Europe & MEA Food Phosphate Market Size

Europe & MEA Food Phosphate Market Size

Europe & MEA Food Phosphate Market size exceeded USD 205 million, globally in 2019 and is estimated to grow at over 5.5% CAGR between 2020 and 2026. Increasing demand for easily digestible and high-performance ingredients in food & beverage industry will augment the market outlook. 

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Food phosphates are also obtained from phosphate rock through intensive purification and are majorly used in food production applications as they impart functions such as acidulants, buffering, nutrients, and anticaking properties. It also provides distinctive flavor to beverages along with high mineral content which makes it easy for industry player to market products.

They are widely used in preparing dairy & bakery solutions owing to key properties such as acidity buffering, natural color & flavors penetration, improving shelf life, and stability which is likely to augment Europe & MEA food phosphate market trends.

Rapid penetration in baking industry in manufacturing nutrition rich and easily digestible solutions is likely to boost product demand. Food phosphate is compatible with various baking ingredients such as traditional dairy, plant-based milk, and yeast which makes it easy to prepare nutritious and tasty preparations. Furthermore, industry players are rapidly using it to improve quality and shelf life of the products which should propel Europe & MEA food phosphate industry growth.

Increasing demand for low fat and low sodium bakery & dairy preparations such as American cheese, Swiss cheese, and Greek yoghurt is likely to boost product demand. Food phosphates not only aid in boosting shelf life but also protecting products from oxidation and moisture once the lid is opened. Rapid product penetration in food & beverage industry and shift towards high performance additives is likely to boost market statistics.

Industry players are rapidly experimenting with various additive and preservative agents in an attempt to diversify product portfolio. Food phosphate not only acts as a high-performance preservative but also imparts flavor and aids in retaining aroma. Furthermore, it is rich in essential minerals which makes it easy for industry players to market their products with healthy taglines which is likely to foster the market demand.

European regulation No 1333/2008 lays down a Union list of food additives approved for use in food and their conditions of use. The regulation specifies the use of food phosphates and their concentration in order to safeguard consumer wellbeing. This regulation is helping manufactures to rapidly tweak with product line ups in an attempt to produce high quality products which is likely to augment Europe food phosphate market growth.