The Ammonium Bicarbonate Market Size was estimated at 1.24 (USD Billion) in 2022. The Ammonium Bicarbonate Industry is expected to grow from 1.28(USD Billion) in 2023 to 1.67 (USD Billion) by 2032. The Ammonium Bicarbonate Market CAGR (growth rate) is expected to be around 2.98% during the forecast period (2024 - 2032).
Key Ammonium Bicarbonate Market Trends Highlighted
Due to the fast-paced changes, ammonium bicarbonate has become such a substance that it has created considerable usage in the industry. This is due to the fact that ammonium bicarbonate is involved in several application areas, such as animal feed, pharmaceuticals and even leather. This market is mainly fueled by the increasing population demanding more food hence using ammonium bicarbonate widely in animal feeds.
Further on, growth prospects available in the ammonium bicarbonate market can be attributed to the need for the creation of new uses of the product in different markets. In this case, its application in the food industry as a leavening agent has great prospects, especially in developing countries. In addition, it is expected that the growing industrialization of new drug formulations and the developing leather industry will increase the use of ammonium bicarbonate.
According to recent data, the ammonium bicarbonate market has also taken positive directions which include more sustainable and green production methods. There is an increasing awareness among the end users regarding the hazardous effects of industrial activities, and demand for eco-friendly production has emerged. To meet this need, producers are focusing on the implementation of more resource-efficient methods of production and the use of alternative sources of energy for the production of bicarbonates.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Ammonium Bicarbonate Market Drivers
Rising Demand for Ammonium Bicarbonate in Food Applications
The food industry’s high demand for ammonium bicarbonate is a vital growth driver for the world’s market. This chemical compound is commonly used as a leavening agent in several food processing operations. Specifically, it facilitates the production of such bakery products as cookies, cakes, and bread with a light, porous structure. Ammonium bicarbonate releases carbon dioxide gas, which is vital for the proper reaction of proteins and helps form the necessary texture.
Given the increasing popularity of convenience foods and, in general, baked goods, the demand for the studied compound in the food industry is forecast to grow. Moreover, people have become increasingly attentive to their food in the context of their health, which is why ammonium bicarbonate, whose qualities are more natural, will become more popular. Lastly, the demand for food additives, such as emulsifiers and stabilizers, has increased over the years, and their production requires ammonium bicarbonate.
Growing Use of Ammonium Bicarbonate in Pharmaceutical and Cosmetic Industries
The expanding use of ammonium bicarbonate in the pharmaceutical and cosmetic industries is another key factor driving the Ammonium Bicarbonate Market. In the pharmaceutical industry, ammonium bicarbonate is utilized as an antacid and buffering agent in various medications. It helps neutralize stomach acids and relieve heartburn and indigestion. Moreover, it is used as an expectorant in cough syrups and decongestants. In the cosmetics industry, ammonium bicarbonate is employed as a pH adjuster and buffering agent in skincare and hair care products.
It helps maintain the pH balance of these products, ensuring their effectiveness and reducing skin irritation.
Increasing Adoption of Ammonium Bicarbonate in Industrial Applications
There are several types of industrial applications where ammonium bicarbonate is used: fertilizers, cleaning agents, and fire extinguishers. This fact adds to the growth of the market because ammonium bicarbonate is very useful. For example, in agriculture ammonium bicarbonate is used as a source of nitrogen in fertilizing. Thereby, it makes the plants grow better and this, in its turn, increases crop yield. Moreover, in the manufacturing of fire extinguishers, ammonium bicarbonate is also used as a fire suppressant.
It produces carbon dioxide gas, which is used for extinguishing flames. There are also particular cases of ammonium bicarbonate usage, such as cleaning agents like glass or oven cleaners because it easily removes dirt and stains.
Ammonium Bicarbonate Market Segment Insights:
Ammonium Bicarbonate Market Application Insights
The Ammonium Bicarbonate Market is segmented by application into Baking Agents, Food Preservatives, Fire Extinguishers, Pharmaceuticals, and Personal Care Products. Baking Agents segment held the largest Ammonium Bicarbonate Market share in 2023 and is expected to maintain its dominance throughout the forecast period. Ammonium bicarbonate is widely used as a leavening agent in baked goods, providing a source of carbon dioxide gas that helps the dough rise. The increasing demand for baked goods, particularly in emerging economies, is expected to drive the growth of this segment.
The Food Preservatives segment is expected to witness significant growth over the forecast period. Ammonium bicarbonate is used as a preservative in food products to prevent spoilage and extend shelf life. The growing demand for packaged and processed foods is expected to fuel the growth of this segment. The Fire Extinguishers segment accounted for a notable Ammonium Bicarbonate Market share in 2023. Ammonium bicarbonate is used as a fire suppressant in dry chemical fire extinguishers. The increasing emphasis on fire safety regulations and the growing number of industrial and commercial establishments are expected to drive the growth of this segment.
