PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1577234
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1577234
Ammonium Carbonate Market Forecasts to 2030 - Global Analysis By Type (Food & Pharma Grade and Technical Grade), Form (Powder and Lumps), Application and By Geography
According to Stratistics MRC, the Global Ammonium Carbonate Market is accounted for $684.5 million in 2024 and is expected to reach $1056.3 million by 2030 growing at a CAGR of 7.5% during the forecast period. Ammonium carbonate is a white, crystalline substance that is mostly utilized in the chemical, pharmaceutical, and baking industries as a leavening agent. Lebkuchen, a German gingerbread, is often leavened with ammonium carbonate for texture. Speculoos, a Belgian and Dutch spiced cookie, achieves crispness. Tunnbrod, a Swedish flatbread, enhances lightness. When heated, it readily breaks down into water, carbon dioxide, and ammonia, which makes it a valuable component of volatile agents. It is also used to revive fainting people as a smelling salt. Although very soluble in water, ammonium carbonate is unstable in the atmosphere.
According to World Bank data, the average current health expenditure per capita is USD 1,265.6 million worldwide. The strategic importance of ammonium in the pharmaceutical supply chain ensures its sustained sales growth as healthcare systems work to satisfy the changing demand.
Market Dynamics:
Driver:
Diverse applications across various industries
Ammonium carbonate is a versatile material that finds application in a wide range of industries, such as cleaning goods, food, medicines, and agriculture. Due to its adaptability, demand is generated in these industries, which propels market expansion. Ammonium carbonate is being used more often in baking and confectionery applications because to the growing demand for processed and ready-to-eat goods, especially in emerging nations.
Restraint:
Regulatory challenges regarding emissions and safety standards
The ammonium carbonate market may see a decline in demand if producers face increased production costs and compliance expenses as a result of stricter regulations. Furthermore, by preventing investment and innovation, these rules may significantly hinder the entry of new businesses into the market, hence reducing competition and market expansion. For manufacturers to achieve emission requirements, innovation and adaptation are therefore essential.
Opportunity:
Rising consumption of processed foods
Ammonium carbonate is an essential leavening agent that gives baked goods their characteristic lightness and texture. Because this component is necessary to achieve the proper baking outcomes, the demand for it has increased due to the development in the consumption of processed foods. In addition the need for convenience and ready-to-eat foods is rising as well, particularly in cities where hectic lifestyles necessitate quick dinner options.
Threat:
Volatility in raw material prices
Ammonia and carbon dioxide, which are prone to price swings because of market dynamics, are necessary for the synthesis of ammonium carbonate. These variations raise production costs, which lowers manufacturers' profit margins. Furthermore, pricing volatility makes it difficult for manufacturers to plan ahead and budget effectively, which could impede expansion plans and growth initiatives.
Covid-19 Impact:
The COVID-19 pandemic significantly impacted the ammonium carbonate market by disrupting supply chains and production levels. Many manufacturing facilities faced temporary shutdowns due to lockdowns, leading to delays and shortages. However, the pharmaceutical sector's rising demand for ammonium carbonate for formulations and research activities provided some market resilience. As operations normalize, the market is expected to recover, driven by renewed interest in processed foods and pharmaceuticals.
The food & pharma grade segment is expected to be the largest during the forecast period
The food & pharma grade segment is expected to be the largest during the forecast period because ammonium carbonate, a crucial ingredient in food and medicine, is anticipated to hold 75.8% of the market by 2024 as a result of its applications in baking and medicine. Its vital significance in formulations especially those involving chewable and effervescent tablets improve the texture and functionality of these goods, promoting the growth of the business.
The pharmaceuticals segment is expected to have the highest CAGR during the forecast period
The pharmaceuticals segment is expected to have the highest CAGR during the forecast period owing to the leavening ingredient ammonium carbonate improves patient compliance and medicine absorption in effervescent tablets. Because of its capacity to release carbon dioxide, tablets become lighter and simpler to swallow, which is particularly advantageous for older populations. The need for pharmaceutical components like ammonium carbonate is increased by the incidence of chronic diseases and rising worldwide healthcare spending.
Region with largest share:
North America is expected to have the largest market share over the projection period due to the growing demand for processed foods in the U.S. and Canada is boosting the demand for food-grade ammonium carbonate, a leavening agent used in baking and confectionery products. The pharmaceutical industry's expansion, particularly in drug formulations requiring ammonium carbonate, is also increasing market demand, particularly for effervescent and chewable tablets.
