Calcium Phosphate Market Size

Calcium Phosphate Market size was over USD 1.06 Billion in 2023 and is likely to cross USD 2.32 Billion by the end of 2036, witnessing more than 6.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of calcium phosphate is estimated at USD 1.12 Billion. The growth of the market can be attributed to the growing agriculture sector owing to the growing demand for agricultural food. By 2050, the demand for food is anticipated to rise anywhere from about 58% to approximately 97% across the globe. This growth in demand for food can be attributed to the growing population. Since, the demand for food is growing, the use of bio-fertilizers is also estimated to increase, further boosting market growth.

However, the majority of soil management practices employed today rely on fertilizers with an inorganic chemical base, which poses a substantial risk to both human health and the environment. Given their potential contribution to food safety and sustainable crop production, the use of advantageous microorganisms as bio fertilizers has become of utmost importance in the agriculture industry. One of the most significant categories of these helpful microorganisms that significantly contributes to the synthesis of nutrients for crops is phosphate bio fertilizer. Hence, the demand for sustainable agriculture is estimated to be another major factor to boost the growth of the market.