Food Grade Phosphoric Acid Market to Surpass USD 3.4 Billion by 2033| At CAGR of 3.23% during 2025-2033

Food Grade Phosphoric Acid Market Overview

The global food grade phosphoric acid market was valued at USD 2.5 Billion in 2024 and is projected to reach USD 3.4 Billion by 2033, growing at a CAGR of 3.23% between 2025 and 2033. This growth is driven by increased consumer awareness of food safety, rising beverage consumption, and a growing demand for convenience foods due to changing individual tastes.

Study Assumption Years

• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033

Food Grade Phosphoric Acid Market Key Takeaways

• Current Market Size (2024): USD 2.5 Billion
• CAGR (2025-2033): 3.23%
• Forecast Period: 2025-2033
• The expanding food and beverage sector and rising demand for processed, convenience foods drive market growth.
• Increasing use of phosphoric acid as an acidulant in carbonated beverages contributes significantly.
• Shift towards clean label, natural ingredient products bolsters market expansion.
• Asia Pacific dominates the market, driven by high consumption of carbonated drinks and changing dietary habits.
• Consumer concerns about health risks related to phosphoric acid present challenges.

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Market Growth Factors

The food grade phosphoric acid market is propelled by the rapid growth of the food and beverage industry, particularly the escalating demand for processed and convenience food products. This sector's expansion is fueled by changing consumer lifestyles and preferences for quick and easy meal solutions. Phosphoric acid's role as an acidulant in carbonated drinks further catalyzes its demand globally, ensuring product safety and desired flavor characteristics.

Consumer preference is shifting towards products with clean labels and natural ingredients, driven by growing health awareness. This trend is complemented by the rising popularity of functional beverages such as sports and energy drinks, which incorporate phosphoric acid to enhance hydration, energy supply, and overall performance. These product innovations support sustained market growth as manufacturers respond to evolving consumer needs.

The increasing consumption of beverages, including bottled water, herbal teas, and low- or sugar-free options, particularly in regions like the U.S., promotes the use of food grade phosphoric acid. Its key function as an acidity regulator and taste enhancer boosts market demand. Moreover, ready-to-drink (RTD) beverages, such as vitamin-enriched smoothies and probiotic yogurts, are becoming more popular, further reinforcing the market's expansion.

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Market Segmentation

Breakup by Product Type:

• Food Grade 75%: This concentration suits the food and beverage industry as an acidulant and pH regulator in carbonated drinks, jams, and canned goods, enhancing flavor, shelf life, and product safety.
• Food Grade 80%: Meeting purity and safety standards, it is used in carbonated beverages, canned foods, and condiments for acidulation and pH control.
• Food Grade 85%: Contains 85% pure phosphoric acid; used as an ingredient and pH regulator in food processing with strict safety compliance.
• Others

Breakup by Application:

• Food Preservation: Dominates the market; it extends shelf life, inhibits microbial growth, and maintains safety in products like canned goods.
• Beverages Production
• Metal Treatment
• Sugar Refining
• Others

Regional Insights

Asia Pacific is the largest market for food grade phosphoric acid, driven by high consumption of carbonated soft drinks, changing dietary habits, and growing demand for processed foods. Advancements in food processing technologies, increased disposable income, and sustainable production methods further support market growth in this region. Regulatory support, such as India's Bureau of Indian Standards permitting 85% food-grade phosphoric acid in various food sectors, exemplifies regional growth drivers.

Recent Developments & News

• April 2024: Serbian Elixir Group is expanding the Prahovo Industrial and Chemical Park to include production facilities for food-grade phosphoric acid.
• January 2024: Gujarat Alkalies and Chemicals Ltd (GACL) inaugurated a Food Grade Phosphoric Acid plant at Dahej with a capacity of 33,870 MTA, reducing imports by about 35,000 MTA annually.

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Key Players

• Brenntag Nordic AB
• EMCO Dyestuff
• Guangxi Qinzhou Capital Success Chemical Co., Ltd
• Innophos
• OCP Group
• Spectrum Chemical
• Wengfu & Zijin Chemical Industry Co., Ltd.

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