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Ammonium phosphatide is any ammonium salt of a phosphorylated glyceride, which is produced from rapeseed oil. It can also be synthetically produced without the use of water. Ammonium phosphatide is primarily used as an emulsifier in the chocolate industry. Additionally, it is used as alternative to lecithin and provides the manufacturers with better viscosity control, ensuring consistent quality and fulfilling the requirements of the product.
The coronavirus pandemic adversely impacted the food & beverages industry. The virus has made most of the restaurants and other major outlets to shut down to prevent the spread of the virus. The global lockdown has made the population to reduce their outside eating habits, which, in turn, reduced the demand for processed foods. The ‘stay home’ policy by governments further reduced the demand for food & beverages across the globe. As ammonium phosphatides play a major role in the food industry, its demand is expected to reduce drastically during this time of crisis. However, this decline in demand is considered temporary and is expected to increase once the pandemic is over.
Increase in applications of ammonium phosphatide in ice cream coatings is expected to augment the market growth. Moreover, ammonium phosphatide further finds application in the production of vegetable fat-based coatings.
The global market is expected to grow significantly due to increase in demand for ammonium phosphatide in confectionary products. Ammonium phosphatide is cost-saving and energy-efficient compared to most of the chocolate manufacturers. Additionally, rise in demand for low-fat and low-calorie products across the globe forces chocolate manufacturers to adopt ammonium phosphatide instead of lecithin. Majority of the global market growth is due to increase in demand for chocolate across the globe. However, rise in demand for natural unprocessed products due to various health issues is expected to hinder the ammonium phosphatides market over the forecast period.
The global ammonium phosphatides market has been segmented into seven key regions such as North America, Western Europe, Eastern Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America and Western Europe are the market leaders of ammonium phosphatides, and are expected to maintain their dominance over the forecast period. This growth is attributed to the increased number of chocolate manufacturers in the region. The Asia-Pacific ammonium phosphatide market is also expected to grow significantly over the forecast period due to increase in demand for chocolate-based confectionary products in the region. The Middle East & African countries also have high preferences for confectionary products, which increase the product demand in the region.
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