Ammonium Bicarbonate Market Size & Share, by Grade (Agricultural Grade, Food Grade, Technical Grade); Application (Solvent, Raising Agent, Leavening Agent, Nitrogen Fertilizer); End Use (Food Industry, Agriculture, Pharmaceutical, Textile, Ceramic, Rubber and Leather Agent) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5689
  • Published Date: Feb 20, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Ammonium Bicarbonate Market size is estimated to surpass USD 36 Billion by the end of 2036, growing at a CAGR of 5% during the forecast period i.e., 2024-2036. In the year 2023, the industry size of ammonia bicarbonate was USD 1 Billion. The need for food is rising due to urbanization and growing populations, which is predicted to increase the demand for ammonium bicarbonate in the upcoming years. Ammonium bicarbonate is an extremely active baking ingredient that leaves no residues that alter flavor. In the approaching year, it is anticipated that this feature will also create a solid foundation for the worldwide market to grow strongly. From an estimated 2.5 billion people in 1950, the world's population grew to 8.1 billion by mid-November 2022, with one billion born since 2010, and two billion from 1998 onwards.

The desire for more ecologically friendly fertilizers is driving the adoption of ammonia-based solutions. Ammonium bicarbonate, which is a precursor to ammonia, will benefit from this modification. The manufacture of green ammonia is receiving substantial funding from big agriculture businesses and governments, which is opening the door for ammonium bicarbonate to become a widely available and sustainable feedstock. Market players must strategically adapt to stay up with the ever-changing environment as a result of this evolution, which presents both opportunities and challenges.


Ammonium Bicarbonate Market
Get more information on this report: Request Free Sample PDF

Ammonium Bicarbonate Sector: Growth Drivers and Challenges

Growth Drivers

  • Demand in End Use Sector - The growing food sector, which uses ammonium bicarbonate as an active baking agent to produce baked products like cookies and biscuits, is what propels the ammonium bicarbonate market. Furthermore, during the projected time, the product's highest quality standards are anticipated to support market expansion. Furthermore, the product is being widely utilized in end-use industries, including the leather and rubber sectors, among others. Over the projection period, the ammonium bicarbonate business is expected to benefit from these sectors' sustainable expansion.
  • High Demand in the Pharmaceutical Sector – To increase crop output and productivity in the few cultivable regions, ammonium bicarbonate can be utilized as a nitrogen fertilizer in the agricultural sector. Aside from that, ammonium bicarbonate can be a component of medicinal and other fire-extinguisher compounds.

Challenges

  • Strict Regulation and Standards Associated with it - The throat, lungs, and nose may be irritated by several health-related illnesses, such as breathing ammonium bicarbonate, causing coughing, wheezing, and shortness of breath. This is expected to hamper the market expansion in the upcoming period.
  • Competition from the alternative is expected to hinder the market growth in the forecast period
  • Side Effects Associated with ammonium bicarbonate are set to pose a limitation on the market growth in the forecast period.

Ammonium Bicarbonate Market: Key Insights

Base Year

2023

Forecast Year

2024 - 2036

CAGR

~5%

Base Year Market Size (2023)

~USD 1 Billion

Forecast Year Market Size (2036)

~USD 36 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
Get more information on this report: Request Free Sample PDF

Ammonium Bicarbonate Segmentation

Application (Solvent, Raising Agent, Leavening Agent, Nitrogen Fertilizer)

In terms of application, the leavening agent segment in ammonium bicarbonate market is set to hold the largest revenue share of 60% during the period between 2024-2036. In the food and beverage industry, ammonium bicarbonate is widely used as a bleaching agent. It is a key ingredient in the production of cookies, biscuits, pastries, and cakes, which increases the texture and volume of the baked goods. Over the last year, there's been a 7.26% change in the popularity of bread. Baked is consumed an average of 3.31 times per year.

