Global Monocalcium Phosphate Market 2024-2031

Global Monocalcium Phosphate Market 2024-2031

Global Monocalcium Phosphate Market Size, Share & Trends Analysis Report by Form (Liquid and Powder) by Functional Use (Additive, Leavening agent, and Acid component) By Application (Fertilizers, Food and Beverages, Animal Feed, Nutraceutical and Pharmaceutical, and Others) Forecast Period (2024-2031)

The global monocalcium phosphate market is anticipated to grow at a significant CAGR of 11.2% during the forecast period (2024-2031). The market growth is attributed to the increasing demand for monocalcium phosphate in the food industry and the animal feed sector globally. Monocalcium phosphate is widely used as a feed additive for aquaculture animals and livestock and poultry breeding animals. The additional amount in the feed is generally 1.0% to 2.0%.

Market Dynamics

Growing Demand for Food and Beverage

Food technology advancements are driving up demand for monocalcium phosphate, a leavening ingredient used in food and beverage products. The increased demand for processed foods has led to a rise in the need for monocalcium phosphate, which is used as an emulsifier, stabilizer, and leavening agent in these products. It is widely used to improve the quality, texture, and rising of baked goods, such as bread, cakes, and pastries. The requirement for fortified meals is driving the demand for monocalcium phosphate in the food industry. Furthermore, it is projected that in the future, there will be a greater demand for monocalcium phosphate as a fortifying ingredient owing to rising health concerns and an increased awareness of the benefits of calcium and phosphorus.

Increasing Improve Feed Conversion Ratios Using Monocalcium Phosphate

High-quality feed is used to its fullest potential in industrial livestock production to increase animal muscle mass and protein content, boost feed conversion ratios, and increase production efficiency. The production of feed additives must increase to meet the growing demand for high-quality compound feed as more farmers adopt industrial-scale animal operations.As a result, the market for monocalcium phosphate feed additives is growing due to rising milk and cow production. According to the Organization for Economic Co-operation and Development (OECD) report 2022, poultry meat is expected to represent 41.0% of all the protein from meat sources in 2030, an increase of 2.0% when compared to the base period. The global shares of other meat products are lower: beef (20.0%), pigmeat (34.0%), and sheep meat (5%).

Market Segmentation

Our in-depth analysis of the global monocalcium phosphate market includes the following segments form, functional use, and application.

Based on the form, the market is segmented into liquid and powder.

Based on the functional use, the market is segmented into additive, leavening agent, and acid component.

Based on the application, the market is segmented into fertilizers, food and beverages, animal feed, nutraceuticals and pharmaceuticals, and others.

Powder is Projected to Hold as the Largest Segment

The powder segment is expected to hold the largest share of the market. The primary factors supporting the growth include the increasing adoption of powdered feed monocalcium phosphate that permits the creation of homogeneous feed formulations. This consistency is crucial for ensuring that all creatures within the group or flock get the same levels of basic minerals, contributing to the uniform and consistent advancement of creatures. The utilization of powdered nourish phosphates leads to forward proficiency in feed plants. The ease of blending and uniform conveyance reduces preparing time and minimizes misfortunes amid manufacturing, contributing to cost savings for feed makers.

Animal Feed Segment to Hold a Considerable Market Share

The animal feed sub-segment is expected to hold a considerable share of the market. To produce feeds and animal nutrition correctors, monocalcium phosphate is utilized as a raw material supply of phosphorus. The needs of high-producing animals are met by the mineral-sourced phosphate in their diets, which enhances growth, fertility, and conversion index performance. The most widely used feed phosphates are dicalcium phosphate (DCP) and monocalcium phosphate (MCP), but tricalcium phosphate (TCP), monosodium phosphate (MSP), and magnesium phosphate (MgP) may be used as well.

Regional Outlook

The global monocalcium phosphate market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).

Increasing Demand for Monocalcium Phosphates in Europe

The regional growth is attributed to the growing demand for MCP in animal nutrition. Farmers can ensure proper nutrition for their cattle and increase production efficiency by adding MCP into animal feed formulas. The demand for MCP in the animal feed business is further fueled by its capacity to increase the digestibility of feed ingredients. According to the European Feed Manufacturers Federation (FEFAC), EU compound feed production (EU27) for farmed animals in 2023 is estimated at 144.3 million tons. Poultry compound feed production in 2023 displayed a more positive trend, with production increasing by 0.9 million tons compared to 2022.

Farm animals in the EU27 consumed an estimated 644.0 million tons of feed in 2021/2022, of which about 23.0% are produced by compound feed manufacturers. Turnover of the EU27 compound feed industry was estimated at €56.0 billion ($ 66.2 billion) in 2021.

North America Holds Major Market Share

Among all the regions, North America holds a significant share owing to numerous prominent monocalcium phosphate companies and providers such as Chivine Resources Inc., Master Plant-Prod Inc., and Pestell Nutrition Inc. in the region. The growth is attributed to the increasing demand for monocalcium phosphate in widespread applications across various industries including food and beverages, animal feed, pharmaceuticals, and agriculture. In the food industry, MCP is frequently used as a leavening agent in baking powders in the food sector, helping to produce baked items with the right texture and volume. It also acts as a nutritional supplement in foods that have been fortified, adding vital minerals like calcium and phosphorus to the product's enrichment. The demand for MCP in the food industry keeps rising as dietary trends move toward healthier options and fortified foods grow increasingly popular.

The major companies serving the global monocalcium phosphate market include EuroChem Group, The Mosaic Company, Nutrien Ltd., OCP Group, and Yara International ASA, among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market. For instance, in November 2023, Jordan Phosphate Mines Company (JPMC), Sinokrot Poultry Farms, and Saudi Poultry & Dairy Technology Trading Company collaborated to produce phosphate feed additives (monocalcium phosphate (MCP) and dicalcium phosphate (DCP) in Aqaba with a production capacity of up to 100,000 tons annually for JD15.0 million ($21.1 million).

Recent Development

In March 2024, EuroChem introduced a state-of-the-art phosphate fertilizer complex in Brazil. With a total project investment of nearly $1.0 billion, the new phosphate mine and plant complex was constructed and has an annual production capacity of 1.0 million tons of advanced phosphate fertilizers.