Tri-calcium Phosphate Market: Overview
Tri-calcium phosphate is a calcium salt of phosphoric acid. Its primary function is to increase the calcium content in foods. It is insoluble in water, usually found in a fine white powder form, and has a very low flavor profile. Tri-calcium phosphate has a chalky texture; therefore it is useful as a free-flowing agent. It has the ability to take up to 10% of its weight in moisture. Tri-calcium phosphate is also known as ribasic calcium phosphate and bone phosphate of lime (BPL). It is extensively used in several industries such as toothpaste, bone grafting material, baby powder, water filtration, nutritional supplement, and ceramic coating. Tri-calcium phosphate is also a mineral that is found in numerous foods.
Tri-calcium Phosphate Market: Drivers & Restraints
Demand for tri-calcium phosphate is rising due to surge in disposable income, change in lifestyle, and increase in awareness. However, health issues pertaining to consumption of tri-calcium phosphates is likely to restrain the global tri-calcium phosphate market during the forecast period. Risks associated to the consumption of tri-calcium phosphate include hypercalcemia, cardiovascular problems, and kidney stone.
Tri-calcium Phosphate Market: Key Segments
Based on product type, the global tri-calcium market can be bifurcated into capsules and powders. Tri-calcium phosphate is effective as a nutritional supplement, as it is readily absorbed in the body. Additionally, it is more effective than other calcium supplements, particularly those containing citrate and carbonate. Increase in demand for superior quality foods, high consumption of nutritional eatables, and rise in consumer awareness regarding health are expected to propel the global tri-calcium phosphate market during the forecast period.
In terms of end-use industry, the tri-calcium phosphate market can be segmented into pharmaceuticals, food, agriculture, and others. Tri-calcium phosphate is also used in ceramics, polishing powders, animal feed, medicines, fertilizers, and food additives. It is often preferred due to its anti-caking properties. Furthermore, tri- calcium supplements prevent bone loss. Many people opt for supplements to augment their calcium intake and tri-calcium phosphate is a popular supplement form of calcium. Therefore, demand for tri-calcium phosphate market is projected to increase during the forecast period. The human body needs phosphorus and calcium, both of which are provided by tri-calcium phosphate.
Tri-calcium Phosphate Market: Regional Outlook
Based on region, the global tri-calcium market can be divided into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific holds a major share of the global tri-calcium phosphate market due to growing middle-class population and changing lifestyle of the people in the region. The global tri-calcium phosphate market in North America is anticipated to expand at a significant pace during the forecast period owing to the growth in the pharmaceuticals industry. The global tri-calcium phosphate market in Europe is projected to expand at a substantial pace from 2018 to 2026 due to the rise in demand for tri-calcium phosphate market from the agriculture industry in the region. Latin America and Middle East & Africa are expected to account for a significant share of the global tri-calcium phosphate market owing to increase in investments in the pharmaceutical sector. This is projected to create new opportunities for the pharmaceutical industry in the region, which in turn is projected to propel the demand for global tri-calcium phosphate market in these regions.
Tri-calcium Phosphate Market: Key Players
Major players operating in the global tri-calcium phosphate market include Innophos, Natural Enrichment Industries, ICL Performance Products, Prayon S.A., and Lianyungang Debang Fine Chemical Co., Ltd. Manufacturers engage in strategies such as mergers & acquisitions, agreements, and capacity expansion to maintain a strong foothold in the market and to cater to the rising consumer demand.
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