Food Phosphate Market Forecasts to 2028 | Drivers and Opportunities| Key player Analysis Наіfа Сhеmісаlѕ Ltd, Аdіtуа Віrlа Сhеmісаlѕ, Ѕuluх Рhоѕрhаtеѕ Ltd

According to Stratistics MRC, the Global Food Phosphate Market is accounted for $2.50 billion in 2020 and is expected to reach $4.63 billion by 2028 growing at a CAGR of 8.0% during the forecast period. The extensive utilization of food phosphate ingredient across the food & beverage industry and rise in demand for various bakery products such as pizzas, cakes, pastries, biscuits, rolls and doughnuts, are the major factors driving the market growth. However, the rising health concerns amongst the population with kidney disease and osteoporosis, and the increasing incidence of allergic reactions after consuming products with food phosphate additives are restraining the market growth.

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By geography, North America is going to have high growth during forecast period due to surge in demand for bakery & confectionery products. Increasing consumer focus on high- protein diets along with greater affordability has driven market statistics. Monocalcium phosphate is commonly used in baked goods as it has high naturalizing value and is very fast acting. Additionally, improving texture and baking aspects of the bakery products such as cake, and cookies manufacturers are opting for phosphate, in order to add nutrition value with no side effects. This has turned into massive demand for the market in the region.

Some of the key players profiled in the Food Phosphate Market include Наіfа Сhеmісаlѕ Ltd, Аdіtуа Віrlа Сhеmісаlѕ, Ѕuluх Рhоѕрhаtеѕ Ltd, Fоѕfа а.ѕ, Вudеnhеіm, Unіvаr Іnс., Вrеwсrаft UЅААТР Grоuр, ТКІ Нrаѕtnіk, Ѕісhuаn Zhіtuо Віосhеm Тесhnоlоgу, Nаturаl Еnrісhmеnt Іnduѕtrіеѕ LLС and NutrіЅсіеnсе Іnnоvаtіоnѕ LLС.

Products Covered:
• Sodium Phosphate
• Potassium Phosphate
• Ammonium Phosphate
• Calcium Phosphate
• Phosphoric Acid
• Other Products

Applications Covered:
• Bakery Products
• Beverages
• Dairy
• Meat & Seafood Processing

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

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