Global Ammonium Bicarbonate Market Trends, Forecast Report 2025-2037
Ammonium Bicarbonate Market size was over USD 1.29 billion in 2024 and is projected to reach USD 2.04 billion by 2037, witnessing around 3.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of ammonium bicarbonate is assessed at USD 1.32 billion.
The ammonium bicarbonate market is primarily driven by its use as a raw material in fire extinguishers. Fire extinguisher preparations in 2022 were the world's 1101st most traded product according to OEC, accounting for a total trade value of USD 335 million. In 2022 the fire extinguishers preparations export rate grew to USD 335 million from USD 281 million in 2021, a CAGR of 19.2%, and represented 0.0014% of the overall world trade. The U.S. recorded an export value of USD 77.7 million, marking the top exporter of fire extinguisher preparations, while Canada remained the top importer with a value of USD 20.2 million in 2022. The U.S. world import trade flow in 2023 as per the WTIS was USD 239,309.34, which comprised USD 147,812.82 from Mexico, USD 38,811 from Hungary, and USD 14,831 from China. The high global trade value of fire extinguishers is directly influencing the growth of ammonium bicarbonate as a potential raw material.
The ammonium bicarbonate market dynamics are proportionately influenced by the global supply chain of anhydrous ammonia. In 2022, ammonia was the world's 250th most traded product and held a total trade value of USD 17 billion, registering a 62% year-on-year growth, and anhydrous ammonium, an ammonium bicarbonate raw material grew by 63.6% in 2022. According to the OEC, the key exporters of anhydrous ammonia include Trinidad and Tobago (USD 3.53 billion), Saudi Arabia (USD 2.3 billion), Indonesia (USD 1.83 billion), Algeria (USD 1.27 billion), and Canada (USD 1.1 billion). Furthermore, public and private initiatives and strategies to incentivize domestic production of green fossil fuels are facilitating the proliferation of low-carbon ammonia and its byproducts including ammonium bicarbonate for cultivators. For instance, in September 2024, the U.S. Loan Program Office (LPO) announced a commitment to finance USD 1.559 billion for commercial-scale waste-to-ammonia facilities to promote sequestration and carbon capture technologies.
Ammonium Bicarbonate Sector: Growth Drivers and Challenges
Growth Drivers
- Massive boom in the agriculture sector and fertilizer demand: Ammonium bicarbonate as a pesticide active ingredient acts as a feeding attractant for insects and is commonly used to control olive flies in orchards. The exponential rise in the value addition by agriculture segment to the global gross domestic product (GDP) is directly fueling the ammonium bicarbonate market growth. According to the Bureau of Economic Analysis, food, agriculture, and related sectors approximately contributed USD 1.537 trillion to the U.S GDP in 2023, a 5.5% share. The U.S. farm output was USD 22.3 billion, which was 0.8% of the GDP. Other agriculture related sectors comprise food and beverage production and storage, food textiles, leather products, fishing, and forestry.
The U.S. Department of Agriculture (USDA) states that 22.1 million part- and full-time employment in 2022 were food and agriculture-related in the country, contributing to 10.4% of the total employment. On-farm jobs accounted for about 2.6 million and 1.2% of the U.S. employment. Rapid urbanization and crop cultivation mandate the availability of necessary approved resources. Ammonium bicarbonate is FDA approved pesticide and is regarded as inert by the EPA, without potential toxic endpoints. As per the EPA, ammonium bicarbonate for agriculture will lead to negligible human exposure to ammonium side effects based on current usage.
Furthermore, the total trade value of fertilizers in 2022 was USD 143 billion, marking a yearly export growth rate of 46.7%, from USD 97.4 billion to USD 143 billion. The top fertilizer exporters, including ammonium nitrate made using ammonium bicarbonate include Russia (USD 18.7 billion), Canada (USD 14.5 billion), China (USD 12.7 billion), the U.S. (USD 8.19 billion), and Morocco (USD 7.92 billion). A 2024 OSTI report disclosed the U.S. ammonium nitrate fertilizer production capacity of 6200 Kilotons in 2022. - Rising demand from baking end user segment: The growing food sector, which uses ammonium bicarbonate as an active baking agent to produce baked products like cookies and biscuits, is what propels the ammonium bicarbonate market. Furthermore, during the projected time, the product's highest quality standards are anticipated to support market expansion. Furthermore, the product is being widely utilized in end-use industries, including the leather and rubber sectors, among others. The U.S. expenditures on food ascribed to 12.9% in 2023 of each household spending, which is a 12.8% surge from 2022. Moreover, the household expenditure share on food was third behind housing at 32.9% and transportation at 17.0%. Compared with 2022, the surge in consumer spending on baking products and backed goods is providing an impetus to the ammonium bicarbonate market growth.
Challenge
- Rising environmental concerns and supply chain disruptions: Ammonium bicarbonate is associated with emissions of ammonia during manufacturing and use which raises environmental and regulatory challenges, affecting global sales. Another factor that can affect the ammonium bicarbonate market expansion is the global trade issues and geopolitical tensions can impact the overall distribution. In addition, dependency on raw materials and fluctuating prices in the supply chain can create cost unpredictability.
