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Nearly USD 4 billion is expected to be spent on the textural food ingredients market in 2021. Through 2027, the market is anticipated to expand at a CAGR of 4.9%, reaching US$ 5.28 Bn.

The growing consumer demand for better texture and taste in food products consumed has forced food manufacturers to resort to product innovation in textural food ingredients to cater to a diversified consumer palate. Future Market Insights has recently published a new report titled “Textural Food Ingredients Market: Global Industry Analysis 2012- 2016 and Opportunity Assessment 2017-2027” that studies the global textural food ingredients market over a 10 year assessment period (2017 to 2027) and provides vital insights into the factors impacting revenue growth of the global and regional markets, along with detailed forecasts based on the market segmentation.

Trends Observed in the Global Textural Food Ingredients Market

The analysis reveals some interesting trends in the demand for and consumption of textural food ingredients over the forecast period. A rise in multi-texture eating experiences has been noted across the key developing economies. Innovation in textural food ingredients has helped manufacturers reduce the cost of food products and there is an increasing adoption of the non-GMO hydrocolloid system. Developing nations are key opportunity areas for manufacturers operating in the global textural food ingredients market and there is an increasing focus on e-commerce and social media to reach a larger customer base. Digital media is fast emerging as a boon for key players in the global textural food ingredients market.

Global Textural Food Ingredients Market: Segmentation and Forecast

The global textural food ingredients market has been segmented on the basis of Functionality (Emulsifying Agent, Thickening Agent, Stabilising Agent, Gelling Agent, Others); Application (Dairy Products and Frozen Food, Bakery and Confectionery, Sauces, Dressings, and Condiments, Beverages, Snacks and Savoury, Meat and Poultry Products, Pet Food); Type (Hydrocolloids, Starch and Derivatives, Emulsifiers, Others); Form (Concentrate, Powders, Flakes); and Region (North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, MEA).

• Hydrocolloids type segment will remain dominant throughout the forecast period with over 55% market share, followed by Emulsifiers at 29% value share
• Stabilising Agent segment by functionality will lead in terms of market value, estimated to reach a valuation in excess of US$ 7,800 Mn by 2027 end
• By application, the Dairy Products and Frozen Food segment will remain dominant with almost US$ 4,500 Mn in revenues by end 2027 and a CAGR of 5.5%
• The Powder form segment will dominate the global market in terms of value share, estimated to hold more than 45% share of the market by 2027 end
• North America region will dominate the global market for textural food ingredients, with almost 30% value share and revenues in excess of US$ 5,200 Mn by the end of the forecast period in 2027

Global Textural Food Ingredients Market: Vendor Analysis

The report features some of the prominent players operating in the global textural food ingredients market such as Cargill, Incorporated, Kerry Group Plc., Dohler GmbH, Tate & Lyle PLC, Sensient Technologies Corporation, Archer Daniels Midland Company, Koninklijke DSM N.V., Ajinomoto Co., Inc., CHS Inc., Ingredients Inc., C.P. Kelco, Naturex SA, FMC Corporation, Ingredion Incorporated, E. I. du Pont de Nemours and Company, Foodchem International Corporation, Symrise AG, Ashland Global Holdings Inc., Furest Day Lawson Holdings Limited, Lonza Group Ltd. The global textural food ingredients market is highly fragmented; however, the market is more inclined towards technically superior and sophisticated products. Leading market players are targeting the growing economies in the APEJ region, owing to an increasing consumer preference for more variety in texture and taste in food products across various countries in the region.

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Global Textural Food Ingredients Market: Taxonomy

By Functionality:

• Emulsifying Agent
• Thickening Agent
• Stabilising Agent
• Gelling Agent
• Others

By Application:

• Dairy Products and Frozen Food
• Bakery and Confectionery
• Sauces, Dressings, and Condiments
• Beverages
• Snacks and Savoury
• Meat and Poultry Products
• Pet Food

By Type:

• Hydrocolloids
• Starch and Derivatives
• Emulsifiers
• Others

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact FMI:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
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The rosemary extract market refers to the industry involved in the production, distribution, and consumption of rosemary extracts, which are derived from the leaves of the rosemary plant (Rosmarinus officinalis). Rosemary extract is widely used in various industries, including food and beverages, cosmetics, and pharmaceuticals, due to its beneficial properties and versatility.

