Food Grade Phosphate Market

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

Food Grade Phosphate Market Segmented by sodium phosphates, sodium tri polyphosphate, sodium acid pyro phosphate, potassium phosphate, dipotassium phosphate, monopotassium phosphate, tetra potassium phosphate, calcium phosphate, phosphoric acid, ammonium phosphate Forms with savory dishes such as soups, sauerkraut, sauces Application

Introduction

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.

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Companies

  • 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 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

food grade phosphate market

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?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.

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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.  

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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.

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

  • Ammonium Phosphate
  • Sodium Phosphate
  • Potassium Phosphate
  • Calcium Phosphate
  • Others

Application

  • Food and Beverages
    • Bakery & Confectionery
    • Beverages
    • Dairy
    • Nutrition
    • Frozen Food
    • Meat & Seafood
  • Agriculture
  • Animal Feed
    • Swine
    • Ruminants
    • Poultry
    • Aqua

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • 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?

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