Global Mono-Potassium Phosphate Market Share Is Expected To Grow At A CAGR Of 1.9% By 2026

06-Mar-2020 | Facts and Factors

Findings from Facts and Factors report “Mono-Potassium Phosphate Market By Type (Industrial Grade, Fertilizer Grade and Others) and By Application (Food Industry, Compound Fertilizer Production, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global mono-potassium phosphate market in 2019 was approximately USD 568 Million. The market is expected to grow at a CAGR of 1.9% and is anticipated to reach around USD 690 Million by 2026.

Mono potassium phosphate (MKP), also known as monobasic potassium phosphate is a soluble salt that is used as a fertilizer. It is a leading source of phosphorus and potassium and is also used as a buffering agent. When used in fertilizer mixtures with urea and ammonium phosphates, MKP minimizes the escape of ammonia by keeping the pH at a relatively low level.

Browse the full “Mono-Potassium Phosphate Market By Type (Industrial Grade, Fertilizer Grade, and Others) and By Application (Food Industry, Compound Fertilizer Production, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/mono-potassium-phosphate-market-by-type-industrial-grade-657

Mono potassium phosphate market is anticipated to witness a healthy growth rate in the forecast period owing to its features such as controlled discharge per serving as well as homogenous mixture formation with various other macro-nutrient available in the feed. It has several industrial applications that include us of MKP in personal care products, cosmetics, and nutraceutical products. Other general benefits such as its availability in powder, crystal, and liquid form are also supporting product growth. The growing enthusiasm for animal-free products is also leading to a rise in the food-grade monopotassium phosphate market.

Factors such as an increase in organic farming and usage of natural-based products are restraining the market growth. High adoption of food-grade monopotassium phosphate in bakery products and consistent rise in bakery consumption is projected to offer new opportunities for the global mono potassium phosphate market during the estimated period.

The global mono-potassium phosphate market is classified into types, applications, and regions. The type segment is categorized into industrial grade, fertilizer grade, and others. Fertilizer grade segment accounts for the maximum share of the segment and food-grade segment is expected to witness the highest growth rate among all. The application segment is further bifurcated into food industry, compound fertilizer production, and others. The food industry captures a substantial share of the segment owing to the widespread use of food-grade monopotassium phosphate in seafood, baked goods, gelatin, poultry, jellies, beverages, meat, and dairy product among others.

Asia Pacific, Latin America, Europe, North America, and Middle East and Africa are the regions included in the report scope. Asia Pacific region has a maximum share in the market during the course of the study. Major countries included in the market research report are U.S., Canada, Mexico, Germany, UK, France, China, Japan, India, South Korea, Brazil, and South Africa among other countries. China is expected to witness the highest growth rate among all major countries.

Report Scope

The major players operating in the market, but not limited to, are Haifa Group, Master Plant-Prod, Foodchem International Corporation, Sichuan Blue Sword Chemical, Shifang Talent Chemical, Lianyungang Dongtai Food Ingredients, and Jiangsu Mupro IFT among others. Haifa Group is emerging as a leading revenue generator of all the players involved in the scope of the report. Chinese players have a significant presence in the global mono-potassium phosphate market.

This report segments the mono-potassium phosphate market as follows:

Global Mono-Potassium Phosphate Market: By Type Segmentation Analysis (Customizable)

• Industrial Grade
• Fertilizer Grade
• Others

Global Mono-Potassium Phosphate Market: By Application Segmentation Analysis (Customizable)

• Food Industry
• Compound Fertilizer Production
• Others

Global Mono-Potassium Phosphate Market: Regional Segmentation Analysis (Customizable)

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • 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 the Middle East & Africa

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