Global Food Grade Phosphoric Acid Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product Type;

Food Grade 75%, Food Grade 80%, Food Grade 85%, and Others.

By Application;

Food, Beverage, and Pharmaceutical.

By Source;

Fertilizers, Feed & Food Additives, Detergents, Water Treatment Chemicals, Metal Treatment, Industrial Use, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn287880919 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Food Grade Phosphoric Acid Market (USD Million), 2021 - 2031

In the year 2024, the Global Food Grade Phosphoric Acid Market was valued at USD 2,526.97 million. The size of this market is expected to increase to USD 3,347.77 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.1%.

The Global Food Grade Phosphoric Acid Market is experiencing significant growth, driven by its extensive applications across various industries. Phosphoric acid, a vital ingredient in the food and beverage industry, is predominantly used as an acidulant, flavoring agent, and preservative. The demand for processed and convenience foods, coupled with the increasing consumption of carbonated beverages, is propelling the market forward. The growing awareness regarding food safety and quality is encouraging manufacturers to adopt food grade phosphoric acid, which meets stringent regulatory standards.

Another key factor contributing to the market's expansion is the rising use of phosphoric acid in the production of phosphate-based food additives. These additives are essential in enhancing the texture, moisture retention, and shelf-life of various food products, including meats, dairy products, and bakery items. The versatility of phosphoric acid in improving the functional properties of foods makes it a critical component in the formulation of numerous food products, thereby bolstering its market demand.

The market is witnessing advancements in production technologies, which are aimed at increasing the efficiency and purity of phosphoric acid. Innovations in manufacturing processes and the development of eco-friendly production methods are anticipated to reduce the environmental impact and production costs. This, in turn, is expected to attract more manufacturers and drive the market growth. The strategic collaborations between key players to enhance their product portfolios and expand their market presence are also likely to contribute to the robust growth of the global food grade phosphoric acid market.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Source
    4. Market Snapshot, By Region
  4. Global Food Grade Phosphoric Acid Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Demand
        2. Regulatory Compliance
        3. Food Safety
      2. Restraints
        1. Health concerns
        2. Price volatility
        3. Regulatory compliance
      3. Opportunities
        1. Consumer Demand
        2. Sustainability Practices
        3. Technological Advancements
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Food Grade Phosphoric Acid Market, By Product Type, 2021 - 2031 (USD Million)
      1. Food Grade 75%
      2. Food Grade 80%
      3. Food Grade 85%
      4. Others
    2. Global Food Grade Phosphoric Acid Market, By Application, 2021 - 2031 (USD Million)
      1. Food
      2. Beverage
      3. Pharmaceutical
    3. Global Food Grade Phosphoric Acid Market, By Source, 2021 - 2031 (USD Million)
      1. Fertilizers
      2. Feed & Food Additives
      3. Detergents
      4. Water Treatment Chemicals
      5. Metal Treatment
      6. Industrial Use
      7. Others
    4. Global Food Grade Phosphoric Acid Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. ICL Group Ltd. (Israel)
      2. OCP Group S.A. (Morocco)
      3. The Mosaic Company (US)
      4. Nutrien Ltd. (Canada)
      5. Eurochem Group AG (Switzerland)
      6. Phosagro Group of Companies (Russia)
      7. IFFCO (India)
  7. Analyst Views
  8. Future Outlook of the Market