Selbyville, Delaware, June 04, 2020 (GLOBE NEWSWIRE) --
The Europe & MEA Food Phosphate Market is poised to cross USD 300 million by 2026, according to a new research report by Global Market Insights, Inc. Increasing demand for easily digestible and nutrition ingredients in food & beverage industry is likely to boost product demand.
Europe & MEA food phosphate industry from bakery is likely to surpass USD 80 million by 2026 owing to increasing demand for high quality ingredients in packaged bakery solutions. Food phosphates are added to the bakery and confectionary items as emulsifiers, caking and stabilizing agents thereby boosting market penetration. Growing bakery and confectionery industry in Europe & MEA will positively affect the market growth of food phosphates. Increasing demand for low calorie confections and rise in gifting trends are the major factor contributing towards market growth.
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Some major findings of Europe & MEA Food Phosphate market report include:
- The demand for food phosphates in Europe & MEA is increasing globally owing to rapid shift towards high performance ingredients in food & beverage industry
- Europe & MEA market is likely to grow owing to rising red and white meat consumption
- Europe & MEA food phosphate market from shrimp is set to register over 5% CAGR up to 2026, owing to increasing demand for low fat and high-quality seafood products
- Changing dietary patterns and increasing demand for easily ingredients in diary industry to boost Europe & MEA market outlook.
- Europe & MEA market from potassium phosphate is likely to achieve over 5% CAGR through 2026, owing to rapid penetration in chilled meat product manufacturing.
- Industry are rapidly entering into long term contracts in an attempt to continue production during COVID -19 with limited resources which is increasing suppler power in market sphere.
- Europe & MEA industry market players are rapidly investing in new product development in an attempt to attract Gen X and millennial demographics
- Europe & MEA food phosphate industry from ammonium phosphate is likely to surpass USD 17 million by the end of 2026 owing to rapid use in preserving canned seafood products
- Some of the major players operating in Europe & MEA food phosphate market include Arkema group, Merck KGaA, Anhui Suntran Chemical, Aditya Birla Chemicals, and Univar
- Strict manufacturing regulations in Europe is likely is increasing competition in market as industry players are competing on price and quality
Browse key industry insights spread across 220 pages with 199 market data tables and 34 figures & charts from the report, “Europe & MEA Food Phosphate Market Statistics By Application (Bakery Products, Meat And Poultry Products {Chilled Meat, Fresh And Cooked Hams, Chicken And Other Poultry, Sausages} Seafood Products {Frozen Fish, Shellfish, Shrimps}, Dairy Products, Beverages), Products (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), Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/europe-mea-food-phosphate-market
Rising geriatric population in Europe and increasing demand for easily digestible food & beverage solutions is likely to boost product demand. Food phosphates are widely in preparing prepacked meat, canned seafood, and bakery products. They not only aid in increasing the shelf life but also provide additional protection when the products are exposed to air and moisture. Industry players in Europe are rapidly expanding product portfolio in an attempt to gain brand recognition, broaden consumer base and strengthen market share which is likely to stimulate regional growth.
Several industry players in Europe & MEA food phosphate market are engaged in new product development, expanding and outsourcing production facilities. Manufacturers are rapidly sourcing high-quality raw material along with getting into long term contracts to reduce supplier resilience and provide competitive price advantage which is likely to boost the market share.
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Browse Related Reports:
Global Food phosphate Industry By Application (Dairy, Bakery Products, Meat & Seafood Processing, Beverages), Product (Sodium Phosphate [Sodium Tripolyphosphate (STPP), Sodium Acid Pyrophosphate], Potassium Phosphate [Dipotassium, Monopotassium, Tetra Potassium], Calcium Phosphate, Phosphoric Acid, Ammonium Phosphate), Regional Outlook, Competitive Market Share & Forecast, 2016 – 2024
https://www.gminsights.com/industry-analysis/food-phosphate-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.