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Sodium Phosphate Market Size Worth USD 3.34 Billion in 2032 | Emergen Research
Sodium Phosphate Market
Market Drivers:
The surge in demand for emulsifiers and stabilizers, particularly in the F&B sector, is fueling the revenue growth of the sodium phosphate market. The processed food industry's requirement for emulsifiers is on the rise, with the overall demand for food additives projected to increase substantially by 2030. Notably, sodium phosphate's exceptional properties as a food additive and medicinal component make it indispensable in the production of food additives.
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Market Restraints:
However, volatile raw material costs and potential harmful side effects of sodium phosphate pose challenges to market growth. Increased consumption of sodium phosphate can lead to digestive and kidney issues, while the complex manufacturing process requires advanced technology and skilled labor, contributing to higher operational expenses. These factors may prompt buyers to seek more cost-effective alternatives, potentially restraining market growth.
Segment Insights:
• Product: Trisodium phosphate emerges as the dominant segment, driven by its extensive use in food industries and water treatment. Its alkaline properties and resistance to heat make it an ideal additive in various applications.
• Source: Sedimentary marine deposits are witnessing fast growth due to their capability to produce high-purity sodium phosphate economically, making them an attractive option for manufacturers.
• Application: The leavening and emulsifying agent segment holds a significant market share, supported by the rising adoption of these agents in the food industry for texture improvement and flavor preservation.
• End-Use: The Food & Beverage segment is experiencing moderate growth, driven by the increasing demand for additives and emulsifiers in the protein-enriched sector.
Key Developments: In recent news, EuroChem Group AG announced the discontinuation of its Lifosa business in Lithuania, impacting the supply chain of phosphate fertilizers in Europe.
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Sodium Phosphate Top Companies and Competitive Landscape
The global sodium phosphate market is fragmented, with large and medium-sized players accounting for the majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective sodium phosphate products in the market.
Some of the major companies included in the global sodium phosphate market report are:
• EuroChem Group
• The Mosaic Company
• Israel Chemicals Ltd.
• Tata Chemicals
• Innophos Holdings, Inc.
• PhosAgro
• Maaden
• The Potash Corporation of Saskatchewan
• Agrium Inc.
• Grasim
• Aarti Phosphates
• Sumitomo
• Saudi Arabian Mining Company
• Xuzhou Zexin Phosphates Co., Ltd.
• Hawkins Inc
Sodium Phosphate Latest Industry News
• On 4 November 2022, Meat and poultry Highlights Innophos solution that ensures succulence animal proteins are essentially large and highly structured molecules. This prevents them from interacting with water or other compounds included in the formula. There are various ingredients that can help to encourage these large proteins to retain moisture. When animal proteins are at their isoelectric point (about pH 5. 1), they do not bind well with water. However, when meat proteins are consumed, they absorb water and bind with it. Proteins are charged by decreasing or increasing their pH, which is one of the functions of phosphate.
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Sodium Phosphate Market Segment Analysis
For the purpose of this report, Emergen Research has segmented the global sodium phosphate market on the basis of product, source, application, end-use, and region:
• Product Outlook (Revenue, USD Billion; 2019-2032)
o Trisodium Phosphate
o Monobasic Sodium Phosphate
o Disodium Phosphate
• Source Outlook (Revenue, USD Billion; 2019-2032)
o Igneous and Weathered Rock
o Sedimentary Marine Deposits
o Biogenic
• Application Outlook (Revenue, USD Billion; 2019-2032)
o Leavening and Emulsifying Agent
o Processed Food Stabilizing
o pH Balance and Saline Laxatives
o Others
• End-Use Outlook (Revenue, USD Billion; 2019-2032)
o Food & Beverage (F&B)
o Medical and Pharmaceutical
o Personal Care
o Water Treatment
o Others
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