Food phosphate Market 2018-2024 Forecast | Leading Players - Nestlé, Schreiber Foods, Univar, Aditya Birla Chemicals, Fosfa a.s., Prayon, Hawkins, Inc., Brewcraft USA, Kraft Foods Group
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1. Haifa Chemicals Ltd.
2. Aditya Birla Chemicals
3. Sulux Phosphates Ltd.
4. Fosfa a.s.
5. Chemische Fabrik Budenheim
6. Univar Inc
7. Brewcraft USA
8. ATP Group
9. TKI Hrastnik
10. Sichuan Zhituo Biochem Technology
11. Natural Enrichment Industries
12. NutriScience Innovations, LLC
13. Saminchem Co., Ltd.
15. Hawkins, Inc.
16. Potash Corp.
17. Innophos, Inc.
18. FBC Industries, Inc.
19. Quantum Chemical LLC (Chemsol)
20. Xingfa USA Corporation
21. The Mosaic Company
22. Agrium Advanced Technologies, Inc.
23. Nestle USA, Inc.
24. Schreiber Foods
25. Kraft Foods Group, Inc.
Meat & seafood applications could surpass USD 1 billion in sales by 2024. Increasing focus on development of new products to match requirements of meal processing industry will drive the market demand. They are utilized to improve texture and flavour of stored seafood, moisture retention and preservation of nutrients.
Potassium based food phosphate market size will witness gains of over 3.5%. It finds wide range of applications in soft drinks, processed meats and canned fish. These are used as additives in meals are more readily absorbed by body and hence are preferred for kidney patients.
Natural phosphate rock, after intensive purification is used as a feedstock for manufacturing process and finds application in fertilizers, industrial and animal feed. This factor may create supply deficit in the industry and affect food phosphate market price trend.
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Germany food phosphate market size from meat processing applications will generate over USD 55 million at the end of forecast timeframe. Germany is one of the largest meal processing country in Europe. Seafood processing and dairy accounted for a larger chunk of the total meal processing output of Germany in 2014.
India food phosphate market size from dairy application will witness gains at over 4% by 2024. Processed cheese accounts for a major share of application in dairy products. It is used to prevent butter oil from separating from protein, spread ability, easy slice and to get the desired viscosity
China sodium based food phosphate market size will witness steady gains to surpass USD 100 million by 2024. They are majorly used as thickening and leavening agent for baked goods. They are also utilized to control pH of processed foods.
Focus on product development by manufacturers and expansion in production capacities along with increased food consumption especially in U.S., Germany, France, China and India should drive product demand.
Bakery applications may witness gains at 4.5%. Bakery applications majorly utilizes these product for dough improvers, as leavening agent, and as flow conditioners.
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