Anhydrous 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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