Food Grade Phosphate Market

Food Grade Phosphate Market Outlook for 2024 to 2034

The global food grade phosphate market is witnessing staggering growth with a market valuation of USD 3,104.8 million in 2024. Discovery of new rock phosphate sources could be instrumental in expanding the food phosphate supply at a CAGR of 8% through 2034. By registering this robust CAGR the overall market has the potential to achieve a net worth of USD 6,685.7 million by 2034.

Food Grade Phosphate Market Trends & Analysis

• The extensive use of food-based phosphate in various baking operations like yeast stimulation, conditioning of dough, and its property to make dough light and fluffy has made it a very demanding ingredient.
• The rise in the demand for baked food products like cake, pizza, biscuits, and doughnuts in the worldwide market is boosting the growth of the phosphate industry.
• Phosphate finds application in various dairy products due to its ion exchange buffering, acidity regulator, and protein dispensing properties.
• Fortification of beverages by using food phosphates in drinks like coffee, tea, and fruit juice since the infusion of phosphate doesn’t change the flavor or taste of the beverage.

Report Attribute	Details
Global Food Grade Phosphate Market Size (2024)	USD 3,104.8 million
Market Anticipated Forecast Value (2034)	USD 6,685.7 million
Market Projected Growth Rate (2024 to 2034)	8% CAGR

Global Food Grade Phosphate Market Historical Analysis (2019 to 2023) Vs Forecast Outlook (2024 to 2034)

The global food grade phosphate market was valued at USD 2,125.3 million in 2019. Production of food grade phosphate between 2019 and 2023 was figured out to have increased by 7.4% per year.

During this historical period, the global baked product market underwent several changes due to the changes in the preferences of consumers in terms of snacks and distribution channels. However, the total intake of food grade phosphate during this period was slightly lower owing to the trade constraints in 2020 and 2021.

Attributes	Details
Global Food Grade Phosphate Market Value (2019)	USD 2,125.3 million
Market Historical Growth Rate (CAGR 2019 to 2023)	7.4% CAGR

Prominent Factors Fuelling the Global Food Grade Phosphate Market Growth

An increase in the production of crops has affected the sales of sodium phosphate positively and the agriculture sector holds a huge opportunity in terms of its application. Furthermore, the rising consumption of meat-based products has increased animal rearing, meat treatment with phosphate, and water quality treatment with food grade phosphate-based chemicals. The animal feed sector and agriculture are both witnessing more emerging trends in food-grade phosphorus compounds in terms of volume and value of the share in the global market.

Phosphate is known to increase antioxidant activities in canned vegetables by forming a bond with various metal ions which improves the texture and composition of the food. Companies like Prayon S.A, based in Belgium, which is under the umbrella brand of Carfosel, are using food-based phosphate in seafood packaging like shrimps, canned tunas, crabs, and fish which helps retain moisture and making the product juicy and flavorful.

Country-wise Insights

Estimated CAGRs for top-performing regional markets pinpointed through global food phosphate market statistics 2023.

Regional Market Comparison	CAGR (2024 to 2034)
United States	5%
Germany	5.8%
Japan	4.7%
China	4.1%
India	7%

The United States Food Grade Phosphate Market Players are Finding New Sources

Consumption of phosphate-based food ingredients in the United States to rise at a rate of 5% from 2024 to 2034. With the improvement in flavor and texture experience, the added phosphate poses no risk of side effects hence being promoted more in the United States.

Regional market players are reducing their dependency on virgin rock phosphate by removing phosphates from different kinds of by-products. For instance, Ostara Nutrient Recovery Technologies Inc., based in Canada and the United States is using new methods to recover phosphorus from wastewater.

Micronutrient Fortified Food Phosphate is more popular in Europe

Regional food phosphate producers in Germany could follow a year-on-year average growth rate of 5.8% through 2034. It is attributed to the high population of working people and the hectic and dynamic lifestyle of the population that inclines towards convenient food and beverage products.

Germany can be considered the leader in the food-based phosphate market in Europe in terms of market shares and sales. Supplementing phosphates with necessary minerals such as iron or zinc to correct micronutrient deficits is a key strategy of regional players, including DSM AG based in the Netherlands.

Chinese Phosphate Processing Industries Vying for International Market

The food grade phosphate industries in China are focusing more on product diversification to capture a greater share of the international market. All the regional markets are witnessing a substantial rise in sales which could exhibit an estimated CAGR of 4.1% through 2034.

The Chinese population is inclined toward fortified food products that have added health and nutrition benefits. Due to cheap labor and lenient regulation, the companies are able to expand the manufacturing of processed foods that have phosphate as a key ingredient hence complementing the growth of the market for food phosphate.

New Growth Opportunities for the Food Phosphate Market in Japan

Greater demand from Southeast Asian countries to drive the phosphate additives industry of Japan at 4.7% CAGR till 2034. Food-based phosphates have been very popular in Japan with changing food habits and higher demand for convenient food products.

The Agriculture industry has undergone massive growth as compared to other sectors in Japan and is estimated to have a favorable impact on regional consumption of edible phosphate. A steep growth in the consumption of baked products in Southeast Asia has also positively influenced the food grade phosphate industry in the country.

India has the potential to lead the phosphate market in the Asia Pacific

Demand for food grade phosphate in India is poised to increase at a lucrative rate of 7% over the projected years. Owing to the massive population the consumption of soft drinks, and fortified food products and beverages is also very high.

