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Global Food Grade Phosphoric Acid Market: By Application: Food, Beverage, Pharmaceutical; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, EMR’s Key Indicators for Demand; Value Chain Analysis; Competitive Landscape; Industry Events and Developments

Global Food Grade Phosphoric Acid Market Outlook

The global food grade phosphoric acid market is expected to grow in the forecast period of 2022-2027 at a CAGR of 4%.

 

Global Food Grade Phosphoric Acid Market

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Increasing Demand for Processed Foods and Carbonated Beverages to Aid the Food Grade Phosphoric Acid Industry Growth

Based on application, the demand for food grade phosphoric acid in the preparation of processed foods is expected to significantly grow over the forecast period. Food grade phosphoric acid is used to produce phosphates utilised in food products, such as yeast, bakery products, cheese, jams, jellies, vegetable oils, and refined sugar. The food grade phosphoric acid salts are combined with baking soda to produce baking powder, a leavening agent found in many baked goods.

Meanwhile, food grade phosphoric acid is widely used as a flavouring agent in the carbonated food industry as its taste complements the cola flavour. The advancements in production methods have enabled manufacturers to provide consumers with high purity food grade phosphoric acid, thus, aiding the market expansion.

 

The Asia Pacific Region to Account for a Significant Share in the Food Grade Phosphoric Acid Industry

Geographically, the food grade phosphoric acid industry in the Asia Pacific is expected to have a significant growth rate during the forecast period. This can be attributed to the growing population and the rising demand for food preservatives in the region. China accounts for a considerable share in the Asia Pacific market owing to factors like the rising demand from the food and beverage industry, high production rate, and a presence of several key manufacturers in the region.
 

Food Grade Phosphoric Acid: Market Segmentation

Food grade phosphoric acid is a transparent and odourless chemical with a tangy and sour taste. It is commonly used for pH control and adjustment to acidify foods and beverages, such as jams and colas. It can be added to fat and oil as an emulsifier and assist in controlling fatty peroxides. In the vegetable oil and sugar refining process, it is used as a degumming agent. It can also be used as an acidulant for baking powder and emulsifying salt in the production of processed cheese.

 

Global Food Grade Phosphoric Acid Market by Segment

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Based on application, the industry can be divided into:

  • Food
  • Beverage
  • Pharmaceutical

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Food Grade Phosphoric Acid Market by Region

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Rapidly Growing Demand for Food Preservatives to Bolster the Growth of the Global Food Grade Phosphoric Acid Industry

The growing demand for food preservatives, especially in the beverage industry, is anticipated to propel the expansion of the food grade phosphoric acid industry in the forecast period. The pure food grade phosphoric acid is an essential food additive in mayonnaise, food sauces, and fruit juices. It is used as a food additive in meat and poultry products to make them firm and smoother. It is used as an acidity regulator and for yeast. To fulfil the growing demand for food grade phosphoric acid, manufacturers are consistently expanding production capabilities. Moreover, the growing demand for frozen and packaged food products, especially in urban areas, and the rising middle class population are expected to boost the demand for food grade phosphoric acid during the forecast period.

 

