Food Phosphate Market analysis research and trends report for 2017-2024

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Food Phosphate Market to reach 2.4 billion by
2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Food Phosphate Market

• Shifting consumer trends toward healthy diet
  consumption coupled with rise in the demand for
  protein enriched food will fuel Food Phosphate
  Market development. Rise in the food phosphate
  production as a result of escalating demand for
  food across countries such as India, Germany,
  China, France, and the U.S. will create a huge
  growth potential for the business. This growth
  can be attributed to the rising product usage as
  an emulsifier, sequestering leavening agent,
  and acidity regulator across various sectors such
  as food beverages, bakery items, dairy items,
  and meat seafood processing. Global Market
  Insights, Inc., reports that food phosphate
  industry is forecast to hit a revenue of USD 2.4
  billion by 2024, registering a CAGR of 6 during
  the period of 2016-2024.
• U.S. poultry meat sector was more than 15 million
  tons in 2015, and is expected to reach nearly 20
  million tons by 2024, driven by the growing
  consumer awareness regarding protein rich diet
  and the rising popularity of canned food, which
  in turn will contribute to the growth of food
  phosphate industry over the span of few years.

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Continued...

• Considering the regional landscape, Asia Pacific
  food phosphate industry is slated to record
  substantial gains of 4.5 during the period from
  2016 to 2024. Mounting preference for bakery and
  dairy items as a result of high standards of
  living along with elevated demand for healthy
  food will propel the regional growth. China,
  Japan, and India are projected to be the key
  regional revenue contributors.
• India food phosphate market revenue in the dairy
  sector is predicted to grow at a rate of 4 over
  the coming timeframe with cheese processing
  applications contributing substantially towards
  the industry share. Sodium based food phosphate
  industry in China is anticipated to hit USD 100
  million by 2024, driven by its wide usage in
  processed as well as baked foods.
• LATAM food phosphate industry is slated to record
  a CAGR of 3.5 over the coming seven years
  subject to the thriving meat processing sector
  along with an increase in the number of livestock
  farming activities. Brazil and Mexico are the key
  regional revenue pockets.

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Europe Food Phosphate Market Size, By
Application, 2015 2024 ( Mn)

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360 Analysis

• Application Trends
• Food phosphate market size from dairy application
  should witness strong gains at over 3.5. It is
  prominently used in cheese processing by helping
  smooth mixing of fats, moisture, and protein in
  evaporated milk thereby producing high quality
  cheese with smooth melt, easy slicing spread
  ability and viscosity. Increasing high quality
  cheese demand from fast food industry should
  stimulate product demand.
• Regional Trends
• Asia Pacific, led by Japan, India and China food
  phosphate market size, should witness highest
  gains at over 4.5. Rise in demand for dairy and
  bakery products owing to rising economic
  standards along with changing preference towards
  better diets should drive regional industry
  growth.
• Competitive Market Share
• Most of the prominent players are engaged in
  collaborations partnerships and product
  developments in order to expand business and
  customer base. Prayon developed Fortispray
  comprising fat soluble vitamin complex and
  calcium phosphate salt. It is mainly used in
  processed cheese and drinks.

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