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Europe & MEA Food Phosphate Market size to exceed $300mn by 2026

  • Published Date: June 2, 2020

Europe & MEA Food Phosphate Market size is set to surpass USD 300 million by 2026, according to a new research report by Global Market Insights Inc.

Food phosphates are off-white and low odor to white powders which find extensive usage in food additives. These products offer the ability to enhance the cooking performance and nutritional value of food. Food phosphates find widespread adoption in various food products such as meat products, Jell-O, evaporated milk, canned sauces, chocolate, cheeses, macaroni, and pasta. Industry players are rapidly moving towards adopting food phosphate solutions in an attempt to market their products are effectively and attract young demographics which is likely to boost Europe & MEA food phosphate market outlook.

Food phosphates are easily digestible, rich in minerals, and mix easily in traditional dairy which makes it compatible with various food & beverage preparations. Rapid shift towards high quality food & beverage ingredients and changing consumer perceptions towards nutrition is likely to boost product demand. These products are compatible with plant base dairy preparations which makes them a great alternative to chemically enhanced solutions which is likely to trigger Europe & MEA food phosphate industry demand.

Europe & MEA disodium diphosphate market is set achieve over 5% CAGR as it is utilized in preparing canned seafood products. They reduce the rate of decomposition, help in increasing shelf life and protect against environmental aggressor throughout transportation process. Also, their usage as leavening agents in bread products as a substitute to yeast to make bread rise is expected to drive its product demand. Industry players are rapidly experimenting with various ingredients in an attempt to diversity product portfolio and broaden consumer base which is likely to stimulate Europe & MEA food phosphate market statistics.   

COVID-19 epidemic is likely to restrain market growth as industry players in Europe & MEA are rapidly sourcing and stocking raw material to continue product with limited labor and resources. Furthermore, strict restrictions on trade, shipping, aviation, and transportation is shifting supplier power equilibrium which is likely to result in higher raw material costs.

Browse key industry insights spread across 220 pages with 199 market data tables and 34 figures & charts from the report, “Europe & MEA Food Phosphate Market Analysis By Product (Sodium Phosphate {Monosodium Phosphate, Disodium Phosphate, Trisodium Phosphate, Disodium Diphosphate, Trisodium Diphosphate, Tetrasodium Diphosphate, Pentasodium Triphosphate, Sodium Polyphosphate, Sodium Calcium Polyphosphate}, Potassium Phosphate {Dipotassium Phosphate, Monopotassium Phosphate, Tetra Potassium Pyrophosphate}, Calcium Phosphate, Phosphoric Acid, Ammonium Phosphate, Blended Phosphates), By Application (Bakery Products, Meat And Poultry Products {Chilled Meat, Fresh And Cooked Hams, Chicken And Other Poultry, Sausages} Seafood Products {Frozen Fish, Shellfish, Shrimps}, Dairy Products, Beverages), Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:

Rapid penetration in food & beverage industry to meet growing demand for high quality ingredients is likely to foster Europe & MEA food phosphate industry share

Consumers are rapidly moving high-quality ingredients in food & beverage industry owing to rising awareness on health & safety trends. Food phosphate are also used as preserving agents as they compatible with various packaging solutions such as aluminum cans, pouches, and plastic. They are used as thickening agents in bakery industry owing to its effective binding, negligible taste and odor characteristics. Its high mixability ratio with other natural ingredients makes it an alternative in preparing prepared bakery and confectionery products which should boost Europe & MEA food phosphate market demand.

Europe & MEA market from beverages is likely to surpass USD 60 million by 2026 owing to increasing demand for electrolyte and mineral rich beverages. Industry players are rapidly moving towards fortifying beverage preparations with food phosphates in an attempt to gain recognition in market. Additionally, regular consumption of phosphate induced beverages does not lead to skin acne, allergies, and digestive problems as it does not trigger the production of bile and gastric juices which is likely to boost consumption and augment Europe & MEA industry outlook.

“Europe & MEA food phosphate market from beverages is likely to grow with CAGR of over 3% through 2026 owing to rapid demand for easily digestible and mineral rich beverage solutions”

Increasing demand for chilled meat products and rising meat consumption to boost MEA market demand

MEA food phosphate market is likely to surpass USD 70 million by 2026 owing to rapid demand for easily accessible chilled meat products. Food phosphates are compatible with various types of red & white preparations owing to water retaining and bacteria resisting characteristics. Industry players in the region are rapidly utilizing food phosphates to preserve readymade packaged meat products owing to its high performance and low toxicity nature which is likely to boost product demand.

Shift in consumer preference towards consuming meat products over traditional food products owing to increasing disposable income and changing lifestyles may act as a major contributing factor towards demand of food phosphate in Middle East & Africa. Increasing meat production & processing due to government technical and financial assistance is likely to boost regional food phosphate market trends.

“MEA food phosphate market is likely to grow with CAGR of over 5.5% up to 2026 owing rising demand for prepackaged red & white meat preparations and changing dietary habits”

Players in Europe & MEA food phosphate market are rapidly expanding their production facilities and investing in strategic endeavors in an attempt to gain maximum market share. Also, increasing investment in securing regular raw material supply during COVID -19 crisis and development of indigenous technology is likely to foster Europe & MEA food phosphate market growth. Key players in include Arkema group, Merck KGaA, Anhui Suntran Chemical, Aditya Birla Chemicals, Univar, Prayon, Fosfa A.S., EURODUNA Food Ingredients GmbH, TKI Hrastnik, and ICL Speciality Products, Advance Inorganics, Global Speciality Ingredients, Nutrien Ltd, and Aarti Phosphates.

Authors: Kunal Ahuja, Kritika Mamtani

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