Rosemary extract is known for its high antioxidant content, primarily attributed to its active compounds such as rosmarinic acid, carnosic acid, and caffeic acid. These antioxidants have been linked to various health benefits, including anti-inflammatory and antimicrobial properties. As a result, rosemary extract is often utilized as a natural preservative in the food and beverage industry, extending the shelf life of products and reducing the need for synthetic additives.

The market for rosemary extracts is expanding, with global revenues expected to reach US$800 million by 2021. The market is expected to reach US$1 billion by 2027.

Global Rosemary Extract Market- Forecast by Form

Based on form, the segment is divided into powder, liquid, and others. The powder form is expected to account for the largest share owing to its longer shelf life. By 2027 end, the powder segment is expected to account for 48.6% value share, and to be valued at US$ 516.3 Mn by the end of 2027. On the other hand liquid segment is expected to account for 46.7% market share, and to be valued at US$ 496.9 Mn by 2027 end.

Global Rosemary Extract Market- Forecast by Sales Channel

Based on sales channel, the segment is fragmented into two categories, i.e. direct sales and indirect sales. Direct sales to account for the largest share as the ingredient is used by the manufacturers for further processing such as personal care products, beverages, food and many more. Direct Sales segment is expected to remain dominant in the global rosemary extract market throughout the forecast period with a revenue share of 54.7 % by 2027. By 2027 end, indirect sales is expected to account for 45.3% value share, and to be valued at US$ 481.9 Mn.

The following Factors to Contribute to the Growth of the Global Rosemary Extract Market

• Increasing consumer inclination towards aromatherapy and preservatives boost the global rosemary market
• Trending demand of herbal extract in European nutraceutical market contribute in the development in the global rosemary market

• Growing personal care industry and increasing consumer awareness for rosemary
• Growing demand for rosemary for pet food
• Most importantly essential oil made of herb like rosemary and other spice extracts are used in cancer therapy that drives the global rosemary extract market
• Advanced commercialization of herbs and spices by government create positive impact on the global rosemary extract market

Global Rosemary Extract Market- Forecast by Application

Application segment include food and beverages, personal care, nutraceutical, pharmaceutical and others. Pharmaceuticals and personal care are two major segments and the market witnesses an exponential growth for these segments over the forecast period. By 2027 end, personal care segment is expected to account for 25.9% value share, and to be valued at US$ 275.3 Mn.

Global Rosemary Extract Market- Forecast by Region

North America and APEJ are expected to be the most profitable markets between 2016 and 2027. Rosemary cultivation in the United States has already begun in the Southwest region. With easy trade flows and investment prospects, the APEJ area represents a potential market growth segment. Mediterranean countries such as Turkey, Spain, and Morocco are quickly expanding and are likely to become worldwide commercial manufacturing hubs for Rosemary extracts.

Europe is the supply base, led by Spain and France in terms of supply and export, and production and consumption respectively.

Global Rosemary Extract Market- Key Companies

The key players operating in the global rosemary extract market are- Givaudan SA, Kerry Group Plc., Takasago International Corporation, Dohler GmbH Sensient Technologies Corporation, Archer Daniels Midland Company, Ajinomoto Co., Inc., Symrise AG, Firmenich S A, Naturex SA, Kalsec Inc., Olam International, Foodchem International Corporation, McCormick and Company, Inc, Frutarom Industries Ltd., Robertet SA, Synthite Industries Ltd., International Taste Solutions Ltd, Organic Herb Inc., British Pepper and spice Company.

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The global rosemary extract market is segmented into the following categories

Sales Channel

• Direct Sales
• Indirect Sales
  • Modern Trade
  • Specialty Stores
  • Online Retailers
  • Others

Form

• Liquid
• Powder
• Others

Application

• Food
  • Sauces, Dressings and Condiments
  • Bakery and Confectionery
    • Breads
    • Biscuits
    • Cakes and Pastries
    • Others
    • Dairy Products
    • Others
• Beverages
  • RTD Tea
  • Specialty Drinks
  • Others
• Personal Care
  • Skin Care
  • Hair Care
  • Perfume and Fragrances
  • Aromatherapy
  • Others
• Nutraceutical
• Pharmaceutical
• Others

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The global baby food market size is estimated to reach US$ 84 billion in 2024. Over the forecast period, baby food sales are poised to increase at a CAGR of 5.0%. The global industry is estimated to reach about US$ 137 billion by 2034.

