Phosphoric acid is usually used to acidify foods and beverages, adding a tangy flavor. Phosphoric acid is also used as a rust remover. It is safe for human consumption when produced in accordance with appropriate manufacturing practices. Phosphoric acid can improve the taste of refreshing beverages by blocking the activity of certain metal ions in water. The acid also helps to keep drinks stable. It can also prevent oxidative decomposition of vitamin C. It also helps stabilize the suspension of concentrated juice slurry. It can be used to help prevent discoloration, improve the flavor, and prevent the formation of insoluble pectin.

Market Dynamics:

The food grade phosphoric acid market is witnessing strong growth on the account of growing demand for processed and packaged foods. This chemical is used in food additives and enhances the shelf life of foods. It is also used in bottled coffee beverages and flavored waters. Expanding food &beverage industry is again projected to stimulate growth of the market. Rapid urbanization and increasing disposable income of consumers is further acting as a catalyst for the market growth.

On contrary, health risk associated with the use of phosphoric acid is expected to restrict the market growth.

Key features of the study:

• This report provides in-depth analysis of the global food grade phosphoric acid market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2022–2030), considering 2021 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global food grade phosphoric acid market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Brenntag AG, Arkema Group, Guangxi Qinzhou Capital Success Chemical Co. Ltd, OCP SA, Grasim Industries Limited, Merck KGaA, Yunphos, Spectrum Chemical, Manufacturing Corp., Prayon SA, Emco Dyestuff Pvt. Ltd, Nutrien Ltd, Anmol Chemicals, and Vinipul Inorganics Private Limited
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global food grade phosphoric acid market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global food grade phosphoric acid market

Detailed Segmentation:

• Global Food Grade Phosphoric Acid Market, By Application:
• • Food
  • Beverages
  • Pharmaceutical
• Global Food Grade Phosphoric Acid Market, By Geography:
• • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Company Profiles:
• • Brenntag AG
  • Arkema Group
  • Guangxi Qinzhou Capital Success Chemical Co. Ltd
  • OCP SA
  • Grasim Industries Limited
  • Merck KGaA
  • Yunphos
  • Spectrum Chemical Manufacturing Corp.
  • Prayon SA
  • Emco Dyestuff Pvt. Ltd
  • Nutrien Ltd
  • Anmol Chemicals
  • Vinipul Inorganics Private Limited