The sodium hexametaphosphate market is estimated to be valued at USD 704.6 Mn in 2024 and is expected to reach USD 933.4 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.1% from 2024 to 2031. Sodium hexametaphosphate (SHMP) is an inorganic polyphosphate compound widely used as a sequestrant in food & beverage applications. It acts by chelating alkaline earth and heavy metal cations, preventing precipitation or crystallization. SHMP binds with calcium, magnesium, and iron ions found in food & beverages and holds them in solution, thus inhibiting their action. It promotes hydration and water retention in processed foods. Additionally, it reduces inorganic deposits on food processing equipment by chelating divalent ions. Due to these functional properties, sodium hexametaphosphate finds extensive use in the food & beverage industry as an anti-scaling agent, emulsifier, texture modifier, and preservative.
Market Dynamics:
An increase in demand for convenience and packaged food products across the globe is primarily driving the sodium hexametaphosphate market. The rising adoption of Western dietary patterns and changing consumer lifestyles have promoted packaged food consumption in many developing regions. SHMP helps extend the shelf life of processed foods by preventing oxidation and rancidity. It also aids in maintaining food quality, texture, and appearance for a long time. Additionally, SHMP helps reduce cleaning and maintenance costs for food processors by inhibiting scale formation on equipment surfaces. However, strict regulations pertaining to phosphates as food additives can hinder the market growth. Moreover, the availability of substitute sequestrant compounds also poses a challenge. Manufacturers shifting towards clean label ingredients and alternative natural sources can provide new opportunities in the coming years.
Key Features of the Study:
- This report provides an in-depth analysis of the global sodium hexametaphosphate market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue growth 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 approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global sodium hexametaphosphate 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 Kraft Chemical Company, Inc., Aditya Birla Chemicals, Mexichem, Prayon S.A., Innophos, Chongqing Chuandong Chemical (Group) Co.,Ltd, Israel Chemicals Limited (ICL), Yixing Tianyuan Chemical Co., Ltd., Recochem Inc., Hubei xingfa chemicals group co., LTD, Weifang Huabo Chemical Co., Ltd., Xuzhou Tianjia Food Chemical Co., Ltd, Guizhou Sino-Phos Chemical Co., LTD., Pari Chemicals, Acuro Organics Limited, AARTI PHOSPHATES, Akash Purochem Private Limited, Nilkanth Organics, Emco Dyestuff Pvt Ltd, Fengbai 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 sodium hexametaphosphate 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 sodium hexametaphosphate market
Detailed Segmentation-
- By Grade:
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- Acrylic
- Food Grade
- Technical Grade
- By Form:
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- Granular or Flaky
- Glass Pallets
- Powder
- By Application:
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- Food & Beverages
- Water Treatment
- Industrial & Institutional Cleaning
- Industrial Applications
- Others
- By Region:
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- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Company Profiles:
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- Kraft Chemical Company, Inc.
- Aditya Birla Chemicals
- Mexichem, Prayon S.A.
- Innophos
- Chongqing Chuandong Chemical (Group) Co.,Ltd
- Israel Chemicals Limited (ICL)
- Yixing Tianyuan Chemical Co., Ltd.
- Recochem Inc.
- Hubei xingfa chemicals group co., LTD
- Weifang Huabo Chemical Co., Ltd.
- Xuzhou Tianjia Food Chemical Co., Ltd
- Guizhou Sino-Phos Chemical Co., LTD.
- Pari Chemicals
- Acuro Organics Limited
- AARTI PHOSPHATES
- Akash Purochem Private Limited
- Nilkanth Organics
- Emco Dyestuff Pvt Ltd
- Fengbai Chemicals
- Vinipul Inorganics Private Limited