Europe Dicalcium Phosphate Market Forecast to 2032
The European dicalcium phosphate market was valued at USD 966.1 million in 2022 and is predicted to reach USD 820.5 million by 2030, growing at a CAGR of 5.8%. In terms of volume, the Europe dicalcium phosphate market was valued at 695.5 kilo tons in 2022 and is expected to grow to 1023.2 kilo tons by 2030, at a CAGR of 3.9% during the study period. Dicalcium phosphate is commonly used as a feed supplement for cattle and poultry. The growing demand for meat and dairy products is fueling the expansion of the animal feed sector, which in turn increases demand for dicalcium phosphate.
Market Segment InsightAccording to MRFR study, the European dicalcium phosphate market is split by form, application, end-user, and country. The market is divided into two segments based on form: liquid and powder.
The powder segment had a considerable market revenue share of 77.1% in 2022 and is predicted to increase at a 5.9% CAGR over the forecast period. Powder DCP is used in a variety of sectors, including animal feed, fertilizers, food and beverage, pharmaceuticals, and construction materials like as cement and plaster. Its adaptability makes it a popular choice among producers and consumers. Powder DCP, unlike liquid DCP, is easier to handle, store, and transport due to its solid nature. This trait lowers transportation costs and increases logistical efficiency.
The Europe dicalcium phosphate market is segmented by application: food and beverage, animal feed, pharmaceutical, agricultural, nutritional supplements, and others. The animal feed application segment had the greatest market revenue share of 28.4% in 2022, and it is estimated to grow at a CAGR of 5.9% over the forecast period. Dicalcium phosphate is a popular animal feed ingredient because it contains calcium and phosphorus, both of which are necessary minerals for animal growth and development. It also aids in the maintenance of optimum pH balance in the animal's digestive system, which is necessary for nutritional absorption. Furthermore, dicalcium phosphate can increase the palatability of feed, making it more appealing to animals, and can aid in the development of strong bones and teeth in animals.
The European dicalcium phosphate market is divided into four segments based on end use: food, animal feed, pharmaceutical, and others. In 2022, the animal feed industry dominated the market, accounting for 43.1% of total revenue, and is expected to increase at a CAGR of 6.4% over the forecast period. Livestock farmers are becoming increasingly conscious of the relevance of animal nutrition in improving animal health, performance, and overall product quality. Dicalcium phosphate is an important element in animal feed formulations because it contains key nutrients such as calcium and phosphorus, which are necessary for bone growth, metabolism, and overall animal health.
The market is divided into countries, including 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 held the greatest market revenue share of 18.2% in 2022 and is predicted to grow at a CAGR of 10.12% over the forecast period. Germany has a thriving animal business, particularly in the poultry and swine sectors, which are key users of dicalcium phosphate. The country's emphasis on animal nutrition and health fuels the increasing demand for dicalcium phosphate in animal feed formulations.
Major PlayersThe market's leading players are 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.