Global Trisodium Phosphate Market to Grow at a Healthy Pace During 2024-2032, Aided by the Growing Demand for Food Additives

The trisodium phosphate industry is being driven by the growing utilisation of food additives owing to the rising demand for convenience and processed food products. As trisodium phosphate can act as an acidity regulator, reducing the acidic nature of various food products, its demand within the food industry is rapidly increasing. Further, it can be added to dry and extruded cereals, thus, aiding the industry growth. The easy availability of packaged food products through retail channels like Walmart Inc (NYSE: WMT) and Amazon.com, Inc. (NASDAQ: AMZN) is expected to significantly contribute to the industry growth in the forecast period. Moreover, sodium phosphate is recognised as safe for use in food products and has received approval from the Food and Drug Administration for use in food as well as personal care products, thus, boosting the industry growth.

Some of the major players in the industry include Recochem Inc. and Jiangsu Kolod Food Ingredients Co., Ltd. The key players are focusing on expanding their global reach and enhancing their production capacity. For instance, with plants or distribution centres in North America, Europe, India, Asia, and Australia, Recochem Inc. offers custom formulations and solutions to customers across the globe, serving individual, commercial, or industrial needs. These players are focusing on providing superior quality products to the consumers at competitive prices, which is expected to significantly contribute to the industry growth over the forecast period.

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Market Breakup by Grade, Application, and Region:

• By grade, the industry can be broadly categorised into food and technical grade trisodium phosphate.
• On the basis of application, the industry can be segmented into food additive, detergent and cleaners, metal treatment, and water softener, among others.
• Region-wise, the global market for trisodium phosphate can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The market is being driven by the growing food industry and the increasing demand for packaged and processed food products.
• The increasing demand for trisodium phosphate for detergent and cleaning applications in developing nations is further aiding the market growth.
• The industry is receiving a further boost with the rising disposable incomes, rapid industrialisation, and expanding applications of trisodium phosphate.
• The advancements in the food processing sector is expected to significantly contribute to the industry growth.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for trisodium phosphate for the periods (2018-2023) and (2024-2032).
• The report also offers historical (2018-2023) and forecast (2024-2032) market information for the grades, applications, and major regions of trisodium phosphate.
• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global trisodium phosphate market are Recochem Inc., Jiangsu Kolod Food Ingredients Co., Ltd., FBC Industries, Inc., Aarti Phosphates, and Hefei TNJ Chemical Industry Co.,Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

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