Global Phosphate for Food Market Growth 2023-2029

Global Phosphate for Food Market Growth 2023-2029

Food-grade phosphates are used in the production of foods to function as buffers, sequestrants, acidulants, bases, flavors, cryoprotectants, gel accelerants, dispersants, nutrients, precipitants, and as free-flow (anticaking) or ionexchange agents. The actions of phosphates affect the chemical leavening of cakes, cookies, pancakes, muffins, and doughnuts; the even melt of processed cheese; the structure of a frankfurter; the bind and hydration of delicatessen meats; the fluidity of evaporated milk; the distinctive flavor of cola beverages; the free flow of spice blends; the mineral content of isotonic beverages; and the light color of par-fried potato strips.
LPI (LP Information)' newest research report, the “Phosphate for Food Industry Forecast” looks at past sales and reviews total world Phosphate for Food sales in 2022, providing a comprehensive analysis by region and market sector of projected Phosphate for Food sales for 2023 through 2029. With Phosphate for Food sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Phosphate for Food industry.
This Insight Report provides a comprehensive analysis of the global Phosphate for Food landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Phosphate for Food portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Phosphate for Food market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Phosphate for Food and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Phosphate for Food.
The global Phosphate for Food market size is projected to grow from US$ 2259.3 million in 2022 to US$ 2571.6 million in 2029; it is expected to grow at a CAGR of 2571.6 from 2023 to 2029.
Globally, the food-grade phosphate market is mainly driven by growing demand for meat, sea food and beverage which account for nearly 75% of total downstream consumption of food-grade phosphate in global in 2016.
Based on types of food-grade phosphate available in the market, the report segments the market into STPP, SHMP, SAPP, TSPP and other food-grade phosphate (DSP, TSP, STMP, etc.). The market for STPP accounted for the largest market share in 2019, followed by SHMP, SAPP and TSPP, etc.
According to our research and analysis, manufacturers from China, USA, Germany, France, Belgium, Mexico, Thailand, Japan, etc., are the leaders in global market of food-grade phosphate. Despite the presence of competition problems, limiting of natural resources and low industry profits, there are few investments to enter the field at present.
At present, the major manufacturers of food-grade phosphate are ICL Phosphate Specialty, Innophos, Prayon, Budenheim, Xingfa Chemicals Group, Blue Sword Chemical, Fosfa, Chengxing Industrial Group, Orbia (Quimir), Wengfu Gene-Phos Chem, Chuandong Chemical, Hens, Thermphos, Aditya Birla Chemicals, Mianyang Aostar, Rin Kagaku Kogyo, Tianjia Chem, Nippon Chemical, Tianrun Chemical, Huaxing Chemical, Hindustan Phosphates; the revenue of top ten manufacturers accounts about 62% of the total revenue in 2019. The high-end products mainly come from Europe and North America.
This report presents a comprehensive overview, market shares, and growth opportunities of Phosphate for Food market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
STPP
SHMP
SAPP
TSPP
Others
Segmentation by application
Meat
Seafood
Beverage
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ICL Phosphate Specialty
Innophos
Prayon
Budenheim
Xingfa Chemicals Group
Blue Sword Chemical
Fosfa
Chengxing Industrial Group
Orbia (Quimir)
Wengfu Gene-Phos Chem
Chuandong Chemical
Hens
Thermphos
Aditya Birla Chemicals
Mianyang Aostar
Rin Kagaku Kogyo
Tianjia Chem
Nippon Chemical
Tianrun Chemical
Huaxing Chemical
Hindustan Phosphates

Key Questions Addressed in this Report
What is the 10-year outlook for the global Phosphate for Food market?
What factors are driving Phosphate for Food market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Phosphate for Food market opportunities vary by end market size?
How does Phosphate for Food break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.