Parental tastes and more retail marketing are fueling the infant food market’s growing demand for nutrient-dense baby food, which is expected to surge. Increased public knowledge of clean-label production techniques, as well as government assistance in important markets such as China, India, and the United States, are driving growth in demand for organic and fortified baby food.

With a compound annual growth rate of 5.0%, the baby food market is expected to develop rapidly over the next few years, growing from $79.9 billion in 2023 to an estimated US$130.4 billion by 2033. The increasing availability of infant food forms such as paste, liquid, and powder, as well as the growing desire for nutrient-dense solutions, are driving this trend. The demand for infant food is increasing due to factors such as increased retail marketing and dietary concerns.

In a recent study by Future Industry Insights (FMI), the global baby food market is projected to witness substantial growth, reaching an estimated value of US$ 130.4 billion by 2033, with a robust compound annual growth rate (CAGR) of 5.0% between 2023 and 2033. The market is anticipated to be valued at US$ 79.9 billion in 2023.

Market Expansion and Dynamics:

• CAGR Projection: The baby food market is forecasted to grow at a significant CAGR of 5.0% from 2023 to 2033.
• Market Size: Anticipated to expand from US$ 79.9 billion in 2023 to an estimated US$ 130.4 billion by 2033.
• Diverse Product Forms: The availability of various infant food forms, including paste, liquid, and powder, contributes to market growth.
• Nutrient-Dense Solutions: Rising demand for nutrient-dense baby food solutions is a primary driver of market expansion.
• Retail Marketing Impact: The growth of retail marketing and efforts to address dietary concerns contribute to the increasing need for baby food.

Regional Insights:

• United Kingdom: Projected to exhibit substantial growth with a CAGR of 5.4% from 2023 to 2033.
• North America: The USA emerges as the most lucrative market for baby food, contributing significantly to North America’s market share.

Key Points:

• Product Type Dominance: Milk formula is expected to dominate the market, accounting for 40.3% of the total market share in 2023.
• Category Segmentation: The conventional segment is projected to hold a substantial revenue share of 91.2% in 2023.
• Distribution Channel Impact: Supermarkets are predicted to be the most profitable distribution channel in the baby food industry.

Factors Limiting Sales:

• Short Shelf Life Concerns: The industry’s expansion is challenged by concerns related to the short shelf life of baby food products.
• Regulatory Challenges: Stringent quality controls and regulatory frameworks imposed by governments and food agencies can limit market expansion.

Competitive Landscape and Innovations:

Key players in the market are focusing on innovation and eco-friendly packaging to cater to the growing demand. Companies are also developing organic baby food and formulas to gain a competitive edge. Notable recent developments include Danone’s introduction of an innovative Dairy & Plants Blend infant formula and Kraft Heinz’s venture into plant-based baby food.

The infant food industry is anticipated to be valued US$ 79.9 billion in 2023 and US$ 130.4 billion by 2033, according to Future industry Insights (FMI). From 2023 to 2033, the market is projected to expand at a 5.0% CAGR.

The market for baby food is predicted to grow as a result of parents’ growing need for nutrient-rich diet options for their newborns as well as the availability of baby food in paste, liquid, and powder forms. The growth of retail marketing and the increase in occurrences of malnutrition are projected to drive up demand for baby food.

Additionally, during the projected period, the demand for organic baby food will increase, as will the popularity of fortified baby food products, which will fuel market growth. The use of baby food and formula has also expanded, especially in China, India, and the USA, thanks to supportive government programmes. Consumers’ increased awareness of ingredient and content labels has compelled businesses to develop clean-label production techniques.

Key Takeaways:

1. Growth Factors Driving the Baby Food Market:

• Parental Preferences: Increasing demand for nutrient-rich baby food is fueled by parental tastes and preferences.
• Retail Marketing: Expanding retail marketing plays a pivotal role in driving the growing demand for baby food.
• Clean-Label Manufacturing: Rising public awareness of clean-label manufacturing techniques contributes to the surge in demand.
• Global Backing: Government support in key regions like China, India, and the United States further propels the demand for organic and fortified baby food.

