Europe & MEA Food Phosphate Market Driven By Growing Demand For Halal Meat | Merck KGaA, Arkema group, Anhui Suntran Chemical, Univar and Aditya Birla Chemicals

Europe & MEA food phosphate market share is expected to be fueled by shifting consumer preference towards nutritious and easily digestible food & beverages for maintaining optimum health. Phosphorus is an essential nutrient for bone, teeth health and other bodily functions. It plays a vital role in how the body uses fats and carbohydrates and aids in absorption of protein for the repair of cells and tissue and overall health maintenance.

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Phosphorus can be found in several foods, but is found in high proportions in animal proteins, nuts & seeds, whole grains, legumes and dairy products. Many processed foods also contain phosphate additives that is generally used to enhance the texture, taste and prolong shelf life. Animal sources of phosphorus and artificial phosphates are the most absorbable, while plant-based sources can be sprouted, fermented or soaked to increase the amount of absorbable phosphorus.

With an easy access to near-infinite information, consumers are increasingly becoming aware of their nutritional requirements. As a result, demand for healthy and nutrient-laden food is increasing. Health-consciousness among consumers is heavily influencing developments in the food & beverage industry.

Growing focus on physical and mental health will favor food phosphate consumption in the coming years. Reports suggests that Europe & MEA food phosphate market size will cross USD 300 million in terms of annual valuation by 2026. Many types of seafood like clams, scallops, sardines, salmon, catfish, mackerel, crab, crayfish and others are good sources of phosphorus. Cuttlefish, a mollusk related to octopus and squid family, is the richest source of phosphorus, supplying 70% of the RDI in one 85 gm cooked serving.

Increasing demand for low fat and high quality seafood products is likely to foster food phosphate demand. Europe & MEA food phosphate industry share from shrimps is estimated to grow at 5% CAGR up to 2026. Potassium phosphate effectively preserves and extends the shelf life of processed foods and is one of the most commonly used food additives in frozen meals, canned foods like as fish and soup, deli meat, sausages, ham, tofu, dairy products and more.

Europe & MEA food phosphate market share from potassium phosphate segment will garner substantial profits at around on account of increasing demand for canned meat products. Growing consumption of canned sea food as a source of lean protein is driving the demand for ammonium phosphate as a preservative. Europe & MEA food phosphate industry revenues from ammonium phosphate demand is estimated to reach USD 17 million by 2026 owing to the growing demand for preserving canned seafood products longer.

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Increasing demand for high quality ingredients in packaged bakery solutions is fueling the demand for food phosphate. The product is commonly added to the confectionary and bakery items as emulsifiers, stabilizing and caking agent. Rise in gifting trends and demand for low calorie confectionery may favor the industry growth. Europe & MEA food phosphate market size from bakery applications will exceed USD 80 million in terms of revenue by 2026.

Some of the prominent companies in Europe & MEA providing food phosphate include Merck KGaA, Arkema group, Anhui Suntran Chemical, Univar and Aditya Birla Chemicals. Manufacturers in the region have invested in new product development in an attempt to attract millennial and Gen X demographics. In addition, these players are entering long term contracts in a bid to continue production during the current COVID -19 crisis with limited resources.

Read Related Reports:

https://www.globenewswire.com/news-release/2020/06/04/2043401/0/en/Europe-MEA-Food-Phosphate-Market-to-hit-300-million-by-2026-Says-Global-Market-Insights-Inc.html

https://www.globenewswire.com/news-release/2019/03/07/1749352/0/en/The-Food-Safety-Testing-Market-to-hit-24-billion-by-2025-Global-Market-Insights-Inc.html

https://www.globenewswire.com/news-release/2018/10/15/1621007/0/en/Food-Colorants-Market-worth-over-4-7-bn-by-2024-Global-Market-Insights-Inc.html

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