Food Phosphate Global Market Report 2024

The food phosphate market size has grown strongly in recent years. It will grow from $2.85 billion in 2023 to $3.08 billion in 2024 at a compound annual growth rate (CAGR) of 8.0%. The growth observed in the historical period can be attributed to an increased demand for processed and convenience foods, the expansion of the food and beverage industry, the adoption of phosphates as food additives, the rise of ready-to-eat and ready-to-cook products, and the enhancement of food texture and appearance.

The food phosphate market size is expected to see strong growth in the next few years. It will grow to $4.03 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The anticipated growth in the forecast period can be attributed to the preservation of flavor and nutrient content, the increased shelf life of packaged foods, the growth in the global population, urbanization, and the rise in the vegan and plant-based food movement. Key trends in the forecast period include technological advances in food processing, an emphasis on sustainable sourcing of phosphates, the exploration of microencapsulation for phosphate delivery, the introduction of phosphates in clean meat production, and the adoption of phosphates in functional and fortified foods.

The anticipated increase in meat product consumption is poised to drive the growth of the food phosphate market in the future. Meat product consumption involves the intake of foods derived from animal meat, including beef, pork, poultry, lamb, and more. Food phosphates, chemical compounds widely employed in the meat industry, serve various purposes such as enhancing texture, appearance, shelf life, pH regulation, and moisture retention in meat products. As of May 2023, a report from the World Animal Foundation (WAF) indicated that beef consumption in the US reached 58.9 pounds per person in 2022, while chicken consumption increased from 115 pounds in 2022 to 117.40 pounds in 2023. Similarly, pork consumption rose from 51.1 to 51.6 pounds per person in 2022. Thus, the escalating trend of meat product consumption is a significant factor propelling the growth of the food phosphate market.

The increasing demand for processed foods is expected to contribute to the expansion of the food phosphate market. Processed foods, which undergo deliberate alterations in form, composition, or taste, utilize food phosphates for purposes such as flavor enhancement, texture improvement, freshness preservation, and acting as stabilizers or emulsifiers. According to the United States Department of Agriculture's March 2022 report, the total value of US processed food product exports amounted to $38 billion in 2022, marking a 10.96% increase from $34.24 billion in 2021. Canada and Mexico also demonstrated significant contributions to the processed food market with exports valued at $11.43 billion and $5.65 billion, respectively, in 2022. Hence, the growing demand for processed foods is a driving force behind the expansion of the food phosphate market.

A notable trend in the food phosphate market is the emphasis on product innovations by major companies to maintain their market positions. In April 2023, Innophos Holdings Inc., a US-based chemicals company, introduced LEVAIR Select, a non-aluminum phosphate designed for industrial bakers. This innovative calcium-based alternative to traditional sodium aluminum phosphate (SALP) serves as a leavening agent in bakery products, offering increased stability and longevity compared to SALP, making it an appealing choice for both bakers and consumers.

Major players in the food phosphate market are focusing on advanced solutions, including phosphate replacement solutions, to meet industry demands and enhance their product offerings. Phosphate replacement solutions, electrolyte solutions containing phosphates, are utilized to replenish phosphorus levels in the body. In June 2023, CJ Food & Nutrition Tech (CJ FNT), a Korea-based provider of health and nature solutions, launched TasteNrich HYBIND as a substitute for conventional phosphates. This product prioritizes natural ingredients and consistent performance, catering to the growing demand for healthier and cleaner-label choices. It addresses concerns about the potential health hazards associated with traditional phosphates, particularly for juveniles in Europe.

In June 2022, Koch Industries Inc., a US-based chemical manufacturing company, acquired a 50% stake in Jorf Fertilizers Company III for an undisclosed amount. This strategic acquisition aims to enhance Koch Industries Inc.'s global reach in the fertilizer market, establish a presence in the African fertilizer market, and diversify its business portfolio. Jorf Fertilizers Company III, based in Morocco, specializes in the production of food phosphates.

Major companies operating in the food phosphate market report are Nutrien Ltd., Solvay S.A., The Mosaic Company, Arkema SA, OCP Group, SQM SA, Univar Inc., EuroChem Group AG, Israel Chemicals Limited Group, Clariant AG, Aditya Birla Chemicals Pvt. Ltd., Innophos Holdings Inc., Hawkins Inc., Haifa Group, Chemische Fabrik Budenheim KG, Fosfa Inc., Prayon S.A., FBC Industries Inc., Polifar Group Limited, NutriScience Innovations LLC, TKI Hrastnik d.d, Natural Enrichment Industries LLC, Sulux Phosphates Ltd., XINGFA USA Corp, ATP Group.

North America was the largest region in the food phosphate market in 2023. The regions covered in the food phosphate market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the food phosphate market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The primary types of products within the category of food phosphates include sodium phosphate, potassium phosphate, calcium phosphate, phosphoric acid, and aluminum phosphate. Sodium phosphate encompasses a group of inorganic compounds containing sodium cations (Na+) and phosphate anions (PO43-). Its functionalities span buffers, sequestrants, acidulants, bases, flavors, cryoprotectants, dispersants, nutrients, and others. These applications find use in various sectors, including dairy, bakery products, meat and seafood processing, as well as beverages.

The food phosphate market research report is one of a series of new reports that provides food phosphate market statistics, including food phosphate industry global market size, regional shares, competitors with a food phosphate market share, detailed food phosphate market segments, market trends, and opportunities, and any further data you may need to thrive in the food phosphate industry. This food phosphate market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The food phosphate market consists of sales of monosodium phosphate, disodium phosphate, trisodium phosphate, tetrasodium pyrophosphate, sodium acid pyrophosphate (SAPP), sodium tripolyphosphate (STPP), and dicalcium phosphate (DCP). Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).


The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.