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
[EUPRwire, Tue Apr 23 2019] 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.
To Get Sample Copy of this Report, visit @ https://www.factmr.com/connectus/sample?flag=S&rep_id=1358
Global Ammonium Phosphatide Market: Key Insights
Get complete information about this report @ https://www.factmr.com/report/1358/ammonium-phosphatide-market
What Challenges are Stakeholders Facing?
- 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
Ammonium Phosphatide Market: The Competitive Landscape
- 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.
Leading stakeholders, including manufacturers and suppliers, in the ammonium phosphatide market featured in the Fact.MR market report include Palsgaard A/S, Fine Organics Industries Private Ltd, and Lasenor Emul, S.L.
Other key players from the related ingredient markets include BASF SE, Cargill Inc., Puratos NV, DowDuPont Inc., Ivanhoe Industries Inc., Lonza Group Plc, Kerry Group Plc, Stephan Company, and Oleon NV.
For Further Insights and Segment-Specific Information, Contact a Market Analyst at @ https://www.factmr.com/connectus/sample?flag=AE&rep_id=1358
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.
Visit website »