Global Anhydrous Dibasic Calcium Phosphate Market, by Source (Hydrochloric Acid and Phosphoric Acid), by End-Use (Animal Feed, Food & Beverage, Agriculture, Pharmaceutical, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), is expected to be valued at US$ 171.9 million in 2020 and is estimated to exhibit a CAGR of 5.7% during the forecast period (2020-2027), as highlighted in a new report published by Coherent Market Insights.
Players in the market are focused on research & development of novel products, acquisitions, and collaborations to increase the consumer base. Companies are also focusing on joint agreements to strengthen their position in the global anhydrous dibasic calcium phosphate market.
For instance, in November 2018, Aphea.Bio and EuroChem Group collaborated under a R&D agreement for developing fertilizer technologies. This joint agreement uses data as well as samples from scientific field trials from several locations in Europe. EuroChem is focused on strengthening its market position and contributing to the overall market growth.
For instance, in January 2018, the Mosaic Company completed the acquisition of Vale Fertilizantes with an aim to expand its presence in Brazil and to meet the increasing global demand by increasing its production capacity of phosphate fertilizers. The company’s capacity of phosphate fertilizer production is now augmented to around 16.8 million tonnes.
Global Anhydrous Dibasic Calcium Phosphate Market - Impact Analysis of COVID-19
The COVID-19 outbreak has adversely affected the anhydrous dibasic calcium phosphate market. The temporary closing of several end-use industries has negatively impacted the growth of the global market. Many manufacturers of the industry are still working in these trying times to sustain and recover their losses due to the COVID-19 pandemic.
Browse 22 Market Data Tables and 25 Figures spread through 142 Pages and in-depth TOC on Anhydrous Dibasic Calcium Phosphate Market, By Source (Hydrochloric Acid and Phosphoric Acid), By End-Use (Animal Feed, Food & Beverage, Agriculture, Pharmaceuticals, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Forecast to 2027”
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There is considerable demand for dietary products in the North America region, which is estimated to facilitate the regional market growth. For instance, according to a survey conducted by the Council for Responsible Nutrition (CRN), about 77% of the Americans reportedly consumed dietary supplements in 2019.
Key Takeaways of the Anhydrous Dibasic Calcium Phosphate Market: