Food Phosphate Market Forecasts to 2028 – Global Analysis By Product (Sodium Phosphate, Potassium Phosphate, Calcium Phosphate, Phosphoric Acid), Application (Beverages, Dairy, Meat & Seafood Processing) and By Geography
According to Stratistics MRC, the Global Food Phosphate Market is accounted for $2.50 billion in 2020 and is expected to reach $4.63 billion by 2028 growing at a CAGR of 8.0% during the forecast period. The extensive utilization of food phosphate ingredient across the food & beverage industry and rise in demand for various bakery products such as pizzas, cakes, pastries, biscuits, rolls and doughnuts, are the major factors driving the market growth. However, the rising health concerns amongst the population with kidney disease and osteoporosis, and the increasing incidence of allergic reactions after consuming products with food phosphate additives are restraining the market growth.
Food phosphates is derived from phosphate rock and to strata of food addition that can help preserving natural flavours & colours, stabilization of texture in food, acidity and leavening. These additions are mainly used for increasing the shelf life of the food products and simultaneously, iron, magnesium and supporting calcium minerals enrichments. It has been added to food since 100 years. As phosphate are essential for life and present across multiple biological functions, however they are naturally present is almost all types of foods.
Based on application, the beverages segment is estimated to have a lucrative growth during the forecast period as beverages like tea or fruit drinks also can be fortified with phosphates which create lucrative growth opportunities in the market. Phosphates can be added to juice for calcium but doesn’t affect the taste of juice like soy based- beverage. Phosphate additives helps in dispersion of soy proteins in drinks and adds calcium minerals, while other phosphate salts provide potassium in juices and offer the colour stability which should support the industry demand.
By geography, North America is going to have high growth during forecast period due to surge in demand for bakery & confectionery products. Increasing consumer focus on high- protein diets along with greater affordability has driven market statistics. Monocalcium phosphate is commonly used in baked goods as it has high naturalizing value and is very fast acting. Additionally, improving texture and baking aspects of the bakery products such as cake, and cookies manufacturers are opting for phosphate, in order to add nutrition value with no side effects. This has turned into massive demand for the market in the region.
Some of the key players profiled in the Food Phosphate Market include Наіfа Сhеmісаlѕ Ltd, Аdіtуа Віrlа Сhеmісаlѕ, Ѕuluх Рhоѕрhаtеѕ Ltd, Fоѕfа а.ѕ, Вudеnhеіm, Unіvаr Іnс., Вrеwсrаft UЅААТР Grоuр, ТКІ Нrаѕtnіk, Ѕісhuаn Zhіtuо Віосhеm Тесhnоlоgу, Nаturаl Еnrісhmеnt Іnduѕtrіеѕ LLС and NutrіЅсіеnсе Іnnоvаtіоnѕ LLС.
Estimated Market Size in 2020:
USD 2.50 billion
Compound Annual Growth Raxte (CAGR) from 2020 to 2028:
Predicted 2028 Value:
USD 4.63 billion
Tables, Graphs & Figures
|Product, Application and Region|
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
• Sodium Phosphate
• Potassium Phosphate
• Ammonium Phosphate
• Calcium Phosphate
• Phosphoric Acid
• Other Products
• Bakery Products
• Meat & Seafood Processing
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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- Market share assessments for the regional and country-level segments
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Key Questions Answered In The Report
The Global Food Phosphate Market is majorly driven by extensive utilization of food phosphate ingredient across the food & beverage industry and rise in demand for various bakery products such as pizzas, cakes, pastries, biscuits, rolls and doughnuts.
The beverages segment is growing at a highest CAGR,as beverages like tea or fruit drinks also can be fortified with phosphates which create lucrative growth opportunities in the market.
Europe dominated with a significant market share due to the factors such as growing utilization of food phosphates for enhancing flavors of deli meats, ham, sausages, canned fish, cola drinks, cereals, frozen food products.
North America market is growing at a highest CAGR owing to increasing consumer focus on high- protein diets along with greater affordability.
Key players in Food Phosphate Market include Haifa Chemicals Ltd, Aditya Birla Chemicals, Sulux Phosphates Ltd, Fosfaa.s, Budenheim, UnivarInc., Brewcraft USAATP Group, TKI Hrastnik, SichuanZhituo Biochem Technology, Natural Enrichment Industries LLC and Nutri Science Innovations LLC.
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