Awareness regarding high-quality food that contributes to good health, convenience, and nutritional value has inclined consumers toward a healthy eating regime. Consumers today demand additives that have health benefits and that are also clean label. Food grade phosphate maintains and repairs tissues and cells, supports growth, is involved with the storage and use of energy while reducing muscle pain after exercise, and helps maintain normal acid-base balance in the body. Along with these health benefits, it also provides texture and enhances the flavor of food products.
All these factors are driving the growth of the food grade phosphate market, which has witnessed substantial growth over the years. This trend is anticipated to continue over the forecast period of 2020–2030, at a CAGR of 3%.
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Key Takeaways from Food Grade Phosphate Market Study
“Increasing demand for food grade phosphate from the manufacturers of bakery products, meat and seafood products, nutrition, and frozen food products is anticipated to boost global demand for food grade phosphate. Manufacturers in the food grade phosphate space can gain significant profits by leveraging the increasing demand from these manufacturers to offer specific food grade phosphate products,” says a PMR analyst.
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Global Food Grade Phosphate Market: Competitive Landscape
Global leaders in the food grade phosphate market have adopted efficient strategies to increase their presence and market share in this space. Key players are investing in the strategic expansion of their manufacturing facilities.
In addition, key players in the global food grade phosphate landscape are focusing on mergers and acquisitions, along with partnerships, to establish a strong regional presence in different countries.
Explore More Valuable Insights on Food Grade Phosphate Market
Persistence Market Research, in its new report, offers an impartial analysis of the global food grade phosphate market, presenting historical data (2015–2019) and estimation statistics for the period of 2020–2030. The study offers compelling insights on the food grade phosphate market based on type (ammonium phosphate, sodium phosphate, potassium phosphate, calcium phosphate, and others), and application (food and beverages, agriculture, and animal feed), across seven regions.
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