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Food Grade Phosphoric Acid Market - Growth, Trends and Forecasts (2020 - 2025)

The Food Grade Phosphoric Acid market is segmented by Application (Food, Beverage, and Pharmaceutical) and Geography.

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

Asia

Largest Market:

Asia Pacific

CAGR:

3.98 %

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Market Overview

Global food grade phosphoric acid market is projected to grow at a CAGR of 3.98% during the forecast period 2020-2025.

  • Phosphoric acid is a strong inorganic acid that is colorless and odorless. It is an indispensable additive, often found in colas and other dark-colored carbonated sodas. The strength and flavor hold a neutral profile of food grade phosphoric acid, making it a desirable choice for low-pH foods and beverages. Moreover, high consumption in food sector remained one of the key factors, driving market studied, during the forecast period.
  • By geography, Asia-Pacific accounted for the largest share, in 2019. Owing to the production consolidation in China, the region also remained the largest consumer of phosphoric acid with majority being directed to food applications.

Scope of the report

The food grade phosphoric acid market is segmented by application and geography. Based on the application, the market is segmented into food, beverage, and pharmaceutical. Based on geography, the study provides an analysis of the food grade phosphoric acid market in the emerging and established markets across the world, including North America, Europe, Asia-Pacific, and rest of the World.

By Application
Food
Beverage
Pharmaceutical
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Germany
United Kingdom
Italy
Spain
France
Rest of Europe
Asia-Pacific
India
China
Japan
Australia
Rest of Asia-Pacific
Rest of the World
South America
Middle East
Africa

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Key Market Trends

Increasing Demand as a Food Additive

The market studied is increasingly being driven by its evolving role as a food additive in a variety of processed food products. Thus, the growing demand for preservative food products, especially in the beverage industry, is providing the thrust to the market. The inorganic chemical is used to acidulate cola-type beverages. The pure food-grade phosphoric acid is an important food additive in food sauces, mayonnaise, and fruit juices. Sodium and potassium phosphate salts serve as food preservatives. Phosphates in processed foods can not only maintain and improvise structure, color, flavor, and other sensory attributes of the food, but also improve performance in baked food items by achieving optimum leavening.

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Asia-Pacific is the Largest Market

The food grade phosphorus acid and phosphates have gained strong benefits from the rapid development of the food processing industry in countries, like China and India, and other developing countries. Also, the Chinese government estimated that the annual demand for food-grade phosphoric acid from China might reach more than 200,000 metric ton, in the upcoming years. Most of the manufacturers are consistently expanding production capabilities in order to cater to the growing demand for food-grade phosphoric acid. Factors, such as high production rate and lower labor rates, have led developing countries to account for the major share of the food grade phosphoric acid market in the region.

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Competitive Landscape

The leading players in the food grade phosphoric acid market enjoy a dominant presence worldwide. These players focus on leveraging opportunities posed by emerging markets to expand their product portfolio so that they can cater to the requirements for various industries, especially the food processing industry. Some of the major players, such as Guangxi Qinzhou Capital Success Chemical Co. Ltd, Grasim Industries Limited, and Vinipul Inorganics Private Limited, among others.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Force Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Application

      1. 5.1.1 Food

      2. 5.1.2 Beverage

      3. 5.1.3 Pharmaceutical

    2. 5.2 Geography

      1. 5.2.1 North America

        1. 5.2.1.1 United States

        2. 5.2.1.2 Canada

        3. 5.2.1.3 Mexico

        4. 5.2.1.4 Rest of North America

      2. 5.2.2 Europe

        1. 5.2.2.1 Germany

        2. 5.2.2.2 United Kingdom

        3. 5.2.2.3 Italy

        4. 5.2.2.4 Spain

        5. 5.2.2.5 France

        6. 5.2.2.6 Rest of Europe

      3. 5.2.3 Asia-Pacific

        1. 5.2.3.1 India

        2. 5.2.3.2 China

        3. 5.2.3.3 Japan

        4. 5.2.3.4 Australia

        5. 5.2.3.5 Rest of Asia-Pacific

      4. 5.2.4 Rest of the World

        1. 5.2.4.1 South America

        2. 5.2.4.2 Middle East

        3. 5.2.4.3 Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Brenntag AG

      2. 6.3.2 Arkema Group

      3. 6.3.3 Guangxi Qinzhou Capital Success Chemical Co. Ltd

      4. 6.3.4 OCP SA

      5. 6.3.5 Grasim Industries Limited

      6. 6.3.6 Merck KGaA

      7. 6.3.7 Spectrum Chemical Manufacturing Corp.

      8. 6.3.8 Prayon SA

      9. 6.3.9 Emco Dyestuff Pvt Ltd

      10. 6.3.10 Vinipul Inorganics Private Limited

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

** Subject to Availability

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