Market Overview:
The global food grade phosphoric acid market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for food additives, fragrances, and beverages. In addition, the growing bakery industry is also contributing to the growth of this market. North America dominates the global food grade phosphoric acid market and is expected to continue its dominance during the forecast period.
Product Definition:
Food grade phosphoric acid is a food additive used to adjust the pH of food products. It has a sour, slightly acidic taste and is colorless. Food grade phosphoric acid is important because it helps to maintain the flavor and quality of food products, prevents the growth of bacteria, and prolongs shelf life.
85% Content:
85% content, also known as food-grade phosphoric acid is a strong, clear liquid used in the food processing industry. It is insoluble in water and has a pungent odor. 85% phosphoric acid contains hydrogen ions (H+), which have a painful effect on nerve cells and cause muscle spasms; these effects can be reduced or minimized by adding lime (calcium oxide) to the solution.
75% Content:
75% content is a solution of phosphoric acid in water. It has 75% of the total phosphorus content which makes it an ideal choice for food grade application. Food grade phosphoric acid is used as a preservative and to maintain the color and taste of processed foods such as fruits, vegetables, meat & poultry products among others. Increasing demand for processed food across the globe coupled with growing concerns regarding product quality is expected to drive market growth over the forecast period.
Application Insights:
The global food grade phosphoric acid market is segmented on the basis of application as food additive, fragrances, beverage industry, bakery and other applications. The food additive application dominated the overall market in terms of revenue share in 2017. Phosphoric acid is used as a preservative and to preserve freshness in several foods such as fruits; vegetables; meat; fish and seafood products along with dairy products such as cheese. It acts by preventing fungal growth which may occur due to moisture content increase or chemical change in foods during storage or transit.
It prevents spoilage caused by bacteria that may be present inside or outside the cell walls of various types of foods including meat, poultry & eggs along with dairy products like yogurt, sour cream and ice cream.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a major share of global food production, processing, packaging and distribution. It has been observed that about 60% of global phosphate rock is mined in China while another 40% is mined in Morocco. Phosphate mining activities are one of the primary sources of pollution affecting water bodies as well as posing threats to human health due to exposure to hazardous waste products (arsenical compounds) generated during mining process. These factors are anticipated to hinder product demand from end-use industries over the next eight years, thus hampering growth prospects for food grade phosphoric acid industry in Asia Pacific region.
Europe emerged as a potential market for food grade phosphoric acid with significant growth opportunities across countries such as Germany, France and U.K.
Growth Factors:
- Increasing demand from the food and beverage industry as a flavor enhancer and preservative is expected to drive the growth of the food grade phosphoric acid market over the forecast period.
- Rising awareness about health benefits of consuming processed foods that contain phosphoric acid is anticipated to fuel market growth.
- Growing demand for convenience foods, especially in developing countries, is projected to boost the food grade phosphoric acid market in coming years.
- Increasing use of phosphoric acid in production of infant formula and other nutritional supplements is likely to propel market expansion during forecast period. 5) Stringent regulations regarding use of synthetic additives in food products are expected to create new opportunities for players operating in global food grade phosphoric acid market over next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Food Grade Phosphoric Acid Market Research Report
By Type
85% Content, 75% Content, Other
By Application
Food Additive, Fragrances, Beverage industry, Bakery, Other
By Companies
The Mosaic Company, Capital Success Phos-Chemical, Guizhou U-Share Materials, Open Compute Project, Agrema Poland, Nutrien, Yuntianhua International Chemical, ICL Food Specialties, Israel Chemicals, Wengfu, The Mosaic Company
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
138
Number of Tables & Figures
97
Customization Available
Yes, the report can be customized as per your need.
Global Food Grade Phosphoric Acid Market Report Segments:
The global Food Grade Phosphoric Acid market is segmented on the basis of:
Types
85% Content, 75% Content, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food Additive, Fragrances, Beverage industry, Bakery, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- The Mosaic Company
- Capital Success Phos-Chemical
- Guizhou U-Share Materials
- Open Compute Project
- Agrema Poland
- Nutrien
- Yuntianhua International Chemical
- ICL Food Specialties
- Israel Chemicals
- Wengfu
- The Mosaic Company
Highlights of The Food Grade Phosphoric Acid Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 85% Content
- 75% Content
- Other
- By Application:
- Food Additive
- Fragrances
- Beverage industry
- Bakery
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Food Grade Phosphoric Acid Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Food grade phosphoric acid is a white crystalline powder that is used as a food additive. It is most commonly used in baking to help create the desired texture and flavor.
Some of the major companies in the food grade phosphoric acid market are The Mosaic Company, Capital Success Phos-Chemical, Guizhou U-Share Materials, Open Compute Project, Agrema Poland, Nutrien, Yuntianhua International Chemical, ICL Food Specialties, Israel Chemicals, Wengfu, The Mosaic Company.
The food grade phosphoric acid market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Food Grade Phosphoric Acid Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Food Grade Phosphoric Acid Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Food Grade Phosphoric Acid Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Food Grade Phosphoric Acid Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Food Grade Phosphoric Acid Market Size & Forecast, 2020-2028
4.5.1 Food Grade Phosphoric Acid Market Size and Y-o-Y Growth
4.5.2 Food Grade Phosphoric Acid Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 85% Content
5.2.2 75% Content
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Food Additive
6.2.2 Fragrances
6.2.3 Beverage industry
6.2.4 Bakery
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Food Grade Phosphoric Acid Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Food Grade Phosphoric Acid Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 85% Content
9.6.2 75% Content
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Food Additive
9.10.2 Fragrances
9.10.3 Beverage industry
9.10.4 Bakery
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 85% Content
10.6.2 75% Content
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Food Additive
10.10.2 Fragrances
10.10.3 Beverage industry
10.10.4 Bakery
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 85% Content
11.6.2 75% Content
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Food Additive
11.10.2 Fragrances
11.10.3 Beverage industry
11.10.4 Bakery
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 85% Content
12.6.2 75% Content
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Food Additive
12.10.2 Fragrances
12.10.3 Beverage industry
12.10.4 Bakery
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 85% Content
13.6.2 75% Content
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Food Additive
13.10.2 Fragrances
13.10.3 Beverage industry
13.10.4 Bakery
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Food Grade Phosphoric Acid Market: Competitive Dashboard
14.2 Global Food Grade Phosphoric Acid Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 The Mosaic Company
14.3.2 Capital Success Phos-Chemical
14.3.3 Guizhou U-Share Materials
14.3.4 Open Compute Project
14.3.5 Agrema Poland
14.3.6 Nutrien
14.3.7 Yuntianhua International Chemical
14.3.8 ICL Food Specialties
14.3.9 Israel Chemicals
14.3.10 Wengfu
14.3.11 The Mosaic Company
