Dipotassium Phosphate Market

Global Dipotassium Phosphate Market Size (2024 to 2029)

The Global Dipotassium Phosphate market is expected to grow from USD 43.5 billion in 2024 to USD 51.17 billion in 2029, with a CAGR of 3.3% between 2024 and 2029. 

Current Scenario of the Global Dipotassium Phosphate Market

Dipotassium Phosphate, sometimes known as DKP, is soluble in water salt and food additive that is a mixture of phosphate and phosphorus. It's a food-grade hygroscopic white powder that regulates pH and prevents alkalinity and acidity fluctuations. This phosphorus can be found in many forms in mineral supplements and multivitamins to meet the necessary and recommended dietary requirement of 700-750 milligrams per day for people. Dipotassium Phosphate is a white powdered inorganic substance that is created through chemical synthesis. It's most commonly used as a dietary supplement. Dipotassium phosphate has several uses, including creating buffer solutions and assisting in the production of trypticase soy agar, which is needed to generate agar plates. Dipotassium phosphate can also be used in medicine on occasion. Dipotassium Phosphate is manufactured in accordance with European Union food regulations. It's non-GMO, non-allergenic, kosher, and halal approved, and it follows Food Chemical Codex (FCC) guidelines. Dipotassium phosphate is generally regarded as chemically safe and stable. All of these food-related qualities enable dipotassium phosphate to generate a market for itself.

MARKET DRIVERS

The capacity to be utilized as a soluble buffer for coffee creamers is expected to drive the worldwide dipotassium phosphate market. It also serves as a critical nutrient for the cultivation of antibiotics, yeast, and a variety of fermentation processes, fueling market demand. Milk proteins interact with dipotassium phosphate buffers.It prevents coagulation and is widely used as a buffering agent (mostly in the cheese-making sector) and acidity regulator. All of these applications of dipotassium phosphate in food increase market demand for the substance.One of the motivations recognised across the value chain is its potential to extend food shelf life and give correct and enhanced product texture. It functions as an emulsifier as well as a preservative. Dipotassium phosphate also acts as a humectant in some cases, restricting food from drying out.

MARKET RESTRAINTS

Excessive use of dipotassium phosphate tends to destabilise the salt balance that exists in our body and adversely affect the human body. This serves as a restrain to the global dipotassium phosphate market.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Dipotassium Phosphate Market By Application

Dipotassium Phosphate is also a food additive that is used to ensure that the proper amount of phosphate is present in the food. It aids in the preservation of the food's flavours and color while also limiting bacterial growth. It can also be employed as a preservative in a number of processed goods. Dipotassium Phosphate has a variety of uses in the food business, including flavours enhancers, color stabilizers, and preservatives. Currently, Food additive is dominant and holds a larger market share.

Dipotassium Phosphate is a nutrient that is vital to the body and is employed in medical procedures. It contains phosphorus, potassium, and magnesium ions, which are necessary for a variety of metabolic reactions in the body. Patients who are weak in these minerals can receive dipotassium phosphate intravenously or orally. It's also used to treat excessive blood pressure, heart failure, and a variety of other ailments.

Global Dipotassium Phosphate Market By Type

KHPO is the chemical formula for Dipotassium Hydrogen Phosphate and holds the largest market share among the rest in this segment, an inorganic substance. It's an odourless, white substance that dissolves in water. Dipotassium Hydrogen Phosphate has the E number E339 and is used as a food ingredient. It's also employed in the pharmaceutical industry as an excipient. Dipotassium Hydrogen Phosphate is often used to keep emulsions stable and avoid crystal formation. It's also used to boost the flavour of foods. At 0.07 per cent of the diet, dipotassium hydrogen phosphate is safe to be consumed.

REGIONAL ANALYSIS

In 2023, the Dipotassium Phosphate Market was dominated by the North American region which included both North America and Canada.

The increased demand for food and pharmaceutical applications can be ascribed to the region's expansion. Furthermore, increased awareness of the importance of Dipotassium Phosphate is assisting in the market's expansion. As America and Canada rely heavily on processed foods and dipotassium phosphate serves as a food additive, the demand is set to increase.

Over the period of 2024 to 2029, the Asian Pacific markets are forecasted to dominate and take the larger market share.

China, India, and Bangladesh are nations where processed foods are being manufactured. Also, as disposable incomes are increasing, the spending power of citizens is improving and they are opting for processed foods. Hence the dipotassium phosphate market is expected to boom in this region.

In 2021, the European region which consists of the UK, Germany and France reported the second-highest use of dipotassium phosphate. The demand from this region is generated majorly due to the high number of medical industries in this region. As it is a hub for medicine production, dipotassium phosphate receives a steady demand. Also, since the disposable income of these nations is high and their diet contains a lot of processed foods, dipotassium phosphate markets receive a decent demand.

KEY PLAYERS IN THE GLOBAL DIPOTASSIUM PHOSPHATE MARKET

Chengdu Beluckey Technology Co. Ltd. (China), Merck KGaA(Germany), Chemische Fabrik Budenheim KG(Germany), Indiana Chem Port (India), Fosfa A.S. (Czech Republic), Apex Maritime (Thailand), Lianyungang Mupro Fi Plant. (China), Aditya Birla Chemicals (India), Haifa Chemicals (Israel), Creative Enzymes (US) are some of the notable companies in the global Dipotassium Phosphate Market.

RECENT DEVELOPMENTS IN THE MARKET

• In September 2021, Merck KGaA, which is a Germany-based biopharmaceutical which also manufactures dipotassium phosphate, acquired a company called Acceleron.

DETAILED SEGMENTATION OF THE GLOBAL DIPOTASSIUM PHOSPHATE MARKET INCLUDED IN THIS REPORT

This research report on the global dipotassium phosphate market has been segmented and sub-segmented based on application, type, and region.

By Application

• Food Additive Use
• Medical Use

By Type

• Dipotassium Phosphate Anhydrous
• Dipotassium Hydrogen Phosphate Trihydrate
• Dipotassium Phosphate Used in Coffee Mate
• Potassium Phosphate dibasic Dipotassium Hydrogen Phosphate

By Region

• North America
• Europe 
• Asia Pacific
• Latin America
• The Middle East and Africa