Calcium Phytate Market Size, Share, Growth, and Industry Growth by Type (Purity ≥98% and Purity ≥90%), By Application (Food Industry and Pharmaceuticals), Regional Forecast To 2031

Updated On: 08 April 2024

Calcium Phytate Market REPORT OVERVIEW

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The global calcium phytate market size was USD 3 million in 2021. As per our research, the market is projected to touch USD 4.46 million by 2031, exhibiting a CAGR of 3.7% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with calcium phytate experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

Calcium phytate is a complex agent of calcium salt of phytic acid. It is used for removing traces of heavy metal ions. It is a strong complexing agent of minerals such as calcium, iron, and others. This chemical can be used in many end-user industries such as food, feed, and pharmaceuticals. The molecular formula of the compound is C6H6Ca6O24P6. Also, it acts as a hypocalcemic agent.

Growing demand from food and feed industry is estimated to surge market growth. Growing need for effective pharmaceuticals is projected to drive market growth. Growing disposable income of population is anticipated to accelerate market growth. Rising awareness about the benefits of the chemical is estimated to expand market progress. Growth in the food sector in developing countries is expected to surge market growth during the forecast period.

COVID-19 Impact: Poor Supply Chain Disruption to Hamper Market Progress

An outbreak of COVID-19 pandemic minimized market growth. Unavailabity of employee and works due to lockdown restrictions halted production activities. Closer of chemical industries reduced market progress. Decline in supply chain disruption impacted market growth. Shutdown of food processing units reduced market development. Border closure impacted import and export activities.

On the contrary, increasing demand from pharmaceutical industries boosted market progress. High need for medicines and vaccines during the pandemic fosters market expansion. Growing demand from food and feed industry expanded market growth. Increasing demand for healthcare fueled market expansion.  

LATEST TRENDS

"Growth Demand for Antioxidant to Foster Market Growth"

Increasing need for antioxidant is estimated to surge market growth. The chemical protects against alcohol-related liver injury is predicted to accelerate market growth. It also helps elevate antioxidant potential which is estimated to surge market expansion. Growing demand for free radicals is projected to drive market growth during the forecast period. The chemical has capabilities to protect DNA from free radicals is anticipated to fuel market growth. Growing demand to repair DNA is anticipated to propel market growth. Increasing demand to reduce inflammation is estimated to expand market growth. Higher demand to increase bone mineral density is projected to drive market growth. The compound acts as a protective effect against osteoporosis. Such advantages of the chemical compound are anticipated to fuel calcium phytate market growth.

Calcium Phytate Market SEGMENTATION

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• By Type

Based on type, the market is divided into Purity ≥98% and Purity ≥90%.

Purity ≥98% services are expected to be the leading part of the segmentation type.

• By Application

Based on the application, the market is divided into food industry and pharmaceuticals

Food industry is expected to be the leading part of application segmentation.

DRIVING FACTORS

"Increasing Demand from Food and Feed industry to Incite Market Expansion"

Increasing need for the chemical compound in food industry is estimated to accelerate market growth. The compound is used as calcium source in food. They are found in a whole grain, nuts, legumes, potatoes, and seeds. Growing awareness about the anti-nutrients of the compound is anticipated to fuel calcium phytate market growth. Increasing need to binds minerals such as potassium, calcium, iron, and selenium is anticipated to boost chemical adoption during the forecast period. Higher adoption of processed food among consumers is projected to drive market in the forthcoming years.

"Increasing Demand to Protect Animal Health to Incite Market Growth."

Growing demand to prevent kidney stones in rats is estimated to surge market expansion. Increasing demand to reduce blood glucose levels in rats and mice is expected to accelerate market growth. Growing need to reduce Parkinson’s disease in animals is projected to drive market development. Further, the chemical compound helps to protect against neurodegenerative diseases, and Alzheimer is anticipated to fuel market growth. The compound acts as an anti-cancer against bone, skin cancers, prostate, ovarian, breast, colorectal, liver, and sarcomas. Such health benefits associated with the chemical compound are estimated to fuel calcium phytate market expansion during the forecast period. Growing demand to enhance supplements and pharmaceuticals are predicted to expand market growth. Increasing demand to protect the gut from toxins in pigs is estimated to fuel market growth. The compound helps reduce Triglycerides and increases high-density lipoproteins (HDL) in rats, which is anticipated to fuel market growth.

RESTRAINING FACTORS

"Growing Usage of Alterative Products to Hamper Market Expansion "

Presence of alternative products at low prices is expected to hamper market expansion. The reaction is very complex and requires professionals is anticipated to hinder market growth during the forecast period. The chemical compound that releases toxic gases harmful to humans is predicted to restrict market expansion. High cost associated with the chemical compound is anticipated to impact calcium phytate market growth.

Calcium Phytate Market REGIONAL INSIGHTS

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"Growth in Food and Feed Industry in North America to Drive Market Share "

North America is anticipated to dominate calcium phytate market share due to increasing demand from food and feed industry. Growing need for effective pharmaceuticals is projected to drive market growth. Growing disposable income of population is anticipated to accelerate market growth. Rising awareness about the benefits of the chemical is estimated to expand market progress. Increasing demand to protect animal health is predicted to surge market expansion during the forecast period.

Asia Pacific is anticipated to expand market growth due to increasing government subsidiaries from end-user industries. Growing disposable income of the population in the region is anticipated to accelerate market growth. Rising awareness about the benefits of the chemical is estimated to expand market progress. Increasing demand to protect animal and human health is predicted to surge market expansion during the forecast period. Presence of market players in the region is anticipated to fuel calcium phytate market expansion.

KEY INDUSTRY PLAYERS

"Leading Players Adopt New Development Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Refine Bio-Chem (China)
• Hebei Yuwei Biotechnology (China)
• Tongxiang Xinyang Food Additives (China)
• Haihang Industry (China)
• Shengjin Technology (China)

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.