April 19, 2022
According to the research report titled ‘Western Europe Food Phosphate Market Size, Share and Industry Analysis Report by Product (Sodium Phosphate {Monosodium Phosphate, Disodium Phosphate, Trisodium Phosphate, Disodium Diphosphate, Trisodium Diphosphate, Tetrasodium Diphosphate, Pentasodium Triphosphate, Sodium Polyphosphate, Sodium Calcium Polyphosphate}, Potassium Phosphate {Dipotassium Phosphate, Monopotassium Phosphate, Tetra Potassium Pyrophosphate}, Calcium Phosphate, Phosphoric Acid, Ammonium Phosphate, Blended Phosphates), by Application (Meat And Poultry Products {Chilled Meat, Fresh And Cooked Hams, Chicken And Other Poultry [RTE Chicken], Sausages [Emulsified Cooked Sausage]} Seafood Products {Frozen Fish, Shellfish, Shrimps}) Regional Outlook, Application Potential, Competitive Market, 2021- 2027,’ available with MarketStudyReport, Western Europe food phosphate market is slated to record colossal growth during 2021-2027.
Strong inclination toward seafood given the soaring health awareness, combined with the rising demand for processed meat are the major factors driving the expansion of Western Europe food phosphate industry.
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Notably, phosphate is widely used to enhance the flavor and moistness of end-products like frozen fish & meat, ham, sausages, and others.
However, intense apprehension in consumers about the ill effects of synthetic additives being used in the products is likely to challenge the development of the business sphere during the review period.
Based on product type, the trisodium phosphate segment is estimated to amass USD 1.95 million by the end of forecast period, due to the beneficial offerings of the product in reducing acidity in food items.
Moreover, the dipotassium phosphate vertical is anticipated to record 5.5% CAGR during the analysis period, owing to its anti-coagulation, anti-acid, and antioxidant properties, along with its ability to pose as buffering agent.
From an application standpoint, Western Europe food phosphate market share from the fresh & cooked hams segment of meat & poultry category is predicted to accrue USD 1.05 million during the stipulated timeline, as hams are one of the most consumed food products in Europe.
Besides this, the emulsified cooked sausages segment is speculated to be worth USD 440,000 by the end of 2027. Also, the shellfish seafood application is expected to accrue USD 4.50 million by the end of research period.
Concerning the geographical scope, UK industry is poised to develop at 6.7% CAGR during the assessment timeframe, whereas Belgium market is projected to be worth USD 2.75 million by the end of the projected timeline, attributed to the massive quantities of frozen seafood and processed meat consumption in the western parts of Europe.
The key players in Western Europe food phosphate industry are Hubei Xingfa Chemicals Group Co. Ltd., Arkema Group, Nutrien Ltd., Merck KGaA, Haifa Group, Anhui Suntran Chemical Co. Ltd., ICL Specialty Products Inc., Aditya Birla Chemicals Ltd., TKI Hrastnik, Univar Solutions Inc., EURODUNA Food Ingredients GmbH, Prayon Inc., and FOSFA A.S. among others.