The global food grade phosphate market is witnessing staggering growth with a market valuation of US$ 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 US$ 6,685.7 million by 2034.
Food Grade Phosphate Market Trends & Analysis
| Report Attribute | Details |
|---|---|
| Global Food Grade Phosphate Market Size (2024) | US$ 3,104.8 million |
| Market Anticipated Forecast Value (2034) | US$ 6,685.7 million |
| Market Projected Growth Rate (2024 to 2034) | 8% CAGR |
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The global food grade phosphate market was valued at US$ 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) | US$ 2,125.3 million |
| Market Historical Growth Rate (CAGR 2019 to 2023) | 7.4% CAGR |
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.
Principal Consultant
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% |
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.
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.
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.
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.
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.
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.
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.
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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
| Attribute | Details |
|---|---|
| Estimated Market Size (2024) | US$ 3,104.8 million |
| Projected Market Size (2034) | US$ 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 | US$ 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 |
|
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The global market is estimated to be around US$ 3,104.8 million in 2024.
The global market is to grow at 8% during the forecast period.
The global market is predicted to be valued at US$ 6,685.7 million by 2034.
The global market was valued at US$ 2,125.3 million in 2019.
Sodium Phosphate provides for nearly 34.2% share of the global market.
India to witness a CAGR of 7% in sales of food grade phosphate through 2034.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Source Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Source Type, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Source Type, 2024 to 2034
5.3.1. Sodium Phosphate
5.3.2. Ammonium Phosphate
5.3.3. Calcium Phosphate
5.3.4. Potassium Phosphate
5.3.5. Others
5.4. Y-o-Y Growth Trend Analysis By Source Type, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Source Type, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Application, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Application, 2024 to 2034
6.3.1. Bakery Products
6.3.2. Dairy
6.3.3. Beverages
6.3.4. Meat & Seafood Processing
6.4. Y-o-Y Growth Trend Analysis By Application, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Application, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2019 to 2023
7.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2024 to 2034
7.3.1. North America
7.3.2. Latin America
7.3.3. Western Europe
7.3.4. Eastern Europe
7.3.5. South Asia and Pacific
7.3.6. East Asia
7.3.7. Middle East and Africa
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
8.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
8.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
8.2.1. By Country
8.2.1.1. USA
8.2.1.2. Canada
8.2.2. By Source Type
8.2.3. By Application
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Source Type
8.3.3. By Application
8.4. Key Takeaways
9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Source Type
9.2.3. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Source Type
9.3.3. By Application
9.4. Key Takeaways
10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. UK
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Western Europe
10.2.2. By Source Type
10.2.3. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Source Type
10.3.3. By Application
10.4. Key Takeaways
11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Poland
11.2.1.2. Russia
11.2.1.3. Czech Republic
11.2.1.4. Romania
11.2.1.5. Rest of Eastern Europe
11.2.2. By Source Type
11.2.3. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Source Type
11.3.3. By Application
11.4. Key Takeaways
12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. India
12.2.1.2. Bangladesh
12.2.1.3. Australia
12.2.1.4. New Zealand
12.2.1.5. Rest of South Asia and Pacific
12.2.2. By Source Type
12.2.3. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Source Type
12.3.3. By Application
12.4. Key Takeaways
13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.2. By Source Type
13.2.3. By Application
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Source Type
13.3.3. By Application
13.4. Key Takeaways
14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of MEA
14.2.2. By Source Type
14.2.3. By Application
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Source Type
14.3.3. By Application
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. USA
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2023
15.1.2.1. By Source Type
15.1.2.2. By Application
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2023
15.2.2.1. By Source Type
15.2.2.2. By Application
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2023
15.3.2.1. By Source Type
15.3.2.2. By Application
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2023
15.4.2.1. By Source Type
15.4.2.2. By Application
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2023
15.5.2.1. By Source Type
15.5.2.2. By Application
15.6. UK
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2023
15.6.2.1. By Source Type
15.6.2.2. By Application
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2023
15.7.2.1. By Source Type
15.7.2.2. By Application
15.8. Spain
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2023
15.8.2.1. By Source Type
15.8.2.2. By Application
15.9. Italy
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2023
15.9.2.1. By Source Type
15.9.2.2. By Application
15.10. Poland
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2023
15.10.2.1. By Source Type
15.10.2.2. By Application
15.11. Russia
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2023
15.11.2.1. By Source Type
15.11.2.2. By Application
15.12. Czech Republic
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2023
15.12.2.1. By Source Type
15.12.2.2. By Application
15.13. Romania
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2023
15.13.2.1. By Source Type
15.13.2.2. By Application
15.14. India
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2023
15.14.2.1. By Source Type
15.14.2.2. By Application
15.15. Bangladesh
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2023
15.15.2.1. By Source Type
15.15.2.2. By Application
15.16. Australia
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2023
15.16.2.1. By Source Type
15.16.2.2. By Application
15.17. New Zealand
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2023
15.17.2.1. By Source Type
15.17.2.2. By Application
15.18. China
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2023
15.18.2.1. By Source Type
15.18.2.2. By Application
15.19. Japan
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2023
15.19.2.1. By Source Type
15.19.2.2. By Application
15.20. South Korea
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2023
15.20.2.1. By Source Type
15.20.2.2. By Application
15.21. GCC Countries
15.21.1. Pricing Analysis
15.21.2. Market Share Analysis, 2023
15.21.2.1. By Source Type
15.21.2.2. By Application
15.22. South Africa
15.22.1. Pricing Analysis
15.22.2. Market Share Analysis, 2023
15.22.2.1. By Source Type
15.22.2.2. By Application
15.23. Israel
15.23.1. Pricing Analysis
15.23.2. Market Share Analysis, 2023
15.23.2.1. By Source Type
15.23.2.2. By Application
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Source Type
16.3.3. By Application
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Agrium Inc.
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.1.5.2. Product Strategy
17.1.1.5.3. Channel Strategy
17.1.2. Aditya Birla Chemicals
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.2.5.2. Product Strategy
17.1.2.5.3. Channel Strategy
17.1.3. Sulux Phosphates Ltd
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.3.5.2. Product Strategy
17.1.3.5.3. Channel Strategy
17.1.4. Hawkins Inc
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.4.5.2. Product Strategy
17.1.4.5.3. Channel Strategy
17.1.5. ATP Group
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.5.5.2. Product Strategy
17.1.5.5.3. Channel Strategy
17.1.6. Sichuan Zhituo Biochem Technology
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.6.5.2. Product Strategy
17.1.6.5.3. Channel Strategy
17.1.7. Budenheim
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.7.5.2. Product Strategy
17.1.7.5.3. Channel Strategy
17.1.8. Fosfa a.s
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.8.5.2. Product Strategy
17.1.8.5.3. Channel Strategy
17.1.9. Hindustan Phosphates Pvt. Ltd.
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.9.5.2. Product Strategy
17.1.9.5.3. Channel Strategy
17.1.10. Innophos Holdings, Inc.
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
17.1.10.5.2. Product Strategy
17.1.10.5.3. Channel Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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Food Grade Phosphate Market
