Market Overview:
The global monobasic potassium phosphate market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for monobasic potassium phosphate from various applications such as agriculture, chemical industry, food industry, medical industry and feed industry. In addition, the growing population and rising income levels are also contributing to the growth of this market. However, factors such as volatility in prices of raw materials and stringent regulations may hamper the growth of this market during the forecast period.
Product Definition:
Monobasic potassium phosphate is a mineral supplement that is used to provide potassium and phosphorus to the body. It is also used as a food additive to improve the texture and flavor of food.
Food Grade:
Food grade KHP is a Potassium Phosphate monobasic material, which is used as an additive in food & beverage industry. It helps in maintaining the color of food products and acts as a preservative. Food grade KHP has better compatibility with water, oil & fats and thus can be used for longer duration than industrial grades.
Medical:
Medical is used in the form of Potassium Phosphate monobasic, which is a white crystalline powder that has a slight odor. It has an appearance similar to table sugar (sucrose) and can be freely mixed with water or other substances. Medical is also used in combination with drugs for patients who have difficulty swallowing pills or are unable to take injections.
The medical preparation consists of potassium phosphate, which provides the body with energy during physical activity.
Application Insights:
The agriculture application segment led the global market in 2017 and is projected to continue its dominance over the forecast period. The product has a wide range of applications in this sector, including as fertilizer and soil conditioner. It improves soil structure by enhancing water retention properties while simultaneously boosting plant growth. Monobasic potassium phosphate is also used for irrigation purposes, which further propels its demand in agriculture applications across various regions globally.
Agriculture was one of the major sectors that supported the overall market during 2017 owing to favorable government policies regarding farmers¢â‚¬â„¢ income security and infrastructure development in several countries worldwide, such as China, India, Brazil etc., which are projected to boost agricultural production over the coming years significantly driving product demand from this sector globally.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is anticipated to witness a CAGR of XX% from 2018 to 2030 owing to increasing product demand from various end-use industries, such as chemical, food and beverage, pharmaceuticals, and agriculture.
China was one of the largest producers of monobasic potassium phosphate globally with an estimated production capacity of around 740 kilo per annum in 2017 due to easy availability of raw materials coupled with low manufacturing cost compared to other countries in Asia Pacific region has made it attractive for domestic manufacturers as well as foreign investors for setting up their plants/factories here.
Growth Factors:
- Increasing demand from the food and beverage industry as a flavor enhancer and preservative.
- Growing demand for monobasic potassium phosphate in the pharmaceuticals industry as an excipient in drug formulations.
- Rising application of monobasic potassium phosphate in detergents, cleaners, and other household products due to its properties such as alkalinity, buffering capacity, solubility etc.
- Increasing investments by manufacturers in research and development to develop new applications for monobasic potassium phosphate
Scope Of The Report
Report Attributes
Report Details
Report Title
Monobasic Potassium Phosphate Market Research Report
By Type
Food Grade, Medical, Industial Grade
By Application
Agriculture, Chemical industry, Food industry, Medical industry, Feed industry
By Companies
Sichuan Blue Swor, Wuhan Inorganic Salt, ICL Fertilizers, Wuhan Yukailingkeji, Haifa, Innophos, Shifang Anda, Prayon, YaraTera, Chuanxi Xingda, Sichuan Blue Swor
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
145
Number of Tables & Figures
102
Customization Available
Yes, the report can be customized as per your need.
Global Monobasic Potassium Phosphate Market Report Segments:
The global Monobasic Potassium Phosphate market is segmented on the basis of:
Types
Food Grade, Medical, Industial Grade
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
Agriculture, Chemical industry, Food industry, Medical industry, Feed industry
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:
- Sichuan Blue Swor
- Wuhan Inorganic Salt
- ICL Fertilizers
- Wuhan Yukailingkeji
- Haifa
- Innophos
- Shifang Anda
- Prayon
- YaraTera
- Chuanxi Xingda
- Sichuan Blue Swor
Highlights of The Monobasic Potassium Phosphate 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:
- Food Grade
- Medical
- Industial Grade
- By Application:
- Agriculture
- Chemical industry
- Food industry
- Medical industry
- Feed industry
- 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 Monobasic Potassium Phosphate 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- 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?
Monobasic potassium phosphate is a white, crystalline powder that is used as a food additive. It is composed of potassium and phosphate ions, which are both essential for human health. Monobasic potassium phosphate can help to improve the texture and flavor of foods, while also providing some nutritional benefits.
