Sodium Trimetaphosphate Market Size Worth $63.45 Million By 2032 | CAGR: 5.0%

Sodium Trimetaphosphate Market Size Worth $63.45 Million By 2032 | CAGR: 5.0%

The global sodium trimetaphosphate market size is expected to reach USD 63.45 million by 2032, according to a new study by Polaris Market Research. The report “Sodium Trimetaphosphate Market Share, Size, Trends, Industry Analysis Report, By Application (Diary Products, Gypsum Board, Paints and Dying, Synthetic Detergent, Water Treatment, Food Preservation, Ceramic Tiles, Starch Modification, and Others); By Grade; By End Use; By Region; Segment Forecast, 2023-2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Rapidly rising consumption of dairy foods such as cheese products and the rising demand for processed foods are boosting the need for the product as a stabilized agent, propelling the market's growth over the forecast period.

Additionally, it serves as a stabilizing ingredient to prevent meal products from turning discolored and a stabilizing agent to prevent vitamin C from deteriorating. Modern meat producers sell pre-cut, marinated, and ready-to-cook packets of meat products, giving consumers the convenience of a non-vegetarian meal at home without the hassle of cleaning and chopping.

The adoption of poultry, dairy, meat, and other functional food products in daily life is mainly driven by consumers' hectic urban lifestyles, a lack of time, and the expansion of the quick-service restaurant (QSR) industry.

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Additionally, the need for food processing and packaging is rising due to the expanding consumer base. Also, around 32% of the nation's entire food market is made up of the food processing sector, according to the Indian Brand Equity Foundation (IBEF). In addition, with an increase in population, brand shopping is getting more and more popular in metropolitan areas. The packaged food business is expanding due to the substantial popularity of super- and hypermarkets. The market is increasing due to the expansion of the food and beverage sector.

Sodium Trimetaphosphate Market Report Highlights

  • The food and beverages segment is anticipated to grow at a significant CAGR over the forecast period due to its adoption for preservation, baking, and as an additive.
  • The industrial grade segment accounted for a considerable global revenue share. Due to its widespread use as an addition to gypsum and in the creation of cosmetics, industrial-grade sodium trimetaphosphate (STMP) is anticipated to have a substantial favorable effect on the market.
  • Asia-Pacific is expected to grow at the fastest CAGR over the projected period. A sizable consumer sector increased disposable income, and expansion in the food and beverage industry all contribute to the region's expanding market.
  • The global players include Aditya Birla Chemicals, Guizhou Zhongshen Phosphates, Haifa Group, Hubei Xingfa Chemicals Group, Innophos Holding, ParChem, Sumitomo Chemicals, Tata Chemicals, TongVo Chemicals, Tianyuan Group, & Yuntianhua Group.

Polaris Market Research has segmented the Sodium Trimetaphosphate market report based on grade, application, end-use, and region:

Sodium Trimetaphosphate, Grade Outlook (Revenue - USD Million, 2019 - 2032)

  • Food
  • Technical
  • Industrial

Sodium Trimetaphosphate, Application Outlook (Revenue - USD Million, 2019 - 2032)

  • Dairy Products
  • Gypsum Board
  • Paints and Dying
  • Synthetic Detergent
  • Water Treatment
  • Food Preservation
  • Ceramic Tiles
  • Starch Modification
  • Others

Sodium Trimetaphosphate, End-Use Outlook (Revenue - USD Million, 2019 - 2032)

  • Household Cleaning
  • Agriculture
  • Food and Beverages
  • Cosmetics
  • Textile
  • Construction
  • Pharmaceuticals
  • Others

Sodium Trimetaphosphate, Regional Outlook (Revenue - USD Million, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

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