The global market for monocalcium phosphate is anticipated to grow from a valuation of US$ 4.2 billion in 2023 to US$ 6.9 billion by the conclusion of 2033, reflecting a compound annual growth rate (CAGR) of 5%.
Monocalcium phosphate, a chemical compound represented by the molecular formula CaH4P2O8, consists of calcium, hydrogen, and phosphate. This compound typically appears as a white or grey powder with moderate hygroscopic properties and is soluble in water.
Monocalcium phosphate is produced using specially formulated phosphoric acid and calcite materials. The production process involves the interaction of natural minerals to yield high-quality phosphoric acid, which must undergo mining, refining, and purification. Research indicates that a specific intake of monocalcium salts or other phosphate salts is beneficial for the health and well-being of both humans and animals.
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Key Insights from Market Analysis:
- The global monocalcium phosphate market is projected to reach US$ 6.9 billion by 2033.
- Demand for monocalcium phosphate in China is increasing due to the rapidly developing livestock industry.
- High demand for monocalcium phosphate-based fertilizers in France.
- Ready-to-mix food product sales with monocalcium phosphate presence are increasing in the United States.
“The global monocalcium phosphate market is progressing steadily due to large-scale use of food-grade calcium phosphate in the production of bakery products,” says a Fact.MR analyst.
Competitive Landscape:
Prominent players in the monocalcium phosphate sector are increasingly prioritizing the development of cost-efficient products to enhance profitability. These manufacturers are dedicating substantial resources to research and development initiatives aimed at discovering innovative formulations and cost-effective production methods.
In February 2022, EuroChem Group successfully acquired the Serra do Salitre phosphate project in Brazil. This strategic acquisition is anticipated to advance phosphate development and significantly increase sales of animal feed phosphate in the forthcoming years.
Recent Market Developments:
The Mosaic Company has recently completed the acquisition of Vale Fertilizantes, a Brazilian fertilizer enterprise that operates five phosphate mines, thereby strengthening its position in the feed phosphate market in Brazil.
In April 2022, Phosphea launched HumIPHORA, a groundbreaking advancement in phosphate technology. HumIPHORA provides high-quality phosphorus and enhances the efficiency of nutrient utilization, particularly for phosphorus sourced from plants.
Source: https://www.globenewswire.com/news-release/2023/04/12/2645133/0/en/Monocalcium-Phosphate-Demand-is-Expanding-at-a-CAGR-of-5-to-Hit-US-6-9-Billion-by-2033-Fact-MR-Analysis.html
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