|Product Code: ETC204216||Publication Date: Aug 2023||Product Type: Market Research Report|
|Publisher: 6Wresearch||No. of Pages: 60||No. of Figures: 40||No. of Tables: 7|
India Dicalcium Phosphate Market registered a growth of 132.99% in value shipments in 2022 as compared to 2021 and a decrease of -4.5% CAGR in 2022 over a period of 2017. In Dicalcium Phosphate Market India is becoming more competitive as the HHI index in 2022 was 2841 while in 2017 it was 3415. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on domestic production to meet its growing demand in Dicalcium Phosphate Market.
India is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Dicalcium Phosphate Market in 2022 was 0.51 while in 2017 it was 1.85. USA, Viet Nam, China, Germany and Japan were among the top players of the market in 2022, where USA acquired the largest market share of 45.45% with a shipment value of 5.45 million USD in 2022 USA also offered the product above the average market price, but remained at the leadership position indicating the trust it holds in the Dicalcium Phosphate Market. In 2017 USA had the largest market share of 48.39% with the shipment value of 3.28 million USD. The country was offering its product with an average price which is higher than the average market price offered in the country. Although USA offers its product above the market average price, it remained at the leadership position indicating the brand value it holds in the India Dicalcium Phosphate Market in 2017.
India is a major producer of dicalcium phosphate, with the compound used in various foods and industrial applications as an additive or filler. The market for dicalcium phosphate in India was valued at USD XX million in 2020 and is expected to grow at a CAGR of 7.2% during 2021-2026.
Growing demand from food processing industries due to its wide range of functionalities such as emulsifier, anti-caking agent, raising agent, acidity regulator etc., increasing disposable income among consumers leading to rising expenditure on processed foods are some of the factors driving market growth in India. Moreover, expanding veterinary industry coupled with growing awareness about animal health care is contributing significantly towards driving growth opportunities for dicalcium phosphate manufacturers across the country.
High cost associated with production process owing to stringent regulations enforced by authorities regarding safety standards may hinder market growth during forecast period. In addition, presence of substitutes such as mono calcium phosphates may pose challenges for manufacturers operating in this sector and can act as a restraint factor for overall industry expansion over analysis timeframe.
Some key players involved in manufacturing Dicalcium Phosphate products are India Farmers Fertiliser Cooperative Limited (IFFCO), Gujarat State Fertilizers & Chemicals Ltd (GSFCL), Kanoria Chemicals & Industries Ltd.(KCI) , Khaitan Chemicals & Fertilisers Ltd., Coromandel International Limited (CIL).
As majority of states imposed lock down restrictions due to covid 19 pandemic situation, manufacturing activities were severely affected which led to decrease in supply chain activities thereby hampering overall business operations across all sectors including pharmaceuticals and nutraceuticals which have been using large quantities DCP.
1 Executive Summary
2.1 Key Highlights of the Report
2.2 Report Description
2.3 Market Scope & Segmentation
2.4 Research Methodology
3 India Dicalcium Phosphate Market Overview
3.1 India Country Macro Economic Indicators
3.2 India Dicalcium Phosphate Market Revenues & Volume, 2021 & 2028F
3.3 India Dicalcium Phosphate Market - Industry Life Cycle
3.4 India Dicalcium Phosphate Market - Porter's Five Forces
3.5 India Dicalcium Phosphate Market Revenues & Volume Share, By By Application, 2021 & 2028F
4 India Dicalcium Phosphate Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5 India Dicalcium Phosphate Market Trends
6 India Dicalcium Phosphate Market, By Types
6.1 India Dicalcium Phosphate Market, By By Application
6.1.1 Overview and Analysis
6.1.2 India Dicalcium Phosphate Market Revenues & Volume, By By Application, 2018 - 2028F
6.1.3 India Dicalcium Phosphate Market Revenues & Volume, By Agriculture, 2018 - 2028F
6.1.4 India Dicalcium Phosphate Market Revenues & Volume, By Animal feed, 2018 - 2028F
6.1.5 India Dicalcium Phosphate Market Revenues & Volume, By Food and beverages, 2018 - 2028F
6.1.6 India Dicalcium Phosphate Market Revenues & Volume, By Pharmaceuticals, 2018 - 2028F
6.1.7 India Dicalcium Phosphate Market Revenues & Volume, By Others, 2018 - 2028F
7 India Dicalcium Phosphate Market Import-Export Trade Statistics
7.1 India Dicalcium Phosphate Market Export to Major Countries
7.2 India Dicalcium Phosphate Market Imports from Major Countries
8 India Dicalcium Phosphate Market Key Performance Indicators
9 India Dicalcium Phosphate Market - Opportunity Assessment
9.1 India Dicalcium Phosphate Market Opportunity Assessment, By By Application, 2021 & 2028F
10 India Dicalcium Phosphate Market - Competitive Landscape
10.1 India Dicalcium Phosphate Market Revenue Share, By Companies, 2021
10.2 India Dicalcium Phosphate Market Competitive Benchmarking, By Operating and Technical Parameters
11 Company Profiles