Food Grade Phosphate Market is valued at USD 2.58 Billion in 2021 and expected to reach USD 3.89 Million by 2028 with a CAGR of 6.07% over the forecast period
Food Grade Phosphate Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2020-2025. Increasing demand for convenience food products as well as meat products coupled with growing awareness regarding sodium reaction and rising usage of food grade phosphate in bakery industry are some important factors driving the growth of food grade phosphate market.
Food grade phosphates are compounds are added to produce various products such as meat, cheese, dairy products, cake, biscuits and soft drinks to improve food products. Food phosphates are additive which perform various function in food such as buffers, polyanionic agent, sequestrants, acidulants, flavors enhancing , cryoprotectants, gel accelerants, dispersants, nutrients, precipitants, and as free-flow (anticaking) or ion-exchange agents. They are mainly used in frozen and cured meat, fisheries, bakery products, milk, cheese, powdered food, breakfast cereals as well as in pet food, animal feed products and dehydrated potatoes. Advantages of food grade phosphates are it maintain flavour and food quality, improves shelf life of natural products. In dairy products it improves texture and processes ripening of cheese. Food phosphates are rich in mineral, it used as health supplements which provide fortification of diet. Food phosphates are added to drinking water to prevent toxic metal being dissolved from pipes and contaminating tap water. Food phosphates are used in seafood processing it improve texture, water retention, prevent oxidation, and inhibit microbiological spoilage and rancidity development.
Food grade phosphates market is segmented into type, application, region and country. On the basis of type food grade phosphates market is segmented into Tetrasodium pyrophosphate (TSPP), Sodium triphosphate (STPP), sodium acid pyrophosphate (SAPP) and Sodium hexametaphosphate (SHMP). Based on the application, food grade phosphates market is segmented into food & beverage, dairy products, bakery products, seafood processing and others.
The regions covered in global food grade phosphates market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, Global food grade phosphates market sub divided in U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Global food grade phosphates market reports cover prominent players like
Aditya Birla Chemicals has merged with Grasim Industries.News: 04 Jan 2016- Aditya Birla Chemicals, a leading player in chemicals has merged with Grasim Industries, largest chlor-alkali manufacturer in India. This merger will help to expand product portfolio of company. Food Grade Phosphates Market Dynamics-
The key factor for the growth of food grade phosphates market is growing awareness about sodium reaction among consumers. Furthermore, demand for convenience food product across the globe is driving the growth of food grade phosphate market. In addition, consumption meat and meat products increasing coupled with increasing usage of food phosphate in seafood processing owing to its benefits such as improve structure, inhibit microbiological spoilage and rancidity development is driving the growth of food grade phosphate market. Additionally, increasing usage of food phosphate in dairy and bakery industry due to it maintains flavour, texture and improve shelf life of food products is driving the growth of food grade phosphate market. However, the factors which restrict the growth of food grade phosphate market are fluctuation in raw material price. Moreover, usage of food phosphate in animal feed will create huge opportunity in food grade phosphate market.
Food Grade Phosphates Market Regional Analysis-Asia-Pacific is expected to dominate the growth of food grade phosphate market due to increasing population owing to rise in demand for convenience food products in this region. Rapidly urbanization and hectic lifestyle people prefer ready-to-eat baked products for their breakfast such as bread, cookies is driving the growth of food grade phosphate market.
North America is projected to grow at faster pace due to increasing consumption of meat and meat products in this region. Moreover, demand of food phosphate in food and beverage, dairy, bakery industry is driving the growth of food grade phosphate market in this region.
Europe is also anticipated to grow due to rise demand in dairy products in this region owing to its benefits in making cheese it act as food additives to improve texture and flavor. Furthermore, changing consumer preference and rising disposable income of the people in this region owing to rise in processed food products us driving the growth of food phosphate market.
Key Benefits for Food Grade Phosphate Market Reports –
Global food grade phosphate market report covers in depth historical and forecast analysis.
Global food grade phosphate Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
Global food grade phosphate market report helps to identify opportunities in market place.
Global food grade phosphate market report covers extensive analysis of emerging trends and competitive landscape.
Food Grade Phosphate Market Segmentation –
Regional & Country Analysis
North America, U.S., Mexico, Canada , Europe, UK, France, Germany, Italy , Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of Middle East and Africa
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