Calcium Phosphate Market Regional Analysis:
APAC Market Insights
Asia Pacific industry is expected to dominate majority revenue share of 31% by 2035, backed by growing demand for chicken, along with growing focus on animal’s health. China produced the most chicken meat in the Asia-Pacific area in 2020, at around 14 million metric tons. Moreover, along with growing meat production the focus of people on nutritional based diet is also growing which usually contains all agriculture crops. Hence, the agriculture activity is estimated to boost the demand for bio-fertilizers. Additionally, governments in various economies have been encouraged to promote bio-fertilizers owing to the growing concern over poor soil quality caused by excessive use of chemical fertilizers and their potential negative effects on human health. To encourage farmers to use bio-based fertilizers, governments in a number of agro-dominant nations in Asia Pacific region are implementing a variety of plans, schemes, and other activities. Also, the growing food & beverage industries in this region is also estimated to boost the growth of the market.
North American Market Insights
The North America calcium phosphate market, amongst the market in all the other regions, is projected to grow with the highest CAGR during the forecast period. The growth of the market in this region can be attributed to large number of people getting conscious regarding health. Hence, owing to this their demand for nutritional food is growing. Moreover, presence of key pharmaceutical industries in this region is also estimated to boost the growth of the market. The region's advanced healthcare system and ageing population are anticipated to have a beneficial impact on the pharmaceutical industry's expansion, which is anticipated to increase demand for calcium phosphate over the anticipated period in this region. Further, the market in this region is projected to be positively impacted and new opportunities for the expansion of this sector are anticipated as agricultural businesses and farmers become more aware of scientific ways to produce more and boost returns.
Europe Market Insights
Additionally, the market is Europe region is also estimated to have a significant growth over the forecast period, backed by increased government focus on public health and increased investment in the pharmaceutical sector in nations such as Germany, Spain, the United Kingdom, and Italy. Moreover, manufacturers' efforts to develop new medications are anticipated to improve demand for drug diluents, which is anticipated to increase calcium phosphate demand over the projected period. Additionally, rising health-care spending, along with government support, is estimated to boost market growth in this region.
