The market study report by Informes de Expertos titled, ‘Latin America Ammonium Bicarbonate Market 2023-2028’ , gives structured insights into the market, examining its diverse segments and key variables such as grade, final use, and key regions. The research gathers robust forecasting of the presence of key success factors and constraints, tracks well-established vendors, and the latest trends in the industry that impact the growth goal of the overall market. It also assesses the market dynamics, and the relationship between consumer demand and product price, coupled with the audit of SWOT and Porter’s Five Forces models.
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Los aspectos más destacados del informe incluyen:
Visión general del mercado (2018-2028)
• CAGR para el período de pronóstico (2023-2028): 3,7%
El deseo de formatos listos para el consumo ha impulsado el crecimiento de la industria latinoamericana del bicarbonato de amonio, cuyo valor se estimó en 7.500 millones de dólares en 2021. Además, se espera que el mercado se expanda entre 2023-2028 debido al aumento del poder adquisitivo de los consumidores por el aumento de la renta disponible y el potencial de calibración de la industria de la panadería y la alimentación para producir alimentos envasados innovadores según las preferencias de los consumidores. Otros aspectos significativos que influyen en el mercado del bicarbonato de amonio son la rápida urbanización y el auge de la demanda de una población cada vez más numerosa que tiene limitaciones de tiempo para cocinar debido a su estilo de vida laboral.
En adición, el desarrollo de la cuota de ingresos de actores clave como BASF SE y Nissan también se está viendo significativamente mejorado por las inversiones a gran escala en una variedad de productos alimenticios listos para consumir y envasados por parte de los gobiernos regionales de los países latinoamericanos, como Brasil, Argentina, Chile y México. Además, el apoyo gubernamental y los esfuerzos de colaboración de las principales empresas para mejorar el desarrollo y el lanzamiento de productos están ayudando al mercado a largo plazo con mayores proyecciones de beneficios brutos.
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Industry Definition and Major Segments
Ammonium bicarbonate is a colourless, crystalline bicarbonate salt of the ammonium ion and is an inorganic chemical substance. It is commonly used as a leavening agent for low-moisture items like cookies in the bakery sector. It can be utilised as a nitrogen fertiliser in the farming sector. Other applications include the creation of ceramics, fire retardants, medicines, polymers, pigments & dyes, etc.
The market according to the grade is divided into:
• Food Grade
• Technical Grade
• Agricultural Grade.
Based on the final use, the industry can be segmented into:
• Agricultural
• Ceramic
• Food and Beverage
• Pharmaceutical
• Rubber and Leather
• Textile
• Others
Key regions covered include:
• Brazil
• Argentina
• Mexico
• Chile
• Others
Market Trends
The growth of end-use industries such as ceramics, rubber and leather, pharmaceuticals, and textiles, where ammonium bicarbonate is widely used has driven the growth of the target industry. Additionally, it is expected that the market would expand during the forecast period due to augmented consumption and purchasing power of consumers owing to their rising disposable income which is gauging the potential to demand more and better standard products for their living.
Other significant aspects influencing the market include the demand for ready-to-eat products among the working-class population due to time constraints. Further, the development of the revenue share of key players in the food industry segment is being significantly ameliorated by high-scale investments in a variety of packaged food products. Also, the government support and topmost companies’ collaborative efforts for enhanced product development and launches are aiding the market in long run with heightened gross profit projections.
Key Market Players
The major players in the market are:
• BASF SE
• Sumitomo Chemical Co., Ltd.
• Nissan Chemical Corporation
• Mangalore Chemicals & Fertilizers Limited
• Shandong Hualu-Hengsheng Chemical Co., Ltd
• Others
This report covers their profiles and provides information on expansions, investments and mergers and acquisitions, among other latest industry developments.
About Us
Informes de Expertos, the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
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