PUBLISHER: Market Research Future | PRODUCT CODE: 1487486
PUBLISHER: Market Research Future | PRODUCT CODE: 1487486
The Europe monocalcium phosphate market was valued at USD 477.4 million in 2022 and is expected to reach a value of USD 473.4 million by 2030 with a CAGR of 4.20%. In terms of volume, the Europe monocalcium phosphate market was sized at 331.8 kilo tons in 2022 and is projected to reach 484.8 kilo tons at a CAGR of 3.02% during the review period. Monocalcium phosphate has an average hygroscopic quality, is a white or grey powder, and is soluble in water. Specially produced phosphoric acid and calcite material are used to create monocalcium phosphate. It is created when reactions between natural minerals produce high-quality phosphoric acid, which must first be mined, processed, and purified. It has been demonstrated that a specific intake of monocalcium phosphate or other phosphate salts is good for the body and health of both humans and animals. Moreover, monocalcium phosphate is widely used as a fertilizer in agriculture industry. As a source of phosphorus, it is an essential component of plant nutrition and contributes to crop growth and development. Phosphorus is involved in vital processes such as energy transfer, photosynthesis, and root formation. Thus, by supplying phosphorus to the soil, monocalcium phosphate fertilizers help ensure that plants have access to this crucial nutrient.
As per MRFR analysis, the Europe monocalcium phosphate market has been segmented based on form, application, end-user, and country. Based on form the market is segmented as granule and powder. The powder segment held significant market revenue share of 53.8% in 2022 and is expected to grow at a CAGR of 4.28% during the forecast period. Powder form monocalcium phosphate is highly versatile and easy to use in various applications.
Based on application, the Europe monocalcium phosphate market has been divided into fertilizers, leavening agent, food & beverage additives, animal feed additive, and other applications. The animal feed additive application segment held the largest market revenue share of 50.5% in 2022 and this segment expected to register CAGR of 4.33% in the projected time.
Based on end-use, the Europe monocalcium phosphate market has been segmented into the animal feed, food industry, agriculture, and others.
Based on country the market is segmented as Germany, UK, France, Russia, Spain, Netherlands, Serbia, Bulgaria, Georgia, Romania, Turkey, Austria, Ukraine, Moldova, Hungary, Belgium, Czechia, Greece, Portugal, Sweden, Slovakia, Macedonia, and Rest of Europe. The Germany held largest market revenue share of 18.3% in 2022 and is expected to register a CAGR of 4.51% in the forecast period.
The key participants in the Europe Monocalcium phosphate market are Phosagro, OCP Group, EuroChem Group, Yara International, Phosphea, Fosfitalia S.P.A., J.R. Simplot Company, Innophos, and Prayon (Ecophos).