Europe Dicalcium Phosphate Market is predicted to reach USD 820.5 million at a CAGR of 5.8% during the forecast period 2024-2030
Europe Dicalcium Phosphate Market Trends, Growth, Forecast 2030 | MRFR
Market Research Future (MRFR) has published on the “Global Europe Dicalcium Phosphate Market”.
The Dicalcium phosphate market is estimated to register a CAGR of 5.8% during the forecast period of 2024 to 2030.
MRFR recognizes the following companies as the key players in the Europe Dicalcium Phosphate market—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.
Europe Dicalcium Phosphate Market Highlights
The Europe Dicalcium Phosphate market is accounted for to register a CAGR of 5.8% during the forecast period and is estimated to reach USD 820.5 million by 2030.
European countries have experienced significant growth in livestock production over recent decades, driven by increasing demands for meat, milk, and eggs. With higher levels of livestock comes a greater need for high-quality feed ingredients like DCP, which help maintain animal well-being and support increased output. For instance, poultry farmers rely heavily on DCP to meet the livestock’s dietary requirements and promote healthy skeletal development. The EU's livestock population is vast, with 134 million head of pigs, 75 million head of bovine animals, and 70 million head of sheep and goats at the end of 2022. With such many animals to feed, the demand for high-quality feed ingredients like DCP is expected to remain strong.
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Segment Analysis
The Europe Dicalcium Phosphate market has been segmented based on Form, Application, End-Use and Country.
The Europe Dicalcium Phosphate market segmentation, based on Form has been segmented as Granules and Powder. Among these, the Powder segment is anticipated to dominate the Europe Dicalcium Phosphate market revenue through the projected period as estimated by MRFR analysts. The powder form of dicalcium phosphate facilitates its easy incorporation in food processing. Also, it is used in fertilizers for enriching the soil with essential nutrients. The powdered form of the product is used as an excipient in capsule and table formulations and thus is used significantly in pharmaceutical industry.
In the Application segment, the market is categorized as Food & Beverage, Animal Feed, Pharmaceutical, Agriculture, Dietary Supplements and Other Applications. Out of which the Animal Feed segment held the maximum share in the base year market and is also expected to be holding a significant share in the forecasted period as well. The increasing demand for products such as meat and milk are creating a higher need for efficient animal nutrition solutions and this factor is driving the demand for dicalcium phosphate substantially. The product plays a significant role in supporting the health, productivity and growth of the animals due to which its demand is propelling.
The Europe Dicalcium Phosphate market segmentation, based on End-Use has been segmented as Food Industry, Animal Feed Industry, Pharmaceutical Industry and Others. Among these, the Animal Feed Industry segment is anticipated to dominate the Europe Dicalcium Phosphate market. Dicalcium phosphate is an economical and reliable option for supplementing the diets of animals without affecting the nutritional quality. The growing use of dicalcium phosphate in the animal feed sector is highly driven by its cost effectiveness, feed efficiency improvements and nutritional benefits offered by it.
Country Analysis
By Country, the Dicalcium phosphate market is segmented into Germany, UK, France, Russia, Spain, Netherlands, Serbia, Bulgaria, Georgia, Romania, Turkey, Austria, Ukraine, Moldova, Hungary, Belgium, Czechia, Greece, Portugal, Sweden, Slovakia, Macedonia. The Germany Dicalcium phosphate market holds a considerable market share and is also forecasted to hold the largest share during the forecast period. Germany is one of the significant exporter and importer of agricultural products and thus the need for dicalcium phosphate is growing in the country owing to the significant applications of the product in the agricultural sector. Further, the growing emphasis on animal nutrition is contributing to the increasing adoption of feed ingredients such as dicalcium phosphate.
Key Findings of the Study
- The Europe Dicalcium Phosphate market is expected to reach USD 820.5 million by 2030, at a CAGR of 5.8% during the forecast period.
- The Germany country accounted for the fastest-growing market.
- Based on Form, the Powder segment was attributed to holding the largest market in 2023.
- Based on Application, the Animal Feed segment was attributed to holding the largest market in 2023.
- Based on End-Use, the Animal Feed Industry segment was attributed to holding the largest market in 2023.
- 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 are the key market players.