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Phytic Acid Market Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports
Phytic Acid market is projected to reach US$ 364.8 million in 2029, increasing from US$ 235 million in 2022, with the CAGR of 6.5% during the period of 2023 to 2029.
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Key manufacturers engaged in the Phytic Acid industry include Spectrum Chemical, Actylis, FabriChem, Biosynth, China Zhejiang Orient Phytic Acid, Otto Chemie and Tongxiang Xinyang Food Additive, etc. Among those manufacturers, the top 3 players guaranteed % supply worldwide in 2022.
For production bases, global Phytic Acid production is dominated by and . The two regions contributed to % production share globally in 2022.
When refers to consumption region, % volume of Phytic Acid were sold to North America, Europe and Asia Pacific in 2022. Moreover, China, plays a key role in the whole Phytic Acid market and estimated to attract more attentions from industry insiders and investors.
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By Type
• Purity ≥50%
• Purity ≥70%
By Application
• Food Industry
• Pharmaceuticals
Key Players
Spectrum Chemical, Actylis, FabriChem, Biosynth, China Zhejiang Orient Phytic Acid, Otto Chemie, Tongxiang Xinyang Food Additive
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The global Phytic Acid market was valued at US$ 235 million in 2023 and is anticipated to reach US$ 364.8 million by 2030, witnessing a CAGR of 6.5% during the forecast period 2024-2030.
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