What are the Factors Limiting the Sales of Baby Food Across the Globe?

There are concerns about the baby food industry expansion being constrained by its short shelf life. Due to a lack of an effective regulatory framework, it is anticipated that the baby food industry share might face challenges during the projection period.

The market for baby food is significantly constrained by stringent quality controls and severe regulations imposed by governments and food agencies. To guarantee the highest possible level of product quality, companies must follow safety regulations. Aggressive pricing raises the cost of goods, which lowers profit margins for companies. As a result, these elements limit market expansion.

Conclusion:

As the global baby food market experiences significant growth, fueled by parental preferences, retail marketing, and an increasing awareness of clean-label manufacturing, the industry is set to witness remarkable expansion. The emphasis on organic and fortified baby food, along with strategic collaborations and innovations, is expected to shape the future landscape of the baby food market.

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Baby Food Market by Category

By Category:

• Organic
• Conventional

By Type:

• Milk Formula
• Dried Baby Food
• Ready to Feed Baby Food
• Other Types

By Distribution Channel:

• Drugstores/ Pharmacies
• Supermarkets/Hypermarkets
• Convenience Stores
• Online Channels
• Other Distribution Channels

By Region:

• North America
• Latin America
• Europe
• Middle East and Africa
• East Asia
• South Asia
• Oceania

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The global shrimp market size is expected to be valued at USD 64.8 billion in 2024. The market rose at a CAGR of 8.3% during the historical period. The market is projected to progress at a CAGR of 8.7% from 2024 to 2034. The demand for shrimps is forecasted to hit a value of USD 149 billion by 2034.

As more people become aware of the nutritional benefits of shrimp, the market demand continues to rise. Advancements in fishing and farming techniques are fueling growth in the market. Shrimp is a highly nutritious food low in fat and protein, making it a popular choice among health-conscious consumers.

The growing popularity of sustainable and eco-friendly products has also contributed to the growth of the shrimp market as consumers seek products that are produced in a sustainable and responsible manner. The increasing demand for shrimp can also be attributed to its versatility in cooking. Shrimp can be cooked in various ways, including grilling, boiling, and frying, making it a popular ingredient in many cuisines globally.

“The development of new products such as easy-peel shrimps and pre-cooked shrimps has enhanced the convenience for consumers, contributing to the growth of the shrimp market,” says an analyst at FMI.

Key Takeaways from the Shrimp Market

• The global shrimp market is estimated to register a CAGR of 8.7% through 2034.
• The market is expected to reach a valuation of USD 149 billion by 2034.
• The farmed whiteleg shrimp segment is estimated to dominate the global market by registering a 43.0% share in 2024.
• The frozen segment is expected to account for a 37% market share in 2024.

Competitive Landscape

The market is characterized by the presence of many players, from small local producers to major global businesses. Key players hold a considerable market share and are projected to maintain their dominance during the forecast period. However, many smaller competitors are entering the market with new products and marketing tactics. This creates a highly competitive landscape, which is excellent for customers since it gives them more options.

Some prominent companies in the market include Aqua Star Corp., Falcon Marine Exports, High Liner Foods Inc., Surapon Foods, Avanti Feeds Ltd., Devi Fisheries Limited, Thai Union Group, Marine Harvest, BMR Groups, Clearwater Seafoods Inc., Nekkanti Sea Foods Limited, Jayalakshmi Sea Foods Pvt. Ltd., etc.

Recent Developments in the Shrimp Market

• In 2022, Thai Union Group PCL collaborated with R&B Food Supply and Srinivasa Cystine Private Limited to introduce high-quality food ingredients in the Indian market. This partnership aims to utilize the relative skills of R&B Food Supply, Srinivasa Cystine, Thailand’s food ingredients company, and an affiliate of Avanti Group, an Indian participant in aquaculture and marine food processing.

