Food Grade Phosphoric Acid Market, By Form (Liquid, Solid, and Others), By Application (Food and Beverages, Pharmaceuticals, Animal Feed, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

PUBLISHED: February 10, 2025

PAGES: 123 Pages

DELIVERY TIME: 2-3 business days

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Description

Global Food Grade Phosphoric Acid Market is estimated to be valued at USD 2.42 Bn in 2025 and is expected to reach USD 3.08 Bn by 2032, growing at a compound annual growth rate (CAGR) of 3.5% from 2025 to 2032.

Report Coverage		Report Details
Base Year:	2024	Market Size in 2025:	USD 2.42 Bn
Historical Data for:	2020 To 2024	Forecast Period:	2025 To 2032
Forecast Period 2025 to 2032 CAGR:	3.50%	2032 Value Projection:	USD 3.08 Bn

Figure. Food Grade Phosphoric Acid Market Share (%), By Region 2025

Food Grade Phosphoric Acid Market - IMG1

Phosphoric acid is an important nutritional ingredient used in various food applications such as dairy products, beverages, bakery goods, and others. It regulates pH levels in these foods and prevents microbial growth. With rising health consciousness, there will be huge demand for processed and packaged foods. This can boost demand for food grade phosphoric acid over the forecast period. However, stringent regulations by U.S. FDA regarding its use may hamper the market growth.

Market Dynamics

Growing consumption of processed foods and beverages globally can lead to increased usage of phosphoric acid. Ready-to-drink beverages especially soda, energy drinks, and others consume large quantities of phosphoric acid as an acidulant. Rising demand for packaged dairy products such as milk powder, cheese, yogurt, and others which utilize phosphoric acid as a preservative and pH can aid market expansion. However, growing concerns regarding potential adverse health effects of phosphates can hamper the market growth. Product innovation targeting replacement of artificial ingredients with phosphoric acid can open up new opportunities for market players.

Key Features of the Study

This report provides in-depth analysis of the global food grade phosphoric acid market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global food grade phosphoric acid market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include The Mosaic Company, OCP Group, Nutrien Ltd., Yara International ASA, Innophos Holdings, Inc., ICL Group Ltd., Hubei Ganke Chemical Co., Ltd., Chengxing Group Co., Ltd., Prayon S.A., AAPPTec, S. J. Chemicals, Hubei Huashan Chemical Co., Ltd., Kandla Chemicals Pvt. Ltd., Hunan Nonferrous Chenzhou Fluoride Chemical Co., Ltd., and Jiangyin Chengxing Group Co., Ltd.

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

Global food grade phosphoric acid market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global food grade phosphoric acid market

Market Segmentation

By Form Insights (Revenue, USD Bn, 2020 - 2032)
- Liquid
- Solid
- Others
By Application Insights (Revenue, USD Bn, 2020 - 2032)
- Food and Beverages
- Pharmaceuticals
- Animal Feed
- Others
Regional Insights (Revenue, USD Bn, 2020 - 2032)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- The Mosaic Company
- OCP Group
- Nutrien Ltd.
- Yara International ASA
- Innophos Holdings, Inc.
- ICL Group Ltd.
- Hubei Ganke Chemical Co., Ltd.
- Chengxing Group Co., Ltd.
- Prayon S.A.
- AAPPTec
- S. J. Chemicals
- Hubei Huashan Chemical Co., Ltd.
- Kandla Chemicals Pvt. Ltd.
- Hunan Nonferrous Chenzhou Fluoride Chemical Co., Ltd.
- Jiangyin Chengxing Group Co., Ltd.

Product Code: CMI5317

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Global Food Grade Phosphoric Acid Market, By Form
- Global Food Grade Phosphoric Acid Market, By Application
- Global Food Grade Phosphoric Acid Market, By Region

3. Market Dynamics, Regulations, And Trends Analysis

Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trend

4. Global Food Grade Phosphoric Acid Market, By Form, 2020-2032, (USD Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Liquid
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Solid
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)

5. Global Food Grade Phosphoric Acid Market, By Application, 2020-2032, (USD Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Food and Beverages
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Pharmaceuticals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Animal Feed
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)

6. Global Food Grade Phosphoric Acid Market, By Region, 2020 - 2032, (USD Bn)

Introduction
- Market Share (%) Analysis, 2025, 2028 & 2032, (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2021 - 2032, (USD Bn)
- Regional Trends
North America
- Introduction
- Market Size and Forecast, By Form, 2020 - 2032, (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, (USD Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Form, 2020 - 2032, (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, (USD Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Form, 2020 - 2032, (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, (USD Bn)
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Form, 2020 - 2032, (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, (USD Bn)
  - China
  - India
  - Japan
  - Australia
  - South Korea
  - ASEAN
  - Rest of Asia Pacific
Middle East
- Introduction
- Market Size and Forecast, By Form, 2020 - 2032, (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, (USD Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, By Form, 2020 - 2032, (USD Bn)
- Market Size and Forecast, By Application, 2020 - 2032, (USD Bn)
- Market Size and Forecast, By Country/Region, 2020 - 2032, (USD Bn)
  - South Africa
  - North Africa
  - Central Africa

7. Competitive Landscape

The Mosaic Company
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
OCP Group
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Nutrien Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Yara International ASA
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Innophos Holdings, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
ICL Group Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Hubei Ganke Chemical Co., Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Chengxing Group Co., Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Prayon S.A.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
AAPPTec
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- S. J. Chemicals
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Hubei Huashan Chemical Co., Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Kandla Chemicals Pvt. Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Hunan Nonferrous Chenzhou Fluoride Chemical Co., Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Jiangyin Chengxing Group Co., Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies