Diphosphates Market Size, Share, Growth Report 2032

Industry Prospective:

The global diphosphates market size was worth around USD 530 million in 2021 and is predicted to grow to around USD 800 million by 2030 with a compound annual growth rate (CAGR) of roughly 5.25% between 2022 and 2030. The report analyzes the global diphosphates market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the diphosphates market.

Request Free Sample

Diphosphates Market: Overview

In the chemical world, diphosphates also known as pyrophosphates or diphosphate are phosphorous (P) oxyanions containing two phosphorus atoms along a P-0-P linkage, where O stands for oxygen. In the chemistry world, they are assigned the name E450, where E stands for the European numbering system for food additives. The term E450(a) is assigned to tetrapotassium diphosphate, trisodium phosphate, tetrasodium diphosphate (TSPP), and, disodium dihydrogen diphosphate. E450(b) is assigned to pentapotassium triphosphate and pentasodium. E450(c) is for potassium polyphosphates and sodium.

Disphosphates are widely used as acidity regulators, emulsifiers, raising agents, stabilizers, and sequestrants, along with uses as water retention agents across the food industry. Various chemical formulations of the chemical are also used as stabilizers for whipped cream, which is essential in the bakery industry. Some of the common consumers of diphosphates in the food sector are manufacturers of canned sauces, jelly, pasta, cereal, and cheese.

Key Insights

• As per the analysis shared by our research analyst, the global diphosphates market is estimated to grow annually at a CAGR of around 5.25% over the forecast period (2022-2030).
• In terms of revenue, the diphosphates market size was valued at around USD 530 million in 2021 and is projected to reach USD 800 million, by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
• Based on end-user segmentation, the food industry was predicted to show maximum market share in the year 2021
• Based on function segmentation, thickener was the leading revenue-generating application in 2021.
• On the basis of region, North America was the leading revenue generator in 2021

Request Free Sample

To know more about this report, request a sample copy.

Covid-19 Impact

The global market cap was significantly impacted during the pandemic owing to the closure of food-serving units as well as a halt in the operations of factoring in producing cosmetic products, the largest consumer of diphosphates. However, the demand for the products picked up the pace once the units were allowed to function partially or completely.

Diphosphates Market: Growth Drivers

Rising food sector to propel market growth

The global diphosphates market size is expected to grow owing to the important application the chemical has in the ever-growing industry, the food sector. Owing to the versatility of E450 where it can act as an emulsifier, and as a taste-enhancing entity, along with other factors like influencing the water retention value, color, and texture of the final food product, it is one of the most favored compounds in the food industry. With the growing population, increase in income, and growing standard of living, the food industry is expected to reach new heights in the coming years.

The food market players may also benefit from the rising innovation in food production involving new lines of cereal, baked goods items, and others being introduced to the market every day which gains momentum because of the addition of new players on regular bases. For instance, as per a report by Crunchbase, around USD 12.8 billion was invested in the food industry in 2021, which was twice the investment in 2020. The numbers are only expected to grow further in the coming years.

Diphosphates Market: Restraints

Concerns over the use of diphosphates in processed food to restrict the market growth

The global market growth trend may get affected owing to the rising corners or reduced consumption of processed food items, which generally tend to incorporate diphosphates as basic ingredients during the production process. Processed food items are losing their hold amongst health-conscious people, which is a rising number, as it has severe health impacts in the long run which may result in declining demand for E450 chemical as well.

Diphosphates Market: Opportunities

Growing application in the cheese industry to provide market growth opportunities

The global diphosphates market cap can generate more revenue from the growth in the cheese industry. They plan an important role in milk’s rennet coagulation also aiding the cheese structure and its buffering. The cheese market itself is growing because of the innovative offering that cheese producers bring to the market as well as the various health benefits associated with it. Cheese and its derivatives are extremely common in various diet cultures which are expected to increase the demand for diphosphates.

Diphosphates Market: Challenges

Associated heart diseases to challenge the market expansion

Although diphosphate does not necessarily cause heart diseases, the majority of the products it is used in can lead to heart conditions over a period of time. Patients with prior kidney issues are more prone to such health impacts. More research is needed to determine the exact correlation between the chemical compound and its health implications, until then there will always be certain doubts among end-consumers which may not be beneficial for the global market size.

Diphosphates Market: Segmentation

The global market is segmented based on product type, function, end-user, and region

Based on product type, the global market segments are trisodium diphosphates, disodium diphosphates, dipotassium diphosphates, tetrasodium diphosphates, and magnesium dihydrogen diphosphates. Disodium diphosphates are most widely used in the food sector. It has a density of 2.31 grams per centimeter cube.

Based on function, the global market is segmented into thickener, antioxidant, bulking agent, water retaining agent, acidification, texture modification, and color maintenance. Its application as a thickener is the leading revenue generation function. As per Statista, around 221 million of the American population consumed tomato sauce in 2020.

Based on end-user, the global market is divided into the cosmetic industry, beverage industry, and food industry. The global market generated the highest revenue from the food industry owing to the wide application of the compound.

Recent Developments:

• In October 2020, the International Food Additives Council (IFAC) released new guidelines relating to compliance with the Food Safety Modernization Act (FSMA) by the Food and Drugs Administration (FDA). The guidelines are intended to help the supplier of food additives and Generally Recognized as Safe (GRAS) substances to comply with the FSMA.
• In October 2019, Clariant, a Swiss multinational company producing chemicals, launched new bio-based additives to help reduce the consumption of fossil resources in plastic loops. The new product is expected to help the creation of a value chain cycle promoting the use of sustainable renewable sources and fighting climate change

Diphosphates Market Report Scope:

Diphosphates Market: Regional Analysis

North America to witness high CAGR during the projection period

The global diphosphates market is anticipated to be driven by North America in the coming years owing to the dominance of the United States over the food & beverages industry. With over. As per Statistica, the current market value of the US in the F & B sector is USD 1655 billion owing to the number of players in the market and the high food consumption. The regional market is open to other various international players that are investing in the US F & B industry looking at the high potential.

Asia-Pacific is anticipated to grow at a significant CAGR mainly driven by the food market in India and China, two of the world’s most populated countries, and higher food demand as a consequence. The increase in the number of middle-income groups along with a greater emphasis on food safety and quality is driving the demand in China. For instance, as per the National Bureau of Statistics, the revenue in the Chinese food industry bounced back from 395.27 billion yuan in 2020 to USD 4.69 trillion yuan in 2021.

Diphosphates Market: Competitive Analysis

The global diphosphates market is dominated by players like Aditya Birla Chemicals, Nexeo Solutions, Hubei Xingfa Chemical Group, Mutchler Inc, and Trivenichemical, amongst others.

The global market is segmented as follows:

By Product Type

• Trisodium Diphosphates
• Disodium Diphosphates
• Dipotassium Diphosphates
• Tetrasodium Diphosphates
• Magnesium Dihydrogen Diphosphates

By Function

• Thickener
• Antioxidant
• Bulking Agent
• Water Retaining Agent
• Acidification
• Texture Modification
• Color Maintenance

By End-User

• Cosmetic Industry
• Beverage Industry
• Food Industry

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa