According to a market report by Lucintel, the future of the global food grade phosphate market looks promising with opportunities in the bakery product, dairy, beverage, and meat & seafood processing markets. The global food grade phosphate market is expected to reach an estimated $3.1 billion by 2030 from $2.3 billion in 2024 at a CAGR of 5.4% from 2024 to 2030. The major drivers for this market are increasing consumer knowledge of food safety and quality, rising demand for processed foods and beverages, and burgeoning food industry, as well as, introduction of novel phosphate mixes and creation of organic and natural substitutes.A more than 150 – page report is developed to understand Trends, opportunity and forecast in food grade phosphate market to 2030 by source type (sodium phosphate, ammonium phosphate, calcium phosphate, potassium phosphate, and others), application (bakery products, dairy, beverages, meat & seafood processing, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that calcium phosphate is expected to witness the highest growth over the forecast period because it serves as a regulator of acidity and a leavening agent in baking.
Within this market, beverages is expected to witness the highest growth due to increasing demand and consumption related to products like sports drinks, energy drinks, and nutritional or functional drinks.
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North America will remain the largest region over the forecast period due to a large number of people who work, a busy and active lifestyle that favors quick food and drink products, growing health consciousness, and a rise in the use of fortified foods and beverages.
Sulux Phosphates, Hawkins, Aditya Birla Chemicals, ATP Group, Sichuan ZhituoBiochem Technology, Fosfa, and Budenheim are the major suppliers in the food grade phosphate market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]To get access of more than 1000 reports at fraction of cast visit Lucintel’sAnalytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1 972.636.5056
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