The Pharmaceuticals segment is expected to grow steadily over the forecast period. Ammonium bicarbonate is used in the production of various pharmaceutical products, including antacids and effervescent tablets. The growing demand for healthcare products is expected to support the growth of this segment. The Personal Care Products segment is expected to witness moderate growth over the forecast period. Ammonium bicarbonate is used in various personal care products, such as toothpaste, mouthwash, and deodorants. The growing awareness of personal hygiene and the increasing demand for natural and organic products are expected to drive the growth of this segment.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Ammonium Bicarbonate Market Grade Insights
The Ammonium Bicarbonate Global Market is segmented by grade into technical grade, food grade, and pharmaceutical grade. In 2023, the food grade segment accounted for the largest market share, approx. 45% on the basis of 2023 Ammonium Bicarbonate Global Market Revenue. The technical grade segment is expected to grow at a CAGR of 3.2% over the period 2024 – 2032. The growth of the pharmaceutical grade segment is expected to be steady owing to increasing demand from the pharmaceutical industry. The Ammonium Bicarbonate Market is growing on account of several factors, such as increasing demand from the food-beverage industry, growing use in pharmaceuticals and increasing applications across different industries.
Ammonium Bicarbonate Market Distribution Channel Insights
The Ammonium Bicarbonate Market is segmented into several distribution channels, which play a crucial role in connecting manufacturers with end-users. Among these channels, Direct Sales, Wholesale Distributors, Retailers, and Online Marketplaces hold significant market shares. Direct Sales involve manufacturers selling their products directly to end-users, offering transparent pricing and customized solutions. Wholesale Distributors purchase large quantities of Ammonium Bicarbonate from manufacturers and distribute them to various retailers and industrial users.
Retailers serve as the bridge between distributors and end-users, offering Ammonium Bicarbonate in smaller quantities through physical stores or e-commerce platforms. This growth is primarily driven by the increasing demand for Ammonium Bicarbonate in various industries, including food and beverage, pharmaceuticals, and construction.
Ammonium Bicarbonate Market Regional Insights
The Ammonium Bicarbonate Market is segmented into North America, Europe, APAC, South America, and MEA. North America is the largest regional market, accounting for over 30% of the global market share in 2023. The region is expected to continue to dominate the market throughout the forecast period, driven by the increasing demand from the food and beverage industry. Europe is the second largest regional market, with a market share of over 25% in 2023. The region is expected to witness steady growth over the forecast period, owing to the rising demand from the pharmaceutical and personal care industries.
APAC is the third largest regional market, with a market share of over 20% in 2023. The region is expected to experience significant growth over the forecast period due to the increasing demand from the construction and agriculture industries. South America and MEA are the smallest regional markets, with market shares of over 15% and 10%, respectively, in 2023. These regions are expected to witness moderate growth over the forecast period, driven by the growing demand from the food and beverage industry.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Ammonium Bicarbonate Market Key Players And Competitive Insights:
Major players in the Ammonium Bicarbonate Market are always looking for ways to outdo their competitors. To do this, they use strategies such as new product development, expansion of production capacities, and acquisition of small players in the market. The Ammonium Bicarbonate Market is a very competitive industry, and many of the leading players hold a large share of the international market. Major players are looking toward the future, with new investments being made in research and development to come up with new products to meet customer needs. It is expected that the Ammonium Bicarbonate Market will experience strong growth over the coming years due to increased demand from end-use industries such as food, pharmaceuticals, and agriculture. As a result, the Ammonium Bicarbonate Market will continue to be a competitive market as new players entering the market will aim to take on the established players.
Some of the major players in the Ammonium Bicarbonate Market are expanding their worldwide reach by building up their presence or their distribution network in new regions. Companies are also investing in promotional activities so that their brands become better known among customers, which will give rise to demand from big end users. This will likely lead to new players entering the Ammonium Bicarbonate Market over the coming years, which will make it a more competitive market. Some of the new players entering the market may launch new products or technologies that could upset the market and pose a threat to established players.
A leading player in the Ammonium Bicarbonate Market is Solvay. The company offers a wide range of ammonium bicarbonate products to its customers, depending on its location worldwide. It has a strong presence in the market and works with a team of experts to come up with new solutions for its customers. The company takes pride in its high-quality products as well as its services. Another player in the Ammonium Bicarbonate Market is BASF. The company is one of the leading chemical producers worldwide and offers a wide selection of ammonium bicarbonate products tailored specifically to the needs of its customers. The company has a global reach and a strong background in technical knowledge, making it one of the leading players in the Ammonium Bicarbonate Market.
