LONDON--(BUSINESS WIRE)--The global calcium phosphate market size is poised to grow at a CAGR of almost 6% during the period 2020-2024, according to the latest market research report by Technavio. Request a free sample report
Calcium phosphate is used as an animal feed additive to improve metabolic functions and reduce the effects of heat distress. Calcium phosphates also supply essential minerals for the development of strong teeth and bones in livestock, poultry, and pets. Some feed-grade calcium phosphates being used more frequently include DCP, MCP, and TCP. In addition, the global poultry and cattle agriculture has grown considerably over the years and was valued at 62.02 million heads in 2017. Thus, the rising poultry and cattle farming activities across the globe will boost the consumption of calcium phosphate as an animal feed additive during the forecast period.
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As per Technavio, the increasing use of calcium phosphate in bone regeneration application will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2020-2024.
Calcium Phosphate Market: Use of Calcium Phosphate in Bone Regeneration Application
The osteoconductive properties of calcium phosphate has increased its use in bone regeneration applications. Calcium phosphate exhibits superior properties, such as high solubility, high stability, and excellent mechanical strength. In addition, calcium phosphate is also used in bone regeneration as it increases osteoconductivity for bone ingrowth, enhances osteoinductivity for bone mineralization with ion release control, and encapsulates drugs. Thus, the increasing demand for osteoporosis drugs across the globe will drive the growth of the market.
“Reduction in arable land and the surge in demand for water treatment chemicals will have a significant impact on the growth of the calcium phosphate market value during the forecast period,” says a senior analyst at Technavio.
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Calcium Phosphate Market: Segmentation Analysis
This market research report segments the calcium phosphate market by end-user (agriculture, animal feed, food and beverages, pharmaceuticals, water treatment, and others), and geographical regions (APAC, Europe, MEA, North America, and South America).
The APAC region led the market in 2018, followed by South America, Europe, North America, and MEA respectively. The growth of the calcium phosphate market share in APAC can be attributed to factors such as the increasing demand from the food and beverage, and agriculture industry in the region.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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