FOOD GRADE PHOSPHORIC ACID MARKET ANALYSIS

Key Takeaways from Analyst

Rising per capita consumption of carbonated soft drinks, juices and other processed food and beverages worldwide can boost the need for food grade phosphoric acid. Asia Pacific represents the largest dominant regional market, owing to growing populations, improving economic conditions and shifting dietary habits in countries like China and India.

Increasing use of phosphoric acid in processed meat products to control pH levels and increase shelf-life also provides opportunities for market growth. However, fluctuating prices of raw materials needed for phosphoric acid production can hamper the market growth. Stringent regulations regarding the use of phosphates in food and beverages in some countries of North America and Europe poses challenge to industry players.

In terms of demand, liquid form of food grade phosphoric acid dominates other forms, however, solid/dry form is expected to gain share due to ease of handling and transportation. Leading players are investing in R&D to develop innovative production technologies and product offerings to cater to diversifying end user requirements and gain an edge over competition.