Press release
Ammonium Phosphatide Market: Growing Demand to Impact Revenue Share during 2018-2028|| Leading players Puratos NV, DowDuPont Inc., Ivanhoe Industries Inc., Lonza Group Plc
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The global ammonium phosphatide market was valued at US$ 38.5 million in 2018, and it is expected to envisage 5.3% y-o-y over 2018 to surpass US$ 40.5 million by the end of 2019, according to Fact.MR. The latest study published by Fact.MR assesses growth of the ammonium phosphatide market, laying bare the key factors influencing this market.
The study finds that increasing demand for ammonium phosphatides in the chocolate and confectionery will continue to drive gains in 2019 and beyond. Confectioners and chocolate manufacturers are investing in sustainable emulsifiers, and these evolutions have rubbed off on ammonium phosphatide providers as well.
“Ammonium phosphatide is gaining popularity as a vegetable-based emulsifier and stabilizer among food manufacturers, especially across the bakery and confectionery sectors. The food industry is opening doors for ammonium phosphatide as a food additive with its no allergen, no flavor, and non-GMO status. The ammonium phosphatide market is expected to witness incremental growth as most food manufacturers are adopting ammonium phosphatide as a sustainable alternative to lecithin – a soya-based emulsifier,” says the Fact.MR study.
Confectionery Industry Accounts for Over 60% Revenue Share of Ammonium Phosphatide Market
The Fact.MR study finds sales in confectionary industry account for over 60% revenue share. The study projects that a majority of confectionery manufacturers are replacing lecithin with ammonium phosphatide, owing to cost-efficiency factors.
The study finds that another important reason why confectioners are choosing ammonium phosphatide as an emulsifier over lecithin is the increasing consumer preference for low-calorie and low-fat food products. Ammonium phosphatide helps confectioners and chocolate manufacturers keep the fat content of their products under a certain limit and sync with the consumers changing requirements.
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Ammonium Phosphatide Emerging as a Sustainable Emulsifier in Confectionary Industry
Though ammonium phosphatides as food additives find their place in the recipes of various food products, such as bakery, dairy products, and ice cream, confectioneries remain their top application. Confectioners are more inclined towards using ammonium phosphatides over lecithin in various products, including chocolates, micro sweets, cocoa butter, and other cocoa products.
Manufacturers in the ammonium phosphatide market are aiming to capitalize on increasing growth of the chocolate and confectionery industry, as ammonium phosphatide is widely used as a non-allergen and non-GMO emulsifier in chocolate and confectionery manufacturing.
Confectioners and chocolate manufacturers hold a significant share in growth of the ammonium phosphatide market worldwide. Thereby, leading manufacturers in the ammonium phosphatide market are developing strategies to target confectioners and chocolate manufacturers to improve profitable sales of ammonium phosphatide as emulsifiers.
Methodology Used to Compile the Report
A systematic approach is adopted to study growth of the ammonium phosphatide market between 2013 and 2028. A robust research methodology is implemented to reach the most accurate predictions about how the ammonium phosphatide market will grow through 2028. Primary and secondary research methodologies include the analysis of industry validated information about production and sales of ammonium phosphatide and the data acquired from leading stakeholders, including manufacturers, distributers, and suppliers, in the ammonium phosphatide market. Fact.MR ensures to provide readers with reliable information and actionable insights about growth prospects of the ammonium phosphatide market.
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About Fact.MR
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market insights reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
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