A recently compiled report of FactMR, titled “Global Ammonium Phosphatide Market: Forecast, Trend Analysis & Competition Tracking Global Review 2018 to 2028,” provides a comprehensive analysis on development of the ammonium phosphatide market worldwide. Various indicators of growth such as Y-o-Y growth, supply chain analysis, pricing analysis, value chain analysis, and compound annual growth rate (CAGR), are presented in the report. This can also lead to elucidating the future prospects of the ammonium phosphatide market through important market dynamics such as market drivers, challenges, trends, restraints, and growth opportunities in various regional markets for ammonium phosphatides.
Global Ammonium Phosphatide Market: Key Insights
- In June 2007, the United States Food and Drug Administration (FDA) published a GRAS notification allowing its use as an emulsifier in vegetable fat coatings and chocolates. Ammonium phosphatide market has picked up pace ever since, witnessing healthy growth at 4% CAGR during 2013-2017
- In 2018, the ammonium phosphatide market exceeded US$ 38.5 million, and it is likely to grow consistently at 6.1% per annum during 2018-2028
- Europe will continue to be the largest market for ammonium phosphatide, as chocolate and confectionery manufacturers in leading European countries, such as Germany, as well as Eastern European countries are rapidly replacing lecithin with ammonium phosphatide as an emulsifier
- South Asia is likely to emerge as the fastest growing market for ammonium phosphatide with a mounting number of food additive manufacturers investing in developing Asian countries, such as India and Indonesia
What Challenges are Stakeholders Facing?
- Business strategies of the ammonium phosphatide market players mainly depend on trends in the chocolate industry, and uncertainties associated with the global demand for chocolates and confectioneries can impact growth of the ammonium phosphatide market
- Increasing concerns about health and weight control are encouraging consumers to adopt healthy dietary habits, which is creating an aversion to high-fat products, such as chocolates and confectioneries, among health-conscious consumers. This is likely to restrict the applications range and create challenges for manufacturers in ammonium phosphatide market.
What’s Driving the Ammonium Phosphatide Market?
- Being a non-GMO and allergen-free emulsifier, ammonium phosphatide is gaining popularity in chocolate manufacturing as a sustainable alternative for lecithin in chocolate manufacturing. Ammonium phosphatides are outperforming and replacing lecithin in giving chocolate manufacturers more control over chocolate’s plastic viscosity and improving consistency of the end-product
- Though chocolate industry is one of the leading industrial customers for ammonium phosphatide market players, increasing applications of ammonium phosphatide in ice cream coatings is supporting market growth
- Owing to its neutral and odorless flavor profile, ammonium phosphatide is likely to witness increasing demand as a food additive in various food applications, as it does not have a negative impact on the flavor of end-products
- Ammonium phosphatides prove to be cost-saving and energy-efficient food additives for confectioners, as other emulsifiers, such as lecithin, consume more cocoa butter and other food ingredients and add to the manufacturing costs
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