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Phosphate Market Trends, company Profiles- Nestlé, Univar, The Mosaic Company, Schreiber Foods, Aditya Birla Chemicals, Chemische Fabrik Budenheim, Agrium Advanced Technologies, Inc., Fosfa a.s.

Food phosphate Market

Food phosphate Market

High consumer awareness regarding the benefits of protein consumption along with rising preference for canned food will result in food phosphate market expansion. The demand for bakery items has been escalating in recent times subject to the rise in the number of retail stores and changing consumer preferences, which will fuel the market demand. A major factor complementing business growth is that food phosphates are also utilized as emulsifiers, pH stabilizers, yeast stimulators, flavor enhancers, and sequestering agents in the food & beverage and meat & seafood processing sectors. Global dairy sector, which was estimated at USD 330 billion in 2014, is forecast to hit USD 440 billion by 2024. This remarkable growth will continue to positively influence food phosphate industry trends, subject to the product’s intensive usage as an emulsifier in the dairy industry. According to Global Market Insights, Inc., “Food Phosphate Market size is anticipated to surpass USD 2.4 billion by 2024, growing at a rate of 6% over 2016-2024.”

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Company Profiles
1. Nestlé
2. Univar
3. The Mosaic Company
4. Schreiber Foods
5. Aditya Birla Chemicals
6. Chemische Fabrik Budenheim
7. Agrium Advanced Technologies, Inc.
8. Fosfa a.s.
9. Kraft Foods Group
10. Brewcraft USA
11. Hawkins, Inc.
12. Sulux Phosphates Ltd.
13. ATP Group
14. TKI Hrastnik d.d.
15. Sichuan Zhituo Biochem Technology
16. Natural Enrichment Industries
17. NutriScience Innovations, LLC
18. Prayon
19. Innophos Nutrition, Inc.
20. Quantum Chemical LLC (Chemsol)
21. Haifa Chemicals Ltd.
22. Saminchem Co., Ltd.
23. Xingfa USA Corporation
24. Potash Corp.
25. FBC Industries, Inc.

Strong growth indicators from dairy, bakery, beverages, and meat processing industries will drive food phosphate market size. Increased awareness about protein intake amongst the health-conscious consumers coupled with rise in packaged meal products demand should drive industry growth.
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.
Shifting consumer trends toward healthy diet intake and extensive use of the food phosphates as a nutritive supplement in sports drinks is predicted to influence the business landscape of global food phosphates market. Rising global requirement for sodium rich diet is also expected to contribute substantially towards the industry share. Increase in production capacity coupled with high focus on product innovation is expected to help the business climb greater heights. Countries such as India, U.S., Germany, China, and France will create an impressive global demand for the product, driven by the escalated consumption of protein rich diet across these regions.
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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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Global Market Insights, Inc.
Phone: 1-302-846-7766
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