The global food grade ammonium carbonate market size is expected to be valued at USD 289.5 Million in 2022. Increasing consumption of processed food items in both developed and developing countries is likely to drive the market.
As per FMI, sales of food grade ammonium carbonate are projected to reach USD 796.3 Million in 2032 and exhibit growth at a CAGR of 11.4% in the forecast period from 2022 to 2032. Surging usage of food grade ammonium carbonate in the bakery and confectionery industry worldwide is set to push growth.
Report Attribute | Details |
---|---|
Food Grade Ammonium Carbonate Market Estimated Base Year Value (2021) | USD 278.1 Million |
Food Grade Ammonium Carbonate Market Expected Market Value (2022) | USD 289.5 Million |
Food Grade Ammonium Carbonate Market Anticipated Forecast Value (2032) | USD 796.3 Million |
Food Grade Ammonium Carbonate Market Projected Growth Rate (2022 to 2032) | 11.4% CAGR |
Food grade ammonium carbonate, also known as Hartshorn salt or baker’s ammonia, is referred to as a leavening ingredient that is extensively utilized in conventional recipes. It is capable of instantly eliminating gaseous ammonia and carbon dioxide upon heating.
Demand for food grade ammonium carbonate is expected to grow rapidly in the evaluation period as it does not leave behind any alkaline off-flavor in freshly baked products, unlike baking powder or soda.
Increasing awareness in various parts of the globe regarding the benefits of using food grade ammonium carbonate in baked goods is another crucial factor that is projected to boost the market.
In addition, high demand for cookies and other crisp baked goods with long shelf lives is set to encourage manufacturers to produce novel food grade ammonium carbonate. The ability of food grade ammonium carbonate to weaken the gluten present in final products is also expected to fuel the market.
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Increasing usage of food grade ammonium carbonate in baked goods, such as flat biscuits and cookies is projected to drive the market. Introduction of new flavors and exotic add-ons in cookies is another vital factor that is estimated to foster the global food grade ammonium carbonate market growth in the assessment period.
Besides, high demand for gluten-free cookies and crackers owing to the increasing health-conscious consumers worldwide is expected to bolster growth. Government norms supporting organic labeling in the food and beverage industry are also compelling manufacturers to create a positive impact on the global market.
Ammonium carbonate can cause shortness of breath or coughing by irritating the nose, lungs, and throat when inhaled. It can also result in chemical bronchitis and swell up the air passages.
Thus, it is not considered to be ideal for people living with pre-existing lung disease. The uptake of ammonium carbonate may be limited in future as consumers nowadays are more concerned about the food ingredients they are consuming. Driven by the aforementioned factors, demand for food grade ammonium carbonate may get hampered in the upcoming years.
Increasing demand for processed food in the USA and Canada is set to help North America in generating the largest food grade ammonium carbonate market share. The ability of food grade ammonium carbonate to produce crunchier and lighter crumbs with longer shelf life and more crispness is also set to foster the North America market in the forthcoming years.
Moreover, rising number of new product launches by key manufacturers is projected to aid growth. In June 2022, for instance, Oreo announced that it is planning to unveil Neapolitan-flavored cookies in July.
It is a waffle cone-flavored cookie with chocolate, strawberry, and vanilla triple-layered crème. The number of similar product launches is expected to surge in future, thereby fueling the North America market.
Asia Pacific is likely to remain in second position in terms of sales of food grade ammonium carbonate, followed by North America. Increasing number of online stores providing discounts on bulk purchase across developing countries, such as India, China, Japan, and South Korea is expected to drive the regional market.
Many renowned baked goods manufacturers are also focusing on expanding their presence in Asia Pacific with the easy availability of low-cost raw materials and labor. In March 2022, for instance, Hershey India Pvt Ltd. introduced its new Crunchy Cookie Chocolate Spread to broaden its line of chocolate spread in the country.
Similarly, Cookie Man, a flagship brand run by Australian Foods India, provides nearly 30 variants of cookie flavors across 17 cities in India. The company has launched its e-commerce store in March 2021 to attract more consumers. Similar initiatives by key players are projected to augment the Asia Pacific market.
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Some of the leading players operating in the global food grade ammonium carbonate market include Honeywell, Thermo Fisher Scientific, AMRESCO, ECSA Chemicals, TCC, Avantor, Sandvik Materials Technology, and BASF among others.
Major players are mainly focusing on partnerships and collaborations with start-up companies to co-develop state-of-the-art food grade ammonium carbonate to cater to the surging demand from end-use industries.
Increasing demand for healthy baked goods is encouraging key players to introduce new products infused with organic ingredients. Meanwhile, a few other companies are engaging in joint ventures to expand their geographic presence.
Report Attribute | Details |
---|---|
Growth Rate | CAGR of 11.4% from 2022 to 2032 |
Base Year for Estimation | 2021 |
Historical Data | 2015 to 2020 |
Forecast Period | 2022 to 2032 |
Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
Segments Covered |
Form, Application, Region |
Regions Covered |
North America; Latin America; Western Europe; Eastern Europe; APEJ; Japan; Middle East and Africa |
Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
Key Companies Profiled |
Honeywell; Thermo Fisher Scientific; AMRESCO; ECSA Chemicals; TCC; Avantor; Sandvik Materials Technology; BASF |
Customization | Available Upon Request |
The global food grade ammonium carbonate market is set to surpass USD 796.3 Million in 2032.
North America is set to lead the food grade ammonium carbonate market in the forecast period.
Honeywell, Thermo Fisher Scientific, AMRESCO, ECSA Chemicals, TCC, Avantor, Sandvik Materials Technology, and BASF are some of the renowned companies in the food grade ammonium carbonate market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Food Grade Ammonium Carbonate Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Food Grade Ammonium Carbonate Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Form 5.1. Lumps 5.2. Powder 6. Global Food Grade Ammonium Carbonate Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 6.1. Crackers 6.2. Biscotti 6.3. Dry Cookies 7. Global Food Grade Ammonium Carbonate Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. Asia Pacific 7.5. MEA 8. North America Food Grade Ammonium Carbonate Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9. Latin America Food Grade Ammonium Carbonate Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Europe Food Grade Ammonium Carbonate Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Asia Pacific Food Grade Ammonium Carbonate Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. MEA Food Grade Ammonium Carbonate Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Key Countries Food Grade Ammonium Carbonate Market Analysis 14. Market Structure Analysis 15. Competition Analysis 15.1. ECSA Chemicals 15.2. Thermo Fisher Scientific 15.3. Avantor 15.4. BASF 15.5. Sandvik Materials Technology 15.6. TCC 15.7. AMRESCO 15.8. Honeywell 16. Assumptions & Acronyms Used 17. Research Methodology
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