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.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.