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Shrimp Market Outlook by Category

By Species:

• Gulf Shrimps
• Farmed Whiteleg Shrimps
• Banded Coral Shrimps
• Royal Red Shrimp
• Giant Tiger Shrimps
• Blue Shrimps
• Ocean Shrimps

By Source:

• Organic
• Conventional

By Form:

• Canned
• Breaded
• Peeled
• Cooked & Peeled
• Shell-On
• Frozen

By Sales Channel:

• Direct
• Indirect

By Application:

• Food
• Pharmaceutical
• Cosmetics
• Industrial
• Biotechnology

By Region:

• North America
• Latin America
• Europe
• Middle East and Africa
• East Asia
• South Asia
• Oceania

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The Liquid Breakfast Products Market refers to the segment of the food and beverage industry that focuses on providing convenient and nutritionally balanced liquid-based breakfast options. These products are designed to cater to individuals who have busy lifestyles and limited time in the morning, making it challenging for them to prepare a traditional breakfast.

The liquid breakfast products market is anticipated to expand at a CAGR of 6.1% during the anticipated time frame. According to projections, the market’s worth will rise from US$ 1,290,000 million in 2022 to US$2,33,208.1 million by 2032.

Consumers across the world are demanding more natural, GMO-free, and organic food products in their breakfast meals. A hectic and busy lifestyle is one of the significant elements that is pushing consumers towards increasing the consumption of ‘grab and go breakfast’ across the globe. Although consumers typically prefer ready-to-eat food and drinks in their breakfast, they are not ready to compromise with the source of ingredients.

Key Manufacturer Strategies to Support Huge Global Demand for Liquid Breakfast Products

• Introduction of products with reduced sugar and no artificial flavors / added colors
• Elimination of undesirable ingredients such as artificial dyes and preservatives
• Shift towards more natural and organic ingredient sources
• Increased venture capital funding to identify upcoming brands
• Acquisition of disruptive health and wellness brands

Apart from these strategies, manufacturers in the global liquid breakfast products market are likely to shift their focus on untapped markets such as India, China and Australia where consumer demand for liquid breakfast products is on the rise.

Global Liquid Breakfast Products Market: Forecast by Product Type

The global liquid breakfast products market is segmented on the basis of product type into liquid breakfast (Milk and Cereal Based Breakfast, Drinkable Yoghurt, Vegetable Liquid Soup, Chilled Soup) and spoonable breakfast. The spoonable breakfast segment is expected to grab the maximum market share – around 55% in 2017 – and is estimated to reach a market valuation of US$ 103.2 Bn by 2027 end. Growing demand for spoonable Greek yoghurt across the globe is expected to boost revenue growth of the spoonable breakfast product type segment.

Global Liquid Breakfast Products Market: Forecast by Packaging Type  

The global liquid breakfast products market is divided on the basis of packaging type into pouches, cups and tubs, bottles, carton packaging and cans. Cups and tubs are expected to grow 1.9x in terms of revenue in the global liquid breakfast products market.

With a 6.6% CAGR, the cups and tubs segment is the largest segment in terms of revenue in the global market followed by the pouches segment at 6.3% CAGR. Increasing use of bottles as a preferred packaging option for drinkable yoghurt and chilled soups is expected to contribute towards segmental revenue growth, which is estimated to be about US$ 18.5 Bn by 2017 end.

Global Liquid Breakfast Products Market: Forecast by Distribution Channel

The global liquid breakfast products market is segmented on the basis of distribution channel into hypermarket/supermarket, retail stores, convenience stores, online selling, and other retail formats. Hypermarket/supermarket is the most attractive segment with an incremental $ opportunity of US$ 36.9 Bn between 2016 and 2027. Revenue from the convenience stores distribution channel segment is expected to increase 1.7X over the forecast period.

Global Liquid Breakfast Products Market: Regional Forecast

The global liquid breakfast products market has been studied across the seven key regions of North America, Latin America, Asia Pacific Excluding Japan, Western Europe, Eastern Europe, Japan, and Middle East & Africa.

Western Europe is projected to be the most attractive and dominant regional market in the global liquid breakfast products market during the forecast period, accounting for a revenue share of 26.8% by 2027 end. The market for liquid breakfast products in APEJ is expected to generate a revenue of US$ 45.3 Bn by the end of 2027 with a CAGR of 6.2% during the forecast period.

