Potassium Dihydrogen Phosphate Market Analysis

  • Report ID: 5772
  • Published Date: Apr 29, 2024
  • Report Format: PDF, PPT

Potassium Dihydrogen Phosphate Market Analysis

Type (Technical Grade, Food Grade)

The food-grade segment in the potassium dihydrogen phosphate market is estimated to gain the largest revenue share of 70% in the year 2036. A significant factor that will boost the food-grade segment of potassium dihydrogen phosphate is the rising consumer preference for healthier food choices and plant-based food choices.

Moreover, Gen Z prefers plant-based substitutes for meat and animal goods. Indeed, 19% of Gen Z stated that they follow a plant-based diet. Additionally, a lot of substances made from plants are more environmentally friendly. Methane emissions from cattle farming for dairy and beef products are significant environmental pollutants.

As consumers become more health-conscious, there is a growing demand for food products that are not only flavorful but also meet certain nutritional criteria. Furthermore, it is employed as a bulking and flavoring agent in food processing to improve food quality and flavor.

Potassium dihydrogen phosphate aids in the management of corrosion and enhances the standard of metal surface treatment. It is used in the food industry as a leavening agent, flavoring ingredient, fermentation additive, nutritional fortifier, and yeast food in the production of baked goods. This high demand for potassium dihydrogen phosphate as a natural food additive will increase the food-grade segment revenue.

End User (Agriculture, Food and Beverages, Chemicals, Pharmaceuticals, Opto-Electronics)

The pharmaceuticals segment is predicted to garner a significant share in the year 2036. The global demographic landscape is characterized by a growing aging population and this will help the pharmaceutical segment to achieve the most revenue share in the potassium dihydrogen phosphate industry. As of 2022, individuals aged 65 and older make up approximately 10% of the global population, and this percentage is estimated to rise significantly in the coming decades. The elderly population is more susceptible to chronic diseases, leading to a higher demand for pharmaceutical interventions.

Potassium dihydrogen phosphate, with its role in pharmaceutical formulations, becomes crucial in developing medications that cater to the unique healthcare needs of the aging population. The demographic shift towards an older population contributes to the sustained growth of the pharmaceuticals segment. Pharmaceutical companies globally are intensifying their investment in research and development (R&D) activities.

Our in-depth analysis of the global market includes the following segments:

     Type

  • Technical Grade
  • Food Grade

     End User

  • Agriculture
  • Food and Beverages
  • Chemicals
  • Pharmaceuticals
  • Opto-Electronics

     Application

  • Fungicide
  • Buffering Agent
  • Food Additive
  • Photo-Optic
  • Nutrition
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Author Credits:  Rajrani Baghel


  • Report ID: 5772
  • Published Date: Apr 29, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The robust expansion of the agriculture sector will majorly drive the market growth of the potassium dihydrogen phosphate market.

The market size of the cationic reagents market is expected to get a CAGR of approximately 14% over the forecast period, i.e., 2024-2036.

The major players in the market are Israel Chemicals Ltd., Haifa Group, Nutrien Ltd., Yara International ASA, The Mosaic Company, Agrium Inc., K+S Aktiengesellschaft, Jost Chemical Co., Protex International, PhosAgro AG, Sumitomo Chemical Company, Limited, ICL Japan Co., Ltd., Nippon Potash Co., Ltd., Nissan Chemical Corporation, Chugoku Kogyo Co., Ltd.

The food-grade segment is anticipated to reap the largest market size with almost 70% by the end of 2036 and demonstrate substantial growth scopes.

The market in the APAC region is expected to have the largest market share by the end of 2036 and provide more business opportunities in the future.
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