FOOD GRADE PHOSPHORIC ACID MARKET ANALYSIS

Regional Analysis

Global Food Grade Phosphoric Acid Market: Regional Insights

Regionally, North America is projected to dominate the global food grade phosphoric acid market over the forecast period owing to the increasing demand from food &beverage industry. It is commonly used as acidulate after citric acid. It is widely used in cola drinks The food grade phosphoric acid market in the United States was valued at USD 414.4 million in 2019, and it is expected to reach USD 500.1 million by 2025, registering a CAGR of 3.25% during the forecast period.

Asia Pacific is also projected to experience fastest growth in the global market over the forecast period owing to the increasing population of India and changing lifestyle. These factors are surging demand for ready-to-eat meals and beverages, which is projected to foster the growth of Phosphoric Acid 85%- Food Grade especially in India. The food grade phosphoric acid market in India was valued at USD 124.2 million in 2019, and it is expected to reach USD 163.6 million by 2025, registering a CAGR of 4.76% during the forecast period. Moreover, increasing development of high-speed food processing industry in China is again fostering regional market growth.

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East: GCC Countries, Israel, and Rest of Middle East
• Africa: South Africa, North Africa, and Central Africa