Food-Grade Phosphate Market Development Scenario 2033

According to the Market Statsville Group (MSG), the Global Food-Grade Phosphate Market size was valued at USD 3261 million in 2023 and is expected to grow from USD 3469.7 million by 2024 to USD 6064.11 million by 2033, at a CAGR of 6.4% during the forecast period (2024 – 2033). 

The global Food-Grade Phosphate Market is progressing at a steady pace as the food and beverages sector needs additives that improve taste and texture and also helps in extending the shelf life. The food grade phosphates are used as leavening agents, pH stabilizers and emulsifiers in confectionery products and beverages, bakery products and dairy, meat etc. These phosphates enhance water absorption abilities and thus product shelf-life making them important in processed food. The increase demand of convenience foods across the globe in addition to the global population, the demand for the food-grade phosphates is anticipated to rise. Furthermore, the drive for quality food and food safety has put pressure on regulatory authorities tightening rules on the use of phosphates in manufacturing, making manufacturers look for phosphates that conform to health standards. Market demands are increasing in the Asia-Pacific region, especially china and India because of population drain and consumers’ preference for proteins. North America and Europe also have higher shares because of the better food processing plants and quality Standards in foods. 

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Scope of the Global Food-Grade Phosphate Market 

The study categorizes the Food-Grade Phosphate market based on Type, Application, Form at the regional and global levels.

By Type Outlook (Sales, USD Million, 2019-2033)

• Monocalcium Phosphate (MCP)
• Dicalcium Phosphate (DCP)
• Tricalcium Phosphate (TCP)
• Sodium Phosphates
• Others

By Application Outlook (Sales, USD Million, 2019-2033)

• Baked Goods
• Dairy Products
• Meat and Poultry
• Beverages
• Processed Foods
• Others

By Form Outlook (Sales, USD Million, 2019-2033)

• Powder
• Granular
• Liquid

By Region Outlook (Sales, USD Million, 2019-2033)

• North America 
  • US
  • Canada
  • Mexico
• Europe 
  • Germany
  • Italy
  • France
  • UK
  • Spain
  • Poland
  • Russia
  • The Netherlands
  • Norway
  • Czech Republic
  • Rest of Europe
• Asia Pacific 
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Singapore
  • Australia & New Zealand
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of South America
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Northern Africa
  • Rest of MEA

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Dicalcium Phosphate (DCP) segment accounts for the largest market share by Type

Based on the Type, the market is divided into Monocalcium Phosphate, Dicalcium Phosphate, Tricalcium Phosphate, Sodium Phosphates, Others. The largest segment in the global food-grade phosphate market is constituted by Dicalcium Phosphate (DCP). The major reasons for the wide use of DCP worldwide include versatility in that the product serves multiple functions in diverse food processes, particularly inConfigure baking, dairy and meat industries. As a leavening agent it improves the quality and shelf life of food products and as a pH adjustor, there is need in the food industry. Moreover, there is knowledge found in DCP promoting nutritional properties, including calcium values, which is important from the perspective of higher consumer concerns regarding the health impact of food products. The increased awareness and consumption of healthy products continue to support DCP’s position because manufacturers desire raw materials that have added value and health characteristics. Also, in formulation compatibility with other ingredient undermines the physical and chemical stability of DCP in food products making it a popular option with food processors. Therefore DCP retains its market leadership, notwithstanding its versatile applications and high demand in diverse foods. 

Asia-Pacific accounted for the largest market share by Region

Based on the regions, the global market of Food-Grade Phosphate has been segmented across North America, Europe, the Middle East & Africa, South America, and Asia-Pacific. The Asia-Pacific dominates the Food-Grade Phosphate market. This is because of its fast-growing food and beverage industry, which is stimulated by large population growth and increasing urbanization. The processed and convenience foods markets in countries such as China and India are growing as the changing lifestyle and diet habits of the consumers result in the consumption of more fast and convenient meals. Such an industrial base ensures that food-grade phosphates are easy to source and distribute within this region for the food processors. In addition, growing disposable incomes in this region help enhance the consumption of packaged foods, thereby increasing the demand for phosphates as preservatives as well as a texture agent. Increasing concern regarding food safety and quality standards also fuels the use of food-grade phosphates. The regulation support to enhance the shelf life and safety of the product with the use of food-grade phosphates is also supportive of their use. All these factors make APAC the leading region in the food-grade phosphate market.

Competitive Landscape: Global Food-Grade Phosphate Market 

The global food-grade phosphate market is highly competitive due to the presence of large multinationals and regional players. Industry majors focus more on innovation and product development, as the consumers continue to change their preferences about quality and safety. There are frequent strategic partnerships, mergers, and acquisitions as companies seek to gain an increased market share and build a larger product portfolio.

Major players in the global Food-Grade Phosphate market are: 

• Innophos
• ICL Phosphate Specialty
• Budenheim
• Prayon
• Xingfa Chemicals Group
• Orbia
• Wengfu Group
• Hens Group
• Thermphos
• Fosfa
• Blue Sword Chemical
• Chengxing Industrial Group
• Chuandong Chemical
• Other Major Players

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Recent Development 

• In May 2023, A US company, Innophos Inc, unveiled the new addition to its Levair baking line, which has the sodium aluminum phosphate-replacement advantage. The US leavening chemicals distributor, distributing to the bakery industry said this new product is a calcium-based product, it is an aluminum-free offering in providing the bread industry a clean-label alternative for SALP. Levair Select provides major performance advantages: slow, steady, heat-sensitive rising combined with longer shelf life and maintains product volume and texture with fewer chemical preservatives.