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Covina, United States: Global Food Phosphate Market, By Type (Sodium Phosphate, Potassium Phosphate, Calcium Phosphate, Phosphoric Acid, and Aluminum Phosphate), By Application (Dairy, Bakery Products, Meat and Seafood Processing, and Beverages), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) – Market Trends, Analysis, and Forecast till 2029
Food phosphate, which has the ability to make dough fluffy and light, is used in a variety of baking processes, including yeast stimulation and dough conditioning. In addition to this, food phosphorus has a variety of uses, including improving texture, retaining water, and stabilising pH, making it one of the best candidates as a component in higher-quality baked goods and increasing consumption in the international market. Due to the shifting preferences of the consumer base in terms of snacking, the baked goods business has seen various changes recently. The demand for baked goods including cake, pizza, biscuits, and doughnuts has increased in the global market, which is promoting the phosphate industry’s expansion.
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Key Segmentation of the Food Phosphate market:
The Global Food Phosphate Market accounted for US$ 2.5 billion in 2020 and is estimated to be US$ 4.29 billion by 2030 and is anticipated to register a CAGR of 6.2%. The Global Food Phosphate Market is segmented based on type, application, and region.
The Food Phosphate Market Report mentions the following promising regions:
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The prominent player operating in the global Food Phosphate market includes Haifa Chemicals Ltd., Aditya Birla Chemicals, Sulux Phosphates Ltd., Fosfa a.s., Budenheim, Univar Inc., Brewcraft USA, ATP Group, TKI Hrastnik, and Sichuan Zhituo Biochem Technology.
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