Western Europe Food Phosphate Market Analysis

Western Europe Food Phosphate Market Analysis

Sodium phosphate market surpassed USD 16.40 million in 2020 and is projected to show growth at a 5.5% CAGR through 2027 owing to the increasing use of sodium phosphate to regulate the pH of processed meat products such as deli meat and canned tuna. It also performs various other functions including thickening food and curing meat & meat products. It can also be used as a leavening & emulsifying agent.
 

The monosodium phosphate product segment was around USD 2.50 million in 2020 and is projected to show growth of 7% CAGR from 2021 to 2027. The use of monosodium phosphate in meat and seafood products have increased significantly owing to its thickening and emulsifying properties. Easy availability coupled with abundant supply across the region, and optimum functionality is increasing the product demand.
 

The disodium phosphate product segment is projected to show growth at a 4.5% CAGR through 2027. The demand for disodium phosphates has surged over the past few years owing increasing demand for colour additives and preservatives from the meat processing sector.
 

The meat & poultry products application segment in the food phosphate market is expected to account around USD 44.75 million in 2027 and is projected to exhibit growth at a CAGR of 5.5% from 2021 to 2027. Phosphate plays a vital role in improving the water-binding capacity, flavour stability, and protein functionality of canned & processed meat products. Alkaline phosphates, such as Sodium Tripolyphosphate (STP), increase the Water-Holding Capacity (WHC), extract muscle proteins, and increase cook yield.
 

Food phosphate also helps to preserve meat color, reduce oxidative rancidity and microbial growth, and increase flavor retention in meat & poultry products. Thus, increasing consumer preference for canned & processed meat and poultry products due to the convenience factor, busy lifestyle of the consumers should accelerate the demand for food phosphate.  
 

The chilled meat application segment is projected to show growth at a 5.5% CAGR through 2027 owing to rising frozen meat consumption due to hectic lifestyles and busy work schedules. Food phosphates are mainly used to hold moisture in the sausage. Shift of consumers towards convenience meat and poultry products, such as sausages, from the household and foodservice sector has been boosting the Western Europe food phosphate market.
 

France food phosphate market crossed USD 9.45 Million in 2020 and is projected to grow at a CAGR of over 6.5% during the forecasted period. Food phosphate helps to hold a higher quantity of water in poultry and meat products during cooking which helps in enhancing the juiciness, colour, and flavour of meat products. Thus, rising awareness about the advantages offers by food phosphate products in meat, pouty, and seafood products among food producers is projected to accelerate the market share.
 

The well-established meat processing sector and presence of a large number of meat and poultry processing companies in France provides a wide customer base the food phosphate products. Additionally, increasing production of meat and poultry products such as meatballs, meat patties, canned meats, steaks, hot dogs, ham, pork fillets, and chicken breast provide a huge opportunity for the Western Europe food phosphate market trends.
 

Higher consumer spending on processed meat products along with rising demand for shelf-stable frozen meat and seafood products should drive the product demand in France. Increasing use of chilled meat, fresh & cooked hams, frozen fish products, and sausages from foodservice sector is projected to drive the Western Europe food phosphate market revenue in the projected period.