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Ferric Phosphate Market
Global Ferric Phosphate: Harnessing Iron's Potential in Food Fortification and Healthcare - Market Dynamics and Opportunities
Ferric Phosphate: Essential in food fortification and pharmaceuticals, witnessing steady growth owing to rising health consciousness.” - Exactitude Consultancy
LUTON, BEDFORDSHIRE , UNITED KINGDOM, March 15, 2024 /EINPresswire / -- "Innovative Market Solutions To Help Businesses Make Informed Decisions"
The latest study released on the global Ferric Phosphate Market evaluates market size, trend, and forecast to 2030. Rapid expansion in the agriculture, pharmaceutical and food & beverages sectors will propel the global iron phosphate market growth. Upsurge in the population rate resulting in the declining arable land availability, thus increasing product application scope in fertilizers. Increasing agricultural pest concerns and emerging new agrochemicals varieties will support the its penetration. Rising demand for crops along with more R&D investments in the agricultural sector will drive the business expansion.
The global ferric phosphate market is expected to grow at more than 5% CAGR from 2024 to 2030. It is expected to reach above USD 697 million by 2030 from USD 602 million in 2023.
Key Players in This Report Include:
Merck, American Elements, Jost Chemical Co., and ILVE Chemicals are among the key players. Spectrum Laboratory Products, Imperial Chem Corporation, Crest Industrial Chemicals, Hefei Asialon Chemical Co. Ltd., Aarvee Chemicals, and Charkit Chemical Corporation. and other.
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The Global Ferric Phosphate Market segments and Market Data Break Down are illuminated below:
Ferric Phosphate Market by Material, 2020-2030, (USD Million, Kilo Tons)
Ferrous Phosphate
Ferric Pyrophosphate
Ferric Phosphate Market by Application, 2020-2030, (USD Million, Kilo Tons)
Food & Beverage
Pharma
Animal Feed
Fertilizers
Paint And Coating
Steel Manufacturer
Regional and Country-level Analysis:
Asia Pacific accounted for more than 50% of the global iron phosphate market share in 2017. Escalation in the number of patients with iron deficiency will augment the product expansion. For instance, India is among the top nations in the world with high population rate that will result in an increased pharmacist's presence thus boosting the industry size. As per the FICCI 2018 report on Indian Pharma sector, India will become among the top 3 pharma markets over the next 5 years owing to the low cost and at scale manufacturing capability thus resulting an increase in the FePO4 business expansion.
Europe will witness a CAGR of over 4% in the forecast 2018 to 2024. Agricultural and pharmaceutical sector particularly in the countries such as Germany, UK, and France will augment the FePO4 penetration rate. Surging food & beverage segment including various bakery products such as breads, cakes, fresh creams, flavouring agents and sweeteners among the young population at a rapid pace will exhibit an amplification in the product demand. Thus, making an influence on the overall industry size.
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Table of content:
Chapter 1: Ferric Phosphate Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Global Market Competition by key players
Chapter 4: Global Production, Revenue (Value) by Region
Chapter 5: Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6: Global Production, Revenue (Value), Price Trend by Type
Chapter 7: Global Market Analysis by Application
Chapter 8: Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Global Ferric Phosphate Market Forecast
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