall expansion of the industry in the region.
Based on the end-use, the global Monocalcium Phosphate market is divided into Food and Beverages, Agriculture, Pharmaceuticals, and Others. Among these, Food and Beverages is the dominating segment and held about 45% of the global Monocalcium Phosphate market in 2023.
Major players in the Global Monocalcium Phosphate market are OCP Group, Yara International, The Mosaic Company, EuroChem, Ecophos, PhosAgroand, Quimpac SA, Fosfitalia, Phosphea, The Wengfu Group, and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2034
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Objective of the Study:
• To assess the demand-supply scenario of Monocalcium Phosphate which covers production, demand and supply of Monocalcium Phosphate market in the globe.
• To analyse and forecast the market size of Monocalcium Phosphate
• To classify and forecast Global Monocalcium Phosphate market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Monocalcium Phosphate market in the globe.
To extract data for Global Monocalcium Phosphate market, primary research surveys were conducted with Monocalcium Phosphate manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Monocalcium Phosphate market over the coming years.
ChemAnalyst calculated Monocalcium Phosphate demand across the globe by analyzing the volume of Monocalcium Phosphate consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Monocalcium Phosphate manufacturers and other stakeholders
• Organizations, forums and alliances related to Monocalcium Phosphate distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Monocalcium Phosphate manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Monocalcium Phosphate market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
2.7 million tonnes
Market size Volume in 2034
4.8 million tonnes
Growth Rate
CAGR of 5.1% from 2024 to 2034
Base year
2023
Estimated year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2034
Quantitative units
Demand in million tonnes and CAGR from 2024 to 2034
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process, Foreign Trade.
Segments covered
By End-Use: (Food and Beverages, Agriculture, Pharmaceuticals, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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What was the net market size of Monocalcium Phosphate in terms of volume in 2023?
Ans:
The global market size of Monocalcium Phosphate has reached approximately 2.7 million tonnes in 2023.
Q2.
Which industry is the leading end-user industry of Monocalcium Phosphate?
Ans:
Food and Beverages industry is the leading end-user industry of Monocalcium Phosphate globally.
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