Monocalcium phosphate is a form of calcium phosphate with applications in food production, fertilizers, and beverages and animal feed. The intake of monocalcium phosphate and other salts can benefit the health of humans and animals. High demand for nutritious and bakery products is likely to trigger the demand for the chemical. The global monocalcium phosphate market report highlights pertinent drivers, challenges, and opportunities for players for the period of 2016 to 2021 (forecast period).
The global monocalcium phosphate market is influenced by its application as a leavening acid in the food & beverage industry. It can be used in achieving fine uniform grains in baked products. The high volume of monocalcium phosphate in curd has led to an increase in thiamin and riboflavin levels in the body. Supportive research studies supporting the consumption of the compound due to its benefits can bode well for the market. Massive demand for baked products, canned foods, and crops will drive its demand exponentially.
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The role of monocalcium phosphate in the development of animals is expected to be profitable for the market. Animal feeds rich in phosphorus will be in high demand by farmers looking to amplify the size of their livestock. Such feeds can facilitate protein metabolism, nervous system, immunity system, and reproductions system. Approval of the compound by federal agencies and its consumption can be a positive step for the market to reach global commoditization.
Fluctuating prices of monocalcium phosphate and its shelf-life can be detrimental to the market growth.
The global monocalcium phosphate market has been segmented by forms and application.
By forms, the market is segmented into liquid form and powder form.
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By application, it is segmented into animal feed, production, beverages, fertilizers, and others. The animal feed segment is likely to reap huge dividends in the global monocalcium phosphate market owing to its use as a leavening agent. It has assisted animals by playing a vital role in bone formation and development. On the other hand, fertilizers can capture a major share of the market owing to its use in cultivating crops.
The global monocalcium phosphate market has been segmented, by region, into North America, Europe, Asia Pacific (APAC), and the Middle East & Africa (MEA).
APAC will be the largest market followed by North America and Europe. This can be attributed to the large arable land, large volume of farmers, and need for healthy feeds to sustain livestock production. Huge consumption and exports of meat are prime factors expected to drive its demand in the region. The heavy demand for performance enhancing fertilizers and increasing the number of annual yields can bode well for the global monocalcium phosphate market.
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North America can command a high demand of the market owing to the burgeoning pharmaceutical sector. The large geriatric populace, approval of novel drugs, and well-defined healthcare framework are growth drivers of the region. Europe, on the other hand, can contribute heavily to the global monocalcium phosphate market due to high solubility and flexibility in dietary formulas.
OCP Group, PhosAgro, Fosfitalia, Ecophos, Mosaic, Timab, Quimpac SA Business, Yara International, EuroChem, and Wengfu Group are some of the notable players profiled in the global monocalcium phosphate market. Agreements and mergers & acquisitions are prime strategies followed by these players to sustain their position in the market.
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