Food Grade Phosphate Market by Product (Ammonium Phosphate, Sodium Phosphate and Calcium Phosphate)
Industry: Food and Beverages
Published Date: March-2023
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 349
Report ID: PMRREP16948
Persistence Market Research (PMR) estimates the market for Food Grade Phosphate at US$ 28,966.9 Million for 2023 and it is anticipated to grow at value CAGR of 2.9% to touch valuation of around US$ 38,122 Million by end 2033. The increasingly growing consumption in food and beverage industry is expected to fuel the market demand in the forthcoming years.
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Food Grade Phosphate Market Size (2023E) |
US$ 28,966.9 Million |
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Projected Sales of Food Grade Phosphate (2033F) |
US$ 38,122 Million |
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Value CAGR (2023 to 2033) |
2.9% |
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Value Share of Top 4 Countries (2022E) |
38.7% |
According to Persistence Market Research analysis, the food grade phosphate market experienced moderate growth rate of 2.5% in the past few years (2018 to 2022). The sales incurred during the historical period is valued at 22.867 Million for 2018 and 27,864 Million for 2022. The market witnessed high growth in animal feed industry during preceding years, owing to essential nutrients rendered by food grade phosphate to maintain animal health.
Food-grade phosphates are utilized in the production of foods to function as bases, flavors, gel accelerants, dispersants, precipitants, buffers, and nutrients. It is a key ingredient which act as flavor enhancer, provides moistness to meat products and function as leaving agent in bakery products.
The Food and Drug Administration (FDA) has sanctioned the utility of food grade phosphate by adhering set guidelines regarding usage. The Food grade phosphates are known to increase the shelf life of the food products by repressing the growth of harmful bacteria present in it.
In next few years, the food grade phosphate is estimated to be valued at US$ 38,122 Million for 2033 and is predicted to expand 2.9% attributing to the versatile application of food grade phosphate in numerous end use industry.
“Shifting Customer Preference towards Mineral Rich and Fortified Food and Beverages”
The rising demand for fortified and mineral rich food is a factor fueling the growth of the food grade phosphate market. With the increasing number of health conscious consumers the demand for mineral rich food is increasing as the food indulged by consumers today are processed a lot which takes away the necessary minerals required by the body and do not fulfill the need of the consumers.
Mineral rich and fortified food are seen as alternatives for the different supplements which were taken by core supplement users for health benefits. Increasing disease occurrence has led to increase in the mineral rich food and beverages thus driving the market for food grade phosphates which serves the need of the customers for mineral rich intake.
Fosfa a.s. provides functional blends of phosphates for nutritional fortification in the food industry
“Increasing Consumer Base for Products Containing Phosphate to Increase Demand for Food Grade Phosphates”
Consumers are nowadays preferring the phosphate-based products owing to natural properties associated with its consumption. Due to this, food manufacturers are developing products with phosphate contents in order to promote specific health benefits. Food phosphate is harnessed in various foods to impart desirable qualities by providing flavor and enhancer. For instance, food and beverages manufacturers are using phosphates as it is essential for growth, repair, and regulation of vital body functions.
The rapidly increasing urban populations in countries such as India, China and Brazil and in regions such as the Middle East, is expected to lead to increasing demand for food products rich in phosphate content. Consumers are focusing on purchasing products with enhanced nutritive value and thus demand for food products that contain phosphate is increasing, which in turn is driving demand for food grade phosphate across the globe.
“Large Spectrum of Food Display across Retail Formats to Increase the Sales for Food Grade Phosphate”
Consumer preferences are catered with varied product offerings and displayed to target consumer needs and demand. Increasing consumer awareness regarding benefits from food grade phosphate products is driving demand for such food products.
Many key retailers have formed a new category for natural and functional products to target the consumer needs. A substantial percentage of total sales of food products takes place through organized retail format, globally. With economies of countries in the region growing, the retail chain is also expected to exhibit substantial growth. Owing to increasing preference for healthy food products, retail chains are increasingly offering such products and this is expected to fuel demand for food grade phosphates.
Major retailers such as Wal-Mart Stores, Inc., Kroger Company, Tesco PLC, and Carrefour are creating large spectrum of food product display. This range comprises foods made either from a wide variety of additives or ingredients.
“Stringent Norms by the Government for Food Grade Phosphates”
Food grade phosphate are used as additives for enhancing the texture and stabilization. The norms for food additives are very stringent as food additives can cause various reactions like skin problems along with digestive disorders, nervous disorders, and respiratory problems. Manufacturers have to abide by the rules with following the quantity prescribed, and describing the acceptable criteria of purity thus limiting the development for food grade phosphates.
Different regulatory bodies like European Food Safety Authority, United States Food & Drug Administration, Food Safety and Standard Authority of India look after the safety concerns of the food additives in order to deliver quality and safe products.
Which region is leading the global Food Grade Phosphate market?
Europe is predicted to dominate the food grade phosphate market by holding the value share of above 23.9% for 2023. The Europe incurred the revenue of around 6,929.90 Million during the estimated years and is anticipated to grow at a value CAGR of 3.6%.
Which are the potential countries exhibiting high growth in the food grade phosphate space?
Canada, Australia, India, Brazil and GCC countries are anticipated to show high demand for food grade phosphate in the forthcoming years, since the demand for food grade phosphate is growing at high rate of above 4.0%.
Which type of Food Grade Phosphate holds the highest value share in the global market?
Based on the type, the market is segment into ammonium phosphate, sodium phosphate, potassium phosphate, calcium phosphate, and others. Ammonium phosphate as food grade phosphate has 62.6% global value share as it is an effective fertilizer, with good water solubility and rapid dissolving abilities along with increased applications in the food and beverage industry.
On the basis of application, which end use industry exhibit high demand?
Based on application, the food grade phosphate market is segmented into food and beverages, meat & seafood, agriculture and animal feed. The agriculture segment holds the highest value share of above 70%, owing to phosphate used in nourishment of soil and helps in plant maturation, and seed development.
The key manufacturers operating in Food Grade Phosphate market are carrying out various acquisitions to increase its market presence along with expanding existing production capacity with the increasing demand of food grade phosphates. The key players are also carrying out research and investing in technologies for developing phosphates with increased application in food and beverage industry.
Investing in specific segments of interest has been a strategy to surgically advance into the market as well. This helps cut down unnecessary expenditure for companies and benefits both the parties by employing expertise from both the companies. Moreover, acquiring quality accreditations remains the foremost growth strategy in food grade phosphate space.
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Details |
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Forecast period |
2023 to 2033 |
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Historical data available for |
2018 to 2022 |
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Market analysis |
USD million for value |
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Key regions covered |
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Key countries covered |
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Key market segments covered |
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Key companies profiled |
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Report coverage |
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Customization & pricing |
Available upon request |
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The global market for Food Grade Phosphate has a value of US$ 28,966.9 Mn in 2023.
The global market for Food Grade Phosphate has a value CAGR of 2.5% from 2018-2022.
The global market for Food Grade Phosphate has a value of US$ 38,122 Mn in 2033.
The global market for Food Grade Phosphate has a value CAGR of 2.9% from 2023-2033.
Companies such Prayon S.A., ICL, PhosAgro Group , Ettlinger Corporation and more are some of the major players operating in the global Food Grade Phosphate market.
