by Anhydrous Dibasic Calcium Phosphate is an important additive that finds application in various industries such as food, pharmaceutical, and others. It is predominantly used as a leavening agent in baking products and as a source of calcium and phosphorus. Anhydrous Dibasic Calcium Phosphate has high stability, solubility, and acid resistance making it suitable for these applications. The product tastes neutral and does not leave chalky residues in the food products. It helps improve texture, consistency and volume of baked goods. The increasing demand for processed and packaged food products is contributing to the growth of the Anhydrous Dibasic Calcium Phosphate market.
The Global Anhydrous Dibasic Calcium Phosphate Market is estimated to be valued at US$ 245.96 Bn in 2024 and is expected to exhibit a CAGR of 7.9% over the forecast period 2024 to 2030.
Key Takeaways
Key players operating in the Anhydrous Dibasic Calcium Phosphate are Pfizer, Sanofi, New England Biolabs, GlaxoSmithKline plc, GenScript, Thermo Fisher Scientific, Inc., Biogen, Inc., Merck & Co., Inc., Profacgen, Amgen, Inc., Monsanto Company. Pfizer offers a wide range of Anhydrous Dibasic Calcium Phosphate products used as a supplement in pharmaceutical oral dosage forms and as a nutritional supplement.
The demand for Anhydrous Dibasic Calcium Phosphate Market Demand is growing due to the expansion of the food processing industry. There is a rising demand for bakery, confectionery and packaged food products contributed by changing lifestyles and increasing disposable incomes in developing countries. The growth in demand is also attributed to new product launches, branding and marketing strategies adopted by key companies.
The global Anhydrous Dibasic Calcium Phosphate market is expanding due to increasing exports from China and India. Key players are focusing on strengthening their distribution networks in regions including North America, Europe and Asia Pacific. Collaborations with local suppliers and private label vendors is helping companies to penetrate new markets.
Market Key Trends
One of the key trends in the Anhydrous Dibasic Calcium Phosphate market is the increasing use in pharmaceutical drugs and supplements. It is used as an excipient in tablets and capsules for its properties such as stability, ability to impart texture and improve flow characteristics. Anhydrous Dibasic Calcium Phosphate also finds applications as a dietary calcium supplement for humans and animals. The rising health consciousness and demand for supplements is boosting the uptake of Anhydrous Dibasic Calcium Phosphate in the pharmaceutical industry.
Porter’s Analysis
Threat of new entrants: Anhydrous Dibasic Calcium Phosphate requires extensive R&D to manufacture which deters new players.
Bargaining power of buyers: Buyers such as food and feed producers have moderate bargaining power due to availability of substitutes.
Bargaining power of suppliers: Suppliers such as chemical manufacturers have moderate bargaining power given their differentiated products and expertise required.
Threat of new substitutes: Substitutes such as mono/tricalcium phosphate pose threat due to their price advantage.
Competitive rivalry: Industry players compete on parameters like quality, product differentiation and supply commitments.
Geographically, North America accounts for the largest share of the global Anhydrous Dibasic Calcium Phosphate market in terms of value due to high demand from the food and pharmaceutical industries. Asia Pacific is the fastest growing regional market supported by expanding meat production and increasing health awareness in countries such as China and India.
Geographical Regions
The Asia Pacific region is concentrated in terms of the value share of the Anhydrous Dibasic Calcium Phosphate market owing to rising meat consumption in developing nations like China and India coupled with growing health consciousness.
The Latin America region possesses the fastest growing geographical region for the Anhydrous Dibasic Calcium Phosphate market over the forecast period. This can be attributed to increasing meat exports from Brazil and Argentina as well as a burgeoning middle class demanding more nutritious food products.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
