Ammonium Acetate Market Size, Share and Industry Analysis Report, Regional Outlook, Application Development Potential, Competitive Market Share & Forecast, 2023 – 2032

Ammonium acetate market size is anticipated to register a significant growth rate over 2023-2032, given the strong application scope of the product as a functional additive in the processed food & beverage sector. Ammonium acetate is derived through the reaction of acetic acid and ammonia. Appearing as a white-colored crystalline solid, the product is used extensively in food preservation, pharmaceuticals, and chemical analysis, among other applications.
 

Ongoing efforts towards the development of new drug formulations like insulin are one of the key factors driving industry growth. For instance, in February 2023, ProDigest (Belgium) and Clasado Biosciences collaborated to emphasize the modifying effects of Bimuno GOS, a prebiotic component, on short-chain fatty acids (SCFA), ammonium, branched short-chain fatty acids (bSCFA), and pH. This new research further reinforces the crucial significance of prebiotics in maintaining gastrointestinal and immunological health.
 

Development such as these could boost the requirement for pharmaceutical-grade ammonium acetate, which is used in the production of drugs. However, certain issues linked with ammonium acetate buffers in labs, such as MS sensitivity-related complexities and increased HPLC-MS backpressures following overnight storage could restrict industry growth to some extent.
 

The ammonium acetate market share from the agriculture grade segment is anticipated to gain traction due to its increasing application in agricultural pesticides as an initial raw material, buffering agent and reactant. Moreover, the rising adoption of pesticides across agricultural economies such as India to minimize output losses and labor costs are likely to promote the industry growth through 2032.
 

The ammonium acetate industry from the food segment is estimated to garner commendable growth over the estimated timeline. This is driven mainly by the vast application scope of ammonium acetate in the food sector. Ammonium acetate can be used for various purposes such as a nutritional supplement, as an acidity regulator in food additives, as an anti-caking agent in flour, or as a pH regulator and buffer.
 

Regionally, the North America ammonium acetate industry is expected to gain lucrative growth by 2032, on account of the escalating product usage as a de-icing solution across countries with extremely cold weather conditions. De-icing agents like road salt are normally used to prevent ice and snow deposits on roads during winter. These products can however be hazardous to environmental health, thereby inciting the use of biodegradable alternatives like ammonium acetate as de-icing agents in countries like Canada.
 

The global ammonium acetate market key players include NASi, Wuxi Yangshan Biochemical Co., Ltd., Niacet (Kerry Group), Tianmen Chutian Fine Chemical Co., Ltd., Jarchem, Langfang Tianke Biotechnology Co., Ltd, Shijiazhuang Runhong Technology Co., Ltd, Anhui Hongyang Chemical Co., Ltd, Victor Chemical, Jiangsu Jiatai Chemical Co., Ltd and Shandong Zhonghe Hengyuan Chemical Co., Ltd. Collaborations, partnerships, and expansions are some of the key initiatives being undertaken by these entities to boost market presence.
 

Impact of the Russia-Ukraine war on the Ammonium Acetate Market

The ongoing Russia-Ukraine war has hindered the ammonium acetate market growth since the production of ammonia requires natural gas and some factories have cut production rates or closed owing to high prices. The war in Ukraine has also had an impact on the source of ammonia from the Black Sea, since the main pipeline from Russia to Yuzhny was blocked. Hence, the high manufacturing costs and a scarcity of ammonia has slowed down the ammonium acetate industry expansion.
 

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