What is Global Calcium Phytate Market?
The Global Calcium Phytate Market is a specialized and in-depth study of the chemical industry with a special focus on the global market trend analysis. Calcium Phytate, also known as Inositol Hexaphosphate or Phytic Acid, is a unique natural compound derived from the dephosphorylation process of phytic acid. This compound is found in almost all plant tissues and is quite abundant in bran, whole grains, seeds, and legumes. It is recognized for its strong binding affinity to minerals such as calcium, iron, and zinc, which can inhibit their absorption in humans and animals. However, when properly processed, Calcium Phytate can be used as a beneficial dietary supplement, offering a range of health benefits including antioxidant effects, reduction of heavy metal toxicity, and potential anti-cancer properties.
Purity ≥98%, Purity ≥90% in the Global Calcium Phytate Market:
In the Global Calcium Phytate Market, two purity levels are primarily considered: Purity ≥98% and Purity ≥90%. The purity level of Calcium Phytate is crucial as it directly impacts its effectiveness and safety. The higher the purity, the fewer impurities are present, which reduces the risk of adverse reactions and increases the effectiveness of the compound. Products with a purity level of ≥98% are considered high-quality and are often used in pharmaceuticals and high-end food products. On the other hand, products with a purity level of ≥90% are more commonly used in the food industry, where the slightly lower purity level is acceptable. The choice between these two purity levels depends on the specific requirements of the end-use application.
Food Industry, Pharmaceuticals in the Global Calcium Phytate Market:
The Global Calcium Phytate Market finds its applications majorly in two sectors: the Food Industry and Pharmaceuticals. In the food industry, Calcium Phytate is used as a food additive and preservative due to its strong chelating ability. It helps in preventing the growth of molds and other microorganisms, thereby extending the shelf life of food products. In addition, it is also used as a mineral supplement in food products, owing to its high mineral content. In the pharmaceutical industry, Calcium Phytate is used in the formulation of various drugs and health supplements. It is known for its potential health benefits such as reducing kidney stone formation, improving bone health, and reducing the risk of heart disease and cancer.
Global Calcium Phytate Market Outlook:
The global Calcium Phytate market, valued at US$ 3 million in 2022, is expected to reach US$ 4 million by 2029, growing at a CAGR of 3.6% during the forecast period 2023-2029. The market is dominated by Refine Bio-Chem, which held a 33% market share in 2019, making it the top player in the global Calcium Phytate production. Geographically, North America held the largest market share of nearly 39% in 2019, followed by China with a 31% market share. These figures indicate the significant demand for Calcium Phytate in these regions, driven by the robust food and pharmaceutical industries.
| Report Metric | Details |
| Report Name | Calcium Phytate Market |
| Accounted market size in 2022 | US$ 3 in million |
| Forecasted market size in 2029 | US$ 4 million |
| CAGR | 3.6% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Refine Bio-Chem, Hebei Yuwei Biotechnology, Tongxiang Xinyang Food Additives, Haihang Industry, Shengjin Technology |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
