Global Market Study on Food Grade Phosphate: Rising Demand for Mineral-rich and Fortified Food & Beverages Driving Sales


Food Grade Phosphate  Market
  • Published On : Jul-2020 |
  • Pages : 310 Pages |
  • Format : Food Grade Phosphate  Market Food Grade Phosphate  Market Food Grade Phosphate  Market Food Grade Phosphate  Market

Rapid changes in the lifestyles of consumers along with rise in the working population has led to an inclination toward convenience food, which has become indispensable in urban kitchens whilst being great time-savers during hectic schedules. Food grade phosphates are used as additives due to their property of increasing the shelf life of food products, along with enhancing the flavor and texture of the food. Food grade phosphates help in the production of foods to function as buffers, bases, flavors, gel accelerants, dispersants, precipitants, nutrients, and free-flow or ion-exchange agents. Food grade phosphates are approved additives by the FDA, with usage levels being defined.

  • Prayon S.A., under the brand Carfosel, provides food grade phosphate for ensuring that fish fillets, shrimp, and other frozen seafood retain their natural juices, and also for application in canned tuna and crabs for preventing struvite crystals.

Food Grade Phosphate Market Trends

Shifting Customer Preference toward Mineral-rich and Fortified Food & Beverages to Drives Sales: Rising demand for fortified and mineral-rich food is a factor fueling the growth of the food grade phosphate market. With increasing number of health-conscious consumers, demand for mineral-rich food is increasing, as a lot of food today is processed, which takes away the necessary minerals required by the body. Mineral-rich and fortified food is seen as an alternative providing various health benefits. Increasing disease occurrence has led to a rise in the sales of mineral-rich food & beverages, thus driving the food grade phosphate market.

  • FOFSA provides functional blends of phosphates for nutritional fortification in the food industry.

Increasing Consumer Base for Products Containing Phosphate: Consumers are focusing on purchasing products with enhanced nutritive value, and thus, demand food products that contain phosphate, which, in turn, is driving demand for food grade phosphate. Phosphorous is essential for the growth, repair, and regulation of vital body functions. Thus, food grade phosphate is used in various food products in order to impart desirable health qualities associated with phosphorous and also to make food more appealing

Regional Outlook of Food Grade Phosphate Market

Europe has a leading global food grade phosphate market share, as customers are more focused on including nutritious food in their diets. North America follows next, as it is leveraged with prominent organizations that are related to the agriculture, food, and feed industry. This creates higher manufacturing and developing capabilities for producing food grade phosphate. Moreover, organized retail formats and increased awareness about the health benefits of phosphorous in these regions have together contributed a value share of 46.3% in the global market. The food grade phosphate market in East Asia is expected to show high growth at an expected value CAGR of 4%, owing to increased consumption of frozen meat and seafood products in countries such as China and Japan.

COVID-19 Impact on Food Grade Phosphate Market

The widespread of COVID-19 has weakened the growth of the global economy as well as the food industry. Food grade phosphates have major application in agriculture, food, and feed industries, all of which are labor-intensive sectors. With social distancing norms and restrictions in place, only essential commodities are being produced in higher amounts. As such, the demand as well as supply of food grade phosphate has subsequently reduced. Food ingredient manufacturing has been hit due to the global pandemic, which has also affected the production of food grade phosphate. Thus, the COVID-19 disease outbreak is anticipated to have a moderate impact on the global food grade phosphate in the near term.  

Analysts’ Viewpoint

The global food grade phosphate market size is expected to exhibit significant growth in the future. East Asia is projected to offer beneficial opportunities during the forecast period of 2020-2030. Increasing use of food grade phosphate in the food industry for increasing the shelf life of the products as well as imparting flavor and texture is a considerable factor for growth in the foreseeable future.

Leading market players such as Nutrein Ltd, OCP Group, Prayon S.A., PhosAgro Group, and others are focusing on business expansion and strengthening their distribution channels for increasing their market share in the global food grade phosphate market. Strategic collaborations and acquisitions are other strategies being adopted by key players to gain a competitive edge over others in the global food grade phosphate market.

