Monocalcium Phosphate Market, Competitive Landscape, Factors, Revenue Analysis For 2020-2030
Monocalcium Phosphate Market is projected to be worth USD 6 Billion by 2030, registering a CAGR of 5% during the forecast period (2021 - 2030)
Monocalcium phosphate or MCP is a grey or white powder available
in small granules with average hygroscopic property and excellent solubility in
water. Produced from fluorine-free specially prepared wet process calcite
material and phosphoric acid, it is used as food additives for birds and
domestic animals. Any food that contains monocalcium phosphate offers
phosphorus and calcium to animals that promote in the creation of hard bone
stock as well as skeleton, augments metabolism, functions of the animal
organism, functions of reproductive, immune and nervous systems and increasing
its productivity. The mineral additives of these compounds are highly suggested
to feed herbivorous animals. MCP helps in strengthening the bones, teeth as
well as weight gain in poultry and livestock. Besides, monocalcium phosphate is
used as leaving agents in baking, thus being utilized in various products
namely cake mixes, pastry mixes, doughnuts, cookies, energy powder, pancakes
and other forms of pastry products. MCP is used in vitamins, soft drinks,
yeast, nutrition enhancer, curing agents for pectin and humectants for meat. It
allows protein to coagulate as well as thicken in no-bake cheesecakes and
instant puddings and also helps canned vegetables and fruits and frozen
vegetables maintain firmness. MCP is also utilized in food production in the
form of fertilizer.
There are abundant factors that is propelling the growth of
the Monocalcium Phosphate
Market. These factors as per the MRFR (Market
Research Future) report include increasing use in animal feed and agriculture,
rapid industrialization that has resulted in the development of poultry and
pork industries, growing need for supplement diet, huge applications in bakery
products, growing need for canned food, numerous health benefits in animal and
food consumption and receiving approval from the FDA as a safe additive and
advanced production technologies. On the contrary, fluctuating prices, skin and
eye irritation upon contact with monocalcium phosphate and its shelf life under
specific conditions are factors that may hamper the growth of the Monocalcium
Phosphate Market.
Market Segmentation
MRFR report offers a broad segmental analysis of the Monocalcium
Phosphate Market on the basis of application and form.
Based on application, it is segmented into animal feed, beverages,
food production, fertilizers and others.
Based on form, the Monocalcium Phosphate Market is segmented
into liquid form and powder form.
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Regional Analysis
By region, the Monocalcium Phosphate Market covers
growth opportunities and latest trends across North America, Europe, Asia
Pacific and Rest of the World. Of these, Asia Pacific will rule the market over
the forecast period due to rapid development in both food and agriculture
industries here. It is predicted to grow at a notable CAGR with China being the
key contributor. The Monocalcium Phosphate Market in North America will
have the second major share followed by Europe in terms of volume and value. In
the Rest of the World, the Monocalcium Phosphate Market has a prospective scope
of having a healthy growth over the forecast period.
Key Players
Leading players profiled in the Monocalcium Phosphate industry
include Wengfu Group, Timab, Fosfitalia, Quimpac SA Business, Ecophos,
Yara International, Mosaic, OCP Group, EuroChem, PhosAgro, and others.
Industry News
January 2021- DenMat
Holdings, LLC revealed that the company had introduced ZEN CP+, another latest
product in the Oral Hygiene category. The latest product is a desensitizing gel
used to lessen tooth discomfort and sensitivity issues by releasing nano-sized
calcium phosphate minerals straight onto the tooth surface, concealing and
penetrating deep within the dentinal tubules. The latest technology reacts with
the oral saliva to offer mineral-forming calcium phosphate ions.
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