Monocalcium Phosphate Market

Monocalcium Phosphate Market Synopsis

The global monocalcium phosphate market was valued at USD 2.5 billion in 2023 and is expected to grow from USD 2.6 billion in 2024 to USD 4.1 billion by 2033, reflecting a CAGR of 4.9% over the forecast period.

Monocalcium phosphate has widespread applications in agriculture and the food industry that create a strong momentum for its market. In agriculture it is a valuable material for animal feeds and fertilizers owing to its high phosphorous content that promotes animal growth and increases soil fertility. In food, it is widely used as a leavening agent in baking. Population in the world and demand for protein diets are increasing the consumption of compound feed and consequently the demand for monocalcium phosphate. Rising economies in Asia-Pacific and in Latin America are driving this growth with the former being boosted from: expanding livestock industry and agricultural activities. The market itself is challenged by issues like impact on the environment because of phosphate mining and the issue of fluctuations of raw materials’ prices.

Monocalcium Phosphate Market Driver Analysis

Rising Demand for Animal Feed Supplements

Monocalcium phosphate is a major source of phosphorus needed in animal nutrition especially; as a primary source of phosphorus which is an important mineral in the growth and development of livestock. Phosphorus is essential for bone formation, metabolism of energy and cellular processes. When in the form of monocalcium phosphate, it is important when added to animal feed to make sure that animlas get the sufficient and essential amount of the nutrient, which is especially important to young and actively growing animals. It enhances strong bones and teeth, enhances feed efficiency, promotes reproductive health, and overall productivity. It aids in improving nutrient absorption and the metabolic rate which will all lead to healthier animals and improved performance in meat, milk and egg production. Being highly preferred by the livestock industry because of its high bioavailability and solubility, this is an effective phosphate supplement.

Monocalcium Phosphate Market Restraint Analysis

Competition from Alternative Feed Phosphates

Products such as dicalcium phosphate (DCP) and tricalcium phosphate (TCP) can act as substitutes in place of phosphorus and calcium in feed and fertilizers for animals, which affect demand for monocalcium phosphate (MCP). These options are applied in the same area mainly in the livestock nutrition where they promote bone development and play a role in metabolic functions. Depending on cost, availability, solubility and phosphorus content of the MPC feed manufacturers may employ DCP or TCP. For instance, DCP is well out in some feed formulations because of its balance in calcium and phosphorus, while TCP has a high percentage of calcium. Consequently, if these substitutes are available in the marketplace, they impose competitive force on MCP’s producers, and could moderate its market expansion, in areas where the pricing or care regulations are more considerate.

Monocalcium Phosphate Market Opportunity Analysis

Rising Focus on Precision Nutrition in Animal Feed

Customized feed formulations that target a species’ relative nutritional demands, age, and ambitions in terms of production are gaining a lot of attention in the livestock industry. With increased focus of producers on enhanced efficiency, health, and growth performance, the need for high quality, bioavailable nutrients is on the rise. In this regard, monocalcium phosphate (MCP) is preferred because of the high availability and digestibility of phosphorus and compared to other sources of phosphate. Its solubility facilitates improved digestion in animals’ digestive tracts hence better nutrient/usage as well as minimization of phosphorus waste into the environment. This is consistent with economic and sustainability goals in modern animal husbandry. With the emphasis placed by feed manufacturers to achieve precision nutrition and cost effective performance, the demand in reliable phosphate sources such as M CP continues to increase.

Monocalcium Phosphate Market Trend Analysis

Shift Toward Organic and Sustainable Farming

Increasing attention is being paid to stimulating adoption of cleaner more efficient fertilizers and feed ingredients in both agriculture and animal husbandry. This change results from mounting environmental concerns, emerging regulations, and necessity for sustainable resource management. In the production of livestock, cleaner feed additives such as monocalcium phosphate are used because they are absorbed better (human-availability) and excrete less phosphorus, thereby reducing the external impact of animal farming. Similarly, improved fertilizers with minimized nutrient washouts and improved soil health are taking root in crop production. This trend is in favor of the development and implementation of highly advanced phosphate products that increase productivity as well as match the global sustainable targets.

Monocalcium Phosphate Market Segment Analysis

The Monocalcium Phosphate Market is segmented on the basis of Raw Material, Application, and Functional Use.

