Iron Phosphate Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Iron Phosphate Market is Segmented by Type (Ferric Phosphate, and Ferrous Phosphate), Application (Food and Beverage, Pharmaceutical, Animal Feed, Fertilizers, Paints and Coatings, and Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers market size and forecasts for Iron Phosphate in revenue (USD Million) for all the above segments.

Market Snapshot

Iron Phosphate Market Size
Study Period: 2017-2027
Base Year: 2021
Fastest Growing Market: Asia-Pacific
Largest Market: Asia-Pacific
CAGR: >2 %
Iron Phosphate Market Key players

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Market Overview

The Global Iron Phosphate Market is projected to register a CAGR of 2% during the forecast period (2022-2027).

In 2020, the iron phosphate market was negatively impacted due to the COVID-19 pandemic, which resulted in decreasing demand across various applications and also the closing of various manufacturing facilities. However, the market is recovering gradually and is likely to reach pre-COVID levels soon.

  • Over the short term, the increasing demand from the food and beverage industries and the increasing demand from the pharmaceutical industry are some of the driving factors which are stimulating the market demand.
  • Developments in the agricultural sector such as bio-farming and the usage of organic pesticides are hindering the market's growth.
  • The growing usage for the separation of heavy metals is likely to provide opportunities to the market studied.
  • Asia-Pacific region is expected to dominate the market and is also likely to witness the highest CAGR during the forecast period.

Scope of the Report

Iron phosphate is an inorganic compound. The iron phosphate market is segmented by type, application, and geography. By Type, the market is segmented into Ferric Phosphate and Ferrous Phosphate. By Application, the market is segmented into Food and Beverage, Pharmaceutical, Animal Feed, Fertilizers, Paints and Coatings, and Other Applications. The report also covers the market size and forecasts for the iron phosphate market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD Million).

Type
Ferric Phosphate
Ferrous Phosphate
Application
Food And Beverage
Pharmaceutical
Animal Feed
Fertilizers
Paints and Coatings
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Increasing Demand from the Pharmaceutical Industry

  • Iron phosphate is used as one of the key ingredients in pharmaceuticals to treat patients with iron deficiency. Globally, anemia or deficiency of iron affects around 1.6 billion or approximately 25% of the population.
  • The rising health consciousness and higher disposable incomes spent on healthcare in the developed and developing nations are driving the demand for iron supplements. Furthermore, increasing consciousness among budding athletes and increasing popularity of calisthenics and karate that demand a better body metabolism is increasing the demand for iron supplements.
  • Furthermore, there has been a decrease in iron content naturally present in beef, other animal proteins, and plant-based foods. This is leading to greater demand for iron supplements and is driving the market for iron phosphate.
  • According to the World Helath Organization (WHO), anemia is defined as the condition when the the values of hemoglobin (Hb) are below 13-18 g/dL for men and 12-16 g/dL for women. The condition is knwon as iron deficiency.
  •  In India, more than half the population of women have a deficiency of iron and 46% of girl children under the age of 15 are anemic. This is driving the need for iron supplements in India.
  • Owing to all these factors, the market for iron phosphate is likely to grow during the forecast period.
Iron Phosphate Market Share

Asia-Pacific Region to Dominate the Market

  • The Asia-Pacific region has seen significant growth in the iron phosphate market, with countries such as China and India accounting for significant consumption of iron phospahte.
  • China is the second-largest market for pharmaceuticals, globally. The market for pharmaceuticals is emerging rapidly, owing to the growing middle-class and aging society in the country, rising incomes, and increasing urbanization.
  • The market for food additives in China is expected to grow in the forecast period owing to factors such as the increasing middle class, and changing lifestyles driving the demand for convenience and packaged foods. Furthermore, consumers are becoming more aware of the ingredients in food products. These factors are positive for the iron phosphate market.
  • India is expected to become one of the world’s leading pharmaceutical manufacturing markets owing to the low cost of manufacturing, research and development, and favorable government policies.
  • In June 2021, the Finance Minister of India, announced an outlay of INR 197,000 crore that will be used over five years for the pharmaceutical Production Linked Incentive (PLI) scheme across 13 sectors including active pharmaceutical ingredients, drug intermediaries, and key starting materials. This is expected to be positive for the iron phosphate market.
  • Furthermore, the Indian dietary supplements market is growing owing to the increasing health consciousness among consumers, increasing disposable incomes, and improving distribution networks. This is further expected to increase the market for iron phosphate in the region.
  • Due to all such factors, the market for iron phosphate in the region is expected to have a steady growth during the forecast period.
Iron Phosphate Market Growth rate

Competitive Landscape

The iron phosphate market is partially fragmented in nature. Some of the major players in the market include Alfa Aesar (Thermo Fisher Scientific), American Elements, Jost Chemical Co., Crest Chemicals, and Charkit Chemical Company LLC among others (not in any particular order).

Recent Development

Recent devlopemnts will be provided in complete report

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Demand from the Food and Beverages Industry

      2. 4.1.2 Increasing Demand from the Pharmaceutical Industry

    2. 4.2 Restraints

      1. 4.2.1 Developments in the Agricultural Sector Such as Bio-Farming and Organic Pesticides

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Ferric Phosphate

      2. 5.1.2 Ferrous Phosphate

    2. 5.2 Application

      1. 5.2.1 Food And Beverage

      2. 5.2.2 Pharmaceutical

      3. 5.2.3 Animal Feed

      4. 5.2.4 Fertilizers

      5. 5.2.5 Paints and Coatings

      6. 5.2.6 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Aarvee Chemicals

      2. 6.4.2 Alfa Aesar, Thermo Fisher Scientific

      3. 6.4.3 American Elements

      4. 6.4.4 Charkit Chemical Company LLC

      5. 6.4.5 Crest Chemicals

      6. 6.4.6 Jost Chemical Co.

      7. 6.4.7 ILVE CHEMICAL COMPANY LTD

      8. 6.4.8 Pioneer Enterprise

      9. 6.4.9 Zhengzhou Ruipu Biological Engineering Co.,Ltd

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Growing Usage for the Separation of Heavy Metals

**Subject to Availability

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Frequently Asked Questions

The Iron Phosphate Market market is studied from 2017 - 2027.

The Iron Phosphate Market is growing at a CAGR of >2% over the next 5 years.

Asia-Pacific is growing at the highest CAGR over 2021- 2026.

Asia-Pacific holds highest share in 2021.

American Elements , Jost Chemical Co. , Crest Chemicals, Charkit Chemical Company LLC, Alfa Aesar, Thermo Fisher Scientific are the major companies operating in Iron Phosphate Market.

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