Product Code: ETC091907 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Calcium phosphates are widely used in the food, beverage and pharmaceutical industries as a dietary supplement, preservative, anti-caking agent and nutritive source. As calcium phosphate is an essential nutrient for bone health, its demand has been increasing in recent years. Additionally, Calcium Phosphate finds application in various other industries such as ceramic/glassmaking and animal feed manufacturing. Indonesia growing population coupled with rising middle income group that favors healthy lifestyle have boosted the demand for calcium phosphates? applications in their food products over the past few years.
The Indonesia market for calcium phosphates is expected to grow at a CAGR of 5% during 2025-2031 driven by increasing awareness about dieting supplements among people and government initiatives towards better healthcare facilities across the country. The increasing popularity of fortified foods also drives growth prospects of this industry as manufacturers use it as a stabilizing agent or emulsifier in packaged food products due to its low solubility characteristics. Moreover, Indonesia government?s strict regulations regarding adulteration of edible items further boosts the usage of Calcium Phosphate additives which provides assurance to consumers regarding product safety & quality control standards set by regulatory bodies like BPOM (Badan Pengawas Obat dan Makanan).
Growing investments by leading companies into R&D activities directed towards new product development based on bioavailability requirement will drive growth prospects over coming years owing to increased consumer preferences towards customized solutions that promote nutrition security along with better taste & packaging options offered by these players through innovation efforts undertaken at research centres established across major cities within Indonesia. Increasing disposable incomes accompanied with rise in purchasing power parity has allowed consumers access to wide range of nutritional sources previously unavailable due to lack off affordability issues thus presenting lucrative opportunities from untapped end user segments spread throughout rural markets located across different provinces within Indonesia.
The coronavirus pandemic has had a profound effect on the Indonesia calcium phosphates market. The outbreak of COVID-19 has led to disruption in global supply chain operations and slowed down the production and consumption of calcium phosphates in Indonesia. The decrease in demand from major end user industries such as food & beverage, feed, pharmaceuticals, personal care products etc., has adversely affected the market for calcium phosphates in Indonesia. Moreover, restrictions imposed by the government such as lockdowns have hampered economic activities which further dimmed the prospects of growth for this market.
One of the biggest challenges faced by producers of calcium phosphate is its relatively high cost compared to other ingredients used as nutritional supplements or additives. This makes it difficult for companies operating in this industry to compete with their counterparts who offer cheaper options. Additionally, stringent regulations regarding product safety and quality standards also pose a challenge to manufacturers operating in this space. Further, there are limited sources available locally that can be relied upon for obtaining raw materials necessary for producing these chemicals hence making them reliant on imports from other countries thus increasing costs associated with procurement and transportation expenses among others.
Some key players operating within the Indonesia Calcium Phosphate Market include PT Sarana Kimia Prima (SKKP), Anugrah Inhutama Perkasa (AIP), Megaglass Corporation Sdn Bhd., Indo Chemicals Ltd., Rekayasa Mesin Surabaya (RMS), Lotte Chemical Titan Tbk PT., Kansai Paint Co Ltd.etc