According to the latest report by IMARC Group, titled, “Food Grade Phosphoric Acid Market Trends: Global Industry, Share, Size, Growth, Opportunity and Forecast 2022-2027“, 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.

Food grade phosphoric acid refers to a colorless and odorless inorganic mineral acid that is naturally present in food, drinking water, soft drinks, etc. It is produced through wet, thermal, and dry kiln processes. Food grade phosphoric acid is commonly stored and packaged in an intermediate bulk container (IBC) and high-density polyethylene (HDPE) drums. It is widely utilized as an acidity regulator and nutrition agent for yeast to improve its flavor and prolong its lifespan. Moreover, food grade phosphoric acid preserves various foods and beverages, including colas and jams, and adds a sour and tangy taste to the items. As a result, it is utilized across numerous sectors, such as sugar refining, packaging, metal treatment, etc.

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Market Trends

The escalating demand for frozen and packaged food products is one of the key factors driving the food grade phosphoric acid market. Moreover, the rising product usage as a preservative and additive in sauces, seafood, mayonnaise, meat, etc., is further stimulating the market growth. In line with this, the increasing need for convenience food products, on account of the changing dietary habits and the sedentary lifestyles of consumers, is acting as another significant growth-inducing factor. Furthermore, the expanding utilization of mineral acid in the processing of bakery products is augmenting the global market. In addition to this, the growing product adoption in the manufacturing of bottled coffee beverages and flavored waters is projected to propel the food grade phosphoric acid market over the forecasted period.

NoteWe are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

  • 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
  • Vinipul Inorganics Private Limited.

The report has segmented 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
  • Asia-Pacific
  • Europe
  • Latin America
  • Middle East and Africa

Table of Content:

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 Market Trends Market Forecast
8.1.2 Canada Market Trends Market Forecast
8.2    Asia-Pacific
8.2.1 China Market Trends Market Forecast
8.2.2 Japan Market Trends Market Forecast
8.2.3 India Market Trends Market Forecast
8.2.4 South Korea Market Trends Market Forecast
8.2.5 Australia Market Trends Market Forecast
8.2.6 Indonesia Market Trends Market Forecast
8.2.7 Others Market Trends Market Forecast
8.3    Europe
8.3.1 Germany Market Trends Market Forecast
8.3.2 France Market Trends Market Forecast
8.3.3 United Kingdom Market Trends Market Forecast
8.3.4 Italy Market Trends Market Forecast
8.3.5 Spain Market Trends Market Forecast
8.3.6 Russia Market Trends Market Forecast
8.3.7 Others Market Trends Market Forecast
8.4    Latin America
8.4.1 Brazil Market Trends Market Forecast
8.4.2 Mexico Market Trends Market Forecast
8.4.3 Others Market Trends 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. Company Overview Product Portfolio Financials SWOT Analysis
13.3.2    Brenntag SE Company Overview Product Portfolio Financials
13.3.3    Emco Dyestuff Pvt Ltd Company Overview Product Portfolio
13.3.4    Grasim Industries Limited (Aditya Birla Management Corporation Ltd.) Company Overview Product Portfolio Financials SWOT Analysis
13.3.5    ICL Group Ltd. Company Overview Product Portfolio Financials SWOT Analysis
13.3.6    Innophos Inc. Company Overview Product Portfolio
13.3.7    Nutrien Ltd. Company Overview Product Portfolio
13.3.8    OCP Group Company Overview Product Portfolio
13.3.9    Spectrum Laboratory Products Inc. Company Overview Product Portfolio
13.3.10    The Mosaic Company Company Overview Product Portfolio Financials SWOT Analysis
13.3.11    Vinipul Inorganics Private Limited Company Overview Product Portfolio

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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