Market Overview:
The global food grade phosphoric acid market reached a value of US$ 2.24 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 2.91 Billion by 2027 exhibiting a CAGR of 4.10% 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 and application.
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 Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- 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$ Billion |
| Segment Coverage |
Product Type, Application, 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 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 Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia-Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 SWOT Analysis
9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Arkema S.A.
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.1.3 Financials
13.3.1.4 SWOT Analysis
13.3.2 Brenntag SE
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.2.3 Financials
13.3.3 Emco Dyestuff Pvt Ltd
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.4 Grasim Industries Limited (Aditya Birla Management Corporation Ltd.)
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.4.3 Financials
13.3.4.4 SWOT Analysis
13.3.5 ICL Group Ltd.
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.5.3 Financials
13.3.5.4 SWOT Analysis
13.3.6 Innophos Inc.
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.7 Nutrien Ltd.
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.8 OCP Group
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.9 Spectrum Laboratory Products Inc.
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.10 The Mosaic Company
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.10.3 Financials
13.3.10.4 SWOT Analysis
13.3.11 Vinipul Inorganics Private Limited
13.3.11.1 Company Overview
13.3.11.2 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 Billion US$), 2016-2021
Figure 3: Global: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Billion US$), 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 Region (in %), 2021
Figure 7: Global: Food Grade Phosphoric Acid (Food Grade 75%) Market: Sales Value (in Million US$), 2016 & 2021
Figure 8: Global: Food Grade Phosphoric Acid (Food Grade 75%) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: Global: Food Grade Phosphoric Acid (Food Grade 80%) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Food Grade Phosphoric Acid (Food Grade 80%) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Food Grade Phosphoric Acid (Food Grade 85%) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Food Grade Phosphoric Acid (Food Grade 85%) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Food Grade Phosphoric Acid (Other Product Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Food Grade Phosphoric Acid (Other Product Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Food Grade Phosphoric Acid (Food Preservation) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Food Grade Phosphoric Acid (Food Preservation) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Food Grade Phosphoric Acid (Beverages Production) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Food Grade Phosphoric Acid (Beverages Production) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Food Grade Phosphoric Acid (Metal Treatment) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Food Grade Phosphoric Acid (Metal Treatment) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Food Grade Phosphoric Acid (Sugar Refining) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Food Grade Phosphoric Acid (Sugar Refining) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Food Grade Phosphoric Acid (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Food Grade Phosphoric Acid (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: North America: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: North America: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: United States: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: United States: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Canada: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Canada: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Asia-Pacific: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Asia-Pacific: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: China: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: China: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Japan: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Japan: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: India: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: India: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: South Korea: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: South Korea: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Australia: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Australia: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Indonesia: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Indonesia: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Others: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Others: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Europe: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Europe: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Germany: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Germany: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: France: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: France: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: United Kingdom: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: United Kingdom: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Italy: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Italy: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Spain: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Spain: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Russia: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Russia: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Others: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Others: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Latin America: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Latin America: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Brazil: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Brazil: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Mexico: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Mexico: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Others: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Others: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Middle East and Africa: Food Grade Phosphoric Acid Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Middle East and Africa: Food Grade Phosphoric Acid Market: Breakup by Country (in %), 2021
Figure 73: Middle East and Africa: Food Grade Phosphoric Acid Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Global: Food Grade Phosphoric Acid Industry: SWOT Analysis
Figure 75: Global: Food Grade Phosphoric Acid Industry: Value Chain Analysis
Figure 76: 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 Region (in Million US$), 2022-2027
Table 5: Global: Food Grade Phosphoric Acid Market: Competitive Structure
Table 6: Global: Food Grade Phosphoric Acid Market: Key Players