Dipotassium Phosphate Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report the Dipotassium Phosphate Market is estimated to be USD XX million in 2016 and predicted to rise to USD XX million by 2021 with a CAGR of XX%. The market is segmented by Application (Dairy Products, Meat Processing, Coffee Creamer, Thickener, and Meat Treatment and Preparation). Further the market is also geographically segmented into North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
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 global 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 North America, Latin America, Europe, Asia Pacific and Middle East and Africa. The global 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. North America is the world leader of the market and contribute largest market share, and is followed by Europe. 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.
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