According to a new report by Reports and Data, the global potassium phosphate market is expected to reach USD 399.6 million by 2027. Potassium Phosphate is an odourless, hygroscopic, crystalline common granular potassium salt chemically bonded with phosphate ions that is produced by completely neutralising phosphoric acid with high purity potassium hydroxide and potassium carbonate and then crystallising the product. The European Union (EU) and the European Free Trade Association (EFTA) have approved potassium phosphate as a safe food additive with the E-Number E340. The global market is expanding rapidly due to increased demand for potassium phosphate in food processing applications and kidney ailments. There has been an increase in the number of uric acid and calcium kidney stone diseases and disorders.
Get a sample copy of the report @ https://www.reportsanddata.com/sample-enquiry-form/2659
Top Players in the Global Potassium Phosphate Market:
BASF SE, Evonik Industries AG, Baker Hughes Incorporated, Huangshi Xinghua Biochemical Co., Ltd., Cargill, Incorporated, Dr. Paul Lohmann GmbH KG, Tate & Lyle PLC, Jungbunzlauer Suisse AG, American Tartaric Products, and FBC Industries.
Further key findings from the report suggest
- Potassium phosphate injection is used as a phosphate supplement which treats or prevents hypophosphatemia low phosphorus content in blood. Also, this inorganic chemical compound is used as an additive in fluid formula injections which helps control the amount of calcium in urine and body. Consuming potassium phosphate can make urine more acidic and prevents calcium kidney stones.
- Growing penetration of the online retailing businesses for the chemicals and materials, especially in the emerging nations in the Asia Pacific, is helping the market grow by broadening the outreach in the areas where the offline vendors are unavailable. Also, due to the non-involvement of distributors in the supply chain model, the profit margin is way more than that of the offline retailing. The online retailing is expected to gain a market share of 33.9% by 2027.
- Potassium phosphate acidulants are used in food & beverage applications as additives that provide a sharp taste in food items with assisting in the setting of gels to act as acidulant in beverages also. Also, Potassium phosphate sequestering agents are used in meats so that they can stabilize the inner molecule and prevent deterioration in food color & aroma.
- APAC, owing to its impressive advancement in the foods & beverages and consumer goods coupled with a remarkable rise in the healthcare & pharmaceutical industries in China and India, is expected to grow with the fastest CAGR of 7.0% throughout the forecast period and expected to retain its superiority in the market by the end of 2027.
- North America, with its high demand for potassium phosphate diuretic & sequestering agent, is accounted to retain a significant position in the global market by 2027, and the CAGR is calculated to be 5.9% during the forecast period.
Read full Report Description@ https://www.reportsanddata.com/report-detail/potassium-phosphate-market
Market segmentation based on Distribution Channel Outlook (Revenue, USD Million; 2016-2027)
- Online Retailing
- Offline Retailing
Application Outlook (Revenue, USD Million; 2016-2027)
- Acidulant
- Diuretic
- Buffering & Sequestering Agent
- Other Applications
End-Use Verticals Outlook (Revenue, USD Million; 2016-2027)
- Food & Beverage Industry
- Medical & Pharmaceutical
- Personal Care Products
- Others
Regional Outlook (Revenue, USD Million; 2016-2027)
- North America
- US
- Europe
- UK
- France
- Asia Pacific
- China
- India
- Japan
- MEA
- Latin America
- Brazil
Request a customized copy of the report@ https://www.reportsanddata.com/request-customization-form/2659
Frequently Asked Questions Answered in the Report:
- What is the estimated revenue growth rate of the global Potassium Phosphate market over the forecast period?
- What are the major factors driving the global market revenue growth?
- Which are the leading manufacturers and suppliers in the global Potassium Phosphate market?
- Which regional market is expected to lead in terms of revenue share in the global Potassium Phosphate market over the forecast years?
- What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?
Thank you for reading our report. Please connect with us to know more about the report and its customization feature. Our team will ensure the report is well suited to meet your requirements.
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: [email protected]
Blog: https://www.reportsanddata.com/blogs