Global Liquid Breakfast Market: Key Vendors

More than 15 key players and their performance in the global liquid breakfast products market have been featured in this report. Companies profiled include:

• Sanitarium Health & Wellbeing, Danone
• The Hain Daniels Group Limited
• Campbell Soup Company
• Tio Gazpacho LLC
• Soupologie Limited
• Kellogg Co.
• MOMA Foods
• Weetabix Ltd.
• Nestle S.A.
• General Mills Inc.
• Quaker Oats Company
• Müller UK & Ireland
• Chobani, LLC
• The Kraft Heinz Company
• The Billington Group.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

The global food grade phosphate market was worth around USD 2,125.3 million in 2019 and has reached up to USD 3,104.8 million in 2024. The entire market is witnessing opportunities to develop at a promising CAGR of 8% over the next ten years. By 2034, the total industry valuation is set to reach up to US$ 6,685.7 million.

The need for food-grade phosphate production has been fueled by its higher use in bakery foods for texture enhancement, moisture retention, and shelf-life extension. Phosphorus is also used in many carbonated beverages as an acidity control. The increase in consumption of carbonated soft drinks and energy drinks as a result of contemporary consumer trends and taste preferences is aiding the phosphate market’s rapid expansion. The market dynamics of food phosphates are also fast changing due to their wide range of applications in the animal feed sector.

Key Takeaways from the Food Grade Phosphate Market Study Report

• The United Kingdom food grade phosphate market is poised to advance at a CAGR of 5% through 2034.
• Germany is going to increase its supply of food grade phosphates in Europe at a rate of 5.8% per year till 2034.
• China and Japan are competing for market domination in Asia with estimated CAGRs of 4.1% and 4.7% respectively for the forecast years.
• India presents a very lucrative opportunity for its region with an estimated CAGR of 7% from 2024 to 2034.
• In terms of application, food-based phosphate is predicted to have a promising development rate, with a share of 41.8% in 2024, across the bakery sector.

“Rising health awareness and convenience of product acquisition as a result of the expansion of supermarkets and hypermarkets have altered customer purchasing behaviors. With a hectic and dynamic lifestyle, people prefer easy food items, therefore firms are attempting to innovate and employ phosphate in the process to improve the food’s quality, flavor, and texture,” says Nandini Roy Choudhury, Client Partner at Future Market Insights.

Competitive Landscape for the Food Grade Phosphate Market Players

The overall market is highly distributed and moderately competitive with enough growth opportunities for the establishment and expansion of business. A drastic rise in the demand for food additives has encouraged the emergence of many new suppliers of phosphate-based food ingredients market supplier.

Key Players Profiled in the Food Grade Phosphate Market Report

• Sulux Phosphates Ltd.
• Hawkins Inc.
• Aditya Birla Chemicals
• ATP Group
• Sichuan Zhituo Biochem Technology
• Fosfa a.s.
• Budenheim

Recent Developments by the Food Grade Phosphate Industry Participants

In July 2023, the South Korean company CJ FNT, also having manufacturing units in Europe, introduced an alternative to standard phosphates, TasteNrich Hybind. The firm also claims to have struck a delicate balance between natural sourcing and better performance as many traditional phosphate substitutes can be ineffective or tasteless. With a high cooking yield and less purge loss during shelf life, TasteNrich Hybind is now a versatile solution that can be applied to various meat types and processing methods.

In October 2023, Ardelyx, Inc. disclosed that the United States Food and Drug Administration (FDA) approved its XPHOZAH® product. It is the first and only phosphate absorption inhibitor, indicated to reduce serum phosphorus in adults with chronic kidney disease (CKD) on dialysis. The organization claims it to be an add-on therapy that has a first-in-class mode of action that inhibits phosphate absorption via its major channel. Ardelyx is a biopharmaceutical company involved in discovering, developing, and commercializing innovative, first-in-class medicines that meet significant unmet medical needs.

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Key Segments Covered by Food Grade Phosphate Industry Survey Report

By Source Type:

• Sodium Phosphate
• Ammonium Phosphate
• Calcium Phosphate
• Potassium Phosphate
• Other Sources

By Application:

• Bakery Products
• Dairy
• Beverages
• Meat & Seafood Processing
• Other Applications

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia and Pacific
• Middle East and Africa (MEA)

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact FMI:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube