Tri Calcium Phosphate Market Size, Share to Grow at a CAGR of 4.83% until 2032 | ChemAnalyst

NEW YORK - Dec. 29, 2022 - PRLog -- According to ChemAnalyst report, "Global Tri Calcium Phosphate Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2032" The Tri Calcium Phosphate market witnessed steady growth in the historical years and is estimated to reach a market volume of 320 thousand tonnes with a CAGR of 4.83% until 2032. The rising demand of Tri Calcium Phosphate by industries like Food Additive, Pharmaceuticals, Agriculture, and Others are anticipated to boost the demand of Tri Calcium Phosphate in the forthcoming years.

Tri-Calcium Phosphate, also referred to as Tri-Basic Calcium Phosphate and bone phosphate of lime, is a white, crystalline powder. Tri-Calcium Phosphate is a phosphoric acid salt with chemical formula Ca3(PO4)2. It is mostly used to increase the calcium content of food. It is used in a number of different sectors, including those that make toothpaste, baby powder, water purifiers, porcelain coatings, nutritional supplements, knee replacement materials, and food and beverage additives. The pharmaceutical industry consumes Tri-Basic Calcium Phosphate as diluents. Diluents are added to capsules or tablets to increase stability, making the product easier to handle and swallow.

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The use of Tri Calcium Phosphate in the Food Additive industry is the main market growth driver in this sector. In 2021, this industry accounted for approximately 40% of the global market. As a food additive, Tri Calcium Phosphate acts an emulsifier low-fat foods and beverages, including soymilk, creaminess, and opacity. It works as an acidity regulator in beverages like yoghurts and fruit juices.  Tricalcium phosphate consumption is expected to grow globally owing to the market growth for ready-to-eat food products and chewable nutrients to address nutritional deficiencies driven by the growing population. Tri-calcium phosphate works well as a nutritional supplement since the body can easily absorb it, which is another reason why Tri Calcium Phosphate is added in food items. Furthermore, its demand from the pharmaceutical industry is anticipated to further swell up the demand of Tri Calcium Phosphate in the forecast period by 2032.

The major players operating in the global Tri Calcium Phosphate are Hebei Yuwei Biotechnology Co.Ltd., Zhucheng Haotian Pharm Co.Ltd., Hubei Lianxing Chemical Co.Ltd, Hubei Xingfa Chemicals Group Co.Ltd, and Others.