Potassium Dihydrogen Phosphate Market Segmentation:
Type Segment Analysis
The food-grade segment in the potassium dihydrogen phosphate market is estimated to gain the largest revenue share of 70% in the year 2035. 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 Segment Analysis
The pharmaceuticals segment is predicted to garner a significant share in the year 2035. 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:
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