FMI Food Grade Phosphates Market size and forecast, 20 | Page 6

Food Grade Phosphates Market
Food grade phosphates market is expected to exhibit healthy CAGR during forecast period. Major factors
that fuel the growth of food grade phosphates includes growing needs of increasing population coupled
with rising consumer awareness regarding the benefits associated with the consumption of food grade
phosphates. Major factor that restraints the growth of food grade phosphates market are the high price
associated with the food grade phosphates.
Food Grade Market: Key Players
Major companies operating in food grade phosphates market are Aditya Birla Chemicals, TKI Hrastnik,
d.d., GUIZHOU QIANLIN PHOSPHATES INDUSTRY CO.,LTD, ICL Performance Products, Prayon SA,
PhosAgro, ChemSol, LLC, CRU Group, Rotel Domestic and Foreign Trade Co. Companies operating in
food grade phosphates market are mainly adopting strategy to enter new markets and also to increase
its production capacity. For instance, ICL Performance Products, in 2015 set up new production unit in
Israel in order to cater to the rising need of the consumers in the region

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