Analysis of Food-grade Monopotassium Phosphate market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Food-grade Monopotassium Phosphate is a white granular product which is used as a PH control agent, buffering agent, acidulant and a rich source of nutrition. Monopotassium phosphates are used in the formulation of granular and liquid fertilizers, which helps in early plant growth and development. Monopotassium phosphate is compiled with the specification of the current Food Chemicals Codex to form Food-grade Monopotassium phosphate. The Food-grade Monopotassium phosphate is extensively used in baked goods, beverages, dairy products, meat, poultry, seafood, jellies and gelatin, among others.
The Food-grade Monopotassium phosphate is also used in nutrition products, owing to its high nutrition content. The food-grade Monopotassium phosphate is safe for consumption by every set of consumers as food-grade Monopotassium phosphate does not contain any allergens such as celery, eggs, soybeans, tree nuts, milk products, peanuts, wheat, fish and shellfish. Also, the absence of any animal product or any animal origin material ensures food-grade monopotassium phosphate’s popularity among consumers, who prefer vegan and animal-free products.
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The Food-grade Monopotassium Phosphate is rising in popularity, owing to increasing concerns regarding intolerance against animal origin products. Many bakery product manufacturers have started to use Food-grade Monopotassium Phosphate as an ingredient in their products, which in turn, is anticipated to create lucrative opportunities in the Food-grade Monopotassium Phosphate market. Even Food-grade Monopotassium Phosphate is gluten-free, therefore reduces the risk of unacceptance from the gluten-intolerant consumers, thus leading to surge in the demand for food-grade Monopotassium phosphate in various end-use applications.
Increasing adoption of a gluten-free diet is expected to influence the demand for Food-grade Monopotassium Phosphate directly. Moreover, extensive research and development activities are carried out in the food & beverage industry and the nutrition supplements industry to explore various new applications of food-grade Monopotassium phosphate, which is further expected to enhance the growth of food-grade Monopotassium phosphate market.
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The Food-grade Monopotassium Phosphate market can be segmented based on, end-use applications and geographies. Based on the end-use applications, the food-grade Monopotassium phosphate market can be segmented into bakery, dairy products, beverages, nutraceutical supplements and others. The other end-use applications of food-grade Monopotassium Phosphate include starter cultures, yeast cultures, jellies, seafood, among others. The global Food-grade Monopotassium Phosphate market can be divided into seven regions: North America, Latin America, Europe, East Asia, South Asia, Oceania and the Middle East and Africa.
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Developed economies, such as North America, will continue to create lucrative opportunities for food-grade Monopotassium phosphate market owing to the growing prevalence of food allergies in the region. Additionally, Oceania is likely to emerge as a rapidly growing market for Food-grade Monopotassium Phosphate due to continuous surging demand for animal-free products in countries, such as Australia and New Zealand. APEJ is likely to be the manufacturing hub for the manufacturers of Food-grade Monopotassium Phosphate, thus resulting in the growth of the overall Food-grade Monopotassium Phosphate market.
The major players in the Food-grade Monopotassium Phosphate market are using various internal and external strategies to increase the footprint in the global market. Some of the players in the Food-grade Monopotassium Phosphate market includes ICL Food Specialities, Unirons Plasticos LTDA, AVA Chemicals Pvt. Ltd., Positive Chemicals Pvt. Ltd., Jingjiang Just Food Co. Ltd., Shijiazhuang Ligong Machinery Co., Ltd., Xuzhou First Chemical Co., Ltd., Xiamen Ditai Chemicals Co., Ltd. among others.
The research report presents a comprehensive assessment of the Food-Grade Monopotassium Phosphate market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Food-Grade Monopotassium Phosphate market segments such as end-use applications and geographies.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments of Food-Grade Monopotassium Phosphate. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
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The food-grade monopotassium market is expected to grow at a CAGR of 6.1% during the forecast period.
Increasing adoption of a gluten-free diet is driving the demand for the Food-grade Monopotassium Phosphate market.
Developed economies like North America will create lucrative opportunities for this market.
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