by Market Overview:
Sodium hexametaphosphate is an inorganic chemical compound used as a dispersing, sequestering, and anticaking agent in the food industry. It helps prevent crystallization of salts in foods and enhances the quality and texture of finished food products. The rising demand for convenience and packaged food has fuelled the need for such additives.
Market key trends:
One of the key trends driving growth of the sodium hexametaphosphate market is the rising demand for preservatives from the meat industry. Sodium hexametaphosphate is widely used as a preservative in meat and seafood products to limit lipid oxidation and maintain quality during storage and distribution. It functions as an antioxidant by binding oxidizing metals like iron and copper that catalyze fat deterioration. This allows processed meats and seafood to have a longer shelf life without refrigeration. With demand for convenience and packaged foods growing in the U.S., sodium hexametaphosphate finds increasing application as a meat preservative. The sodium hexametaphosphate market is expected to continue gaining traction from the meat processing industry over the forecast period.
Global Sodium Hexametaphosphate Market Demand Is Estimated To Witness High Growth Owing To Wide Application Scope In Food & Beverages Industry And Increasing Demand From Water Treatment Sector
The Sodium Hexametaphosphate Market is estimated to be valued at US$ 9,050.77 Mn in 2023 and is expected to exhibit a CAGR of 8.6% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Sodium hexametaphosphate (SHMP) is a phosphate compound that is widely used as a sequestering agent in the food & beverage industry and as a water softener in various water treatment applications. It helps to prevent the precipitation of salts in soups, sauces and other packaged food products. SHMP also finds application in industrial water treatment to reduce mineral deposits in boilers, cooling towers and other processing equipment.
Market Dynamics:
Growing demand from the food & beverage industry: SHMP plays a critical role as a sequestrant in various packaged food products such as soups, sauces, seasonings, baked goods and meat products. It prevents precipitation of salts and maintains clarity in these applications. The rapidly growing packaged food market globally is creating high demand for SHMP.
Increasing water treatment activities: SHMP is a highly effective and economical water softener. It reduces mineral precipitation in boilers, cooling towers and other industrial processing equipment. Stringent regulations regarding industrial wastewater discharge have boosted investments in industrial water treatment facilities. This is driving the consumption of SHMP.
Note:
- Source: Coherent Market Insights, Public sources, Desk research
- We have leveraged AI tools to mine information and compile it
