According to Cognitive Market Research, the global Iron Phosphate market size is USD 519.8 million in 2024 and will expand at a compound annual growth rate (CAGR) of 5.50% from 2024 to 2031.
North America held the major market share of more than 40% of the global revenue with a market size of USD 207.92 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
Europe accounted for a share of over 30% of the global revenue with a market size of USD 155.94 million.
Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 119.55 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.
Latin America market share of more than 5% of the global revenue with a market size of USD 25.99 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.
Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 10.40 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
The fastest-growing category in the iron phosphate market is Ferrous Phosphate. The rising demand for clean-label and organic food products fuels this growth.