End Use (Food Industry, Agriculture, Pharmaceutical, Textile, Ceramic, Rubber and Leather Agent)

Based on end users, the food & beverage segment in ammonium bicarbonate market is anticipated to hold the highest CAGR by the end of 2036. The growth of the ammonium bicarbonate industry is supported by increasing demand for ammonium bicarbonate in the food sector. Within the food sector, this product is widely applied. The market growth of the product is driven by increasing demand for these products in both developed and emerging economies in their packaging or prepared foods form. The increasing demand for clean-label food additives is a driving force behind their use as pH regulators and leavening agents in meat processing. In addition, its antibacterial properties provide a healthy alternative to harsh chemicals and are becoming increasingly popular in the growing market for natural cleaning products.

Our in-depth analysis of the global market includes the following segments:

          Grade

  • Agricultural Grade
  •  Food Grade
  • Technical Grade

          Application

  • Solvent
  • Raising Agent
  •  Leavening Agent
  •  Nitrogen Fertilizer

          End Use

  • Food Industry
  •  Agriculture
  • Pharmaceutical
  • Textile
  •  Ceramic
  • Rubber and Leather Agent

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Ammonium Bicarbonate Industry - Regional Synopsis

APAC Market Forecasts

The ammonium bicarbonate market in the Asia Pacific region is set to hold the highest growth rate of 33% during forecast period. The global food industry is mainly driven by rising demand for health foods. The survey conducted by Global Data in the fourth quarter of 2023 shows a marked shift towards health in food shopping, with 62% of Asia Pacific consumers prioritizing healthcare. The growth of the global food industry is also strongly influenced by packaged and ready-for-consumption foods in advanced as well as developing regions. Surging urbanization is also one of the leading driving factors for this market growth. One of the major drivers for the Asia Pacific market over the next few years will be increased food demand and population growth.

North America Market Statistics

The ammonium bicarbonate market in the North American region is set to hold a substantial revenue share during the forecast period. Given the increasing demand for packaging food and well-established pharmaceutical industry in the region, North America is expected to have a major impact on global market growth over the forecast period. Furthermore, the expanding pharmaceutical industry and growing use of ammonium bicarbonate in antacids and cough syrups are set to drive market growth.  Growing focus on sustainable agriculture and the use of ammonium bicarbonate as a nitrogen source and for pH control will impact the market expansion.

Research Nester
Ammonium Bicarbonate Market Size
Get more information on this report: Request Free Sample PDF

Companies Dominating the Ammonium Bicarbonate Landscape

top-features-companies
    • BASF SE
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • UBE Corporation
    • MCF
    • Shandong ShunTian Chemical
    • Anhui Jinhe
    • Haoyuan Chemical
    • Anhui Huaertai Chemical
    • Jinshi Group
    • Sanning Chemical
    • Huaqiang Group
    • Bion Environment Technologies Inc

In-the-news

In The News

  • Bion Environmental Technologies, Inc. announced that they have submitted a new request to the Organic Materials Review Board. Bion is requesting an OMRI listing of the crystallized ammonium bicarbonate recovered on its third-generation waste treatment platform. To capture and convert naturally occurring ammonium compounds in the waste stream into a solid, readily available, nitrogen fertilizer, Bion has developed a patented 3G technology platform.
  • In their products portfolio, UBE Corporation has set up ammonium bicarbonate in the form of a colorless transparent crystal with ammonia odor which is unstabilizing when heated to water and also shows high alkalinity at hydrolysis.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 5689
  • Published Date: Feb 20, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The growing demand in the food sector and the increasing population are some of the major factors anticipated to drive the growth of the ammonium bicarbonate market.

The market is anticipated to attain a CAGR of ~5% over the forecast period, i.e., 2024-2036.

The major players in the market are Shandong ShunTian Chemical, Anhui Jinhe, Haoyuan Chemical, Anhui Huaertai Chemical, Jinshi Group, Sanning Chemical, and others.

The food industry segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in Asia Pacific is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Ammonium Bicarbonate Market Report Scope
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying