Sodium Hexametaphosphate Market Growth Accelerated by Food Industry Demand

 

Sodium hexametaphosphate is commonly used as a preservative and sequestrant in a wide range of food products, due to its acidity regulating and chelating properties. It prevents the discoloration of meat and fish, controls crystallization in confections, enhances texture in baked goods, and improves the stability and clarity of food dyes and flavors. The global sodium hexametaphosphate market is estimated to be valued at US$ 1,501.17 Mn in 2023 and is expected to exhibit a CAGR of 4.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The rise in demand from the food industry has accelerated growth of the sodiumhexametaphosphate market over the forecast period. Sodium hexametaphosphate acts as an effective additive in various processed food products to increase their shelf life by preventing microbial growth. It also improves texture, stabilization and enhances flavors in foods. The growing packaged food industry and increasing demand for convenience and ready-to-eat foods has driven the consumption of sodium hexametaphosphate as a preservative and processing aid.

Segment Analysis
The global sodium hexametaphosphate market is dominated by the food application segment. Sodium hexametaphosphate is widely used as an additive in food processing to prevent calcium phosphate crystals formation, thereby increasing the shelf-life of seafood, meat, and poultry products. It is used as an emulsifier, stabilizer and preservative in convenience and ready-to-eat food products. The growing demand for convenience and packaged food has been boosting the consumption of sodium hexametaphosphate.

Key Takeaways

The global sodium hexametaphosphate market is expected to witness high growth over the forecast period.

Regional analysis: North America dominates the global market, driven by strong demand from the food processing industry in the US. Europe is another major market for sodium hexametaphosphate owing to significant usage of the chemical in food processing. Asia Pacific is projected to be the fastest growing regional market with rising meat and seafood consumption in China, India and Southeast Asian countries.

Key players operating in the Sodium Hexametaphosphate market are Innophos, Aditya Birla Chemicals, Hubei Xingfa Chemicals Group, Mexichem, TKI Hrastnik, Chengdu Chemical Engineering Research & Design Institute, Prayon, Chongqing Chuandong Chemical (Group) Co., Ltd., Sichuan Blue Sword Chemical, and Guizhou Sino-Phos Chemical Co., Ltd.

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