| Product Code: ETC091903 | Publication Date: Jul 2023 | Product Type: Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
The India calcium phosphates market import shipments demonstrated a consistent upward trajectory from 2020 to 2024, with a notable CAGR of 7.4%. The growth rate between 2023 and 2024 accelerated significantly by 15.3%, indicating a strong momentum and expanding market demand during this period.
The India calcium phosphates market is expected to witness a significant growth in the years to come. The demand for calcium phosphate is driven by rising awareness about bone health and its usage as an animal feed supplement. Additionally, the increasing applications of calcium phosphates in various industries such as food and beverage, pharmaceuticals, agriculture etc., will drive the market further.
India calcium phosphates market is driven by the growth in demand from food processing, animal feed and health supplement industries. The rising population, growing awareness regarding health and nutrition, increased spending on processed foods are some of the key factors driving the growth of this market. Additionally, increasing economic activity coupled with the growing disposable incomes of people has further boosted the consumption of convenience food products made with calcium phosphate such as baking powder, dough conditioner etc., thereby augmenting India calcium phosphates market.
The major challenge faced by manufacturers operating within this domain is meeting stringent regulations set up by authorities regarding quality control standards especially when it comes to exports since most countries have fairly strict rules when it comes to importing products made using certain chemicals or materials. This can be particularly challenging for small scale producers who lack adequate resources to comply with these regulations. Additionally, high manufacturing costs associated with producing certain types of calcium phosphates may also pose a problem while competing against cheaper alternatives offered by foreign players within India domestic market space.
Some key players operating within IndiaCalcium Phosphate market include BASF SE (Germany), Akzo Nobel N V (Netherlands), Tata Chemicals Ltd., Gujarat Heavy Chemicals Ltd., Deepak Fertilizers & Petrochemicals Corporation Ltd., The Mosaic Company (US) etc
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