The global food-grade ammonium carbonate market is anticipated to create lucrative growth opportunities over the assessment period by exhibiting a CAGR of 11.4% from 2022 to 2032. The global market size was valued at US$ 289.5 Million in 2022 and exceeded a valuation of US$ 796.3 Million in 2032. The growth of the market is attributed to the increasing consumption of processed food items in both developed and developing countries are likely to drive the market. Surging usage of food-grade ammonium carbonate in the bakery and confectionery industry worldwide is set to push growth.
Food-grade ammonium carbonate is also known as Hartshorn salt or baker’s ammonia. It is referred to as a leavening ingredient and is increasingly utilized within various conventional recipes. Furthermore, it is also capable of instantly eliminating gaseous ammonia and carbon dioxide upon heating. The demand for food-grade ammonium carbonate is predicted to augment rapidly throughout the valuation period. This growth is surging as it does not leave behind any alkaline off-flavor in freshly baked products, unlike baking powder or soda.
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Rising awareness in several parts of the globe associated with the benefits of using food-grade ammonium carbonate in baked goods is yet another factor augmenting growth in the market. In addition to that, high demand for cookies and crisp baked goods paired with long shelf lives is expected 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.
Key Takeaways
- Surging usage of food-grade ammonium in baked goods including flat biscuits and cookies is anticipated to drive market growth. Furthermore, the 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.
- Apart from rising demand for gluten-free cookies and crackers and an increase in the health-conscious population, consumers worldwide are expected to bolster growth. In addition to that, favorable government norms are surging supporting organic labeling in the food and beverage industry is also compelling manufacturers to create a positive impact on the global market.
- Ammonium carbonate is responsible for causing shortness of breath or coughing. This can expand through irritation in the nose, lungs, and throat when inhaled. Moreover, it can also result in chemical bronchitis and swelling up the air passages.
- It is not good for people living with pre-existing lung diseases. It is crucial to limit the intake of ammonium carbonate in the near future. Nowadays, customers 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.
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Competitive Landscape
Some of the prominent players in the global food-grade ammonium carbonate market are primarily focusing on partnerships and collaborations with numerous start-up companies. In order to co-develop state-of-the-art food-grade ammonium carbonate and cater to the propelling demand from end-use industries, it is crucial to concentrate on collaborations. 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.
More Insights into the Food Grade Ammonium Carbonate Market
The North American region is expected to dominate the global food-grade ammonium carbonate market over the assessment period. The U.S. and Canadian region is set to account for the maximum market share. Moreover, 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 American market in the forthcoming years.
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Asia Pacific region is another vital region possessing second position in terms of sales of food-grade ammonium carbonate, followed by North America. The growth of the region is attributed to the increasing number of online stores providing discounts on bulk purchases across developing countries, such as India, China, Japan, and South Korea is expected to drive the regional market. Several renowned baked goods manufacturers are focusing on expanding their presence within the Asia Pacific region owing to the easy availability of low-cost labor and raw materials.
Key Segments Profiled in the Food Grade Ammonium Carbonate Industry Survey
By Form:
- Lumps
- Powder
By Application:
- Crackers
- Biscotti
- Dry Cookies
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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