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Western Europe Food Phosphate Market size was over USD 44 million in 2020 and is estimated to grow at over 6% CAGR between 2021 and 2027 owing to increasing consumption of RTE and RTC & processed meat food products. Moreover, the high population of working women and the increasing number of single parents led to surging demand for frozen meat & poultry products.
Food phosphates are used as additives for producing food products and functioning as ion-exchange or free-flow (anticaking) agents, buffers, sequestrants, bases, cryoprotectants, flavours, acidulants, gel accelerants, dispersants, precipitants, and nutrients. They are primarily used to maintain the hydration & structure of poultry, meat, and seafood products. Food phosphates are commonly used in meat & meat products including cured pork products such as ham & bacon, and precooked breakfast sausages.
Increasing seafood consumption in Western European countries is projected to increase the food phosphate market in the region. Seafood contains functional components including n-3-polyunsaturated fatty acids, such as eicosapentaenoic acid and docosahexaenoic acid, that aid in preventing arteriosclerotic and thrombotic diseases.
Report Attribute | Details |
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Base Year: | 2020 |
Western Europe Food Phosphate Market Size in 2020: | 44.14 (USD) Million |
Forecast Period: | 2021 to 2027 |
Forecast Period 2021 to 2027 CAGR: | 6% |
2027 Value Projection: | 65.5 (USD) Million |
Historical Data for: | 2016 to 2020 |
No. of Pages: | 235 |
Tables, Charts & Figures: | 196 |
Segments covered: | Product and Application |
Growth Drivers: |
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Pitfalls & Challenges: |
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Furthermore, seafood is a higher source of phosphorous as compared to other sources as it retains the natural water-binding capacity of raw muscle proteins. Increasing public awareness regarding the health benefits of fish-based diets has propelled seafood consumption over the past few years.