PHYTIC ACID MARKET
OVERVIEW
Phytic acid, scientifically known as inositol hexaphosphate (IP6), is an organic phosphorus compound predominantly found in plant seeds, legumes, and grains.
MARKET SIZE AND GROWTH
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MARKET SIZE (2024):
APPROXIMATELY USD 235 MILLION
PROJECTED MARKET SIZE (2032): AROUND USD 365.19 MILLION
COMPOUND ANNUAL GROWTH RATE (CAGR): 6.50% DURING THE FORECAST PERIOD.
By Type
Food-grade Phytic Acid
Pharmaceutical-grade Phytic
Acid
Industrial-grade Phytic Acid
MARKET SEGMENTATION
By Application
Food & Beverage
Natural preservative
Chelating agent in food processing
Pharmaceuticals
Used in anticancer drugs
Antioxidant properties for various medications
Animal Feed
Reduces mineral loss in livestock feed formulations
Personal Care & Cosmetics
Skin brightening and exfoliation properties
REGIONAL ANALYSIS
Study focuses on evaluating the market landscape, consumer trends, and competition pertinent to the new product.
MIDDLE EAST & AFRICA
Emerging markets focusing on crop productivity and water conservation.
EUROPE
Rising demand for biodegradable films due to regulations.
NORTH AMERICA
ASIA-PACIFIC
Strong growth with sustainable farming adoption. Largest and fastest-growing, led by China and India.
KEY PLAYERS
TSUNO Group
Shandong
Futaste
SigmaAldrich (Merck KGaA)
Jungbunzla uer
Haihang Industry Co., Ltd.