Key Companies in the Ammonium Bicarbonate Market Include:
Yixing Jingyang Chemicals
Yawata Chemical Industry
Dalian Tianhe Chemical
Shanghai Yulin Chemical
Asahi Kasei
Shenyang Tianda Chemical
Yingkou East Port Chemical
Tosoh Corporation
Jilin Haihong
Zhongguo Shenhua
Hebei Qingtong Chemical
Inner Mongolia Henglong Chemical
Showa Denko
Nitto Chemicals
Sichuan Jinlu
Ammonium Bicarbonate Market Industry Developments
The Ammonium Bicarbonate Market is projected to reach USD 1.67 billion by 2032, exhibiting a CAGR of 2.98% during the forecast period (2024-2032). The market growth can be attributed to the rising demand for ammonium bicarbonate in the food industry, particularly in the bakery sector.
In recent years, there have been several noteworthy developments in the Ammonium Bicarbonate Market:
In 2023, the European Union implemented new regulations on the use of ammonium bicarbonate in food products, which has impacted the market dynamics in the region.
Major players in the market, such as Prayon and Tosoh Corporation, are investing in research and development to enhance the production and application of ammonium bicarbonate.
The growing demand for clean-label and organic products is driving the adoption of ammonium bicarbonate as a natural leavening agent in the food industry.
Overall, the Ammonium Bicarbonate Market is expected to witness steady growth in the coming years, driven by the increasing demand from various industries, technological advancements, and changing consumer preferences.
Ammonium Bicarbonate Market Segmentation Insights
Ammonium Bicarbonate Market Application Outlook
Baking Agents
Food Preservatives
Fire Extinguishers
Pharmaceuticals
Personal Care Products
Ammonium Bicarbonate Market Grade Outlook
Technical Grade
Food Grade
Pharmaceutical Grade
Ammonium Bicarbonate Market Distribution Channel Outlook
Direct Sales
Wholesale Distributors
Retailers
Online Marketplaces
Ammonium Bicarbonate Market Regional Outlook
North America
Europe
South America
Asia Pacific
Middle East and Africa
| Report Attribute/Metric | Details |
| Market Size 2022 | 1.24(USD Billion) |
| Market Size 2023 | 1.28(USD Billion) |
| Market Size 2032 | 1.67(USD Billion) |
| Compound Annual Growth Rate (CAGR) | 2.98% (2024 - 2032) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2023 |
| Market Forecast Period | 2024 - 2032 |
| Historical Data | 2019 - 2023 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | Yixing Jingyang Chemicals, Yawata Chemical Industry, Dalian Tianhe Chemical, Shanghai Yulin Chemical, Asahi Kasei, Shenyang Tianda Chemical, Yingkou East Port Chemical, Tosoh Corporation, Jilin Haihong, Zhongguo Shenhua, Hebei Qingtong Chemical, Inner Mongolia Henglong Chemical, Showa Denko, Nitto Chemicals, Sichuan Jinlu |
| Segments Covered | Application, Grade, Distribution Channel, Regional |
| Key Market Opportunities | Increasing demand in food rubber and dye industries Expanding use in emerging markets Growth in pharmaceutical applications Potential for use in carbon capture and storage Rising environmental awareness. |
| Key Market Dynamics | Growing demand in food and beverage Pharmaceutical applications Increased use in personal care Rising adoption in agriculture Expanding manufacturing capabilities. |
| Countries Covered | North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Ammonium Bicarbonate Market is anticipated to reach a valuation of approximately 1.28 Billion USD in 2023.
The Ammonium Bicarbonate Market is projected to expand at a CAGR of around 2.98% from 2024 to 2032.
The Ammonium Bicarbonate Market is anticipated to reach a valuation of approximately 1.67 Billion USD by 2032.
North America region is expected to dominate the Ammonium Bicarbonate Market in terms of revenue during the forecast period.
Ammonium Bicarbonate finds applications in various industries, including pharmaceuticals, food additives, fertilizers, and fire extinguishers.
Some of the key competitors in the Ammonium Bicarbonate Market include companies such as BASF, Solvay, and CIECH.
The Asia-Pacific region is projected to experience a significant growth rate in the Ammonium Bicarbonate Market due to increasing demand from various industries.
The Ammonium Bicarbonate Market faces challenges such as fluctuating raw material prices and intense competition from substitutes.
The Ammonium Bicarbonate Market presents opportunities for growth in emerging economies and increasing demand from the pharmaceutical industry.
Key trends shaping the Ammonium Bicarbonate Market include the growing adoption of green technologies and the increasing use of Ammonium Bicarbonate in food and beverage applications.
Senior Research Analyst With an experience of over five years in market research industry (chemicals & materials domain), i gather and analyze market data from diverse sources to produce results, which are then presented back to a client. also, provide recommendations based on the findings. as a senior research analyst, i perform quality checks (qc) for market estimations, qc for reports, and handle queries and work extensively on client customizations. also, handle the responsibilities of client proposals, report planning, report finalization, and execution
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