by The global Calcium Hypophosphite Market is estimated to be valued at US$ 225.4 Mn in 2023 and is expected to exhibit a CAGR of 5.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Calcium Hypophosphite is an inorganic chemical compound used as a reducing agent and flame retardant. It is a stable crystalline solid and finds application in food, pharmaceutical and chemical industries due to its favorable properties such as low toxicity, thermal stability and cost effectiveness.
Market key trends:
Calcium Hypophosphite is mainly used as reducing agent in food applications such as preventing browning in potatoes, apples, shrimp, fish and potato products. It reduces enzymatic and non-enzymatic browning by inhibiting oxidative enzymes. The growing demand for convenience and processed food has fueled the use of Calcium Hypophosphite as browning inhibitor. Furthermore, stringent government regulations regarding the use of calcium hypophosphite in food products due to its low toxicity shall further aid the market growth over the forecast period.
Segment Analysis
The global calcium hypophosphite market is segmented on the basis of form and end-use. By form, the market is divided into solid and liquid. The solid segment dominates the global market, owing to its high usage in animal feed applications where calcium hypophosphite is used as a feed additive.
Key Takeaways
The Global Calcium Hypophosphite Market is expected to witness high growth, exhibiting a CAGR of 5.8% over the forecast period, due to increasing demand from animal feed industry.
Regional analysis
Asia Pacific dominates the global calcium hypophosphite market with a share of around 40%, led by countries like China and India. This is attributed to the large animal feed production in the region. North America and Europe are other major markets for calcium hypophosphite, mainly driven by developed agrochemical sector.
Key players
Key players operating in the calcium hypophosphite market are Solvay SA, Nippon Chemical Industrial Co., Ltd., Hubei Xingfa Chemicals Group Co., Ltd., Sigma-Aldrich (Merck KGaA), LANXESS AG, Jiangxi Fuerxin Pharmaceutical & Chemical Co., Ltd., Nantong Xinbang Chemical Technology Chemical Co., Ltd., Triveni Chemicals, HBCChem, Inc., TCI Chemicals (Tokyo Chemical Industry Co., Ltd.), American Elements, Shanghai Worldyang Chemical Co., Ltd., Alfa Aesar (Thermo Fisher Scientific Inc.), Finetech Industry Limited, Shanxi Lanhua Sci-Tech Venture Co., Ltd.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
