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Food Grade Phosphoric Acid Market 2022-2027: Size, Share, Trends and Forecast
Global Food Grade Phosphoric Acid Market Research Report 2022-2027
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Overview:
Food-grade phosphoric acid is an inorganic mineral acid that is naturally found in food, drinking water, soft drinks, etc. It is colourless and odourless. It is produced through wet, thermal, and dry kiln processes. Food grade phosphoric acid is commonly stored and packaged in an intermediate bulk container (IBC) and high-density polyethylene (HDPE) drums. It is widely utilized as an acidity regulator and nutrition agent for yeast to improve its flavor and prolong its lifespan. Moreover, food grade phosphoric acid preserves various foods and beverages, including colas and jams, and adds a sour and tangy taste to the items. As a result, it is utilized across numerous sectors, such as sugar refining, packaging, metal treatment, etc.
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Food Grade Phosphoric Acid Market Trends and Drivers:
One of the main reasons propelling the market for food grade phosphoric acid is the rising demand for frozen and packaged food products. Moreover, the rising product usage as a preservative and additive in sauces, seafood, mayonnaise, meat, etc., is further stimulating the market growth. In line with this, the increasing need for convenience food products, on account of the changing dietary habits and the sedentary lifestyles of consumers, is acting as another significant growth-inducing factor. Furthermore, the expanding utilization of mineral acid in the processing of bakery products is augmenting the global market. In addition to this, the growing product adoption in the manufacturing of bottled coffee beverages and flavored waters is projected to propel the food grade phosphoric acid market over the forecasted period.
Food Grade Phosphoric Acid Market 2022-2027 Competitive Analysis and Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global food grade phosphoric acid market report, along with forecasts for growth at the global and regional level from 2022-2027. Our report has categorized the market based on product type and application.
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Arkema S.A.
Brenntag SE
Emco Dyestuff Pvt Ltd
Grasim Industries Limited (Aditya Birla Management Corporation Ltd.)
ICL Group Ltd.
Innophos Inc.
Nutrien Ltd.
OCP Group
Spectrum Laboratory Products Inc.
The Mosaic Company
Vinipul Inorganics Private Limited.
Breakup by Product Type:
Food Grade 75%
Food Grade 80%
Food Grade 85%
Others
Breakup by Application:
Food Preservation
Beverages Production
Metal Treatment
Sugar Refining
Others
Breakup by End Use Industry:
Food and Beverages
Metallurgy
Others
Breakup by Region:
North America
Asia-Pacific
Europe
Latin America
Middle East and Africa
Key Highlights of the Report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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