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The calcium phosphate segment is expected to showcase a CAGR of more than 6% during the forecast period, backed by consumer inclination for clean-label food products.
The beverage application segment of food phosphate market is set to observe a robust growth rate through 2032, owing to increasing usage of product in many functional, sports and nutritional drinks.
North America food phosphate market is witnessing significant growth till 2032, favored by the growing food sector in the region, with a strong demand for processed and convenience foods. A notable emphasis on product safety and quality is also driving the adoption of food phosphates alongside an increasing focus on health and wellness. The industry players in the region are focused on leveraging the opportunity of clean-label products and investing in R&D to introduce sustainable and healthier alternatives, which will push the market forward in the coming years.