PUBLISHER: Market Research Future | PRODUCT CODE: 1487487
PUBLISHER: Market Research Future | PRODUCT CODE: 1487487
Europe's Dicalcium Phosphate Market Forecast to 2032.
The European dicalcium phosphate market was valued at USD 966.1 million in 2022 and is expected to reach USD 820.5 million by 2030, increasing at a 5.8% CAGR. In terms of volume, the Europe dicalcium phosphate market was valued at 695.5 kilo tons in 2022 and is predicted to expand to 1023.2 kilo tons by 2030, at a 3.9% CAGR over the research period. Dicalcium phosphate is widely used as a feed supplement for cattle and poultry. The rising demand for meat and dairy products is driving the rise of the animal feed industry, which in turn raises demand for dicalcium phosphate.
According to an MRFR analysis, the European dicalcium phosphate market is segmented by form, application, end-user, and country. The market is classified into two divisions based on form: liquid and powder.
The powder segment had a significant market revenue share of 77.1% in 2022 and is expected to grow at a 5.9% CAGR during the projected period. Powder DCP is used in a range of industries, including animal feed, fertilizers, food and beverage, pharmaceuticals, and building materials like as cement and plaster. Its versatility makes it a popular choice for both manufacturers and consumers. Powder DCP, unlike liquid DCP, is easier to handle, store, and transport due to its solid state. This characteristic reduces transportation costs and improves logistical efficiency.
Market segment insights
The dicalcium phosphate market in Europe is divided into applications such as food and beverage, animal feed, pharmaceuticals, agriculture, nutritional supplements, and others. The animal feed application segment had the largest market revenue share of 28.4% in 2022 and is expected to increase at a CAGR of 5.9% during the forecast period. Dicalcium phosphate is a popular animal feed ingredient because it includes calcium and phosphorus, two minerals required for animal growth and development. It also helps to maintain an optimal pH balance in the animal's digestive system, which is required for nutritional absorption. Furthermore, dicalcium phosphate can improve the palatability of feed, making it more desirable to animals, as well as help animals develop strong bones and teeth.
The European dicalcium phosphate market is segmented by end use: food, animal feed, pharmaceuticals, and others. In 2022, the animal feed industry dominated the market, accounting for 43.1% of total revenue, and is predicted to grow at a 6.4% CAGR during the forecast period. Livestock farmers are becoming more aware of the importance of animal nutrition in enhancing animal health, performance, and total product quality. Dicalcium phosphate is an important ingredient in animal feed formulations because it includes essential elements including calcium and phosphorus, which are required for bone formation, metabolism, and overall animal health.
The market is separated into nations such as Germany, the United Kingdom, France, Russia, Spain, the Netherlands, Serbia, Bulgaria, Georgia, Romania, Turkey, Austria, Ukraine, Moldova, Hungary, Belgium, Czechia, Greece, Portugal, Sweden, Slovakia, Macedonia, and the rest of Europe. Germany had the largest market revenue share (18.2%) in 2022 and is expected to increase at a CAGR of 10.12% during the projected period. Germany has a thriving animal industry, particularly in the poultry and swine sectors, which are major consumers of dicalcium phosphate. The country's emphasis on animal nutrition and health drives up the need for dicalcium phosphate in animal feed formulations.
The market's main companies include FOSFITALIA S.P.A., PHOSPHEA (GROUPE ROULLIER), PLATER GROUP, PRAYON (ECOPHOS), J.R. SIMPLOT COMPANY, INNOPHOS, PIONEER JELLICE INDIA PRIVATE LTD, NORDFEED, GLOBALFEED, and CELTIC CHEMICALS.