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[250 Pages Report] The global food grade ammonium carbonate market size is expected to be valued at US$ 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 US$ 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) | US$ 278.1 Million |
Food Grade Ammonium Carbonate Market Expected Market Value (2022) | US$ 289.5 Million |
Food Grade Ammonium Carbonate Market Anticipated Forecast Value (2032) | US$ 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 U.S. 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 |
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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 |
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Regions Covered |
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Key Countries Profiled |
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Key Companies Profiled |
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Customization | Available Upon Request |
The global food grade ammonium carbonate market is set to surpass US$ 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 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Food Grade Ammonium Carbonate Market Analysis 2017-2021 and Forecast, 2022-2032 4.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis, 2017-2021 4.2. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Projections, 2022-2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Food Grade Ammonium Carbonate Market Analysis 2017-2021 and Forecast 2022-2032, By Form 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Form, 2017-2021 5.3. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Form, 2022-2032 5.3.1. Lumps 5.3.2. Powder 5.4. Y-o-Y Growth Trend Analysis By Form, 2017-2021 5.5. Absolute $ Opportunity Analysis By Form, 2022-2032 6. Global Food Grade Ammonium Carbonate Market Analysis 2017-2021 and Forecast 2022-2032, By Application 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Application, 2017-2021 6.3. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Application, 2022-2032 6.3.1. Crackers 6.3.2. Biscotti 6.3.3. Dry Cookies 6.4. Y-o-Y Growth Trend Analysis By Application, 2017-2021 6.5. Absolute $ Opportunity Analysis By Application, 2022-2032 7. Global Food Grade Ammonium Carbonate Market Analysis 2017-2021 and Forecast 2022-2032, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Region, 2017-2021 7.3. Current Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Region, 2022-2032 7.3.1. North America 7.3.2. Latin America 7.3.3. Europe 7.3.4. Asia Pacific 7.3.5. MEA 7.4. Market Attractiveness Analysis By Region 8. North America Food Grade Ammonium Carbonate Market Analysis 2017-2021 and Forecast 2022-2032, By Country 8.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021 8.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032 8.2.1. By Country 8.2.1.1. U.S. 8.2.1.2. Canada 8.2.2. By Form 8.2.3. By Application 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Form 8.3.3. By Application 8.4. Key Takeaways 9. Latin America Food Grade Ammonium Carbonate Market Analysis 2017-2021 and Forecast 2022-2032, By Country 9.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021 9.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Form 9.2.3. By Application 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Form 9.3.3. By Application 9.4. Key Takeaways 10. Europe Food Grade Ammonium Carbonate Market Analysis 2017-2021 and Forecast 2022-2032, By Country 10.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021 10.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. U.K. 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Europe 10.2.2. By Form 10.2.3. By Application 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Form 10.3.3. By Application 10.4. Key Takeaways 11. Asia Pacific Food Grade Ammonium Carbonate Market Analysis 2017-2021 and Forecast 2022-2032, By Country 11.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021 11.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032 11.2.1. By Country 11.2.1.1. China 11.2.1.2. Japan 11.2.1.3. South Korea 11.2.1.4. Malaysia 11.2.1.5. Singapore 11.2.1.6. Australia 11.2.1.7. New Zealand 11.2.1.8. Rest of APAC 11.2.2. By Form 11.2.3. By Application 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Form 11.3.3. By Application 11.4. Key Takeaways 12. MEA Food Grade Ammonium Carbonate Market Analysis 2017-2021 and Forecast 2022-2032, By Country 12.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021 12.