The processed food market is booming in India and the demand for packaged and processed food is high in this region. With rising health awareness and an increase in consumption of fortified food and beverages companies are infusing phosphate into many snacks like cakes and biscuits to align with consumers' interests.

Category-wise Insights

With Affordable Pricing, the Sodium Phosphate has a Wider Consumer Base

Based on source type, the use of sodium phosphate could account for 34.2% of the production of phosphate additives in 2024.

Attributes	Details
Top Source Type or Segment	Sodium Phosphate
Total Market Share in 2024 to 2034	34.2%

Sodium phosphate is much preferred as an affordable source and is extensively used in the wine preparation process and brewing. This makes sodium phosphate a very promising product and its wide range of applications has aided the growth of the overall food preservative market. Moreover, many added properties of sodium phosphate like enhancing the texture, retention of water, and stabilizing pH have made it one of the best ingredients for better quality baked food products.

With Diverse Applications, Food Phosphate has a steep growth in the Bakery Sector

Based on application, the use of phosphate-based food ingredients in the bakery segment could be around 41.8% of the total in 2024.

Attributes	Details
Top Application Type or Segment	Bakery Products
Total Market Share in 2024	41.8%

Food phosphate functions as an acidity regulator and is used as a leavening agent for baking. As bread is one of the most consumed convenient food products, the application of phosphate as an important ingredient supports the growth of the bakery market segment. Food-grade phosphorus compounds have a wide array of applications in bakery processes like giving the dough a light and fluffy texture and improving dough softness.

Competitive Landscape for Food Grade Phosphate Market

The overall market is highly fragmented owing to the distributed availability of rock phosphate in distinct parts of the world. Food grade phosphate is a product that has been on the market for a while, but it has recently undergone an evolution phase owing to the growing moment for organic farming.

Also, the companies that produce it have made some changes to how it is sold and how it can be used. The new product launch includes many different things, including a new website and a new line of products.

Recent Developments in the Global Food Grade Phosphate Market

• Conventional phosphates have long been used to improve texture and moisture retention in processed meats, but worries about their possible health dangers have created a need for more natural and efficient alternatives. For instance, in July 2023, CJ Food & Nutrition Tech, based in Europe and Asia, announced the release of TasteNrich Hybind, an alternative to standard phosphates. The firm attempts to address the rising desire for healthier, clean-label solutions by using natural ingredients.
• In May 2023, Innophos Inc., based in the United States, introduced a new component in its Levair baking range that replaces standard sodium aluminum phosphate. According to the distributor of leavening chemicals to the bakery sector of the country, the new product is calcium-based and does not include aluminum, providing the bread sector with a cleaner-label alternative to SALP. Levair Select offers considerable performance improvements, such as slow, consistent, heat-reactive leavening along with extended shelf life, and preserves product volume and texture with fewer chemical preservatives.

Key Players Profiled in the Food Grade Phosphate Market Report

• Sulux Phosphates Ltd.
• Hawkins Inc.
• Aditya Birla Chemicals
• ATP Group
• Sichuan Zhituo Biochem Technology
• Fosfa a.s.
• Budenheim

Key Coverage in the Food Grade Phosphate Market Report

• Adjacent study on food grade phosphorus market.
• Food grade calcium phosphate market insights.
• Demand analysis of food grade trisodium phosphate.
• Emerging market for food grade phosphoric acid.

Food Grade Phosphate Market Report Scope

Attribute	Details
Estimated Market Size (2024)	USD 3,104.8 million
Projected Market Size (2034)	USD 6,685.7 million
Anticipated Growth Rate (2024 to 2034)	8%
Forecast Period	2024 to 2034
Historical Data Available for	2019 to 2023
Market Analysis	USD million or billion for Value and Units for Volume
Key Regions Covered	North America, Latin America, Europe, Middle East & Africa (MEA), East Asia, South Asia and Oceania
Key Countries Covered	United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa
Key Segments Covered	By Source Type, By Application, and By Region
Key Companies Profiled	Sulux Phosphates Ltd.; Hawkins Inc.; Aditya Birla Chemicals; ATP Group; Sichuan Zhituo Biochem Technology; Fosfa a.s.; Budenheim
Report Coverage	Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing	Available upon Request

Key Segments Covered by Food Grade Phosphate Industry Survey Report

By Source Type:

• Sodium Phosphate
• Ammonium Phosphate
• Calcium Phosphate
• Potassium Phosphate
• Other Sources

By Application:

• Bakery Products
• Dairy
• Beverages
• Meat & Seafood Processing
• Other Applications

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia and Pacific
• Middle East and Africa (MEA)

Frequently Asked Questions

How Big is the Global Food Grade Phosphate Market Currently?

The global market is estimated to be around US$ 3,104.8 million in 2024.

What is the Growth Outlook of the Global Market?

The global market is to grow at 8% during the forecast period.

What is the projected Value of Global Market by 2034?

The global market is predicted to be valued at US$ 6,685.7 million by 2034.

What was the Historical Size of the Global Market?

The global market was valued at US$ 2,125.3 million in 2019.

Which is the Leading Source for the Global Market Players?

Sodium Phosphate provides for nearly 34.2% share of the global market.

Which Regional Market has the Highest Growth Potential?

India to witness a CAGR of 7% in sales of food grade phosphate through 2034.