| Source: FACT.MR
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Rockville, April 12, 2023 (GLOBE NEWSWIRE) — As per the latest estimates by Fact.MR, a market research and competitive intelligence provider, the global monocalcium phosphate market is valued at US$ 4.2 billion in 2023 and is predicted to increase at a CAGR of 5% from 2023 to 2033.
Monocalcium phosphate is a chemical compound with the molecular formula CaH4P2O8 and is used in various end-use industries, including food, health, dietary supplements, and feed. In the food industry, it is used as a raising ingredient to chemically leavened bakery items. Additionally, it can be added as an acidulant and buffer to dry drinking mixtures.
Rising meat consumption across the globe is expected to boost the use of monocalcium phosphate as a feed supplement for livestock. Increasing prevalence of calcium deficiency-related disorders is expected to generate potential opportunities for monocalcium phosphate market players.
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The body uses calcium and phosphorus for a variety of processes, including DNA synthesis and bone growth and maintenance, making these minerals vital for human health. The lack of calcium and other vital elements in the human body leads to many disorders, including osteoporosis, rickets, and others.
As people’s awareness of these conditions grows, calcium supplements with dicalcium phosphate are becoming widely known. Because of this, many food product manufacturers use dicalcium phosphate as a nutritional supplement to meet the dietary needs of their customers.
Key Takeaways from Market Study
“The global monocalcium phosphate market is progressing steadily due to large-scale use of food-grade calcium phosphate in the production of bakery products,” says a Fact.MR analyst.
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Competitive Landscape
Leading companies in the monocalcium phosphate market are also focusing on introducing cost-effective products to earn more. Manufacturers of monocalcium phosphate are consistently concentrating on making significant investments in R&D projects to find novel formulations and low-cost manufacturing technologies.
Recent Market Developments
Leading companies in the monocalcium phosphate market are also focusing on introducing cost-effective products to earn more. Manufacturers of monocalcium phosphate are consistently concentrating on making significant investments in R&D projects to find novel formulations and low-cost manufacturing technologies.
Key Segments of Monocalcium Phosphate Industry Research
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global monocalcium phosphate market, presenting historical demand data (2018 to 2022) and forecast statistics for the period (2023 to 2033).
The study divulges essential insights on the market based on form (powder, liquid), application (fertilizers, food production, beverages, animal feed), and functional use (additives, leavening agents, acid components), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).
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Key Questions Covered in the Monocalcium Phosphate Market Report
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