Food Grade Phosphate Market: Report Scope

The latest market report by Persistence Market Research on the global food grade phosphate market evaluates the opportunities and current market scenario, providing insights and updates about the corresponding segments involved in the global food grade phosphate market for the forecast period of 2020-2030. The report provides detailed assessment of key market dynamics and comprehensive information about the structure of the global food grade phosphate market. This market study contains exclusive insights into how the global food grade phosphate market is anticipated to grow during the forecast period of 2020-2030.

The primary objective of the global food grade phosphate market report is to provide insights regarding opportunities in the market that are supporting the transformation of global businesses associated with food grade phosphate. It is very important to consider that, in an ever-wavering economy, we provide estimated (Y-o-Y) year-on-year growth rate in addition to the compound annual growth rate (CAGR) for overall forecasts, to enable readers better understand the analysis and evaluation of the global food grade phosphate market, and to discover lucrative opportunities in the market.

This report also provides an estimate of the global food grade phosphate market size and corresponding revenue forecasts carried out in terms of absolute $ opportunity. It also offers actionable insights based on the future trends in the food grade phosphate market. Furthermore, new and emerging players in the global food grade phosphate market can make use of the information presented in the study for effective business decisions, which will provide momentum to their businesses as well as the global food grade phosphate market.

The study is relevant for manufacturers, suppliers, distributors, and investors in the global food grade phosphate market. All stakeholders in the global food grade phosphate market, as well as industry experts, researchers, journalists, and business researchers can leverage the information and data represented in PMR’s report.

Key Segments of Global Food Grade Phosphate Market

PMR’s report on the global food grade phosphate market offers information divided into three segments - type, application, and region.

Type

Application

Region

  • Ammonium Phosphate
  • Food and Beverages
    • Bakery & Confectionery
    • Beverages
    • Dairy
    • Nutrition
    • Frozen Food
    • Meat & Seafood
  • North America
  • Sodium Phosphate
  • Agriculture
  • Latin America
  • Potassium Phosphate
  • Animal Feed
    • Swine
    • Ruminants
    • Poultry
    • Aqua
  • Europe
  • Calcium Phosphate
  • East Asia
  • Others
  • South Asia
  • Oceania
  • Middle East and Africa

Key Questions Answered in PMR’s Global Food Grade Phosphate Market

  • Which region will hold the highest market share in the global food grade phosphate market during the forecast period?
  • Which region is experiencing the highest growth (CAGR)?
  • Which factors are impacting the global food grade phosphate market?
  • What are the global trends impacting the food grade phosphate market?
  • What strategies must emerging players adopt to capture opportunities in various regions in the food grade phosphate market?
  • What is the market structure of the global food grade phosphate market?

Global Food Grade Phosphate Market: Research Methodology

Persistence Market Research is committed to providing unbiased market research solutions to its clients. PMR follows a robust methodology for the deduction of data included in this report. A unique research methodology is utilized to conduct extensive research on the global food grade phosphate market, and reach conclusions about the future growth factors of the food grade phosphate market. PMR’s research methodology comprises primary research methods coupled with secondary research methods, which ensures the accuracy and reliability of the conclusions in this report.

A demand-side approach is followed to estimate the sales of target products, followed by an in-depth supply-side assessment of value generated, key trends, and events over a predefined period. This methodology is based on standard market structures, methods, and definitions that are based on inputs from local sources in over seven regions - North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East & Africa, which PMR considers for segmenting the global market. Statistics, characteristics, and variances are collected at a regional level, aggregated at the same level, and then synthesized at a worldwide level to create global market measurements. Our main sources of research include:

  • Primary Research
  • Secondary Research
  • Trade Research
  • Social Media Research

Companies covered in Food Grade Phosphate Market Report

  • Prayon S.A.
  • ICL
  • PhosAgro Group 
  • Ettlinger Corporation 
  • Hindustan Phosphates Pvt.Ltd. 
  • Nutrein Ltd.
  • OCP Group
  • TKI Hrastnik, d.d.
  • Innophos. 
  • FOSFA
  • NutriScience Inoovations LLC.
  • Budenheim
  • Sulux Phosphates Limited
  • Univar Solutions Inc.
  • Xingfa USA
  • Natural Enrichment Industries 
  • Qingdao Samin Chemical Co., Ltd.
  • Aditya Birla Chemicals
  • Compagnie Financiere et de Participations Roullier S.A.
  • Spectrum Chemical Manufacturing Corp.

Food Grade Phosphate Market

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