The latest report by IMARC Group, titled “Food Grade Phosphoric Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032“, The global food grade phosphoric acid market size reached US$ 2.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 3.3 Billion by 2032, exhibiting a growth rate (CAGR) of 3.37% during 2024-2032.
Food-grade phosphoric acid is a colorless, odorless liquid acid essential in the food industry. It is a food additive recognized as safe by regulatory authorities, including the Food and Drug Administration (FDA), which is typically employed to acidify and adjust the pH levels of numerous food and beverage products. Its neutrality in taste and odor makes it an ideal choice for applications where maintaining the natural flavor of the food is essential. It is an acidulant to provide tartness and control the acidity level, giving these drinks their signature tangy taste. Additionally, it is utilized in various processed foods, such as jams, jellies, and canned goods, to regulate pH and prevent spoilage. Nowadays, food-grade phosphoric acid is gaining immense traction across the globe.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/food-grade-phosphoric-acid-market/requestsample
Food Grade Phosphoric Acid Market Trends and Drivers:
The food-grade phosphoric acid market is primarily driven by technological advancements in food processing and preservation techniques. In addition, manufacturers continually seek ways to improve their products’ quality and safety while meeting regulatory requirements, thus influencing market growth. Along with this, phosphoric acid’s role as an effective acidulant and preservative aligns perfectly with these objectives, allowing food producers to maintain the integrity of their products and meet stringent quality standards, thus augmenting market growth. Moreover, the widespread adoption of food-grade phosphoric acid in processed and convenience food due to growing consumers seeking ready-to-eat (RTE) and easy-to-prepare food options represents another major growth-inducing factor. Besides this, phosphoric acid serves as an essential additive in many of these products, including carbonated beverages, canned and jarred foods, and even baked goods due to its multifunctional properties that can act as a pH regulator, preservative, and acidulant, thus accelerating the product adoption rate.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Product Type:
- Food Grade 75%
- Food Grade 80%
- Food Grade 85%
- Others
Breakup by Application:
- Food Preservation
- Beverages Production
- Metal Treatment
- Sugar Refining
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Arkema S.A.
- Brenntag SE
- Emco Dyestuff Pvt Ltd
- Grasim Industries Limited (Aditya Birla Management Corporation Ltd.)
- ICL Group Ltd.
- Innophos Inc.
- Nutrien Ltd.
- OCP Group
- Spectrum Laboratory Products Inc.
- The Mosaic Company
- Vinipul Inorganics Private Limited.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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