The Indian dicalcium phosphate market is anticipated to grow at a CAGR of 15.2% during the forecast period. The chemical comes in a variety of forms and is utilized in a variety of applications. The personal care industry's increasing need for the calcium phosphate to make oral care products such as toothpaste is projected to be a major driver of market growth. Further, calcium phosphate is extensively used as a dietary supplement for both humans and animals as a source of calcium and phosphorus. The chemical is either utilized as an addition to cereal and grain products or purchased as a meal supplement for this purpose. It is also nearly insoluble in water and is sometimes employed in the pharmaceutical business as a delayed-release component. It is used as an additive in the creation of enriched grain goods such as flour and maize meal, as well as breakfast cereals, pasta, and a variety of animal products including dog treats. It is also available as a single-ingredient meal supplement for both humans and animals. The compound is often provided in capsule or tablet form as part of a larger spectrum of trace minerals in this format. The substance is utilized as a mineral source in the pharmaceutical sector and has a wide range of applications in tablet manufacturing. It is most typically sold as a powdered veterinary supplement that can be mixed into regular animal feed. It is a simple and inexpensive material to utilize in many applications, thus propelling the growth of the market.
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Further, a pet or a companion animal is one with no special training for assisting an individual or for the company, amusement, psychological support, and so on. The most popular pets in India are dogs and cats. Other animals that are kept as a pet are the tortoise, rabbit, bird, fish, and so on. There are around two crore pet dogs in India. According to Pedigree, an animal feed manufacturer, the value of the food they consume is around $156.0 million per year and is expanding at a healthy rate. Around 19 million different household pets are kept in homes and around 0.6 million additional pets are adopted each year. Pet ownership has increased across the globe as a result of the COVID-19 pandemic, which compelled people to stay indoors for extended periods. Thus, increased adoption of pets as companions is contributing to the growth of the market as it offers an opportunity to the market vendors to produce dicalcium phosphate as it can be used as feed additives to provide increased bone and tissue development, and higher metabolism.
Market Coverage
Segment Covered-
Competitive Landscape- Koninklijke DSM N.V., Antera Agro Chem. and Bamni Proteins Ltd. among others.
Key questions addressed by the report
oDeviation from the pre-COVID-19 forecast
oMost affected segment
Indian Dicalcium Phosphate Market Report Segment
By Application
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