Global Sodium Bicarbonate Market is expected to expand at a CAGR of 4.3% over the forecast period 2022-2029 attributed to growing demand for sodium bicarbonate from different industries worldwide.
Main Sodium Bicarbonate Market Drivers
Major factors driving sodium bicarbonate market are growing demand for convenience food products, increasing use of sodium bicarbonate to bake cookies and biscuits and rising investments by companies for developing high-quality variants. Sodium bicarbonates are used in different industries such as food and beverage, pharmaceutical, agrochemical and personal care due to its abrasive and cleaning and odour-neutralizing features. Demand for convenience food products has increased significantly in recent years due to hectic lifestyles, increasing urbanization and changes in the eating habits of consumers. Sodium bicarbonate is increasingly used in convenience food like cookies and muffins. Since the demand for convenience food items are increasing rapidly in the food and beverage industry, application of sodium bicarbonate is projected to increase in future in convenience food items.
Increasing use of sodium bicarbonate in the antacid medicines for treating heartburn and acid indigestion coupled with high basicity and non-toxic nature of sodium bicarbonate, are boosting the market growth. However, strict regulations imposed by governments on the production of pharmaceutical grade sodium bicarbonate, is restricting the market growth.
Based on Grade Type, Technical segment is forecast to hold a major share in the market.
Increasing application of sodium bicarbonate in extinguisher, dyes, and detergents, is accelerating the segment’s growth. In paramedical industry sodium bicarbonate find its application in as active pharmaceutical ingredients to treat hemodialysis, metabolic acidosis, and diabetes.
Based on Form, Powder segment is projected to hold the largest sodium bicarbonate market share attributed to growing application of sodium bicarbonate in baking powder.
Increasing application of powdered sodium bicarbonate in food and beverage and pharmaceutical industries due to its crystalline nature is augmenting the segment’s growth.
End-Use: Segment Analysis
Sodium bicarbonate is used in baking soda as leavening agent to give dough or batter a fluffy texture. Increasing use of baking soda for making donuts, pancakes, waffles and rolls, is accelerating the demand for sodium bicarbonate in global food and beverage industry.
As per sodium bicarbonate market report, Asia-Pacific region is estimated to a capture a significant share.
Asia-Pacific sodium bicarbonate market is propelled by rapid growth in pharmaceutical industry, growing use of sodium bicarbonate in chemicals and cosmetic products and rising per capita incomes. Asia-Pacific region is home to some of the major sodium bicarbonate manufacturing companies such as Tata Chemicals Ltd., Tosoh Corporation and DCW Limited. North American sodium bicarbonate market is driven by surge in the demand for personal care products, increasing research and development initiatives by companies and government financing programs.
Top Market Players
Some of the leading players operating in the sodium bicarbonate market are Ciech S.A., DCW Limited, Seqens Group, Solvay SA, Merck KGaA, Nirma Limited, Tosoh Corporation, Tata Chemicals Ltd., GHCL Limited and Hawkins, Inc., among others.
• In April 2020, GHCL, an Indian chemical company announced its plans to invest between around INR 3,000-3,500 crore, for establishing soda ash manufacturing facility in Gujrat.
• In June 2020, Tata Chemicals, a major chemicals company based out of India announced that it has recognized its business under 4 verticals namely Nutritional Sciences, Material Sciences, Agri Sciences and Energy Sciences to develop a science and chemistry focussed enterprise.
• In September 2019, Solvay SA, a leading chemicals company headquartered in Belgium unveiled its plans to increase production capacity of sodium bicarbonate by 200 kilotonnes in Devnya plant. Company will manufacture SOLVAIR sorbents, a sodium-based solution in this plant, which is used to treat exhaust gases coming factories and ships.
Segmentation by Grade Type
o Pharmaceutical Grade
o Technical Grade
o Food Grade
o Feed Grade
Segmentation by Form
Segmentation by End-Use
o Processed Food
o Personal Care Products
o Agrochemicals & Nutrients
o Fire Extinguisher
o Leather & Dyeing
Segmentation by Region
• Asia Pacific
o Rest of APAC
• North America
o United States of America
o United Kingdom
o Rest of Europe
o South Africa
o Saudi Arabia
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