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Global Food Grade Phosphoric Acid Market
Dublin, June 20, 2022 (GLOBE NEWSWIRE) -- The "Food Grade Phosphoric Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering. The global food grade phosphoric acid market reached a value of US$ 2.24 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 2.91 Billion by 2027 exhibiting a CAGR of 4.10% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor. Food grade phosphoric acid is a colorless and odorless inorganic acid that is suitable for consumption. It is manufactured through wet, thermal and dry kiln processes and is widely used as an acidity regulator and nutrition agent for yeast that can be used in light beverages, canned foods and wines. Food grade phosphoric acid is primarily used to preserve and acidify foods and beverages, such as colas and jams, and provide a sour and tangy taste to the products. It is also utilized for beverage production, metal treatment, sugar refining and food preservation. It is commonly stored and packaged in an intermediate bulk container (IBC) and high-density polyethylene (HDPE) drums and is widely used in the production of carbonated beverages, packaged food items and bakery products. Food Grade Phosphoric Acid Market Trends:
The increasing demand for frozen and packaged food products across the globe is one of the key factors driving the growth of the market. Food grade phosphoric acid is widely used as a preservative and food additive in sauces, seafood, mayonnaise, meat and poultry products. This can also be attributed to the increasing demand for convenience food products due to the changing dietary habits and hectic lifestyles of the consumers.
Additionally, the widespread product utilization in the processing of bakery products is positively impacting the market growth. Food grade phosphoric acid is added to cheeses, jams and jellies for improved taste and texture. It is also combined with baking soda to produce baking powder that is an essential ingredient to improve the quality of baked food items. Other factors, including the widespread product adoption for the manufacturing of bottled coffee beverages and flavored waters, along with significant growth in the food and beverage industry, are anticipated to drive the market toward growth. Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global food grade phosphoric acid market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type and application. Breakup by Product Type:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Arkema S.A., Brenntag SE, Emco Dyestuff Pvt Ltd, Grasim Industries Limited (Aditya Birla Management Corporation Ltd.), ICL Group Ltd., Innophos Inc., Nutrien Ltd., OCP Group, Spectrum Laboratory Products Inc., The Mosaic Company and Vinipul Inorganics Private Limited. Key Questions Answered in This Report:
How has the global food grade phosphoric acid market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global food grade phosphoric acid market?
What are the key regional markets?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global food grade phosphoric acid market and who are the key players?
What is the degree of competition in the industry?
Key Topics Covered: 1 Preface 2 Scope and Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Food Grade Phosphoric Acid Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast 6 Market Breakup by Product Type 6.1 Food Grade 75% 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Food Grade 80% 6.2.1 Market Trends 6.2.2 Market Forecast 6.3 Food Grade 85% 6.3.1 Market Trends 6.3.2 Market Forecast 6.4 Others 6.4.1 Market Trends 6.4.2 Market Forecast 7 Market Breakup by Application 7.1 Food Preservation 7.1.1 Market Trends 7.1.2 Market Forecast 7.2 Beverages Production 7.2.1 Market Trends 7.2.2 Market Forecast 7.3 Metal Treatment 7.3.1 Market Trends 7.3.2 Market Forecast 7.4 Sugar Refining 7.4.1 Market Trends 7.4.2 Market Forecast 7.5 Others 7.5.1 Market Trends 7.5.2 Market Forecast 8 Market Breakup by Region
9 SWOT Analysis 10 Value Chain Analysis 11 Porters Five Forces Analysis 12 Price Analysis 13 Competitive Landscape 13.1 Market Structure 13.2 Key Players 13.3 Profiles of Key Players 13.3.1 Arkema S.A. 13.3.1.1 Company Overview 13.3.1.2 Product Portfolio 13.3.1.3 Financials 13.3.1.4 SWOT Analysis 13.3.2 Brenntag SE 13.3.2.1 Company Overview 13.3.2.2 Product Portfolio 13.3.2.3 Financials 13.3.3 Emco Dyestuff Pvt Ltd 13.3.3.1 Company Overview 13.3.3.2 Product Portfolio 13.3.4 Grasim Industries Limited (Aditya Birla Management Corporation Ltd.) 13.3.4.1 Company Overview 13.3.4.2 Product Portfolio 13.3.4.3 Financials 13.3.4.4 SWOT Analysis 13.3.5 ICL Group Ltd. 13.3.5.1 Company Overview 13.3.5.2 Product Portfolio 13.3.5.3 Financials 13.3.5.4 SWOT Analysis 13.3.6 Innophos Inc. 13.3.6.1 Company Overview 13.3.6.2 Product Portfolio 13.3.7 Nutrien Ltd. 13.3.7.1 Company Overview 13.3.7.2 Product Portfolio 13.3.8 OCP Group 13.3.8.1 Company Overview 13.3.8.2 Product Portfolio 13.3.9 Spectrum Laboratory Products Inc. 13.3.9.1 Company Overview 13.3.9.2 Product Portfolio 13.3.10 The Mosaic Company 13.3.10.1 Company Overview 13.3.10.2 Product Portfolio 13.3.10.3 Financials 13.3.10.4 SWOT Analysis 13.3.11 Vinipul Inorganics Private Limited 13.3.11.1 Company Overview 13.3.11.2 Product Portfolio
For more information about this report visit https://www.researchandmarkets.com/r/utbuie
Global Food Grade Phosphoric Acid Market
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