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Food Phosphate Market

Food Phosphate Market

by Application (Dairy, Bakery Products, Meat Seafood Processing, Beverages) and by Type (Ammonium Phosphate, Sodium Phosphate, Potassium Phosphate, Calcium Phosphate, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032

Report Code: A15471
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Jul 2023 | 1221 Views
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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

  • The global economy and the food sector have both been harmed by the spread of COVID-19. Food-grade phosphates are used extensively in the agriculture, food, and feed industries, which are all labor-intensive. Only critical commodities are produced in greater quantities due to social distancing norms and limits. 
  • As a result, both the demand for and availability of food-grade phosphate has decreased. The global pandemic has impacted food ingredient manufacturing, as well as the production of food grade phosphate. 
  • In the short term, the COVID-19 disease outbreak is expected to have a moderate impact on worldwide food grade phosphate.

Top Impacting Factors

  • Because of their dough conditioning, yeast stimulating, and leavening qualities, food phosphates are widely used in the bread industry, which should drive demand for food phosphate products.
  • Food phosphates improve texture, water retention, pH stabilization, and quality, which is why they are widely used in baked goods manufacture and increase the palatability of bakery items.
  • Food phosphate market trends are expected to be stimulated over the projected period by shifting consumer preferences towards consumption of dairy products due to health concerns, as well as increased demand for high quality cheese and supportive legislation surrounding cheese consumption.

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.

Key Benefits of the Report

  • This study presents the analytical depiction of the Food Phosphate industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the Food Phosphate Market share.
  • The current market is quantitatively analyzed to highlight the Food Phosphate Market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed Food Phosphate Market analysis based on competitive intensity and how the competition will take shape in coming years

Questions answered in the Report

  • Who are the leading market players active in the Food Phosphate Market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
  • What is Food Phosphate Market prediction in the future?
  • Which will be the niches at which players profiling with recent advancements should set a presence?
  • What are the driving factors and opportunities in the market?
  • What are the current trends and predicted trends?
  • What are the challenges faced in the Food Phosphate Market?

Food Phosphate Market Report Highlights

Aspects Details
By Application
  • Dairy
  • Bakery Products
  • Meat & Seafood Processing
  • Beverages
By Type
  • Ammonium Phosphate
  • Sodium Phosphate
  • Potassium Phosphate
  • Calcium Phosphate
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, UK, Spain, Italy, Rest of Europe)
  • Asia-Pacific  (China, India, Japan, Australia, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
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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