According to Future Market Insights research, during the projected period, the Global Food Grade Dipotassium phosphate market is expected to grow at a CAGR of 5.1%. The market value is projected to increase from USD 2,507.3 million in 2022 to USD 4,123.2 Million by 2032. The Food Grade Dipotassium Phosphate Market was valued at USD 2,365.4 million at the end of 2021.
| Attributes | Details |
|---|---|
| Market Size Value in 2022 | USD 2,507.3 Million |
| Market Forecast Value in 2032 | USD 4,123.2 Million |
| Global Growth Rate (2022 to 2032) | 5.1% CAGR |
| Forecast Period | 2022 to 2032 |
| Market Value of CAGR of the United Kingdom in The Europe region | 4.9% |
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Dipotassium Phosphate, usually referred to as DKP, is a salt that dissolves in water and is used as a food additive. It is a compound of phosphate and phosphorus. It is a white, hygroscopic powder of food-grade quality that prevents significant fluctuations in alkalinity and acidity as well as pH instability.
To meet the required and advised dietary intake of 700 to 750 mg per day for adults, this phosphorus is present in minerals supplements and multivitamins in various forms.
An inorganic compound known as dipotassium phosphate is produced via chemical synthesis and is sold as a white powder. It is mostly utilized as a dietary supplement.
Dipotassium phosphate has advantages in that it is used to create buffer solutions and also aids in the production of trypticase soy agar, which is used to create agar plates.
The production of dipotassium phosphate complies with EU food regulations. It complies with Food Chemical Codex (FCC) regulations and is non-GMO, non-allergenic, kosher, and halal certified. Normally, dipotassium phosphate is regarded as secure and chemically stable. Dipotassium phosphate's food-related attributes allow it to generate demand for itself on the market.
The global dipotassium phosphate market can be classified into several major categories including North America, Latin America, Western and Eastern Europe, Asia-Pacific, Japan, Middle East, and Africa. Recently, the Carton Freezer Market has experienced a significant change under the influence of the Covid-19 pandemic. The global market size of the Carton Freezer Market has reached USD 2,507.3 Million in 2022 as compared to USD 1,873.6 Million in 2017 prior Covid-19 period. The rate of growth of the global dipotassium phosphate market is expected to skyrocket during the forecast period due to the rising population's expanding wants and customers' increased disposable money.
The market for dipotassium phosphate is currently led by the USA, which accounts for the largest market share. Germany is the second-largest market. Dipotassium phosphate market development is also projected in central Europe.
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The ability of dipotassium phosphate to be utilized as a soluble buffer for coffee creamers is projected to drive the demand for this product worldwide. Additionally, it serves as a crucial nutrient for the cultivation of yeast, antibiotics, and other types of fermentation, which fuels market demand. The milk proteins interact with the dipotassium phosphate buffers.
The report by FMI segmented the Food grade Diphosphate phosphate by Product type into - Dipotassium Phosphate Anhydrous, Dipotassium Hydrogen Phosphate Trihydrate, Dipotassium Phosphate Used in Coffee Mate, Potassium Phosphate dibasic, Dipotassium Hydrogen Phosphate.
There are a few international companies in the market for food grade diphosphate phosphate. One is Haifa Chemicals, an Israeli company that manufactures and sells a variety of chemicals, including food grade diphosphate phosphate. Another is Reagent Chemical & Research, Inc., a USA-based company that specializes in the manufacture and sale of chemicals for research and development purposes. Finally, there is Alfa Aesar, a division of Thermo Fisher Scientific, which produces and sells a variety of chemicals, including food grade diphosphate phosphate.
The demand for dipotassium phosphate on the international market is rising quickly. The rising demand from the food industry is the main driver of this expansion. In addition to being a food additive, dipotassium phosphate is also used to make fertilizers. Dipotassium phosphate manufacturing has expanded in response to the rising demand from the food industry. The development of technology has also increased the manufacturing of dipotassium phosphate.
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The global food grade dipotassium phosphate market is expected to grow at a CAGR of 4.7% from 2022 to 2032. The market is driven by the growing demand for processed and packaged food, the increased use of dipotassium phosphate as a food additive, and the expansion of the food processing industry.
