Food Grade Phosphate Market Potential Growth, Share, Demand and Analysis of Key Players – Forecasts to 2034
The global food grade phosphate market was worth around US$ 2,125.3 million in 2019 and has reached up to US$ 3,104.8 million in 2024. The entire market is witnessing opportunities to develop at a promising CAGR of 8% over the next ten years. By 2034, the total industry valuation is set to reach up to US$ 6,685.7 million. The need for food-grade phosphate production has been fueled by its higher use in bakery foods for texture enhancement, moisture retention, and shelf-life extension. Phosphorus is also used in many carbonated beverages as an acidity control. The increase in consumption of carbonated soft drinks and energy drinks as a result of contemporary consumer trends and taste preferences is aiding the phosphate market’s rapid expansion. The market dynamics of food phosphates are also fast changing due to their wide range of applications in the animal feed sector. Request a Sample of this Report Now! https://www.futuremarketinsights.com/rep...
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