June 18, 2024
Anhydrous Dibasic Calcium Phosphate Market

Anhydrous Dibasic Calcium Phosphate Market is Estimated to Witness High Growth Owing to Wide Range of Applications in Health Supplements

Anhydrous Dibasic Calcium Phosphate is a form of calcium phosphate which is widely used as a nutritional supplement and functional food additive. It contains calcium and phosphorus both of which are essential for bone mineralization and strength. Anhydrous Dibasic Calcium Phosphate finds applications in dental gels, toothpaste, dietary supplements, infant formula and functional food & beverages.

The Global Anhydrous Dibasic Calcium Phosphate Market is estimated to be valued at US$ 245.96 Bn in 2024 and is expected to exhibit a CAGR of 7.9% over the forecast period 2024 to 2030.

Key Takeaways

Key players operating in the Anhydrous Dibasic Calcium Phosphate are Pfizer, Sanofi, New England Biolabs, GlaxoSmithKline plc, GenScript, Thermo Fisher Scientific, Inc., Biogen, Inc., Merck & Co., Inc., Profacgen, Amgen, Inc., Monsanto Company.

The key opportunities in the Anhydrous Dibasic Calcium Phosphate Market Demand include growing demand from various end use industries like dietary supplements, functional foods, infant formula and pharmaceuticals. Rise in health awareness and increasing vegan and flexitarian population is expected to boost the demand.

Technological advancements like development of new sources of Anhydrous Dibasic Calcium Phosphate free from allergens through advanced manufacturing techniques are expected to support market growth over the forecast period.

Market drivers

Wide range of applications – Anhydrous Dibasic Calcium Phosphate has wide applications in dental products, health supplements, functional foods & beverages and pharmaceuticals owing to its essential mineral content. This wide range of uses is a key driver for the market growth.

Increasing health & wellness trend – Growing health awareness and focus on preventive care is driving higher demand for nutritional supplements and functional foods fortified with essential minerals. This increasing focus on fitness and well-being is expected to support the Anhydrous Dibasic Calcium Phosphate market.

Expanding population – Rising global population along with growing demand for infant formula, functional foods and dietary supplements from developing nations is anticipated to propel the market for Anhydrous Dibasic Calcium Phosphate over the forecast period.

Current Challenges in Anhydrous Dibasic Calcium Phosphate Market

The Anhydrous Dibasic Calcium Phosphate market is facing challenges due to changing environmental regulations across major regions. Stringent rules regarding mining and manufacturing processes have increased compliance costs for players. Additionally, the COVID-19 pandemic impacted both supply and demand, disrupting distribution channels worldwide. Many players faced shutdowns and production delays. Raw material prices also witnessed high volatility over the last couple of years affecting profit margins. Innovation in production techniques and effective waste management can help overcome some of these challenges.

SWOT Analysis

Strength: Highly versatile product with wide range of end-use applications in various industries like food & beverage, pharmaceuticals, agriculture, etc.

Weakness: Regulatory compliance and environmental protection add to production costs.

Opportunity: Increasing demand from emerging economies with growing populations and changing dietary habits.

Threats: Threat from substitutes like mono and dicalcium phosphates. Rising raw material prices are a major threat.

Geographical Regions with High Market Concentration

The Asia Pacific region accounts for the largest share of the global Anhydrous Dibasic Calcium Phosphate market in terms of value. Countries like India, China and Japan are major markets owing to their large population base and developing food processing industries. North America is another prominent region driven by nutritional supplement consumption in the US and Canada.

Fastest Growing Geographical Region

Africa is projected to be the fastest growing market for Anhydrous Dibasic Calcium Phosphate over the forecast period. Countries across Africa offer enormous untapped opportunities as consumption of staple foods, meat and dairy rises with growing incomes. Agricultural growth and government initiatives to boost domestic food production will further augment demand.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it