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Food Grade Phosphoric Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global food grade phosphoric acid market reached a value of US$ XX Million in 2021. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Food grade phosphoric acid is a colorless and odorless inorganic acid that is suitable for consumption. It is manufactured through wet, thermal and dry kiln processes and is widely used as an acidity regulator and nutrition agent for yeast that can be used in light beverages, canned foods and wines. Food grade phosphoric acid is primarily used to preserve and acidify foods and beverages, such as colas and jams, and provide a sour and tangy taste to the products. It is also utilized for beverage production, metal treatment, sugar refining and food preservation. It is commonly stored and packaged in an intermediate bulk container (IBC) and high-density polyethylene (HDPE) drums and is widely used in the production of carbonated beverages, packaged food items and bakery products.

Food Grade Phosphoric Acid Market Trends:

The increasing demand for frozen and packaged food products across the globe is one of the key factors driving the growth of the market. Food grade phosphoric acid is widely used as a preservative and food additive in sauces, seafood, mayonnaise, meat and poultry products. This can also be attributed to the increasing demand for convenience food products due to the changing dietary habits and hectic lifestyles of the consumers. Additionally, the widespread product utilization in the processing of bakery products is positively impacting the market growth. Food grade phosphoric acid is added to cheeses, jams and jellies for improved taste and texture. It is also combined with baking soda to produce baking powder that is an essential ingredient to improve the quality of baked food items. Other factors, including the widespread product adoption for the manufacturing of bottled coffee beverages and flavored waters, along with significant growth in the food and beverage industry, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global food grade phosphoric acid market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type, application and end use industry.

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
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 and Vinipul Inorganics Private Limited.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Product Type, Application, End Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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 and Vinipul Inorganics Private Limited.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global food grade phosphoric acid market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global food grade phosphoric acid market?
  • What are the key regional markets?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the end use industry?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global food grade phosphoric acid market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Food Grade Phosphoric Acid Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Product Type
    6.1    Food Grade 75%
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Food Grade 80%
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Food Grade 85%
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Others
        6.4.1 Market Trends
        6.4.2 Market Forecast
7    Market Breakup by Application
    7.1    Food Preservation
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Beverages Production
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Metal Treatment
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Sugar Refining
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Others
        7.5.1 Market Trends
        7.5.2 Market Forecast
8    Market Breakup by End Use Industry
    8.1    Food and Beverages
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Metallurgy
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Others
        8.3.1 Market Trends
        8.3.2 Market Forecast
9    Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10    SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11    Value Chain Analysis
12    Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13    Price Analysis
14    Competitive Landscape

    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Arkema S.A.
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 Financials
           14.3.1.4 SWOT Analysis
        14.3.2    Brenntag SE
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
           14.3.2.3 Financials
        14.3.3    Emco Dyestuff Pvt Ltd
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
        14.3.4    Grasim Industries Limited (Aditya Birla Management Corporation Ltd.)
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
           14.3.4.3 Financials
           14.3.4.4 SWOT Analysis
        14.3.5    ICL Group Ltd.
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
           14.3.5.4 SWOT Analysis
        14.3.6    Innophos Inc.
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
        14.3.7    Nutrien Ltd.
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
        14.3.8    OCP Group
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
        14.3.9    Spectrum Laboratory Products Inc.
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
        14.3.10    The Mosaic Company
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
           14.3.10.3 Financials
           14.3.10.4 SWOT Analysis
        14.3.11    Vinipul Inorganics Private Limited
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio

List of Figures

Figure 1: Global: Food Grade Phosphoric Acid Market: Major Drivers and Challenges
Figure 2: Global: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: Global: Food Grade Phosphoric Acid Market: Breakup by Product Type (in %), 2021
Figure 5: Global: Food Grade Phosphoric Acid Market: Breakup by Application (in %), 2021
Figure 6: Global: Food Grade Phosphoric Acid Market: Breakup by End Use Industry (in %), 2021
Figure 7: Global: Food Grade Phosphoric Acid Market: Breakup by Region (in %), 2021
Figure 8: Global: Food Grade Phosphoric Acid (Food Grade 75%) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Food Grade Phosphoric Acid (Food Grade 75%) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Food Grade Phosphoric Acid (Food Grade 80%) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Food Grade Phosphoric Acid (Food Grade 80%) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Food Grade Phosphoric Acid (Food Grade 85%) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Food Grade Phosphoric Acid (Food Grade 85%) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Food Grade Phosphoric Acid (Other Product Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Food Grade Phosphoric Acid (Other Product Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Food Grade Phosphoric Acid (Food Preservation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Food Grade Phosphoric Acid (Food Preservation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Food Grade Phosphoric Acid (Beverages Production) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Food Grade Phosphoric Acid (Beverages Production) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Food Grade Phosphoric Acid (Metal Treatment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Food Grade Phosphoric Acid (Metal Treatment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Food Grade Phosphoric Acid (Sugar Refining) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Food Grade Phosphoric Acid (Sugar Refining) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Food Grade Phosphoric Acid (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Food Grade Phosphoric Acid (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Food Grade Phosphoric Acid (Food and Beverages) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Food Grade Phosphoric Acid (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Food Grade Phosphoric Acid (Metallurgy) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Food Grade Phosphoric Acid (Metallurgy) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Food Grade Phosphoric Acid (Other End Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Food Grade Phosphoric Acid (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: North America: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: North America: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: United States: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: United States: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Canada: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Canada: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Asia-Pacific: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Asia-Pacific: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: China: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: China: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Japan: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Japan: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: India: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: India: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: South Korea: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: South Korea: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Australia: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Australia: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Indonesia: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Indonesia: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Others: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Others: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Europe: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Europe: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Germany: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Germany: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: France: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: France: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: United Kingdom: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: United Kingdom: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Italy: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Italy: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Spain: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Spain: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Russia: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Russia: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Others: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Others: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Latin America: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Latin America: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Brazil: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Brazil: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Mexico: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Mexico: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Others: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Others: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Middle East and Africa: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Middle East and Africa: Food Grade Phosphoric Acid Market: Breakup by Country (in %), 2021
Figure 80: Middle East and Africa: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Global: Food Grade Phosphoric Acid Industry: SWOT Analysis
Figure 82: Global: Food Grade Phosphoric Acid Industry: Value Chain Analysis
Figure 83: Global: Food Grade Phosphoric Acid Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Food Grade Phosphoric Acid Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Food Grade Phosphoric Acid Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Global: Food Grade Phosphoric Acid Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Food Grade Phosphoric Acid Market Forecast: Breakup by End Use Industry (in Million US$), 2022-2027
Table 5: Global: Food Grade Phosphoric Acid Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Food Grade Phosphoric Acid Market: Competitive Structure
Table 7: Global: Food Grade Phosphoric Acid Market: Key Players

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