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032 12.2.1. By Country 12.2.1.1. GCC Countries 12.2.1.2. South Africa 12.2.1.3. Israel 12.2.1.4. Rest of MEA 12.2.2. By Form 12.2.3. By Application 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Form 12.3.3. By Application 12.4. Key Takeaways 13. Key Countries Food Grade Ammonium Carbonate Market Analysis 13.1. U.S. 13.1.1. Pricing Analysis 13.1.2. Market Share Analysis, 2021 13.1.2.1. By Form 13.1.2.2. By Application 13.2. Canada 13.2.1. Pricing Analysis 13.2.2. Market Share Analysis, 2021 13.2.2.1. By Form 13.2.2.2. By Application 13.3. Brazil 13.3.1. Pricing Analysis 13.3.2. Market Share Analysis, 2021 13.3.2.1. By Form 13.3.2.2. By Application 13.4. Mexico 13.4.1. Pricing Analysis 13.4.2. Market Share Analysis, 2021 13.4.2.1. By Form 13.4.2.2. By Application 13.5. Germany 13.5.1. Pricing Analysis 13.5.2. Market Share Analysis, 2021 13.5.2.1. By Form 13.5.2.2. By Application 13.6. U.K. 13.6.1. Pricing Analysis 13.6.2. Market Share Analysis, 2021 13.6.2.1. By Form 13.6.2.2. By Application 13.7. France 13.7.1. Pricing Analysis 13.7.2. Market Share Analysis, 2021 13.7.2.1. By Form 13.7.2.2. By Application 13.8. Spain 13.8.1. Pricing Analysis 13.8.2. Market Share Analysis, 2021 13.8.2.1. By Form 13.8.2.2. By Application 13.9. Italy 13.9.1. Pricing Analysis 13.9.2. Market Share Analysis, 2021 13.9.2.1. By Form 13.9.2.2. By Application 13.10. China 13.10.1. Pricing Analysis 13.10.2. Market Share Analysis, 2021 13.10.2.1. By Form 13.10.2.2. By Application 13.11. Japan 13.11.1. Pricing Analysis 13.11.2. Market Share Analysis, 2021 13.11.2.1. By Form 13.11.2.2. By Application 13.12. South Korea 13.12.1. Pricing Analysis 13.12.2. Market Share Analysis, 2021 13.12.2.1. By Form 13.12.2.2. By Application 13.13. Malaysia 13.13.1. Pricing Analysis 13.13.2. Market Share Analysis, 2021 13.13.2.1. By Form 13.13.2.2. By Application 13.14. Singapore 13.14.1. Pricing Analysis 13.14.2. Market Share Analysis, 2021 13.14.2.1. By Form 13.14.2.2. By Application 13.15. Australia 13.15.1. Pricing Analysis 13.15.2. Market Share Analysis, 2021 13.15.2.1. By Form 13.15.2.2. By Application 13.16. New Zealand 13.16.1. Pricing Analysis 13.16.2. Market Share Analysis, 2021 13.16.2.1. By Form 13.16.2.2. By Application 13.17. GCC Countries 13.17.1. Pricing Analysis 13.17.2. Market Share Analysis, 2021 13.17.2.1. By Form 13.17.2.2. By Application 13.18. South Africa 13.18.1. Pricing Analysis 13.18.2. Market Share Analysis, 2021 13.18.2.1. By Form 13.18.2.2. By Application 13.19. Israel 13.19.1. Pricing Analysis 13.19.2. Market Share Analysis, 2021 13.19.2.1. By Form 13.19.2.2. By Application 14. Market Structure Analysis 14.1. Competition Dashboard 14.2. Competition Benchmarking 14.3. Market Share Analysis of Top Players 14.3.1. By Regional 14.3.2. By Form 14.3.3. By Application 15. Competition Analysis 15.1. Competition Deep Dive 15.1.1. ECSA Chemicals 15.1.1.1. Overview 15.1.1.2. Product Portfolio 15.1.1.3. Profitability by Market Segments 15.1.1.4. Sales Footprint 15.1.1.5. Strategy Overview 15.1.1.5.1. Marketing Strategy 15.1.1.5.2. Product Strategy 15.1.1.5.3. Channel Strategy 15.1.2. Thermo Fisher Scientific 15.1.2.1. Overview 15.1.2.2. Product Portfolio 15.1.2.3. Profitability by Market Segments 15.1.2.4. Sales Footprint 15.1.2.5. Strategy Overview 15.1.2.5.1. Marketing Strategy 15.1.2.5.2. Product Strategy 15.1.2.5.3. Channel Strategy 15.1.3. Avantor 15.1.3.1. Overview 15.1.3.2. Product Portfolio 15.1.3.3. Profitability by Market Segments 15.1.3.4. Sales Footprint 15.1.3.5. Strategy Overview 15.1.3.5.1. Marketing Strategy 15.1.3.5.2. Product Strategy 15.1.3.5.3. Channel Strategy 15.1.4. BASF 15.1.4.1. Overview 15.1.4.2. Product Portfolio 15.1.4.3. Profitability by Market Segments 15.1.4.4. Sales Footprint 15.1.4.5. Strategy Overview 15.1.4.5.1. Marketing Strategy 15.1.4.5.2. Product Strategy 15.1.4.5.3. Channel Strategy 15.1.5. Sandvik Materials Technology 15.1.5.1. Overview 15.1.5.2. Product Portfolio 15.1.5.3. Profitability by Market Segments 15.1.5.4. Sales Footprint 15.1.5.5. Strategy Overview 15.1.5.5.1. Marketing Strategy 15.1.5.5.2. Product Strategy 15.1.5.5.3. Channel Strategy 15.1.6. TCC 15.1.6.1. Overview 15.1.6.2. Product Portfolio 15.1.6.3. Profitability by Market Segments 15.1.6.4. Sales Footprint 15.1.6.5. Strategy Overview 15.1.6.5.1. Marketing Strategy 15.1.6.5.2. Product Strategy 15.1.6.5.3. Channel Strategy 15.1.7. AMRESCO 15.1.7.1. Overview 15.1.7.2. Product Portfolio 15.1.7.3. Profitability by Market Segments 15.1.7.4. Sales Footprint 15.1.7.5. Strategy Overview 15.1.7.5.1. Marketing Strategy 15.1.7.5.2. Product Strategy 15.1.7.5.3. Channel Strategy 15.1.8. Honeywell 15.1.8.1. Overview 15.1.8.2. Product Portfolio 15.1.8.3. Profitability by Market Segments 15.1.8.4. Sales Footprint 15.1.8.5. Strategy Overview 15.1.8.5.1. Marketing Strategy 15.1.8.5.2. Product Strategy 15.1.8.5.3. Channel Strategy 16. Assumptions & Acronyms Used 17. Research Methodology
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