Region with highest CAGR:
Asia Pacific is anticipated to witness the highest rate of growth during the forecast period as it is becoming more and more in demand in industries including food processing, medicines, and agriculture due to the rapid industrialization of China and India. Ammonium carbonate is needed for medication formulations in the growing pharmaceutical industry, which drives up demand.
Key players in the market
Some of the key players in Ammonium Carbonate Market include Akash Purochem Private Limited, BASF SE, Bayer CropScience, Foxkem Industries, Monsanto, Oasis Fine Them, P J Chemicals, Shanghai Mingdou Agrochemical Co. Ltd, SinoHarvest Corporation, Syngenta AG, Taixing Dongyu Chemical, Vinipul Inorganics India Pvt Ltd and Yixing Waxing Chemical.
Key Developments:
In October 2024, Bayer and MOMA Therapeutics, Inc., announced that they have entered into collaboration, under an option and exclusive license agreement to develop and commercialize a small molecule oncology program based on MOMA's proprietary KNOMATIC(TM) platform.
In October 2024, BASF partnered with Acadian Plant Health(TM) to introduce climate-resilient solution. This collaboration aims to enhance agricultural sustainability by improving plant resilience against environmental stressors, such as drought and salinity.
Types Covered:
- Food & Pharma Grade
- Technical Grade
Forms Covered:
- Powder
- Lumps
Applications Covered:
- Fertilizers
- Pharmaceuticals
- Baking & Confectionery
- Personal Care & Cosmetics
- Textile & Leather
- Agriculture
- Other Applications
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Application Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Ammonium Carbonate Market, By Type
- 5.1 Introduction
- 5.2 Food & Pharma Grade
- 5.3 Technical Grade
6 Global Ammonium Carbonate Market, By Form
- 6.1 Introduction
- 6.2 Powder
- 6.3 Lumps
7 Global Ammonium Carbonate Market, By Application
- 7.1 Introduction
- 7.2 Fertilizers
- 7.3 Pharmaceuticals
- 7.4 Baking & Confectionery
- 7.5 Personal Care & Cosmetics
- 7.6 Textile & Leather
- 7.7 Agriculture
- 7.8 Other Applications
8 Global Ammonium Carbonate Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 Akash Purochem Private Limited
- 10.2 BASF SE
- 10.3 Bayer CropScience
- 10.4 Foxkem Industries
- 10.5 Monsanto
- 10.6 Oasis Fine Them
- 10.7 P J Chemicals
- 10.8 Shanghai Mingdou Agrochemical Co. Ltd
- 10.9 SinoHarvest Corporation
- 10.10 Syngenta AG
- 10.11 Taixing Dongyu Chemical
- 10.12 Vinipul Inorganics India Pvt Ltd
- 10.13 Yixing Waxing Chemical
List of Tables
- Table 1 Global Ammonium Carbonate Market Outlook, By Region (2022-2030) ($MN)
- Table 2 Global Ammonium Carbonate Market Outlook, By Type (2022-2030) ($MN)
- Table 3 Global Ammonium Carbonate Market Outlook, By Food & Pharma Grade (2022-2030) ($MN)
- Table 4 Global Ammonium Carbonate Market Outlook, By Technical Grade (2022-2030) ($MN)
- Table 5 Global Ammonium Carbonate Market Outlook, By Form (2022-2030) ($MN)
- Table 6 Global Ammonium Carbonate Market Outlook, By Powder (2022-2030) ($MN)
- Table 7 Global Ammonium Carbonate Market Outlook, By Lumps (2022-2030) ($MN)
- Table 8 Global Ammonium Carbonate Market Outlook, By Application (2022-2030) ($MN)
- Table 9 Global Ammonium Carbonate Market Outlook, By Fertilizers (2022-2030) ($MN)
- Table 10 Global Ammonium Carbonate Market Outlook, By Pharmaceuticals (2022-2030) ($MN)
- Table 11 Global Ammonium Carbonate Market Outlook, By Baking & Confectionery (2022-2030) ($MN)
- Table 12 Global Ammonium Carbonate Market Outlook, By Personal Care & Cosmetics (2022-2030) ($MN)
- Table 13 Global Ammonium Carbonate Market Outlook, By Textile & Leather (2022-2030) ($MN)
