Ammonium Carbonate Market Size, Share & Industry Analysis, By Type (Food & Pharma grade, Technical grade), By Application (Pharmaceuticals, Food and beverages, Industrial, Others) And Regional Forecast, 2024-2032
KEY INDUSTRY INSIGHTS
Ammonium carbonate is a salt and is also known as hartshorn and ammonia baker's. It is a leaving agent used for bakery products. They are not used in cakes as ammonium carbonate results in a foul smell. It leaves no salty or soapy flavour. Ammonium carbonate is a non-toxic, white crystal salt. In addition, ammonium carbonate is often used as an active component in medicines intended to relieve the pain.
Rising demand from processed foods is driving growth of the market. Ammonium carbonate has diverse appllications across food & beverage industry including baked good to confectionaries. Therefore, with growing demand for natural & organic food additives, the demand for ammonium carbonate is expected to increase in the near future. Moreover, ammonium carbonate works as a substitute to baking powder. Therefore, it is adopted in the potential applications of baking powder. However, stringent government regulations imposed on manufacturing and use of these food additives has limited the market growth.
Key Market Driver -
The increased demand from processed food manufacturers is likely to drive the market growth.
Key Market Restraint -
Stringent regulations are likely to restrict the market growth.
Market Segmentation:
Based on type the market for ammonium carbonate is further segmented into food & pharma grade and technical grade. Based on the application the market for ammonium carbonate is further segmented pharmaceuticals, food and beverages, industrial and others. From a geographical standpoint, the market is categorized to North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Players Covered:
The global & regional players operating in the ammonium carbonate market includes, Bayer CropScience, Shanghai Mingdou Agrochemical Co. Ltd, Taixing Dongyu Chemical, Oasis Fine Them, Taixing Experimental Chemical, Akash Purochem Private Limited, Shanghai Tenglong Agrochemical Co. Ltd., Monsanto, BASF SE, Yixing Waxing Chemical, P J Chemicals, Syngenta AG, and SinoHarvest Corporation.
Key Insights
- New Advancements in Production Technologies
- Key Trends in the ammonium carbonate market
- New Product Launches, Expansions, Key Players
- Ranking of Key Players in the Market
Regional Analysis:
Asia Pacific is projected to drive majority of the market growth in the forecast period. Ammonium Carbonate is used in agribusiness specially as additives for the manufacture of fertilisers in emerging economies such as China and India, which has fuelled demand in these countries. In North America, the demand for ammonium carbonate is largely driven due to high adoption in pharmaceuticals and specialty food applications. For example, ammonium carbonate is used as an anticoagulant and active agent in cough syrups. It is often used as a yeast/leaven agent for baked goods such as cookies, flat biscuits, lekuchen and crackers specifically, in the European Union, It also acts as a acidity regulator in the food manufacturing industries in Europe. Middle East and Latin America are projected to showcase moderate growth backed by favourable growth of end-use industries in these regions.
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Segmentation
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- Ongoing
- 2023
- 2019-2022
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