According to a recent Global Market Insights Inc. study, the Western Europe Food Phosphate Market size is expected to exceed USD 65.5 million by 2027. Growing demand for processed meat products and Increasing seafood consumption is anticipated to positively influence the food phosphate market. Additionally, higher demand for ready-to-eat and ready-to-cook meat products from households is projected to drive the food phosphate market over the forecasted period.
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Increasing use of chilled meat, fresh & cooked hams, frozen fish products, and sausages in the foodservice sector is anticipated to drive the demand for food phosphate over the forecast period. Also, rising demand for shelf-stable frozen seafood products as an alternative to red meat is projected to offer lucrative growth opportunity for food phosphate market over the projected period.
As per market analysis, some major findings of the food phosphate market report include:
- The sodium phosphate market in Western Europe is projected to grow at a CAGR of over 5.5% over the forecast timeframe. Increasing use of sodium phosphate to regulate the pH of processed meat products such as deli meat and canned tuna is driving the product demand.
- Other application segment including roast beef, beef burger patties, bacon, and canned fish is predicted to surpass USD 8.35 million by the end of 2027. Growing consumption of meat products across Western Europe such as canned fish and frozen beef, turkey & pork is escalating food phosphate market growth.
- Major players in the food phosphate market are focused on implementing strategic initiatives such as expanding their regional presence, enhancing production capacities, and product enhancement to cater the rising demand for food phosphate across Western Europe.
- Spain comprises a significant share in the food phosphate market and is anticipated to grow with a CAGR of over 5% owing to the booming meat & poultry processing sector in the country and higher demand for frozen meat, poultry, and fish products from foodservice industry.
The blended phosphate segment of food phosphate market is anticipated to witness a growth of over 6.5% in the forecasted period. Blended phosphates are used as a key additive for producing high-quality processed food in a variety of markets including seafood, meat, and poultry. They provide a synergistic effect in meat & seafood applications and improve end-product quality.
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Blended phosphates are used in meat sausages, cooked & raw shrimps, meatballs, surimi, chicken, and fish fillets. Rising demand and production of processed meat, poultry, and seafood products in Western Europe is projected to boost the demand for these products, which, in turn, should drive food phosphate market growth.
Italy food phosphate market is anticipated to grow at a significant pace at over 5% CAGR up to 2027. The well-established meat and poultry processing sector offer a huge market growth opportunity for food grade phosphate manufacturers operating in Italy. Higher consumer spending on convenience and ready-to-eat meat and poultry products should drive the growth of the food phosphate market in Italy.
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