The global Food Grade Phosphate Market was worth USD 1.34 billion in 2014 and is expected to reach approximately USD 2.31 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 6.27% during the forecast period. Rising demand for meat and eat products alongside developing awareness among consumers in regards to sodium decreases should support food phosphates market. The business may witness remarkable growth inferable from broad application scope in bakery products, dairy, meat and seafood preparing and drink industry. Food grade phosphate is alkaline in nature which helps in keeping up pH level in meat, chicken, fish, and poultry based products. The Unites States poultry meat market was more than 15 million tons in 2015 and is anticipated to achieve significant development in the following years.
Food Grade Phosphate industry -Competitive Insights:
The leading players in the market are Dulux, TKI Hrashtnik, ATP Group, NutriScience Innovations LLC, UniWar, Aditya Birla Group, Haifa Chemicals and Fosfa A.S. A large portion of the prominent players are occupied with coordinated efforts and organizations and product enhancements keeping in mind the end goal to grow business and client base.
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Food Grade Phosphate industry -Regional Outlook and Trend Analysis:
Asia Pacific, drove by Japan, India and China food phosphate market, is anticipated to witness most elevated development. Increasing demand for bakery and dairy products inferable from rising monetary benchmarks alongside changing inclination towards better weight control plans should drive regional industry development. Europe food phosphate market, driven by Italy, France, UK, and Germany, is foreseen to witness relentless development. Rising interest of consumers towards nutritional and healthy food products alongside accessibility of different retail outlet is probably going to drive industry development in this area.
Food Grade Phosphate industry -Type Outlook and Trend Analysis
Sodium phosphate market is foreseen to develop significantly in the following years. Solid application scope in dairy, bakery and meat & seafood processing industry is probably going to boost the development of the market. It is broadly used as a food additive in meat, processed cheese, canned soups and economically bakery products for surface emulsifying and raising properties. Calcium phosphate market size may exhibit significant development in the following years. It discovers application in dairy, nutritional and bakery products.
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Food Grade Phosphate industry -Application Outlook and Trend Analysis
Food phosphate market from dairy application is foreseen to encounter solid development. It is conspicuously used as a part of cheddar processing by helping smooth blending of fats, protein, and moisture in evaporated milk, hence resulting in top notch cheddar with easy slicing spread ability, smooth melt and thickness. Expanding astounding cheddar request from fast food industry ought to boost the demand.
The Food Grade Phosphate Market is segmented as follows-
Food Grade Phosphate Market, By Type, Estimates and Forecast, 2014-2023 ($Million)
Food Grade Phosphate Market, By Application, Estimates and Forecast, 2014-2023 ($Million)
Food & Beverages
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Major TOC of Food Grade Phosphate Market:
Chapter4.Food Grade Phosphate Market, By Type
4.2. Global Food Grade Phosphate Sales, Revenue and Market Share by Type (2014-2017)
4.2.1. Global Food Grade Phosphate Sales and Sales Share by Type (2014-2017)
4.2.2. Global Food Grade Phosphate Revenue and Revenue Share by Type (2014-2017)
4.3. Food Grade Phosphate Market Assessment and Forecast, By Type, 2014-2023
4.4. Ammonium Phosphate
4.4.1. Market Assessment and Forecast, By Region, 2014-2023($Million)
4.5. Sodium Phosphate
4.5.1. Market Assessment and Forecast, By Region, 2014-2023($Million)
4.6. Potassium Phosphate
4.6.1. Market Assessment and Forecast, By Region, 2014-2023($Million)
4.7. Calcium Phosphate
4.7.1. Market Assessment and Forecast, By Region, 2014-2023($Million)
4.8. Magnesium Phosphate
4.8.1. Market Assessment and Forecast, By Region, 2014-2023($Million)
4.9. Ferric Phosphate
4.9.1. Market Assessment and Forecast, By Region, 2014-2023($Million)
4.10. Blended Phosphate
4.10.1. Market Assessment and Forecast, By Region, 2014-2023($Million)
Chapter5. Food Grade Phosphate Market, By Application
5.2. Global Food Grade Phosphate Sales, Revenue and Market Share by Application (2014-2017)
5.2.1. Global Food Grade Phosphate Sales and Sales Share by Application (2014-2017)
5.2.2. Global Food Grade Phosphate Revenue and Revenue Share by Application (2014-2017)
5.3. The Food Grade Phosphate Market Assessment and Forecast, By Application, 2014-2023
5.4. Food & Beverages
5.4.1. Market Assessment and Forecast, By Region, 2014-2023($Million)
5.5. Animal Feed
5.5.1. Market Assessment and Forecast, By Region, 2014-2023($Million)
5.6.1. Market Assessment and Forecast, By Region, 2014-2023($Million)
Chapter6. Food Grade Phosphate Market, By Region
Chapter7. Company Profiles
Chapter8. Global Food Grade Phosphate Market Competition, by Manufacturer
Chapter9. Food Grade Phosphate Market Forecast (2018-2023)
…CONTINUED FOR TOC
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