The Processed Food vertical to drive the Sodium Phosphate Market, reaching US$ 666.8 Million by the year 2032

The global sodium phosphate market was worth US$ 412.3 Million in the year 2022 and is expected to reach US$ 666.8 Million by the year 2032 at a CAGR of 4.9% between 2022 and 2032.

Sodium phosphate, apart from being used in the food & beverages vertical, is used for regulating pH of the processed foods. Its exclusive cleansing properties help in finding their place in oral hygiene products, shampoos, hair conditioners, bath products, hair dyes, fragrances, different kinds of make-up, and the other skincare products.

Steel parts are also coated with sodium phosphate for preventing corrosion and serving as base for subsequent paintings and coatings. Plus, increasing intake of meat with demand for water treatment chemicals are expected to catalyze the market.

At the same time, the fact that reserves of phosphates are diminishing can’t be ignored. There are also strict regulations being inflicted regarding usage of sodium phosphate in the detergents. This factor is also expected to hamper the sodium phosphate market in the forecast period. Excessive usage is likely to cause damage to kidney and even death if gone unchecked.

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Future Market Insights has walked through these facts with future perspectives in its latest market study entitled ‘Sodium Phosphate Market’. It has its team of analysts and consultants to execute through a 360-degree view in primary, secondary, and tertiary modes of research.

“Start-ups in sodium phosphate market are found to have an intensified emphasis on experimentation”, says an analyst from Future Market Insights.

Key Takeaways from Sodium Phosphate Market

• North America holds the largest market share sue to the population emphasizing on high-protein diets with increase in affordability. Plus, sodium phosphate is getting used by the manufacturers for enhancing baking qualities of cakes and cookies and texture with the objective of adding nutritional value, that too, without resulting in any negative side effects. The other products at advantage include toast, cupcakes, and biscuits.
• Europe holds the second-largest market share. The EU and EFTA (European Free Trade Association) have actually approved of sodium phosphate as secure food additive with E-number E339 on their list of approved substances.
• The Asia-Pacific is expected to pick up pace in the sodium phosphate market in the forecast period with growing awareness regarding the applications of sodium phosphate in the food & beverage vertical.

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Competitive Landscape

The key participants in sodium phosphate market include The Mosaic Company, S.A. OCP, Potash Corporation of Saskatchewan Inc., PJSC PhosAgro AG, Agrium Inc., EuroChem, Saudi Arabian Mining Company, Innophos Holdings, Inc., and Israel Chemicals Ltd.

What does the Report Cover?

• The research study is based on product type (monobasic sodium phosphate, disodium phosphate, and trisodium phosphate), by application (food & beverages, personal care, fertilizers, detergents, metal finishing, and water treatment chemicals), and by source (sedimentary marine deposits, igneous & weathered rock, and biogenic).
• With sodium phosphate increasingly being used as emulsifiers, thickening agents, and leavening agents for baked goods, the global sodium phosphate market is likely to grow on a good note in the years to come.

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Key Segments Profiled in the Sodium Phosphate Market Survey

By Product Type:

• Monobasic sodium phosphate
• Disodium phosphate
• Trisodium phosphate

By Application:

• Food & Beverages
• Personal Care
• Fertilizers
• Detergents
• Metal Finishing
• Water Treatment Chemicals

By Source:

• Sedimentary Marine Deposits
• Igneous & Weathered Rock
• Biogenic