Growing need for additives to extend the shelf-life of baked products is driving the growth of the ammonium sulphate market
Future Market Insights, Dubai: As per a study by FMI, the global ammonium sulphate market is exhibiting steady growth and is expected to reach a valuation of US$ 5.9 billion by the end of 2031. The market for ammonium sulphate is likely to grow at a CAGR of 4.1% through the forecast period 2021 to 2031.
As per a study by World Health Organization (WHO), over 1.5 million people died from diabetes in the year 2019. As ammonium sulphate plays a major role in protein purification for the production of insulin, the growing incidence of diabetes and increasing need for insulin will bolster the demand in the ammonium sulphate market.
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According to the U.S. Food and Drug Administration (FDA) federal regulation codes, ammonium sulphate is proven safe to be used as an acidity regulator in flours and bread, thus, bolstering confectionery and bakery industries. This is expected to intensify the demand for ammonium sulphate.
Asia Pacific is dominating the global market and held dominant share of 29.03% in 2020. Increasing agricultural production, rise in confectionary food consumption and increasing dependency on nitrogen-based fertilizers are the key factors driving the growth in the region.
“Global leaders in the ammonium sulphate market are increasingly investing in new technology for increasing production rate to cater to the rising demand for surface disinfectants amidst coronavirus outbreak,” says the FMI analyst.
Discover more about the ammonium sulphate market with figures and data tables, along with the table of contents. https://www.futuremarketinsights.com/reports/western-european-buyers-eying-asian-suppliers-for-uninterrupted-ammonium-sulphate-supply-market
Key players are focusing on expanding their manufacturing facilities to cater to the increasing demand for ammonium sulfate in various applications and forming long-term partnerships with end-users to strengthen their supply chain channels. For instance,
Leading players profiled by FMI operating in ammonium sulfate market include:
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More Insights on FMI’s Ammonium Sulphate Market
The latest market study on global ammonium sulphate market by Future Market Insights gives a detailed segmentation for the forecast period of 2021-2031. In order to gain a better perspective of the global market potential, its growth, trends, and opportunities, the market is segmented on the basis of
By Production Process
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Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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