Sodium Bicarbonate Market Size Analysis, Growth Forecast to 2028

[Research Report] The sodium bicarbonate market is expected to grow from US$ 1,596.37 million in 2021 to US$ 2,133.33 million by 2028; it is expected to grow at a CAGR of 4.3% from 2021 to 2028.

Sodium bicarbonate is commonly known as baking soda or bicarbonate of soda. It is a chemical compound with the formula NaHCO₃. There is a wide range of applications of sodium bicarbonate. It is widely used in food & beverages, chemical, pharmaceutical, agriculture, and cosmetic & personal care industries.

In 2021, Asia Pacific held the largest revenue share of the global sodium bicarbonate market. The increasing use of sodium bicarbonate in various applications such as animal feed, bakery food, cleaning products, and cosmetic products is mainly driving the market growth in Asia Pacific. Rising disposable income is associated with elevated consumer demand for different bakery products. Moreover, improving socio-economic standards and large-scale development of the digital & manufacturing sectors are leading to high demand for cosmetic products in countries such as India. The cosmetics industry in the region is growing faster, with many people buying personal care and beauty products. Hence, the demand for sodium bicarbonate is increasing as it is used in toothpastes, deodorizers, face packs, face cleansing foams and gels, and cosmetic powders in the cosmetic & personal care industry.

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Sodium Bicarbonate Market: Strategic Insights

Sodium Bicarbonate Market

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  CAGR (2021 - 2028)

  4.3%
• Market Size 2021
  US$ 1.6 Billion
• Market Size 2028
  US$ 2.13 Billion

Market Dynamics

GROWTH DRIVERS

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FUTURE TRENDS

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OPPORTUNITIES

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Key Players

• Solvay S.A.
• Tosoh Corporation
• Church & Dwight, Inc.
• Si?ecam
• AGC Inc.
• Ciech S.A.
• Tata Chemicals
• Ciner Group
• Bashkhim Group

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Grade

• Food Grade
• Pharmaceutical Grade
• Feed Grade
• Technical Grade and Others

Form

• Powder and Liquid

End User

• Food & Beverages
• Pharmaceutical
• Agriculture
• Chemical
• Cosmetic & Personal Care
• Textile & Leather
• Homecare
• Others

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• Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Impact of COVID-19 Pandemic on Sodium Bicarbonate Market

The COVID-19 pandemic has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. In 2020, various industries had to slow down their operations due to disruptions in value chains caused by the restrictions on national and international boundaries. The pandemic disturbed manufacturing processes and created raw materials supply chain disruptions due to restrictions imposed by government authorities. The COVID-19 pandemic forced people to stay inside their homes. People had turned to improve their culinary skills in the extra time. Many people have started indulging in baking and cooking activities. This has created a demand for different bakery ingredients, including sodium bicarbonate.

Various industries are also overcoming the challenges related to the supply chain disruptions of their raw materials. Therefore, the demand for sodium bicarbonate is increasing in different industries.

Market Insights

Rising Consumption of Baked Food

Sodium bicarbonate is one of the most commonly used ingredients in baking. It can be used as a leavening agent, pH buffer, and effervescent agent in bakery industries. Bread, biscuits, cakes, pies, and pastries are among the most common products in the baking industry globally. Bread is a staple food in many European countries. Organic bread is also becoming extensively popular. In terms of organic bread, Germany is becoming one of the largest markets in Europe. Germany has a wide variety of bread due to the country's climatic conditions. It has a climate that allows all kinds of grain to be cultivated. The bakery industry in the US is well-established. Further, the baked goods industry in Australia is growing as consumers continue to buy a wide variety of high-quality, freshly baked food products owing to the increasing desire for healthy food options. Therefore, the surging consumption of baked food is driving the global sodium bicarbonate market.

Grade Insights

Based on grade, the global sodium bicarbonate market is segmented into food grade, pharmaceutical grade, feed grade, and technical grade and others. The technical grade and others segment held the largest share in the global sodium bicarbonate market in 2021. Technical grade sodium bicarbonate is commonly used for commercial and industrial purposes. It is utilized in different applications, including chemical synthesis, dyes, leather, fire extinguishers, water and wastewater treatment, plastic molding, ceramics, textile, waste gas desulphurization, and paper production.

End User Insights

Based on end user, the global sodium bicarbonate market is segmented into food & beverages, pharmaceutical, agriculture, chemical, cosmetic & personal care, textile & leather, homecare, and others. The food & beverages segment held the largest share in the global sodium bicarbonate market in 2021. Sodium bicarbonate is an essential ingredient in the food & beverages industry. It is a valuable buffer and neutralizer in beverages. In several soft drinks, sodium bicarbonate is used as a source of CO2.

Solvay S.A.; Tosoh Corporation; Burwell Technologies; All Chemical Manufacturing & Consultancy Pty Ltd; Pon Pure Chemicals Group; Church & Dwight, Inc.; Sişecam; AGC Inc.; Ciech S.A.; and GHCL Limited are a few of the major players operating in the global sodium bicarbonate market. Market players are focused on providing high-quality products to fulfill customer demand.

Report Spotlights

• Progressive industry trends in the sodium bicarbonate market to help players develop effective long-term strategies
• Business growth strategies adopted by developed and developing markets
• Quantitative analysis of the sodium bicarbonate market from 2020 to 2028
• Estimation of global demand for sodium bicarbonate
• Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry
• Recent developments to understand the competitive market scenario
• Market trends and outlook, as well as factors driving and restraining the growth of the sodium bicarbonate market
• Assistance in the decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
• The size of the sodium bicarbonate market at various nodes
• Detailed overview and segmentation of the market, as well as the sodium bicarbonate industry dynamics
• Size of the sodium bicarbonate market in various regions with promising growth opportunities

Sodium Bicarbonate Market Report Scope

Download Free Sample

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• Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Global Sodium Bicarbonate Market, by Grade

• Food Grade
• Pharmaceutical Grade
• Feed Grade
• Technical Grade and Others

Global Sodium Bicarbonate Market, by Form

• Powder
• Liquid

Global Sodium Bicarbonate Market, by End User

• Food & Beverages
• Pharmaceutical
• Agriculture
• Chemical
• Cosmetic & Personal Care
• Textile & Leather
• Homecare
• Others

Company Profiles

• Solvay S.A.
• Tosoh Corporation
• Burwell Technologies
• All Chemical Manufacturing & Consultancy Pty Ltd
• Pon Pure Chemicals Group
• Church & Dwight, Inc.
• Sişecam
• AGC Inc.
• Ciech S.A.
• GHCL Limited