“Global Food Grade Phosphoric Acid Market – Segmented by Food grade Type, Application, and Geography (2018 – 2023)”elaborates the complete details covering product definition, product type, and application. The report covers useful details which are categorized based on Food Grade Phosphoric Acid production region, major players, and product type which will provide a simplified view of the Food Grade Phosphoric Acid industry. The Food Grade Phosphoric Acid market report presents the competitive scenario of the major market players based on the sales revenue, customer demands, company profile, the business tactics used in Food Grade Phosphoric Acid market which will help the emerging market segments in making vital business decisions.
Food Grade Phosphoric Acid Market Segmentation:
This report on Global Food Grade Phosphoric Acid market is a detailed research study that helps provides answers and pertinent questions with respect to the emerging trends and growth opportunities in this industry. It helps identify each of the prominent barriers to growth, apart from identifying the trends within various application segments of the Global market for Food Grade Phosphoric Acid. Collecting historical and recent data from various authentic resources and depending on all the factors and trends, the report presents a figurative estimate of the future market condition, along with compound annual growth rate (CAGR).
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The study comprises a mix of data pertaining to the key restraints, drivers, competitive landscape, regulatory forces, key strategies implemented by the key players, and opportunities, expected to have a profound impact on the scope of growth of the market. A detailed analysis of these factors allows the report to present a reliable forecast regarding the future growth dynamics of the Food Grade Phosphoric Acid.
Global Food Grade Phosphoric Acid market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including MOSAIC, OCP, GUANGXI QINZHOU CAPITAL SUCCESS CHEMICAL CO. LTD., GUIZHOU U-SHARE MATERIALS CO., LTD., AGREMA.
The food grade phosphoric acid market is expected to grow at a CAGR of 7.2% over the forecast period (2018 – 2023).
The European and North American markets are expected to generate demand since recovering from the economy crisis.
Growing demand for preservative food
Sodium tri-polyphosphate has applications in various end-user industries, such as food & beverages, pharmaceuticals, agriculture and cosmetics. The growing demand for preservative food products, especially in urban areas, is driving the food grade phosphoric acid market. The food grade phosphoric acid is used as a food additive in seafood, meat and poultry products for making them firm and smoother. It is also a preservative in fruits juice, vegetable protein drinks and milk products. Thus, the growing demand for food grade phosphoric acid is anticipated to drive the market demand in the end-user industries, such as pharmaceuticals, food & beverages and agriculture. Food-grade phosphoric acid is a common food additive that leads to decreased bone mineral density. The adverse effect of food grade phosphoric acid acts as a restraint to the market.
Increasing applications in bakery products
By type, the market is segmented into food-grade phosphoric acid-75% and food-grade phosphoric acid-85%. The food grade phosphoric acid is used to acidify food products like colas and has a tangy taste. It can also be used to make phosphates used in food products, such as cheese, bakery products, yeast, jams, jellies, vegetable oils and refined sugar. The food-grade phosphoric acid salts are combined with baking soda to produce baking powder, a leavening agent found in many baked goods. Breakfast or cereal bars, bottled coffee beverages, flavored waters, and processed meats are other processed foods that may contain food-grade phosphoric acid. Fresh meat and poultry products are enhanced with salt solutions to increase their moisture and flavor. These solutions also contain food-grade phosphoric acid or phosphate salts.
Asia-Pacific dominates the current demand for food-grade phosphoric acid, among all regions, with manufacturing hubs, such as India and China, consistently extending the requirements. The Asia-Pacific food grade phosphoric acid market is expected to grow owing to the growing application industry. China accounts for the largest share in the Asia-Pacific market, of more than 40%, owing to the rising demand from end-user industries like food & beverages.
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This independent 110 pages report guarantees you will remain better informed than your competition. With over 70 tables and figures examining the Food Grade Phosphoric Acid market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2023.
Reasons to Purchase this Report
- Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
- Market dynamics which essentially consider the factors which are impelling the present market scenario along with growth opportunities of the market in the years to come
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
- Competitive landscape involving the market share of major players along with the key strategies adopted for development in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major market players
- 3 months analyst support along with the Market Estimate sheet (in excel).
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