Global Food Grade Phosphates Market - Forecast(2023 - 2028)

Global Food Grade Phosphates Market size is estimated to reach $3.8 billion by 2027, growing at a CAGR of 5.6% during the forecast period 2022-2027. Food grade phosphates are compounds included to generate different products like cheese, dairy products, cake, biscuits, meat, and soft drinks to enhance flavor and moistness of food products. Food grade Tricalcium Phosphate is principally utilized as an anticaking agent. Anticaking agents are very beneficial in averting the formation of lumps (caking) in food products. Food-grade sodium phosphate is acknowledged by the U.S. Food and Drug Administration (FDA) as secure for intake. It is frequently utilized as an additive in processed food manufacturing. Food grade phosphates may be utilized as leavening agents offering greater flexibility to cake products. Food Grade Phosphates are materials which assist in improving flavor and moistness in frozen meat products, frozen seafood products, and other food products. Dipotassium phosphate (DKP) is a water-soluble salt and a food additive that is an integration of phosphorus and phosphate.

The alkaline characteristic of food grade phosphates assists in keeping up the pH in poultry, meat, fish and chicken-based products which is set to drive the Global Food Grade Phosphates Market. The activities of phosphates as a leavening agent influence the chemical leavening of cakes, cookies, pancakes, muffins and doughnuts and this is set to propel the growth of the Global Food Grade Phosphates Market during the forecast period 2022-2027. This represents the Global Food Grade Phosphates Industry Outlook.

Report Coverage

The report: “Global Food Grade Phosphates Market Forecast (2022-2027)”, by Industry ARC, covers an in-depth analysis of the following segments of the Global Food Grade Phosphates Market.

By Product Type: Sodium Phosphate, Calcium Phosphate, Ferric Phosphate, Ammonium Phosphate, Potassium Phosphate, Magnesium Phosphate, Blended Phosphate.
By Application: Dairy, Nutrition, Frozen Food, Bakery & Confectionery, Meat & Seafood Processing, Beverages, Agriculture, Animal Feed.
By Geography: North America (U.S, Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia, Rest of South America), and Rest Of The World (Middle East, Africa).

Key Takeaways

• Geographically, Asia-Pacific Global Food Grade Phosphates Market accounted for the highest revenue share in 2021 and it is poised to dominate the market over the period 2022-2027 owing to the heightening demand for processed food involving application of sodium phosphate in the Asia-Pacific region.

• Global Food Grade Phosphates Market growth is being driven by the surging applications of food grade phosphates in the creation of foods to perform as buffers, sequestrants, acidulants, bases, flavors, cryoprotectants, dispersants, nutrients, precipitants and as free-flow (anticaking) or ion-exchange agents. However, consuming numerous foods including sodium phosphate additives can increase phosphate levels in the body to an unhealthy level and investigations have connected soaring levels of phosphate with conditions like heart disease, reduced bone density, premature aging, kidney issues and even early loss of life and this is one of the major factors hampering the growth of Global Food Grade Phosphates Market. 

• Global Food Grade Phosphates Market Detailed Analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the Global Food Grade Phosphates Market report. 

Global Food Grade Phosphates Market: Market Share (%) by Region, 2021

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Global Food Grade Phosphates Market Segment Analysis – By Product Type:

The Global Food Grade Phosphates Market based on product type can be further segmented into Sodium Phosphate, Calcium Phosphate, Ferric Phosphate, Ammonium Phosphate, Potassium Phosphate, Magnesium Phosphate and Blended Phosphate. The Sodium Phosphate Segment held the largest market share in 2021. This growth is owing to the surging application of sodium phosphate as food additive in food and beverages. Food grade sodium phosphate is utilized as food additives, owing to its rare characteristics like buffering capacity, sequestration and water retention capability. The proliferating demand for convenience food is further propelling the growth of the Sodium Phosphate segment.

Furthermore, the Calcium Phosphate segment is estimated to grow with the fastest CAGR of 6.7% during the forecast period 2022-2027 owing to the extensive application of calcium phosphate in nutritional, dairy and bakery products together with its application as a leavening agent in baking.

Global Food Grade Phosphates Market Segment Analysis – By Application:

The Global Food Grade Phosphates Market based on application can be further segmented into Dairy, Nutrition, Frozen Food, Bakery & Confectionery, Meat & Seafood Processing, Beverages, Agriculture and Animal Feed. The Bakery & Confectionery Segment held the largest market share in 2021. This growth is owing to the surging application of food grade phosphates in bakery and confectionery. Dipotassium phosphate is typically utilized as a food additive, fertilizer, and buffering agent. The proliferating applications of dipotassium phosphate as buffering agent in food production like in bakery to enhance texture are further propelling the growth of this segment.

Furthermore, the Meat & Seafood Processing segment is estimated to grow with the fastest CAGR of 6.9% during the forecast period 2022-2027 owing to the increased application of food grade phosphates including sodium phosphate in frozen meat products and frozen seafood products.