- Table 14 Global Ammonium Carbonate Market Outlook, By Agriculture (2022-2030) ($MN)
- Table 15 Global Ammonium Carbonate Market Outlook, By Other Applications (2022-2030) ($MN)
- Table 16 North America Ammonium Carbonate Market Outlook, By Country (2022-2030) ($MN)
- Table 17 North America Ammonium Carbonate Market Outlook, By Type (2022-2030) ($MN)
- Table 18 North America Ammonium Carbonate Market Outlook, By Food & Pharma Grade (2022-2030) ($MN)
- Table 19 North America Ammonium Carbonate Market Outlook, By Technical Grade (2022-2030) ($MN)
- Table 20 North America Ammonium Carbonate Market Outlook, By Form (2022-2030) ($MN)
- Table 21 North America Ammonium Carbonate Market Outlook, By Powder (2022-2030) ($MN)
- Table 22 North America Ammonium Carbonate Market Outlook, By Lumps (2022-2030) ($MN)
- Table 23 North America Ammonium Carbonate Market Outlook, By Application (2022-2030) ($MN)
- Table 24 North America Ammonium Carbonate Market Outlook, By Fertilizers (2022-2030) ($MN)
- Table 25 North America Ammonium Carbonate Market Outlook, By Pharmaceuticals (2022-2030) ($MN)
- Table 26 North America Ammonium Carbonate Market Outlook, By Baking & Confectionery (2022-2030) ($MN)
- Table 27 North America Ammonium Carbonate Market Outlook, By Personal Care & Cosmetics (2022-2030) ($MN)
- Table 28 North America Ammonium Carbonate Market Outlook, By Textile & Leather (2022-2030) ($MN)
- Table 29 North America Ammonium Carbonate Market Outlook, By Agriculture (2022-2030) ($MN)
- Table 30 North America Ammonium Carbonate Market Outlook, By Other Applications (2022-2030) ($MN)
- Table 31 Europe Ammonium Carbonate Market Outlook, By Country (2022-2030) ($MN)
- Table 32 Europe Ammonium Carbonate Market Outlook, By Type (2022-2030) ($MN)
- Table 33 Europe Ammonium Carbonate Market Outlook, By Food & Pharma Grade (2022-2030) ($MN)
- Table 34 Europe Ammonium Carbonate Market Outlook, By Technical Grade (2022-2030) ($MN)
- Table 35 Europe Ammonium Carbonate Market Outlook, By Form (2022-2030) ($MN)
- Table 36 Europe Ammonium Carbonate Market Outlook, By Powder (2022-2030) ($MN)
- Table 37 Europe Ammonium Carbonate Market Outlook, By Lumps (2022-2030) ($MN)
- Table 38 Europe Ammonium Carbonate Market Outlook, By Application (2022-2030) ($MN)
- Table 39 Europe Ammonium Carbonate Market Outlook, By Fertilizers (2022-2030) ($MN)
- Table 40 Europe Ammonium Carbonate Market Outlook, By Pharmaceuticals (2022-2030) ($MN)
- Table 41 Europe Ammonium Carbonate Market Outlook, By Baking & Confectionery (2022-2030) ($MN)
- Table 42 Europe Ammonium Carbonate Market Outlook, By Personal Care & Cosmetics (2022-2030) ($MN)
- Table 43 Europe Ammonium Carbonate Market Outlook, By Textile & Leather (2022-2030) ($MN)
- Table 44 Europe Ammonium Carbonate Market Outlook, By Agriculture (2022-2030) ($MN)
- Table 45 Europe Ammonium Carbonate Market Outlook, By Other Applications (2022-2030) ($MN)
- Table 46 Asia Pacific Ammonium Carbonate Market Outlook, By Country (2022-2030) ($MN)
- Table 47 Asia Pacific Ammonium Carbonate Market Outlook, By Type (2022-2030) ($MN)
- Table 48 Asia Pacific Ammonium Carbonate Market Outlook, By Food & Pharma Grade (2022-2030) ($MN)
- Table 49 Asia Pacific Ammonium Carbonate Market Outlook, By Technical Grade (2022-2030) ($MN)
- Table 50 Asia Pacific Ammonium Carbonate Market Outlook, By Form (2022-2030) ($MN)
- Table 51 Asia Pacific Ammonium Carbonate Market Outlook, By Powder (2022-2030) ($MN)
- Table 52 Asia Pacific Ammonium Carbonate Market Outlook, By Lumps (2022-2030) ($MN)
- Table 53 Asia Pacific Ammonium Carbonate Market Outlook, By Application (2022-2030) ($MN)