Supermarkets and distributors are major drivers of growth in the food grade dipotassium phosphate market. Supermarkets and other retail outlets are increasingly stocking processed and packaged foods that contain dipotassium phosphate. Dipotassium phosphate is also used in a variety of applications, such as water treatment, oil refining, and metal finishing.
The USA in Europe region is the largest market for food grade dipotassium phosphate, followed by Germany, and Japan.
Biocel, Foodchem International Corporation, FBC Industries, Aditya Birla Chemicals, TKI Hrastnik, d.d., Prayon SA, Jiangsu Mupro IFT CORP., Haifa Chemicals Ltd., Shifang Talent Chemical, BANGYE Inc., Lianyungang Jujia Chemical Technology, and others are among the major companies identified across the value chain of the global dipotassium phosphate market.
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2022 |
| Market Analysis | USD Million for Value and Units for Volume |
| Key Regions Covered | North America; Latin America; Europe; Asia Pacific; Oceania; Middle East and Africa(MEA) |
| Key Countries Covered | USA, Canada, Mexico, Germany, United Kingdom, France, Italy, Spain, China, Japan, India, South Korea, Australia, Brazil, Argentina, South Africa, United Arab Emirates(UAE) |
| Key Segments Covered | By Product type, By End-user, By Region |
| Key Companies Profiled | Biocel; Foodchem. International Corporation; FBC Industries; Aditya Birla Chemicals; TKI Hrastnik; d.d. Prayon SA; Jiangsu Mupro IFT CORP.; Haifa Chemicals Ltd.; Shifang Talent Chemical; BANGYE Inc.; Lianyungang; Jujia Chemical Technology |
| Report Coverage | Market Forecast, Company Share Analysis, Competitive Landscape, Drivers, Restraints, Opportunities and Threats Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
Biocel, Foodchem International Corporation, FBC Industries, Aditya Birla Chemicals, TKI Hrastnik, d.d., Prayon SA, Jiangsu Mupro IFT CORP., Haifa Chemicals Ltd., Shifang Talent Chemical, BANGYE Inc., Lianyungang Jujia Chemical Technology, are some key global players.
The Food Grade Dipotassium Phosphate Market of India is 4.7% contributing to the 2022 Value share.
The global Food Grade Dipotassium phosphate market is forecasted to surpass USD 4,123.2 Million by the end of 2032.
The USA, Germany, Japan, and Australia are the major countries driving demand for Food Grade Dipotassium phosphate.
The Food Grade Dipotassium Phosphate Market of Germany is contributing 25% of the 2022 Value share.
The USA Food Grade Dipotassium Phosphate market is expected to register a 30.8% CAGR between 2022 and 2032.
The demand for Food Grade Dipotassium Phosphate is expected to grow at 7.5% CAGR between 2022 and 2032.
The Japan Food Grade Dipotassium Phosphate market will grow at 2.7% CAGR between 2022 and 2032.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Product Type 6.2. End-Use 7. Global Market Analysis and Forecast, By Product Type 7.1. Food additives 7.2. Domestic food additives 7.3. Medicinal use 8. Global Market Analysis and Forecast, By End-Use 8.1. Medicinal 8.2. Food additives 8.3. Domestic purpose (Meat and Chicken, Bread, Cheese, Milk products processing) 9. Global Market Analysis and Forecast, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. Asia Pacific 9.6. East Asia 9.7. MEA 10. North America Sales Analysis and Forecast, by Key Segments and Countries 11. Latin America Sales Analysis and Forecast, by Key Segments and Countries 12. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 13. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 14. Asia Pacific Sales Analysis and Forecast, by Key Segments and Countries 15. East Asia Sales Analysis and Forecast, by Key Segments and Countries 16. MEA Sales Analysis and Forecast, by Key Segments and Countries 17. Sales Forecast by Product Type and End-Use for 30 Countries 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 19. Company Profile 19.1. Foodchem. International Corporation 19.2. FBC Industries 19.3. Aditya Birla Chemicals 19.4. TKI Hrastnik 19.5. d.d. Prayon SA 19.6. Jiangsu Mupro IFT CORP. 19.7. Haifa Chemicals Ltd. 19.8. Shifang Talent Chemical 19.9. BANGYE Inc. 19.10. Lianyungang 19.11. Jujia Chemical Technology
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Food Grade Dipotassium phosphate Market