Global Food Grade Phosphates Market Segment Analysis – By Geography:

The Global Food Grade Phosphates Market based on geography can be further segmented into North America, Europe, Asia-Pacific, South America and Rest of the World. Asia-Pacific (Global Food Grade Phosphates Market) held the largest share with 45% of the overall market in 2021. The growth of this region is owing to the fortification of production in China in the Asia-Pacific region. Sodium phosphate and potassium phosphate salts act as food preservatives. The soaring advantages gained by food grade phosphates from the accelerated progress of the food processing industry in countries like China and India is further propelling the growth of the Global Food Grade Phosphates Market in the Asia-Pacific region.

Furthermore, the North America region is estimated to be the region with the fastest CAGR rate over the forecast period 2022-2027. This growth is owing to factors like leverage of outstanding organizations connected to agriculture, food and feed industry in the North American region. Sodium phosphate is utilized as a food additive to control acidity in some dishes. The soaring manufacturing and developing prospects for producing food grade phosphates together with organized retail formats are further fuelling the progress of the Global Food Grade Phosphates Market in the North American region.

Global Food Grade Phosphates Market Drivers

Surging Applications Of Food Grade Phosphates Are Projected To Drive The Growth Of Global Food Grade Phosphates Market:

Eco Agri has developed food grade phosphates which are categorized into specialty and blended phosphates. Food grade phosphates are applied in the food processing industry as buffers, emulsifiers, nutrients and discoloration inhibitors. They are principally utilized in frozen and cured meat, fisheries, bakery products, milk, cheese, powdered food, breakfast cereals and in pet food, animal feed products and dehydrated potatoes. They are also utilized in making toothpastes. The blended phosphates offer synergistic impact in seafood, meat and cheese applications. Dipotassium phosphate is utilized as a buffering agent and as an emulsifier in the preparation of coffee creamer. Nearly 20% of muscle food applications involve the utilization of Sodium tripolyphosphate (STPP) in blends with sodium hexametaphosphate (SHMP, also termed sodium polyphosphates, glassy), tetrasodium pyrophosphate (TSPP), and/or sodium acid pyrophosphate (SAPP). The surging applications of food grade phosphates are therefore fuelling the growth of the Global Food Grade Phosphates Market during the forecast period 2022-2027.

Soaring Innovations Involving Functional Phosphates Are Expected To Boost The Demand Of Global Food Grade Phosphates:

Functional phosphates are fueling innovation of meat processing. Restricted by the U.S. Dept. of Agriculture to not surpass 5,000 parts per million in finished meat and poultry products, phosphates are a powerful constituent to help processors with delivering on quality and performance. When protein is in its isoelectric point, which is at around pH 5.1, it does not bind water very well. However, when meat protein is charged, it draws water and binds it. Protein gets charged by decreasing or increasing its pH. It is one of the operations of phosphates. The essential operations are pH alteration and protein alteration. From a USDA labeling perspective, phosphates require to be only announced as “sodium phosphate,” or in the case of the novel generation of no-sodium phosphates, then “potassium phosphate.” Suitable choice and application of phosphates can boost yields by more than 10 percent, thereupon decreasing shrinkage (moisture loss) and purge (cook-out) at the time of further processing and final cooking. This has both economic and product quality advantages. These kinds of soaring innovations involving functional phosphates are therefore driving the growth of the Global Food Grade Phosphates Market during the forecast period 2022-2027.

Global Food Grade Phosphates Market Challenges

Limitations Of Food Grade Sodium Phosphate Are Hampering The Growth Of The Global Food Grade Phosphates Market:

One investigation discovered that sodium phosphate, when utilized as a food additive, can affect health differently than naturally occurring phosphate. This is owing to it being absorbed distinctly by the body. Soaring levels of phosphate may increase mortality rates for the general public, and for those with kidney disease and cardiovascular disease. Researchers connected soaring phosphate levels to rapid aging and vascular damage. The researchers suggested that people consume foods with naturally occurring phosphates, instead of those with included sodium phosphate. Certain athletes consume sodium phosphate as a supplement to improve performance. However, an investigation, recorded in the International Journal of Sport Nutrition and Exercise Metabolism, discovered that augmentation with sodium phosphate did not enhance aerobic ability in athletes. Sodium phosphates are restricted to 0.5% in the finished meat product (9CFR424.21) by regulation. However, they are actually self-restrainng as, at higher levels, the alkaline salts will saponify lipids resulting in a soapy off-flavor. These issues are thus hampering the growth of the Global Food Grade Phosphates Market.

Global Food Grade Phosphates Industry Outlook:

Business expansion, enhancement of distribution channels, strategic collaborations and acquistions are key strategies adopted by players in the Global Food Grade Phosphates Market. Key companies of this market are:

1. Aditya Birla Chemicals
2. Univar
3. Haifa Group
4. ATP Group
5. Budenheim
6. Prayon S.A.
7. Ettlinger Corporation
8. Hindustan Phosphates Pvt.Ltd.
9. Innophos
10. FOSFA

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