Some of the major companies in the monobasic potassium phosphate market are Sichuan Blue Swor, Wuhan Inorganic Salt, ICL Fertilizers, Wuhan Yukailingkeji, Haifa, Innophos, Shifang Anda, Prayon, YaraTera, Chuanxi Xingda, Sichuan Blue Swor.
The monobasic potassium phosphate 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 Monobasic Potassium Phosphate 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 Monobasic Potassium Phosphate Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Monobasic Potassium Phosphate 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 Monobasic Potassium Phosphate 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 Monobasic Potassium Phosphate Market Size & Forecast, 2018-2028
4.5.1 Monobasic Potassium Phosphate Market Size and Y-o-Y Growth
4.5.2 Monobasic Potassium Phosphate Market Absolute $ Opportunity
Chapter 5 Global Monobasic Potassium Phosphate 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 Monobasic Potassium Phosphate Market Size Forecast by Type
5.2.1 Food Grade
5.2.2 Medical
5.2.3 Industial Grade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Monobasic Potassium Phosphate 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 Monobasic Potassium Phosphate Market Size Forecast by Applications
6.2.1 Agriculture
6.2.2 Chemical industry
6.2.3 Food industry
6.2.4 Medical industry
6.2.5 Feed industry
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Monobasic Potassium Phosphate 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 Monobasic Potassium Phosphate 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 Monobasic Potassium Phosphate Analysis and Forecast
9.1 Introduction
9.2 North America Monobasic Potassium Phosphate 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 Monobasic Potassium Phosphate Market Size Forecast by Type
9.6.1 Food Grade
9.6.2 Medical
9.6.3 Industial Grade
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 Monobasic Potassium Phosphate Market Size Forecast by Applications
9.10.1 Agriculture
9.10.2 Chemical industry
9.10.3 Food industry
9.10.4 Medical industry
9.10.5 Feed industry
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 Monobasic Potassium Phosphate Analysis and Forecast
10.1 Introduction
10.2 Europe Monobasic Potassium Phosphate 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 Monobasic Potassium Phosphate Market Size Forecast by Type
10.6.1 Food Grade
10.6.2 Medical
10.6.3 Industial Grade
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 Monobasic Potassium Phosphate Market Size Forecast by Applications
10.10.1 Agriculture
10.10.2 Chemical industry
10.10.3 Food industry
10.10.4 Medical industry
10.10.5 Feed industry
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 Monobasic Potassium Phosphate Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Monobasic Potassium Phosphate 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 Monobasic Potassium Phosphate Market Size Forecast by Type
11.6.1 Food Grade
11.6.2 Medical
11.6.3 Industial Grade
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 Monobasic Potassium Phosphate Market Size Forecast by Applications
11.10.1 Agriculture
11.10.2 Chemical industry
11.10.3 Food industry
11.10.4 Medical industry
11.10.5 Feed industry
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 Monobasic Potassium Phosphate Analysis and Forecast
12.1 Introduction
12.2 Latin America Monobasic Potassium Phosphate 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 Monobasic Potassium Phosphate Market Size Forecast by Type
12.6.1 Food Grade
12.6.2 Medical
12.6.3 Industial Grade
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 Monobasic Potassium Phosphate Market Size Forecast by Applications
12.10.1 Agriculture
12.10.2 Chemical industry
12.10.3 Food industry
12.10.4 Medical industry
12.10.5 Feed industry
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) Monobasic Potassium Phosphate Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Monobasic Potassium Phosphate 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) Monobasic Potassium Phosphate Market Size Forecast by Type
13.6.1 Food Grade
13.6.2 Medical
13.6.3 Industial Grade
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) Monobasic Potassium Phosphate Market Size Forecast by Applications
13.10.1 Agriculture
13.10.2 Chemical industry
13.10.3 Food industry
13.10.4 Medical industry
13.10.5 Feed industry
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 Monobasic Potassium Phosphate Market: Competitive Dashboard
14.2 Global Monobasic Potassium Phosphate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sichuan Blue Swor
14.3.2 Wuhan Inorganic Salt
14.3.3 ICL Fertilizers
14.3.4 Wuhan Yukailingkeji
14.3.5 Haifa
14.3.6 Innophos
14.3.7 Shifang Anda
14.3.8 Prayon
14.3.9 YaraTera
14.3.10 Chuanxi Xingda
14.3.11 Sichuan Blue Swor
