Market Overview:
The global sodium hexametaphosphate for food application market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. Sodium hexametaphosphate (SHMP) is an inorganic compound with the chemical formula NaPO3·6H2O. It is a colorless solid that dissolves in water to give orthophosphoric acid and sodium cations. SHMP finds application as a food additive, preservative, and sequestrant. It helps improve the texture of food products, prevents spoilage caused by microorganisms, enhances flavor stability, and improves shelf life. The demand for SHMP from the food industry is expected to increase owing to its properties such as emulsification capacity, binding capacity, chelating ability, and high solubility in water that help improve product quality. In addition, growing awareness about the benefits of using SHMP among consumers has led manufacturers to adopt it as an ingredient in various processed foods products such as bakery items,, dairy products,, meat & poultry items,, convenience foods,, etc., The Asia Pacific region dominates the global market for sodium hexametaphosphate for food applications due to rising demand from countries such as China and India.
Product Definition:
Sodium Hexametaphosphate is a food additive that is used as a sequestrant, an anticaking agent, and a leavening agent. Sodium hexametaphosphate helps to keep foods from clumping together and prevents them from sticking to packaging or other surfaces. It also helps to produce light and fluffy baked goods by trapping air bubbles in the dough.
High Purity Grade:
Sodium hexametaphosphate (SHMP) is a chemical compound, which has the ability to stabilize the color of food products. It can be used as an additive in any food product including meat products, poultry products and seafood. The demand for high purity grade sodium hexametaphosphate is expected to witness significant growth over the forecast period owing to its increasing application in food & beverage industry across various regions including North America, Europe and Asia Pacific.
Gerneral Grade:
General grade is a type of sodium hexametaphosphate, which has been manufactured without any special technical procedures. It is intended for industrial use and can be used in food applications as well. The chemical has found its application in the animal feed industry over the past years and it continues to be one of the major sectors for this chemical today.
Application Insights:
The others application segment accounted for the largest revenue share of over 50% in 2017. General industrial applications include water treatment, detergents, and de-icing fluids. The sodium hexametaphosphate product is used as a food preservative and an acidifier in various industries including dairy, meat & poultry, bakery & confectionery products.
Food additive application is projected to witness significant growth at a CAGR of XX%, in terms of volume during the forecast period owing to its increasing use as an emulsifier salt stabilizer colorant.
Regional Analysis:
Asia Pacific sodium hexametaphosphate for food application market is expected to grow at the highest CAGR of XX% from 2018 to 2030 owing to increasing demand for processed food and rising awareness about nutritional diet among consumers. In addition, growing meat consumption in China and India is anticipated to fuel product demand over the forecast period.
The growth of end-use industries such as bakery & confectionery, dairy products, frozen foods & beverages in emerging economies including China and India has been fueling the overall industry expansion across Asia Pacific region. The presence of major players coupled with favorable government regulations pertaining high standards of living have also contributed significantly towards regional market development over past few years.
Growth Factors:
- Increasing demand for processed food products: The global processed food market is projected to grow at a CAGR of 5.4% from 2016 to 2021. This growth can be attributed to the changing lifestyles and growing urbanization across the world. Sodium hexametaphosphate is used as a processing aid in various food products such as bakery, dairy, meat, and seafood products. Thus, the increasing demand for processed foods is expected to drive the growth of the sodium hexametaphosphate for food application market during the forecast period.
- Rising awareness about health benefits of consuming phosphate-rich foods: Phosphorus is an essential mineral that plays an important role in human health. It helps in maintaining bone density and preventing osteoporosis, among other benefits. Sodium hexametaphosphate is a rich source of phosphorus and thus its increasing use in various types of foods is resulting in increased awareness about its health benefits among consumers worldwide. This is expected to boost demand for sodium hexametaphosphate during the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Sodium Hexametaphosphate for Food Application Market Research Report
By Type
High Purity Grade, Gerneral Grade,
By Application
Preservatives, Food Additive, Others,
By Companies
Aditya Birla Chemicals, Prayon, Innophos, ICL Performance Products, Mexichem, TKI, Recochem, Xingfa Group, Chengxing Group, Chuandong Chemical, Blue Sword Chemical, Sundia, Mianyang Aostar, Sino-Phos, Jinshi, Norwest Chemical, Weifang Huabo, Nandian Chemical, Huaxing Chemical
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Sodium Hexametaphosphate for Food Application Market Report Segments:
The global Sodium Hexametaphosphate for Food Application market is segmented on the basis of:
Types
High Purity Grade, Gerneral 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
Preservatives, Food Additive, Others,
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:
- Aditya Birla Chemicals
- Prayon
- Innophos
- ICL Performance Products
- Mexichem
- TKI
- Recochem
- Xingfa Group
- Chengxing Group
- Chuandong Chemical
- Blue Sword Chemical
- Sundia
- Mianyang Aostar
- Sino-Phos
- Jinshi
- Norwest Chemical
- Weifang Huabo
- Nandian Chemical
- Huaxing Chemical
Highlights of The Sodium Hexametaphosphate for Food Application 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:
- High Purity Grade
- Gerneral Grade
- By Application:
- Preservatives
- Food Additive
- Others
- 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 Sodium Hexametaphosphate for Food Application 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.