Key Industry Players in the Global Food Grade Phosphoric Acid Market

The report gives a detailed analysis of the following key players in the global food grade phosphoric acid market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Brenntag SE 
  • Arkema Group 
  • Guangxi Qinzhou Capital Success Chemical Co. Ltd 
  • OCP SA 
  • Grasim Industries Limited 
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Application, Region
Breakup by Application Food, Beverage, Pharmaceutical
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Brenntag SE, Arkema Group, Guangxi Qinzhou Capital Success Chemical Co. Ltd, OCP SA, Grasim Industries Limited, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global 
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Food Grade Phosphoric Acid Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Food Grade Phosphoric Acid Historical Market (2017-2021) 
    8.3    Global Food Grade Phosphoric Acid Market Forecast (2022-2027)
    8.4    Global Food Grade Phosphoric Acid Market by Application
        8.4.1    Food
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Beverage
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Pharmaceutical
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)    
    8.5    Global Food Grade Phosphoric Acid Market by Region
        8.5.1    North America
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021) 
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Europe
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021) 
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Asia Pacific
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021) 
            8.5.3.3    Forecast Trend (2022-2027)
        8.5.4    Latin America
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2017-2021) 
            8.5.4.3    Forecast Trend (2022-2027)
        8.5.5    Middle East and Africa
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2017-2021) 
            8.5.5.3    Forecast Trend (2022-2027)
9    North America Food Grade Phosphoric Acid Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2017-2021) 
        9.1.3    Forecast Trend (2022-2027)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2017-2021) 
        9.2.3    Forecast Trend (2022-2027)
10    Europe Food Grade Phosphoric Acid Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2017-2021) 
        10.1.3    Forecast Trend (2022-2027)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2017-2021) 
        10.2.3    Forecast Trend (2022-2027)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2017-2021) 
        10.3.3    Forecast Trend (2022-2027)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2017-2021) 
        10.4.3    Forecast Trend (2022-2027)
    10.5    Others
11    Asia Pacific Food Grade Phosphoric Acid Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2017-2021) 
        11.1.3    Forecast Trend (2022-2027)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2017-2021) 
        11.2.3    Forecast Trend (2022-2027)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2017-2021) 
        11.3.3    Forecast Trend (2022-2027)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2017-2021) 
        11.4.3    Forecast Trend (2022-2027)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2017-2021) 
        11.5.3    Forecast Trend (2022-2027)
    11.6    Others
12    Latin America Food Grade Phosphoric Acid Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2017-2021) 
        12.1.3    Forecast Trend (2022-2027)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2017-2021) 
        12.2.3    Forecast Trend (2022-2027)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2017-2021) 
        12.3.3    Forecast Trend (2022-2027)
    12.4    Others
13    Middle East and Africa Food Grade Phosphoric Acid Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2017-2021) 
        13.1.3    Forecast Trend (2022-2027)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2017-2021) 
        13.2.3    Forecast Trend (2022-2027)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2017-2021) 
        13.3.3    Forecast Trend (2022-2027)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2017-2021) 
        13.4.3    Forecast Trend (2022-2027)
    13.5    Others
14    Market  Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1     Brenntag SE
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Arkema Group
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Guangxi Qinzhou Capital Success Chemical Co. Ltd
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    OCP SA
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5     Grasim Industries Limited
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Key Trends and  Developments in the Market


List of Key Figures and Tables

1.    Global Food Grade Phosphoric Acid Market: Key Industry Highlights, 2016 and 2026
2.    Global Food Grade Phosphoric Acid Historical Market: Breakup by Application (USD Million), 2017-2021
3.    Global Food Grade Phosphoric Acid Market Forecast: Breakup by Application (USD Million), 2022-2027
4.    Global Food Grade Phosphoric Acid Historical Market: Breakup by Region (USD Million), 2017-2021
5.    Global Food Grade Phosphoric Acid Market Forecast: Breakup by Region (USD Million), 2022-2027
6.    North America Food Grade Phosphoric Acid Historical Market: Breakup by Country (USD Million), 2017-2021
7.    North America Food Grade Phosphoric Acid Market Forecast: Breakup by Country (USD Million), 2022-2027
8.    Europe Food Grade Phosphoric Acid Historical Market: Breakup by Country (USD Million), 2017-2021
9.    Europe Food Grade Phosphoric Acid Market Forecast: Breakup by Country (USD Million), 2022-2027
10.    Asia Pacific Food Grade Phosphoric Acid Historical Market: Breakup by Country (USD Million), 2017-2021
11.    Asia Pacific Food Grade Phosphoric Acid Market Forecast: Breakup by Country (USD Million), 2022-2027
12.    Latin America Food Grade Phosphoric Acid Historical Market: Breakup by Country (USD Million), 2017-2021
13.    Latin America Food Grade Phosphoric Acid Market Forecast: Breakup by Country (USD Million), 2022-2027
14.    Middle East and Africa Food Grade Phosphoric Acid Historical Market: Breakup by Country (USD Million), 2017-2021
15.    Middle East and Africa Food Grade Phosphoric Acid Market Forecast: Breakup by Country (USD Million), 2022-2027
16.    Global Food Grade Phosphoric Acid Market Structure

Key Questions Answered in the Report

The market is projected to grow at a CAGR of 4% between 2021 and 2026.

The rising demand for food preservatives, increasing demand for frozen and packaged food products, and the increasing consumption of beverages, are expected to propel the growth of the market over the forecast period.

The key market trends guiding the growth of the industry include the increasing efforts by manufacturers to expand their production capacity.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Food, beverage, and pharmaceuticals are the major applications considered within the market report.

The major players in the industry are Brenntag SE, Arkema Group, Guangxi Qinzhou Capital Success Chemical Co. Ltd, OCP SA, and Grasim Industries Limited, among others.

Analyst Review

The global food grade phosphoric acid market is being driven by the rising demand for food preservatives. Aided by the increasing demand for frozen and packaged food products, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 4%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on application, the global food grade phosphoric acid industry can be segmented into food, beverage, and pharmaceutical. The major regional markets for global food grade phosphoric acid are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Brenntag SE, Arkema Group, Guangxi Qinzhou Capital Success Chemical Co. Ltd, OCP SA, and Grasim Industries Limited, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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