FMI Food Grade Phosphates Market size and forecast, 20 | Page 5

Food Grade Phosphates Market
phosphates is expected to experience flat growth in the forthcoming years due to the more preference of
consumers to consume sodium and calcium phosphates. Based on the application, food grade
phosphates are segmented into bakery, food and beverage, dairy products and meat products. Of which
meat product segment is the leading segment and expected to contribute highest revenue during the
next four to five years, followed by bakery segment. Bakery segment is also expected to contribute
significant revenue to the overall revenue of the food grade phosphates market. Global food grade
phosphates market is segmented on the basis of region into North America, Latin America, Eastern
Europe, Western Europe, Asia Pacific excluding Japan, Middle East and Africa and Japan.
Food Grade Phosphates: Region-wise Outlook
The global food grade phosphates market is expected to witness robust growth over the forecast period
due to the rising needs of the increasing population coupled with the rising disposable income of the
consumers. Globally, among all regions, North America is expected to contribute highest market share,
followed by Europe over the forecast period. In North America, U.S. is expected to contribute maximum
market share due the high disposable income of the consumers. However Asia Pacific is anticipated to
witness highest growth owing to the rising disposable income of consumers in various countries.

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Food Grade Phosphates: Drivers
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