by Anhydrous dibasic calcium phosphate is an important dietary mineral supplement used in various food and beverage products. It helps strengthen bones and teeth and promote overall health. As a versatile mineral additive, anhydrous dibasic calcium phosphate is used to fortify products in the food and beverage industry such as breads, cereals, milk products, juices and others. It replaces more expensive calcium supplements and adds calcium without changing the taste or texture of the product. The global demand for fortified food and beverage products is growing due to increasing health consciousness among consumers. This rising demand acts as a driver for the anhydrous dibasic calcium phosphate market.
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:
One of the key trends in the anhydrous dibasic calcium phosphate market is its increasing use in nutritional supplements. Anhydrous dibasic calcium phosphate is commonly used as a calcium fortificant in vitamin and mineral supplements due to its high calcium content and bioavailability. The global dietary supplements market has been growing at a steady rate owing to rising health awareness. The demand for calcium enriched supplements is also increasing as they help build strong bones and promote joint health. This growing use of anhydrous dibasic calcium phosphate in supplements production is expected to drive the market during the forecast period.
Porter’s Analysis
Threat of new entrants: The threat is low as the anhydrous dibasic calcium phosphate industry requires high capital investment for manufacturing facilities.
Bargaining power of buyers: The power is moderate as anhydrous dibasic calcium phosphate has applications in various end-use industries including food and pharmaceuticals which increases buyers’ bargaining power.
Bargaining power of suppliers: The power is moderate as raw materials required for manufacturing anhydrous dibasic calcium phosphate such as calcium carbonate and phosphoric acid have limited suppliers globally.
Threat of new substitutes: The threat is moderate as there are substitutes available for certain applications of anhydrous dibasic calcium phosphate including monocalcium phosphate and magnesium phosphate.
Competitive rivalry: The competition is high among the key players to gain higher market share.
Key Takeaways
The Global Anhydrous Dibasic Calcium Phosphate Market Size 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.
Asia Pacific dominates the global anhydrous dibasic calcium phosphate market with China being the largest producer and consumer. growth in food processing industry and rising health awareness among consumers are fueling the market growth in the region. Europe is another major market for anhydrous dibasic calcium phosphate owing to strong presence of pharmaceutical industry in the region.
Key players: Key players operating in the anhydrous dibasic calcium phosphate market are Anker, Duracell, EcoFlow, Goal Zero, Jackery, MAXOAK, NEXPON, Omnicharge, ORYTO, OUTXE, Pisen, RavPower, Rockpals, Samsung, Suaoki, X-DRAGON, Zendure, RIVER, Crave, Intova. Goal Zero, Jackery, MAXOAK are some of the leading players focusing on new product developments.
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. With an MBA in E-commerce, she has an expertise in SEO-optimized content that resonates with industry professionals.
