Anhydrous dibasic calcium phosphate is an odorless and tasteless powder that has high solubility and bioavailability for calcium and phosphorus. It is commonly used as a nutritional supplement and food additive. Anhydrous dibasic calcium phosphate acts as a calcium and phosphorus supplement which helps build and maintain strong bones and teeth. It is also utilized in various pharmaceutical and nutraceutical products as an anticaking and glidant agent.
The global Anhydrous Dibasic Calcium Phosphate Market is estimated to be valued at US$ 213.5 Mn in 2023 and is expected to exhibit a CAGR of 12% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The rising demand for nutraceuticals and nutritional supplements globally has emerged as a key driver for the growth of anhydrous dibasic calcium phosphate market. According to a report by Global Industry Analysts, the global nutraceutical market was valued at USD 278.5 billion in 2022 and is projected to reach USD 703.8 billion by 2030, growing at a CAGR of 10.3% from 2023 to 2030. Anhydrous dibasic calcium phosphate is widely used as an indispensable mineral supplement in various nutraceutical formulations such as tablets, capsules, gummies and drinks for bone and dental health. The growing awareness regarding preventive healthcare and health benefits of nutritional supplements is fueling the demand for anhydrous dibasic calcium phosphate globally.
SWOT Analysis
Strength: Anhydrous dibasic calcium phosphate offers high purity and neutral pH which makes it suitable for a wide range of applications in end-use industries like food and beverage, pharmaceutical and others.
Weakness: Fluctuations in raw material prices impacts the overall production cost of anhydrous dibasic calcium phosphate.
Opportunity: Growing demand from the food additive industry due to rising consumption of packaged food items presents lucrative opportunities for market growth.
Threats: Stringent regulations regarding the use of chemicals in food and pharmaceutical sectors poses challenges.
Key Takeaways
The Global Anhydrous Dibasic Calcium Phosphate Market Size is expected to witness high growth. The global Anhydrous Dibasic Calcium Phosphate Market is estimated to be valued at US$ 213.5 Mn in 2023 and is expected to exhibit a CAGR of 12% over the forecast period 2023-2030.
The Asia Pacific region currently dominates the global market and is expected to maintain its lead over the forecast period. Rising population, increasing disposable incomes and growing health consciousness in countries like India and China are driving the demand for packaged food and pharmaceutical products which in turn is propelling the anhydrous dibasic calcium phosphate market in the region.
Key players operating in the anhydrous dibasic calcium phosphate market are Anker, Duracell, EcoFlow, Goal Zero, Jackery, MAXOAK, NEXPON, Omnicharge, ORYTO, OUTXE, Pisen, RavPower, Rockpals, Samsung, Suaoki, X-DRAGON, Zendure, RIVER, Crave, Intova. Anhydrous dibasic calcium phosphate manufacturers are focussing on capacity expansion plans to cater to the rising demand. Partnerships and collaborations with end-use industries is another key strategy being adopted by players.
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