Ammonium Bicarbonate Market: Key Insights
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
3.6% |
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Base Year Market Size (2024) |
USD 1.29 billion |
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Forecast Year Market Size (2037) |
USD 2.04 billion |
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Regional Scope |
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Ammonium Bicarbonate Segmentation
Application (Solvent, Raising Agent, Leavening Agent, Nitrogen Fertilizer)
In terms of application, the leavening agent segment in the ammonium bicarbonate market is set to hold the largest revenue share of 60% during the period of 2025-2037. In the food and beverage industry, ammonium bicarbonate is widely used as a bleaching agent. It is a key ingredient in baking cookies, biscuits, pastries, and cakes. According to a January 2024 U.S. Bureau of Labor Statistics report, over 57% of people spend time baking goods as a leisure activity, an average of 53 minutes per day in the U.S.
End use (Food Industry, Agriculture, Pharmaceutical, Textile, Ceramic, Rubber and Leather Agent)
Based on end users, the food & beverage segment in ammonium bicarbonate market is anticipated to hold the highest CAGR through 2037, owing to its high adoption in the food sector. The increasing demand for clean-label food additives is a driving force behind their use as pH regulators and leavening agents in meat processing. In addition, its antibacterial properties provide a healthy alternative to harsh chemicals and are becoming increasingly popular in the growing market for natural cleaning products.
Our in-depth analysis of the global ammonium bicarbonate market includes the following segments:
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Grade |
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Application |
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End use |
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Customize this ReportAmmonium Bicarbonate Industry - Regional Synopsis
APAC Market Forecasts
The ammonium bicarbonate market in Asia Pacific is set to hold the highest revenue share of 33% by the year 2037. The global food industry is mainly driven by rising demand for health foods. The survey conducted by Global Data in the fourth quarter of 2023 shows a marked shift towards health in food shopping, with 62% of Asia Pacific consumers prioritizing healthcare. The growth of the global food industry is also strongly influenced by packaged and ready-for-consumption foods in advanced as well as developing regions. Surging urbanization is also one of the leading driving factors for this market growth. One of the major drivers for the Asia Pacific market over the next few years will be increased food demand and population growth.
India is estimated to hold a prominent ammonium bicarbonate market share during the forecast period. The demand for ammonium bicarbonate and specialty chemicals is primarily driven by growth in end uses such as agriculture, food processing, home care, and personal care. The exports of inorganic and organic chemicals were USD 14.09 billion in April-September 2024, while the demand for chemicals and petrochemicals will triple, surpassing USD 1 trillion by the end of 2040. India has emerged as the 6th largest chemical manufacturer globally and 3rd in Asia Pacific, which contributes 7% to the country’s GDP. Furthermore, with foreign companies seeking to de-risk their ammonium bicarbonate supply chains from China, the chemical sector including ammonium carbonate and bicarbonate in India showcases an opportunity for growth. ​Additionally, the IBEF estimates an investment of USD 107.38 billion is estimated in the country’s chemicals sector by the end of 2025.
North America Market Statistics
The North America ammonium bicarbonate market is set to account for substantial revenue share by 2037. Given the increasing demand for packaging food and well-established pharmaceutical industry in the region, North America is expected to have a major impact on global market growth over the forecast period. Furthermore, the expanding pharmaceutical industry and growing use of ammonium bicarbonate in antacids and cough syrups are set to drive market growth. Growing focus on sustainable agriculture and the use of ammonium bicarbonate as a nitrogen source and for pH control will impact the market expansion.
The U.S. ammonium bicarbonate market is projected to witness massive growth till 2037, owing to rising government focus on decoupling from the dependence on foreign entities for agriculture and raw materials. In December 2024, USDA announced investment of USD 116 million as part of Fertilizer Production Expansion Program (FPEP) to consolidate market competition, lower fertilizer and other resource expenditure for U.S. farmers and lower food costs for consumers. The FPEP will focus on expanding fertilizer production capability, including ammonium bicarbonate in California, Georgia, Colorado, Indiana, Kansas, Iowa, Michigan, Wisconsin, and Oklahoma.
Companies Dominating the Ammonium Bicarbonate Landscape
- BASF SE
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- UBE Corporation
- MCF
- Shandong ShunTian Chemical
- Anhui Jinhe
- Haoyuan Chemical
- Anhui Huaertai Chemical
- Jinshi Group
- Sanning Chemical
- Huaqiang Group
- Bion Environment Technologies Inc
The demand for nitrogen has increased at a rampant rate in the past few decades. The global nitrogen produced capacity reached 56.9 Mt in 2022 and is estimated to surpass 170.7 Mt by the end of 2027, exhibiting a 9% growth rate. Ammonium bicarbonate is identified as a key raw material for the nitrogen production. The market players are capitalizing on the surging demand for nitrogen-based fertilizers are adopting strategic initiatives, where a rebound in manufacturing capacity is projected to be observed new construction of ammonia plants. Some of the key players operating in the ammonium bicarbonate market include:
In the News
- In August 2023, improvements in ammonia synthesis with renewable energy sources were reported by the Japan Science and Technology Agency (JST). The environmental effect of conventional ammonia production may be lessened thanks to techniques researchers have devised to create ammonia, a crucial component of ammonium bicarbonate, using sustainable technologies.
- In April 2024, a joint venture to create a green ammonia production project in India was announced by JERA Co. and ReNew Power. In order to support international efforts to reduce carbon emissions, the project intends to use renewable energy sources to manufacture about 100,000 tons of green ammonia yearly, which it will then supply to Japan.
Author Credits: Rajrani Baghel
- Report ID: 5689
- Published Date: Jan 08, 2025
- Report Format: PDF, PPT
