[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
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Sodium Bicarbonate Market: Strategic Insights
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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 Regional Insights
The regional trends and factors influencing the Sodium Bicarbonate Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Sodium Bicarbonate Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
- Get the Regional Specific Data for Sodium Bicarbonate Market
Sodium Bicarbonate Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 1.6 Billion |
| Market Size by 2028 | US$ 2.13 Billion |
| Global CAGR (2021 - 2028) | 4.3% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Grade
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Sodium Bicarbonate Market Players Density: Understanding Its Impact on Business Dynamics
The Sodium Bicarbonate Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Sodium Bicarbonate Market are:
- Solvay S.A.
- Tosoh Corporation
- Church & Dwight, Inc.
- Si?ecam
- AGC Inc.
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the Sodium Bicarbonate Market top key players overview
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
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Grade, Form, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
What is the key driver for the growth of the global sodium bicarbonate market?
The sodium bicarbonate market is expanding as a result of rising consumer demand for convenience foods. Its usage in baked products such as bread, biscuits, and cakes is driven by its capacity to neutralise acidic conditions and maintain a stable PH level in food. Additionally, sodium bicarbonate's low environmental impact and lower manufacturing costs are advantageous to baking soda manufacturers.
Which application segment is expected to account for the fastest growth in the global sodium bicarbonate market?
During the forecast period, the agriculture segment is expected to be the fastest-growing segment. Using sodium bicarbonate in agrochemicals is driven by treating insects in farmlands and washing pesticides from fruits & vegetables. Moreover, it is environment friendly natural agent therefore used in the form of pesticides in agricultural farm which is expected to accelerate sodium bicarbonate market demand during the forecast period.
In 2021, which form segment accounted for the largest share in the sodium bicarbonate market?
In 2021, the powder held the largest market share. The powder form of sodium bicarbonate is widely used in baking products such as cakes, biscuits, and bread. It is also used as a cleansing agent due to its mild disinfectant properties. Moreover, animal feed and fire extinguishers' applications led to the powder segment's dominance in 2021.
In 2021, which grade segment accounted for the largest share in the sodium bicarbonate market?
In 2021, the technical grade and others segment held the largest market share. Increasing usage of technical grade sodium bicarbonate for applications such as chemical synthesis, dyes, leather, fire extinguishers, water treatment, and plastic moulding has led to the dominance of technical grade and others segment in the sodium bicarbonate market.
Can you list some of the major players operating in the global sodium bicarbonate market?
The major players operating in the sodium bicarbonate market are Solvay S.A., Tosoh Corporation, Church & Dwight, Inc., SiÅŸecam, AGC Inc., Ciech S.A., Tata Chemicals, Ciner Group, Bashkhim Group, and Novacap Group.
In 2021, which region held the largest share of the global sodium bicarbonate market?
In 2021, Asia-Pacific accounted for the largest share of the global sodium bicarbonate market. Growing demand from different end-use industries, including food and beverages, animal feed, pharmaceuticals, and textiles, led to the dominance of the Asia Pacific region in 2021.
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The List of Companies - Sodium Bicarbonate Market
- Solvay S.A.
- Tosoh Corporation
- Church & Dwight, Inc.
- Si?ecam
- AGC Inc.
- Ciech S.A.
- Tata Chemicals
- Ciner Group
- Bashkhim Group
- Novacap Group
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