By Raw Material

o   Powder

o   Liquid

By Application

o   Fertilizers

o   Food Production

o   Beverages

o   Animal Feed

o   Other Applications

By Functional Use

o   Acid Components

o   Leaveing Agents

o   Additives

By Region

o   North America (U.S., Canada, Mexico)

o   Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

o   Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

o   Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)

o   Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)

o   South America (Brazil, Argentina, Rest of SA)

By Raw Material, Powder Segment is Expected to Dominate the Market During the Forecast Period

The raw materials discussed in this research study, the powder segment is expected to account for the largest market share of powder market in the forecast period. Powdered monocalcium phosphate is highly favored in the animal feed industry because; there is an even distribution with other feed components thus uniform mixing, hence chances of improved absorption in livestock is wide. Its fine texture makes it easy to blend into both feed and fertilizer formulations therefore enabling manufacturer versatility. The powder form also has many advantages in storage and transportation as it cannot cak and degrade than others. These real life benefits in addition to increasing demands in agriculture and animal nutrition, are helping the segment to have leading market share and is expected to grow.

By Application, the Fertilizers Segment is Expected to Held the Largest Share

The fertilizers segment is likely to dominate the market on account of the increasing global demand for better and nutrient-rich agricultural inputs. Monocalcium phosphate is an excellent source of the necessary nutrient, phosphorus, which supports plant root development, flowering, as well as increased plant growth. Its high solubility makes it a perfect fertilizer for the granular and water soluble fertilizers, especially in soils deficient in phosphorus. With the global population still on the increase, the need to improve agricultural productivity and have food security is compelling more and more farmers to use the high performing fertilizers. Further, initiatives by the government in favor of sustainable farming and balanced fertilization are making people favorable to phosphorus fertilizers such as monocalcium phosphates.

By Functional Use, the Additives Segment is Expected to Held the Largest Share

By functional use, the additives segment is anticipated to hold the largest share of the monocalcium phosphate (MCP) market during the forecast period. This supremacy can be attributed to the versatility of MCP in being used as an additive in different fields; food, beverages, pharmaceuticals, animal feed etc. In the food industry, MCP is a leavening agent, a stabilizer and a mineral fortifier and improves the texture, flavor and nutritional value of baked goods and processed foods. Its contribution to quality and shelf life of products has meant increased adoption of the technology in food processing applications. In the field of animal nutrition, MCP is a critical feed supplement that provides livestock with important sources of phosphorus and calcium thus contributing to development of bones and body as a whole. The increasing need of high quality animal feed and fortified food products is causing of an increase in hyper market’s MCP market share in the additives segment.

Monocalcium Phosphate Market Regional Insights

Asia Pacific is Expected to Dominate the Market Over the Forecast period 

Asia Pacific region is expected to dominate the monocalcium phosphate market over the forecast period due to strong demand from both the agriculture and animal feed sectors. Rapid population growth, urbanization and rising meat and dairy consumption levels in countries like China, India and countries in the southeast Asia have led to higher demands for the urgent demand for raising livestock productivity and hence increased demand for good feed additives in forms of monocalcium phosphate. In addition, a large agricultural base and increasing attention on increasing the yield of crops with the help of resource rich fertilizers in the region is also contributing towards increased market expansion. Government programs that encourage sustainable farming and modern feed practices also add to the dominance of the area. Both Asia Pacific’s economic growth and extension of agricultural activities into the region, coupled with increasing food security concerns, will make Asia Pacific the major engine for global monocalcium phosphate demand.

Recent Development

In February 2022, EuroChem Group’s successful acquisition of the Brazilian phosphate project, Serra do Salitre, has strengthened its position in phosphate development and is anticipated to significantly enhance animal feed phosphate sales in the coming years.

Active Key Players in the Monocalcium Phosphate Market

o   Mosaic

o   OCP Group

o   Yara International

o   Quimpac SA Business

o   Ecophos

o   Fosfitalia

o   AG Chemi Group

o   Foodchem International Corporation

o   CKL Africa Ltd.

o   Nordfeed

o   EuroChem

o   Arevin

o   Intersac

o   Pangoo International Limited

o   Polifar Group Limited

o   Other Key Players

Global Monocalcium Phosphate Market Scope