Report Code: A15471 | Pages: NA | Jul 2023 | 1221 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Food Phosphate Market
Request Now !Food phosphates are characterized as products that aid in the enhancement of the flavor and moistness of solid meat, fish, and other foods. Such phosphates aid in tissue homeostasis and repair, as well as supporting growth and storing significant amounts of energy in the body. The rising need for food phosphate in a variety of applications is projected to drive up demand for food phosphate. The Food Phosphate market has grown significantly as a result of factors such as the expansion of numerous end-use industries. Furthermore, the rapidly changing economic structure, combined with rising demand for bakery food products such as cakes, pastries, pizzas, and other baked goods, creates a large market opportunity for key players in the food phosphate market. However, the health hazards connected with synthetic food additives are projected to limit the market's total expansion.
COVID-19 Impact analysis
Top Impacting Factors
Market Trends
Phosphate's exceptional spread ability and viscosity function should propel market demand from dairy applications
Because of the rising consumption of dairy and dairy products, the food phosphate market in the dairy segment is expected to increase at a rate of above 5% between 2021 and 2027. The dairy market is growing as a result of its wide range of applications, which include cheese, butter, whey, milk powder, frozen desserts, and ice cream. Calcium is also present in milk as calcium hydrogen phosphate. Increasing calcium phosphate solubility at low pH is significant in dairy products, and market statistics from dairy applications back this up.
Phosphates are used in dairy applications for protein dispersions, ion exchange buffering, acidification, gelation enhancement, nutritional supplementation, and sequestration. It also gives butter firmness, good spreading ability, and the necessary viscosity. It's also used in ice cream and fat stability in dairy products. Phosphate is used as a gelatin in quick pudding. Food phosphate market demand should benefit from a shift in consumer preference
toward dairy and dairy products, which leads to a healthier lifestyle.
The rising demand for handy food products should help to boost calcium phosphate consumption
Because it functions as an acidity regulator in baking powder and is used as a bread enhancer, the global food phosphate market from calcium phosphate application is expected to grow at a CAGR of over 6% through 2027.
Furthermore, bread is a convenient food product that is seeing increased demand for its convenience, which is one of the major drivers boosting market share.
The food phosphate business is experiencing favorable growth trends as consumer awareness grows and prices become more affordable. It binds metal ions in canned vegetables, resulting in improved antioxidant activity and texture stabilization, gaining traction in the food and beverage business. It also functions as a thickening agent in the preparation of chicken, as well as stabilizing and firming the dishes. It can be used in the food processing sector to combine oil and water-based materials, preserve moisture, treat flour, and adjust acidity.
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Questions answered in the Report
Food Phosphate Market Report Highlights
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Key Market Players | Fosfa a.s., ATP Group, Aditya Birla Chemicals, Haifa Chemicals Ltd, XINGFA USA Corp, Hawkins, Inc., Sichuan Zhituo Biochem Technology, Sulux Phosphates Ltd, Univar Inc, Natural Enrichment Industries LLC |
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