The global food phosphate market is anticipated to observe exponential growth over the coming time period due to increasing demand for fortified food products among millennials and increasing demand for canned food owing to its long shelf life. Growing use of tetra potassium pyrophosphate in bakery products as buffering and thickening agent is anticipated to fuel the market growth as well.

Phosphates as well as their compounds are vital for the health of all living organisms such as plants, man, and animals. These are at the center of all life, as important components of DNA (genes), bones & teeth, cellular energy cycles, cell structures as well as in capturing the sun’s energy by plants. Because human bodies continually excrete phosphates, via kidneys, it is important to have a regular adequate intake in human diets.

Food-grade phosphates are utilized in the production of foods to function as precipitants, nutrients, dispersants, gel accelerants, buffers, cryoprotectants, flavors, sequestrants, bases, acidulants, and as ion-exchange or free-flow agents.

The global food phosphate market landscape is segmented into different segments in terms of product, application, and regional landscape.

With respect to product, the food phosphate market is classified into ammonium phosphate, phosphoric acid, calcium phosphate, potassium phosphate and sodium phosphate. Among these, sodium phosphate segment is likely to witness strong growth with a CAGR of around 6.1% over the forecast time period.

The segment of sodium phosphate is further classified into sodium acid pyrophosphate and sodium tripolyphosphate. Among these, sodium tripolyphosphate segment is projected to grow over $1.1 Billion by the end of the estimated timeframe.

Sodium acid pyrophosphate segment is set to gain immense traction with CAGR of 5.3% over the forthcoming time period owing to growing usage in food processing and canned or processed food to maintain pH, color as well as water- holding capacity.

The potassium phosphate is further classified into tetra pottasium pyrophosphate, monopottasium phosphate, and dipottasium phosphate. Monopotassium phosphate segment is anticipated to grow over $165 million by the end of the analysis time period as it used as a fungicide, and additive in food industry.

Meanwhile, tetrapotassium pyrophosphate segment is expected to grow with the CAGR of more than 4.1% over the forthcoming time period. This estimated growth is ascribed to the increasing usage in bakery products as buffering agent and thickening agent.

In terms of application, the overall food phosphate market is categorized into beverages, meat & seafood processing, bakery products, and dairy. Among these, meat & seafood processing segment is expected to surpass a valuation of approximately $1.75 billion by the end of the analysis timeline.

From a regional frame of reference, LATAM food phosphate market is expected to witness steady growth with a CAGR of around 6.3% over the forecast time period. This anticipated growth is accredited to increasing demand for fortified food products by millennials

Food phosphate market in Middle East & Africa is expected to witness growth with the CAGR of more than 6.1% over the forecast time period owing to increasing demand for canned food as it has long shelf life.