- Table 54 Asia Pacific Ammonium Carbonate Market Outlook, By Fertilizers (2022-2030) ($MN)
- Table 55 Asia Pacific Ammonium Carbonate Market Outlook, By Pharmaceuticals (2022-2030) ($MN)
- Table 56 Asia Pacific Ammonium Carbonate Market Outlook, By Baking & Confectionery (2022-2030) ($MN)
- Table 57 Asia Pacific Ammonium Carbonate Market Outlook, By Personal Care & Cosmetics (2022-2030) ($MN)
- Table 58 Asia Pacific Ammonium Carbonate Market Outlook, By Textile & Leather (2022-2030) ($MN)
- Table 59 Asia Pacific Ammonium Carbonate Market Outlook, By Agriculture (2022-2030) ($MN)
- Table 60 Asia Pacific Ammonium Carbonate Market Outlook, By Other Applications (2022-2030) ($MN)
- Table 61 South America Ammonium Carbonate Market Outlook, By Country (2022-2030) ($MN)
- Table 62 South America Ammonium Carbonate Market Outlook, By Type (2022-2030) ($MN)
- Table 63 South America Ammonium Carbonate Market Outlook, By Food & Pharma Grade (2022-2030) ($MN)
- Table 64 South America Ammonium Carbonate Market Outlook, By Technical Grade (2022-2030) ($MN)
- Table 65 South America Ammonium Carbonate Market Outlook, By Form (2022-2030) ($MN)
- Table 66 South America Ammonium Carbonate Market Outlook, By Powder (2022-2030) ($MN)
- Table 67 South America Ammonium Carbonate Market Outlook, By Lumps (2022-2030) ($MN)
- Table 68 South America Ammonium Carbonate Market Outlook, By Application (2022-2030) ($MN)
- Table 69 South America Ammonium Carbonate Market Outlook, By Fertilizers (2022-2030) ($MN)
- Table 70 South America Ammonium Carbonate Market Outlook, By Pharmaceuticals (2022-2030) ($MN)
- Table 71 South America Ammonium Carbonate Market Outlook, By Baking & Confectionery (2022-2030) ($MN)
- Table 72 South America Ammonium Carbonate Market Outlook, By Personal Care & Cosmetics (2022-2030) ($MN)
- Table 73 South America Ammonium Carbonate Market Outlook, By Textile & Leather (2022-2030) ($MN)
- Table 74 South America Ammonium Carbonate Market Outlook, By Agriculture (2022-2030) ($MN)
- Table 75 South America Ammonium Carbonate Market Outlook, By Other Applications (2022-2030) ($MN)
- Table 76 Middle East & Africa Ammonium Carbonate Market Outlook, By Country (2022-2030) ($MN)
- Table 77 Middle East & Africa Ammonium Carbonate Market Outlook, By Type (2022-2030) ($MN)
- Table 78 Middle East & Africa Ammonium Carbonate Market Outlook, By Food & Pharma Grade (2022-2030) ($MN)
- Table 79 Middle East & Africa Ammonium Carbonate Market Outlook, By Technical Grade (2022-2030) ($MN)
- Table 80 Middle East & Africa Ammonium Carbonate Market Outlook, By Form (2022-2030) ($MN)
- Table 81 Middle East & Africa Ammonium Carbonate Market Outlook, By Powder (2022-2030) ($MN)
- Table 82 Middle East & Africa Ammonium Carbonate Market Outlook, By Lumps (2022-2030) ($MN)
- Table 83 Middle East & Africa Ammonium Carbonate Market Outlook, By Application (2022-2030) ($MN)
- Table 84 Middle East & Africa Ammonium Carbonate Market Outlook, By Fertilizers (2022-2030) ($MN)
- Table 85 Middle East & Africa Ammonium Carbonate Market Outlook, By Pharmaceuticals (2022-2030) ($MN)
- Table 86 Middle East & Africa Ammonium Carbonate Market Outlook, By Baking & Confectionery (2022-2030) ($MN)
- Table 87 Middle East & Africa Ammonium Carbonate Market Outlook, By Personal Care & Cosmetics (2022-2030) ($MN)
- Table 88 Middle East & Africa Ammonium Carbonate Market Outlook, By Textile & Leather (2022-2030) ($MN)
- Table 89 Middle East & Africa Ammonium Carbonate Market Outlook, By Agriculture (2022-2030) ($MN)
- Table 90 Middle East & Africa Ammonium Carbonate Market Outlook, By Other Applications (2022-2030) ($MN)
