Report overview
Food-grade phosphates are used in the production of foods to function as buffers, sequestrants, acidulants, bases, flavors, cryoprotectants, gel accelerants, dispersants, nutrients, precipitants, and as free-flow (anticaking) or ionexchange agents. The actions of phosphates affect the chemical leavening of cakes, cookies, pancakes, muffins, and doughnuts; the even melt of processed cheese; the structure of a frankfurter; the bind and hydration of delicatessen meats; the fluidity of evaporated milk; the distinctive flavor of cola beverages; the free flow of spice blends; the mineral content of isotonic beverages; and the light color of par-fried potato strips.
This report aims to provide a comprehensive presentation of the global market for Phosphate for Food, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Phosphate for Food. This report contains market size and forecasts of Phosphate for Food in global, including the following market information:
Global Phosphate for Food Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Phosphate for Food Market Sales, 2018-2023, 2024-2029, (K MT)
Global top five Phosphate for Food companies in 2022 (%)
The global Phosphate for Food market was valued at US$ 2376.4 million in 2022 and is projected to reach US$ 2678.1 million by 2029, at a CAGR of 1.7% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Globally, the food-grade phosphate market is mainly driven by growing demand for meat, sea food and beverage which account for nearly 75% of total downstream consumption of food-grade phosphate in global in 2016.
Based on types of food-grade phosphate available in the market, the report segments the market into STPP, SHMP, SAPP, TSPP and other food-grade phosphate (DSP, TSP, STMP, etc.). The market for STPP accounted for the largest market share in 2019, followed by SHMP, SAPP and TSPP, etc.
According to our research and analysis, manufacturers from China, USA, Germany, France, Belgium, Mexico, Thailand, Japan, etc., are the leaders in global market of food-grade phosphate. Despite the presence of competition problems, limiting of natural resources and low industry profits, there are few investments to enter the field at present.
At present, the major manufacturers of food-grade phosphate are ICL Phosphate Specialty, Innophos, Prayon, Budenheim, Xingfa Chemicals Group, Blue Sword Chemical, Fosfa, Chengxing Industrial Group, Orbia (Quimir), Wengfu Gene-Phos Chem, Chuandong Chemical, Hens, Thermphos, Aditya Birla Chemicals, Mianyang Aostar, Rin Kagaku Kogyo, Tianjia Chem, Nippon Chemical, Tianrun Chemical, Huaxing Chemical, Hindustan Phosphates; the revenue of top ten manufacturers accounts about 62% of the total revenue in 2019. The high-end products mainly come from Europe and North America.
We surveyed the Phosphate for Food manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Phosphate for Food Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Phosphate for Food Market Segment Percentages, by Type, 2022 (%)
STPP
SHMP
SAPP
TSPP
Others
Global Phosphate for Food Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Phosphate for Food Market Segment Percentages, by Application, 2022 (%)
Meat
Seafood
Beverage
Other
Global Phosphate for Food Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K MT)
Global Phosphate for Food Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Phosphate for Food revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Phosphate for Food revenues share in global market, 2022 (%)
Key companies Phosphate for Food sales in global market, 2018-2023 (Estimated), (K MT)
Key companies Phosphate for Food sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
ICL Phosphate Specialty
Innophos
Prayon
Budenheim
Xingfa Chemicals Group
Blue Sword Chemical
Fosfa
Chengxing Industrial Group
Orbia (Quimir)
Wengfu Gene-Phos Chem
Chuandong Chemical
Hens
Thermphos
Aditya Birla Chemicals
Mianyang Aostar
Rin Kagaku Kogyo
Tianjia Chem
Nippon Chemical
Tianrun Chemical
Huaxing Chemical
Hindustan Phosphates
Outline of Major Chapters:
Chapter 1: Introduces the definition of Phosphate for Food, market overview.
Chapter 2: Global Phosphate for Food market size in revenue and volume.
Chapter 3: Detailed analysis of Phosphate for Food manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Phosphate for Food in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Phosphate for Food capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
