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The Food Grade Phosphoric Acid market is segmented by Application (Food, Beverage, and Pharmaceutical) and Geography.
Fastest Growing Market:
Global food grade phosphoric acid market is projected to grow at a CAGR of 3.98% during the forecast period 2020-2025.
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.
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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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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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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.
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
3.1 Market Overview
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Application
5.2.1 North America
22.214.171.124 United States
126.96.36.199 Rest of North America
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
220.127.116.11 Rest of Asia-Pacific
5.2.4 Rest of the World
18.104.22.168 South America
22.214.171.124 Middle East
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Brenntag AG
6.3.2 Arkema Group
6.3.3 Guangxi Qinzhou Capital Success Chemical Co. Ltd
6.3.4 OCP SA
6.3.5 Grasim Industries Limited
6.3.6 Merck KGaA
6.3.7 Spectrum Chemical Manufacturing Corp.
6.3.8 Prayon SA
6.3.9 Emco Dyestuff Pvt Ltd
6.3.10 Vinipul Inorganics Private Limited
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability