Sodium Bicarbonate Market - Global Industry Analysis

Sodium Bicarbonate Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Chemical & Materials Report Format : PDF Report Code: ZMR-6727 Status : Upcoming

Description

Global Sodium Bicarbonate Market: Overview

Sodium bicarbonate is widely utilized in several domestic and industrial applications. It is basic in nature and possesses the capability to neutralize any acid. Thereby, it is highly adopted in the pharmaceutical sector to prepare antacids. It is also commonly called sodium hydrogen carbonate or baking soda. It's available in a white crystalline granules or powder in the market. Furthermore, it is the key ingredient utilized in preparing several bakery and cleaning products.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Sodium Bicarbonate Market: Growth Factors

The growing demand for convenience food all across the globe, owing to the fast-paced lifestyle, is likely to be the key factor for the growth of the global sodium bicarbonate market in the forthcoming years. For instance, a study concludes that Americans are likely to have processed edible items instead of freshly baked products, which in turn has significantly lowered the prices of food products in the last few years. Nowadays, consumers adopt edible products that are ready to eat and takes less time to bake or cook. As a result, these trends will exponentially propel the demand for convenience food, thereby driving the growth of the market globally. The food sector adopts sodium bicarbonate as an additive to enhance production and shelf life, protect anti-caking, and regulate acidity. Also, it is widely used in several foods including cereals, dairy, snacks, confectionaries, wafers, and crackers. The growing utilization of sodium bicarbonate in the agrochemical sector is further steering the growth due to the practice of washing off pesticides from vegetables & fruits and treating insects in farmland. In addition, it is an eco-friendly natural agent, and that is why it is widely used as a pesticide in agriculture. The government approval in several regions is further supporting the growth of the market. The product is also used in antacids which help in healing several diseases related to asthma, cancer, diabetes, and kidney. It is used in hospitals and pharmacies to eliminate toxic substances in the human body. All these aforementioned factors will significantly accelerate the growth of the global sodium bicarbonate market.

Global Sodium Bicarbonate Market: Segmentation

The global sodium bicarbonate market can be segmented into end-user, form, and region.

By end-user, the market can be segmented into animal feed, agrochemical, personal care, pharmaceutical, industrial, food & beverage, and others.

By form, the market can be segmented into slurry, liquid, crystal, powder, and others. The pharmaceutical segment accounts for the largest share in the global sodium bicarbonate market owing to the high utilization of the product for metabolic acidosis treatment. However, the superior properties of sodium bicarbonate and its availability at low prices will make it an ideal option for pharmaceutical applications. The crystal segment holds the largest share in the global sodium bicarbonate market as it acts as a multifunctional ingredient and is highly utilized as topical cleaning solutions, systematic alkalis, buffering agents, and an electrolyte replenisher. The slurry segment is likely to be the fastest-growing segment in the global sodium bicarbonate market due to its growing applications in the industrial and pharmaceutical sectors. Furthermore, the surging application of sodium bicarbonate in the animal feed sector is likely to spur the demand over the forecasted period. It is adopted in the preparation of supplementary feeds for broilers, pigs, cows, and laying hens as it aids in enhancing digestion and milk fat percentage. It also makes the animal stronger and fuels the yield of milk. The growing demand for meat all across the globe is expected to fuel the demand for animal feed globally. Also, the growing disposable income of people is allowing them to consume more bakery and confectionery products along with processed food items. The expansion of retail channels all around the world is likely to widen the customer base globally.

Global Sodium Bicarbonate Market: Regional analysis

Asia Pacific accounts for the largest share in the global sodium bicarbonate market due to the growing demand for sodium carbonate, particularly from growing economies like China. Also, the growing population is likely to be the crucial factor fuelling the demand for convenience food items and bakery products in the region. The fast proliferating pharmaceutical segment in the region is another factor complementing the growth. The growing living standard of people along with the transformer work culture will further accentuate the growth of the regional market.

North America is the fastest-growing region in the global sodium bicarbonate market due to the high demand for dairy and bakery products in the region.

Global Sodium Bicarbonate Market: Competitive Players

Some of the significant players in the global sodium bicarbonate market are Church & Dwight Co., Inc., Vitro, Hawkins, Inc., Tosoh Corporation, Sequins group, DCW Ltd., GHCL Ltd., Tata Chemicals Ltd., Nirma ltd., and Solvay SA.

Global Sodium Bicarbonate Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The growing demand for convenience food all across the globe, owing to the fast-paced lifestyle, is likely to be the key factor for the growth of the global sodium bicarbonate market in the forthcoming years. For instance, a study concludes that Americans are likely to have processed edible items instead of freshly baked products, which in turn has significantly lowered the prices of food products in the last few years.

Some of the significant players in the global sodium bicarbonate market are Church & Dwight Co., Inc., Vitro, Hawkins, Inc., Tosoh Corporation, Sequins group, DCW Ltd., GHCL Ltd., Tata Chemicals Ltd., Nirma ltd., and Solvay SA.

Asia Pacific accounts for the largest share in the global sodium bicarbonate market due to the growing demand for sodium carbonate, particularly from growing economies like China. Also, the growing population is likely to be the crucial factor fuelling the demand for convenience food items and bakery products in the region.

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