The global calcium phosphate market is expected to grow at a CAGR of 5.60% during the forecast period. Based on the end-user, the global calcium phosphate market has been segmented into agriculture, animal feed, food and beverages, pharmaceuticals, water treatment, and other end-users.
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In the agriculture industry, calcium phosphate is used to manufacture fertilizers. Calcium phosphate is widely used in fertilizers to improve calcium deficiencies in plants. Moreover, it helps plants to absorb micronutrients in the form of phosphorus. It improves plant growth and increases the fertility of the soil. Increasing demand for fertilizers will drive the demand for calcium phosphate during the forecast period.
Countries such as China, India, Indonesia, Malaysia, Brazil, the US, and Hungary are leading markets for fertilizers. These countries use calcium phosphate-based fertilizers to improve plant growth and increase crop productivity. The agriculture industry is expected to witness higher demand for calcium phosphate as a fertilizer to improve the soil quality. This is due to the rise in the population in these countries, which drives the demand for food. This, in turn, will increase the demand for calcium phosphate-based fertilizers, which is expected to drive the growth of the global calcium phosphate market during the forecast period.
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