Iron Phosphate Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 2.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Iron Phosphate Market Analysis
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.
Iron Phosphate Market Trends
This section covers the major market trends shaping the Iron Phosphate Market according to our research experts:
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.
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 Industry Overview
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).
Iron Phosphate Market Leaders
-
American Elements
-
Jost Chemical Co.
-
Crest Chemicals
-
Charkit Chemical Company LLC
-
Alfa Aesar, Thermo Fisher Scientific
*Disclaimer: Major Players sorted in no particular order
Iron Phosphate Market News
Recent devlopemnts will be provided in complete report
Iron Phosphate Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
-
4.1 Drivers
- 4.1.1 Increasing Demand from the Food and Beverages Industry
- 4.1.2 Increasing Demand from the Pharmaceutical Industry
-
4.2 Restraints
- 4.2.1 Developments in the Agricultural Sector Such as Bio-Farming and Organic Pesticides
- 4.3 Industry Value-Chain Analysis
-
4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
-
5.1 Type
- 5.1.1 Ferric Phosphate
- 5.1.2 Ferrous Phosphate
-
5.2 Application
- 5.2.1 Food And Beverage
- 5.2.2 Pharmaceutical
- 5.2.3 Animal Feed
- 5.2.4 Fertilizers
- 5.2.5 Paints and Coatings
- 5.2.6 Other Applications
-
5.3 Geography
- 5.3.1 Asia-Pacific
- 5.3.1.1 China
- 5.3.1.2 India
- 5.3.1.3 Japan
- 5.3.1.4 South Korea
- 5.3.1.5 Rest of Asia-Pacific
- 5.3.2 North America
- 5.3.2.1 United States
- 5.3.2.2 Canada
- 5.3.2.3 Mexico
- 5.3.3 Europe
- 5.3.3.1 Germany
- 5.3.3.2 United Kingdom
- 5.3.3.3 Italy
- 5.3.3.4 France
- 5.3.3.5 Rest of Europe
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle-East and Africa
- 5.3.5.1 Saudi Arabia
- 5.3.5.2 South Africa
- 5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share (%)**/Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
-
6.4 Company Profiles
- 6.4.1 Aarvee Chemicals
- 6.4.2 Alfa Aesar, Thermo Fisher Scientific
- 6.4.3 American Elements
- 6.4.4 Charkit Chemical Company LLC
- 6.4.5 Crest Chemicals
- 6.4.6 Jost Chemical Co.
- 6.4.7 ILVE CHEMICAL COMPANY LTD
- 6.4.8 Pioneer Enterprise
- 6.4.9 Zhengzhou Ruipu Biological Engineering Co.,Ltd
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Growing Usage for the Separation of Heavy Metals
Iron Phosphate Industry Segmentation
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 | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| Italy | ||
| France | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
Iron Phosphate Market Research FAQs
What is the current Iron Phosphate Market size?
The Iron Phosphate Market is projected to register a CAGR of greater than 2% during the forecast period (2024-2029)
Who are the key players in Iron Phosphate Market?
American Elements , Jost Chemical Co. , Crest Chemicals, Charkit Chemical Company LLC and Alfa Aesar, Thermo Fisher Scientific are the major companies operating in the Iron Phosphate Market.
Which is the fastest growing region in Iron Phosphate Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Iron Phosphate Market?
In 2024, the Asia-Pacific accounts for the largest market share in Iron Phosphate Market.
What years does this Iron Phosphate Market cover?
The report covers the Iron Phosphate Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Iron Phosphate Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Iron Phosphate Industry Report
Statistics for the 2024 Iron Phosphate market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Iron Phosphate analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
