Global Diphosphates Market: Overview
Two compound esters and salts which are in a group is known as pyrophosphates. This pyrophosphates group is known as dipolyphosphate or diphosphates. Alternate name for the diphosphates is E450. Diphosphates are water soluble. The main end-use industry where diphosphates are used is the food and beverage industry. The product quality of the processed food such as cereals and meat is retained by diphosphates and they are also used in the canned juices in order to increase their shelf life.
Global Diphosphates Market: Segmentation
The market for the diphosphates is fragmented into its functional use, end-use industry, and product type. On the basis of functional use, the global market is segregated into emulsifier, water retaining agent, texture modification, acidification, bulking agent, thickener, antioxidant, and maintain color. On the basis of end-use industry, the market is categorized into beverage industry, food industry, and cosmetic industry. On the basis of product type, the market is divided into trisodium diphosphates, dipotassium diphosphates, tetrapotassium diphosphates, calcium dihydrogen diphosphates, disodium diphosphates, tetrasodium diphosphates, magnesium dihydrogen diphosphates, dicalcium diphosphates, and dimagnesium diphosphates.
Global Diphosphates Market: Growth Factors
The main end use industry that is driving the diphosphate market is the food industry. Several factors that are driving the diphosphates market are the increasing demand for the dairy products, processed foods, and meat products in the food and beverage industry. In a number of industries, diphosphates are used in a variety of applications thus fuelling the growth of the market. In the beverage industry diphosphates are used in the canned juices, which are very much popular among the consumers, thus driving the market. In the cosmetic industry, the diphosphates are used to maintain the pH balance. The other macroeconomic factors that are driving the diphosphates market include a change in the lifestyle of the people, rise in the disposable income, the rapid development of the urbanization projects. In the coming years, the global diphosphates market will experience a significant growth. The factor that restrains the market growth is the ill effects of diphosphates which include heart disease, asthma, obesity, virus, blood disorders, and fungal infection.
Global Diphosphates Market: Regional Analysis
Regional diversification of the diphosphates market is given as follows Eastern Europe, Asia Pacific, Latin America, the Middle East & Africa, Western Europe, and North America. There is a huge demand for diphosphates in the beverages industry, which is triggering the growth of the diphosphate market in the Middle East and Africa and Asia Pacific region. The market share by the North America and European region is also significant owing to the increasing demand of diphosphates in the food and manufacturing industry. The overall market growth for the diphosphates is positive and will remain the same in the coming years due to the growing food and beverage industry.
Global Diphosphates Market: Competitive Players
The key market players that are involved in the diphosphates market include Hubei Xingfa Chemicals Group Co., Ltd., Sigma-Aldrich, and Aditya Birla Chemicals.
Global Diphosphates Market: Regional Segment Analysis
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