What is Food Grade Phosphoric Acid Market?
Food Grade Phosphoric Acid market is being propelled forward by rising demand for preservative food products, especially in the beverage industry. The inorganic chemical is used to make cola drinks acidic. Phosphoric acid, pure food-grade, is an essential food additive. Orthophosphoric acid, also known as food-grade phosphoric acid, is an odourless, colourless, clear acid that tastes sour and is used to acidify foods and drinks such as jams and colas. Additionally, food-grade phosphoric acid is used as an acidity regulator and yeast nutrition agent. It can be used in processed foods, light beverages, flavours, and wineries as a source of carbon dioxide.
The market study is being classified by Type (Phosphoric Acid food grade 75%, Phosphoric Acid food grade 80% and Phosphoric Acid food grade 85%), by Application (Food Preservation, Beverages Production, Metal Treatment, Sugar Refining and Others) and major geographies with country level break-up.
The Mosaic Company (United States), Aditya Birla Chemicals (India), Devdhar Chemicals (India), Guangxi Qinzhou Capital Success Chemical (China), Guizhou U-Share Materials (China), OCP Group (Morocco), Agrema (Poland), The Potash Corporation (Canada) and ICL Food Specialties (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Wengfu Group (China) and Qinzhou Rongde Chemical (China).
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to avail a competitive advantage through combined collaborations. Research Analyst at AMA predicts that Global Vendors will contribute to the maximum growth of Global Food Grade Phosphoric Acid market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Food Grade Phosphoric Acid market by Type, Application and Region.
On the basis of geography, the market of Food Grade Phosphoric Acid has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Demand for Frozen and Packaged Food Products
- Rising Use for Preservatives in Food and Beverages
- Pure Food Grade Phosphoric Acid is a vital Additive in Mayonnaise, Food Sauces, and Juices
- Prohibitions on Mixed Storage
- Storage Conditions and Incompatible Materials
- Growing Demand for Preservative Food Products, especially in the Beverage Industry
- Rising Demand from Emerging Market
- Stringent Government Regulations for Using Chemicals in Food Products
In Nov 2020, The Board of Directors of Gujarat Alkalies and Chemicals (GACL) has approved cost revision for the food-grade phosphoric acid plants.
Key Target AudienceFood Grade Phosphoric Acid Manufacturers, Raw Material Suppliers, Distributors/Traders/Wholesalers, Food Processing Vendors, Research Institutes, End-Use Industry and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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