Dipotassium Phosphate is a water soluble salt and a food additive that is an amalgam of phosphate and phosphorus and is also commonly known as DKP. It is food grade hygroscopic that stabilizes pH and also prevents severe fluctuation in alkalinity and acidity. This phosphorus is present in supplements, minerals and multivitamins in different forms in order to accommodate required and stipulated dietary pay of 700-750 milligrams a day for adults. It is an inorganic compound that is prepared by chemical synthesis, and is available as white powder.
Asia Pacific Dipotassium Phosphate market size was around USD XX million in 2018. It is expected to grow at a CAGR of XX% to reach USD XX million by 2023.
The market is primarily driven by the ability of Dipotassium Phosphate to be utilized as soluble buffer for the coffee creamers. It also acts as a major nutrient for culturing yeast, antibiotics, and numerous other fermentation processes. It prevents coagulation, and is used widely as buffering agent (majorly in cheese making industry) and controls acidity. All these utilization of dipotassium phosphate for food, fuels market demand for the product. Its ability to elongate the shelf life and to deliver proper and improved product texture is also one of the factors identified across the value chain. It also performs the role of humectants sometimes thereby, preventing food from drying.
Extreme usage of dipotassium phosphate salt is likely to upset balance of phosphates in the body coupled with other chemicals and can also cause health issues.
The Asia Pacific dipotassium phosphate market is categorized by application. It is utilized to emulsify dairy products like cheese, and used in meat processing. It is added as thickener in the sauces, powdered drinks, and desserts and is also utilized in meat treatment and preparation. Furthermore, dipotassium phosphate regulates the alkalinity and acidity of the food.
By geography the market is segmented into India, China, Korea, Japan and others. The Asia Pacific market is anticipated to undergo huge growth in the aforementioned forecast period owing to the rising needs of the growing population coupled with rising disposable income of consumers. Asia Pacific is also expected to show growth in the market of dipotassium phosphate.
Key players in the market includes Biocel, Foodchem International Corporation, d.d., Prayon SA, Jiangsu Mupro IFT CORP., Haifa Chemicals Ltd., FBC Industries, Aditya Birla Chemicals, TKI Hrastnik, Shifang Talent Chemical, BANGYE Inc., Lianyungang Jujia Chemical Technology and others.
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1.2 Dairy Products
5.1.3 Meat Processing
5.1.4 Coffee Creamer
5.1.6 Meat Treatment and Preparation
5.1.7 Y-o-Y Growth Analysis, By Application
5.1.8 Market Attractiveness Analysis, By Application
5.1.9 Market Share Analysis, By Application
5.2.1 Dipotassium Phosphate Anhydrous
5.2.2 Dipotassium Hydrogen Phosphate Trihydrate
5.2.3 Dipotassium Phosphate Used in Coffee Mate
5.2.4 Potassium Phosphate dibasic
5.2.5 Dipotassium Hydrogen Phosphate
6. Geographical Analysis
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
22.214.171.124 By Geographical Area
126.96.36.199 By Application
6.1.4 Market Attractiveness Analysis
188.8.131.52 By Geographical Area
184.108.40.206 By Application
6.1.5 Market Share Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Application
6.5 South Korea
7. Strategic Analysis
7.1 PESTLE analysis
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Foodchem International Corporation
8.3 FBC Industries
8.4 Aditya Birla Chemicals
8.5 TKI Hrastnik
8.6 Prayon SA
8.7 Jiangsu Mupro IFT CORP.
8.8 Haifa Chemicals Ltd.
8.9 Shifang Talent Chemical
8.10 BANGYE Inc.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
a) List of Tables
b) List of Figures