Europe Monocalcium Phosphate Market Forecast to 2032

Europe Monocalcium Phosphate Market Forecast to 2032

The Europe monocalcium phosphate market was valued at USD 477.4 million in 2022 and is predicted to grow to USD 473.4 million by 2030, with a CAGR of 4.20%. In terms of volume, the Europe monocalcium phosphate market was valued at 331.8 kilo tons in 2022 and is expected to grow to 484.8 kilo tons at a CAGR of 3.02% over the study period. Monocalcium phosphate has an average hygroscopic quality, is a white or gray powder, and dissolves in water. Monocalcium phosphate is made using specially synthesized phosphoric acid and calcite material. It is formed when natural minerals react to produce high-quality phosphoric acid, which must first be mined, processed, and purified. It has been established that a specific intake of monocalcium phosphate or other phosphate salts benefits both human and animal health. Furthermore, monocalcium phosphate is commonly utilized as a fertilizer in the agricultural industry. Phosphorus is a vital component of plant nutrition that contributes to crop growth and development. Phosphorus is essential for processes including as energy transfer, photosynthesis, and root formation. Thus, by giving phosphorus to the soil, monocalcium phosphate fertilizers assist ensure that plants have access to this essential nutrient.

Marketing Segmentation
According to MRFR study, the European monocalcium phosphate market is split by form, application, end-user, and country. The market is divided into two segments based on form: granules and powders. The powder segment had a considerable market revenue share of 53.8% in 2022 and is predicted to increase at 4.28% CAGR over the forecast period. Monocalcium phosphate in powder form is extremely versatile and straightforward to utilize in a variety of applications. It is available as a free-flowing powder or minute granules, making it easy to combine with other components. This type of monocalcium phosphate is commonly used in the food business, notably in baking, as a leavening agent. It combines with baking soda to produce carbon dioxide, which provides the proper aeration and volume in baked goods like cakes and cookies.

The Europe monocalcium phosphate market is segmented into fertilizers, leavening agents, food and beverage additives, animal feed additives, and other uses. The animal feed additive application segment held the biggest market revenue share of 50.5% in 2022, and it is estimated to grow at a CAGR of 4.33% over the forecast period. Monocalcium phosphate has been shown to improve feed efficiency in animals. It increases the body's use of carbohydrates, proteins, lipids, minerals, and energy, resulting in greater nutritional absorption and utilization. Monocalcium phosphate improves feed efficiency, which helps to maximize animal growth, save feed costs, and increase overall production in livestock and poultry husbandry.

The European monocalcium phosphate market is divided into four segments based on end use: animal feed, food industry, agricultural, and others.
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 18.3% in 2022 and is predicted to grow at a CAGR of 4.51% over the forecast period.

Major Players
Phosagro, OCP Group, EuroChem Group, Yara International, Phosphea, Fosfitalia S.P.A., J.R. Simplot Company, Innophos, and Prayon (Ecophos) are the major players in the European monocalcium phosphate market.