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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?
Sodium hexametaphosphate is a food additive used as a leavening agent and emulsifier.
Some of the major companies in the sodium hexametaphosphate for food application market are Aditya Birla Chemicals, Prayon, Innophos, ICL Performance Products, Mexichem, TKI, Recochem, Xingfa Group, Chengxing Group, Chuandong Chemical, Blue Sword Chemical, Sundia, Mianyang Aostar, Sino-Phos, Jinshi, Norwest Chemical, Weifang Huabo, Nandian Chemical, Huaxing Chemical.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Sodium Hexametaphosphate for Food Application Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Sodium Hexametaphosphate for Food Application Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Sodium Hexametaphosphate for Food Application Market - Supply Chain
4.5. Global Sodium Hexametaphosphate for Food Application Market Forecast
4.5.1. Sodium Hexametaphosphate for Food Application Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Sodium Hexametaphosphate for Food Application Market Size (000 Units) and Y-o-Y Growth
4.5.3. Sodium Hexametaphosphate for Food Application Market Absolute $ Opportunity
5. Global Sodium Hexametaphosphate for Food Application Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Sodium Hexametaphosphate for Food Application Market Size and Volume Forecast by Type
5.3.1. High Purity Grade
5.3.2. Gerneral Grade
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Sodium Hexametaphosphate for Food Application Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Sodium Hexametaphosphate for Food Application Market Size and Volume Forecast by Application
6.3.1. Preservatives
6.3.2. Food Additive
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Sodium Hexametaphosphate for Food Application Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Sodium Hexametaphosphate for Food Application Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Sodium Hexametaphosphate for Food Application Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Sodium Hexametaphosphate for Food Application Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Sodium Hexametaphosphate for Food Application Demand Share Forecast, 2019-2026
9. North America Sodium Hexametaphosphate for Food Application Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Sodium Hexametaphosphate for Food Application Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Sodium Hexametaphosphate for Food Application Market Size and Volume Forecast by Application
9.4.1. Preservatives
9.4.2. Food Additive
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Sodium Hexametaphosphate for Food Application Market Size and Volume Forecast by Type
9.7.1. High Purity Grade
9.7.2. Gerneral Grade
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Sodium Hexametaphosphate for Food Application Demand Share Forecast, 2019-2026
10. Latin America Sodium Hexametaphosphate for Food Application Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Sodium Hexametaphosphate for Food Application Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Sodium Hexametaphosphate for Food Application Market Size and Volume Forecast by Application
10.4.1. Preservatives
10.4.2. Food Additive
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Sodium Hexametaphosphate for Food Application Market Size and Volume Forecast by Type
10.7.1. High Purity Grade
10.7.2. Gerneral Grade
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Sodium Hexametaphosphate for Food Application Demand Share Forecast, 2019-2026
11. Europe Sodium Hexametaphosphate for Food Application Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Sodium Hexametaphosphate for Food Application Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Sodium Hexametaphosphate for Food Application Market Size and Volume Forecast by Application
11.4.1. Preservatives
11.4.2. Food Additive
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Sodium Hexametaphosphate for Food Application Market Size and Volume Forecast by Type
11.7.1. High Purity Grade
11.7.2. Gerneral Grade
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Sodium Hexametaphosphate for Food Application Demand Share, 2019-2026
12. Asia Pacific Sodium Hexametaphosphate for Food Application Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Sodium Hexametaphosphate for Food Application Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Sodium Hexametaphosphate for Food Application Market Size and Volume Forecast by Application
12.4.1. Preservatives
12.4.2. Food Additive
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Sodium Hexametaphosphate for Food Application Market Size and Volume Forecast by Type
12.7.1. High Purity Grade
12.7.2. Gerneral Grade
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Sodium Hexametaphosphate for Food Application Demand Share, 2019-2026
13. Middle East & Africa Sodium Hexametaphosphate for Food Application Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Sodium Hexametaphosphate for Food Application Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Sodium Hexametaphosphate for Food Application Market Size and Volume Forecast by Application
13.4.1. Preservatives
13.4.2. Food Additive
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Sodium Hexametaphosphate for Food Application Market Size and Volume Forecast by Type
13.7.1. High Purity Grade
13.7.2. Gerneral Grade
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Sodium Hexametaphosphate for Food Application Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Sodium Hexametaphosphate for Food Application Market: Market Share Analysis
14.2. Sodium Hexametaphosphate for Food Application Distributors and Customers
14.3. Sodium Hexametaphosphate for Food Application Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Aditya Birla Chemicals
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Prayon
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Innophos
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. ICL Performance Products
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Mexichem
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. TKI
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Recochem
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Xingfa Group
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Chengxing Group
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Chuandong Chemical
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Blue Sword Chemical
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Sundia
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Mianyang Aostar
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Sino-Phos
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Jinshi
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Norwest Chemical
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Weifang Huabo
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Nandian Chemical
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Huaxing Chemical
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
