Food Phosphate Market Size By Product (Sodium Phosphate [Sodium Tripolyphosphate (STPP), Sodium Acid Pyrophosphate], Potassium Phosphate [Dipotassium, Monopotassium, Tetra Potassium], Calcium Phosphate, Phosphoric Acid, Ammonium Phosphate), By Application (Dairy, Bakery Products, Meat & Seafood Processing, Beverages), Regional Outlook, Competitive Market Share & Forecast, 2016 – 2027

Industry Trends

Food phosphate market size exceeded USD 2.5 Billion, in 2020 and is estimated to grow at over 6% CAGR between 2021 and 2027. Widespread usage of food phosphates in bakery industry due to dough conditioning, yeast stimulating, and leavening properties should fuel food phosphate product demand. Additionally, food phosphates improve texture, water retention, pH stabilizing and quality leading to their wide usage in baked goods manufacturing and increasing bakery products palatability. In the recent past, the demand for bakery product has shown noticeable difference due to the virtue of changing snacking choices as well increasing desire of eating baked good. Rise in demand for various bakery products such as pizzas, cakes, pastries, biscuits, rolls and doughnuts along with availability of various manufacturers across the globe is propelling industry outlook.
 

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Phosphates hold more water in meat and poultry product during cooking which helps in enhancing flavour, juiciness and colour of the products. It has a wide range of applications in meat balls, canned meats, meat patties, steaks, roast, ham, hot dogs, chicken breast and pork fillets. Moreover, it is also used in sea foods as a pH regulator and to minimize crystal formation. Shifting consumer preferences towards consumption of dairy products owing to health concerns along with growing demand for high quality cheese and supporting regulations regarding cheese consumption is likely to stimulate food phosphate market trends over the forecast period.
 

Increasing demand for convenient food products should contribute towards the demand for calcium phosphate

Global food phosphate market from calcium phosphate application is set to register a CAGR of over 6% through 2027 as it acts as acidity regulator in baking powder and is used as bread enhancer. In addition to this, bread is a convenient food product, and is observing rising demand for its convenience which is one of the significant factors supporting market share.
 

The rising consumer awareness and ease of affordability is creating favourable growth patterns in the food phosphate industry. In canned vegetables, it binds metal ions which leads to increased antioxidant activity resulting into to stabilization of texture, thus gaining traction in the food & beverage industry. Additionally, it also acts as thickening agent while processing of chicken, stabilizes and firms the foods. It can be used to blend oil and water-based ingredients, retain moisture, treat flour and regulate acidity across the food processing industry.
 

Robust demand for fortified functional beverages is likely to boost market demand from beverage application

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Global food phosphate market revenue from beverage segment is likely to surpass USD 545 million by 2027 owing to increasing usage in many functional, sports and nutritional products. Also, it is used in to enhance cola flavour and regulates acidity in beverages. Growing demand for carbonated and processed drinks along with increasing product usage in sports nutritional drink is supporting the market outlook.
 

Beverages like tea or fruit drinks also can be fortified with phosphates which creates lucrative growth opportunities in the market. Phosphates can be added to juice for calcium but doesn’t affect the taste of juice like soy based- beverage. Phosphate additives helps in dispersion of soy proteins in drinks and adds calcium minerals, while other phosphate salts provide potassium in juices and offer the colour stability which should support the industry demand.
 

Upsurge In The Demand For Food Additive Should Drive The Market Growth From Ammonium Phosphate Product Type

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Food phosphate market from ammonium phosphate segment is likely to exceed USD 110 million by 2027 as it is often used in baking as a leavening agent. Ammonium phosphates are of two types mono-ammonium and di-ammonium phosphates. Di ammonium phosphate need two stage reactor system to prevent loss of ammonia, thus, it is very commonly used as fermentation agent. Its typical applications include a yeast nutrient in wine making and in brewing mead.
 

Ammonium phosphate also find applications in dough strengthening, thereby it has wider acceptance in the bakery industry. Further, increasing usage of ammonium phosphate as additives in barter, shrimp flavored chips, and other aquatic products are fueling the food phosphate industry outlook. Ammonium phosphate segment will witness strong gains owing to the growth of wine making industry across the globe.
 

Intensifying demand for bakery products is stimulating food phosphate consumption in North America

North America food phosphate market is poised to exceed USD 600 million by 2027 owing to surge in demand for bakery & confectionery products. Increasing consumer focus on high- protein diets along with greater affordability has driven market statistics. Monocalcium phosphate is commonly used in baked goods as it has high naturalizing value and is very fast acting. Additionally, improving texture and baking aspects of the bakery products such as cake, and cookies manufacturers are opting for phosphate, in order to add nutrition value with no side effects. This has turned into massive demand for the market.
 

Moreover, the demand for the baked products such as biscuits, toast, cupcakes has also increased owing to numerous factors such as increasing demand for ready-to-eat food with adequate nutrition value. Additionally, consumers are practicing fitness activities that enhance well-being, by consuming fortified food. Thus, food phosphate market is rapidly picking up pace in the region.
 

R&D Initiatives and New Product Launches to be Key Business Strategies Incorporated by Manufacturers

Global food phosphate market is fragmented, and key players includes XINGFA USA Corp.,  Sulux Phosphates Ltd., Haifa Chemicals Ltd., Hawkins, Inc., Fosfa a.s., Aditya Birla Chemicals,Natural Enrichment Industries LLC, ATP Group, Budenheim, Univar Inc., Sichuan Zhituo Biochem Technology, Saminchem Co. Ltd., The Mosaic Company, NutriScience Innovations, LLC FBC Industries Inc., ChemSol LLC, Agrium, Inc.,Prayon, TKI Hrastnik, TKI Hrastnik,  ICL- Performance Products, Potash Corp., Innophos, Inc., and Brewcraft USA.  
 

The other players and emerging companies are taking initiative in the market owing to its wider acceptance in many of the end use industries which includes dairy, bakery, beverages and other processing food. Furthermore, manufacturers are also engaged in several acquisition, mergers and development activities. For instance, On 28^th July 2020, Hawkins, Inc., is known for offering animal & human health products. The company offers a wider array of food phosphate which includes monosodium phosphate, liquid dipotassium phosphate, dipotassium phosphate, and liquid mono potassium phosphate. Hawkins, Inc., has completed its acquisition of American Development Corporation of Tennessee, Inc. which is likely to strengthen its market position in the U.S.
 

Food phosphate market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume (Kilo Tons Units) and revenue in USD million from 2016 to 2027 for the following segments:

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By Product

• Sodium Phosphate
  • STPP
  • Sodium Acid Pyrophosphate
• Potassium Phosphate
  • Dipotassium Phosphate
  • Monopotassium Phosphate
  • Tetrapottasium Pyrophosphate
• Calcium Phosphate
• Phosphoric Acid
• Aluminum Phosphate

By Application

• Dairy
• Bakery Products
• Meat & Seafood Processing
• Beverages

The above information has been provided for the following regions:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Thailand
  • Indonesia
  • Australia
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa