Global Sodium Bicarbonate Market was valued at US$ 1.42Bn in 2019, and is expected to reach US$ 2.03 Bn by 2027, at a CAGR of 4.6 % during forecast period
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Sodium bicarbonate market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in near future to emerging segment in Sodium bicarbonate market.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Sodium bicarbonate is a white solid crystalline powder and commonly known as baking soda. It has a slightly salty, alkaline taste resembling that of washing soda (sodium carbonate). Sodium bicarbonate is manufactured by wet and dry process, generally in a large scale production wet process is used in which sodium bicarbonate is precipitated as crystals by infusing carbon dioxide gas into caustic soda derived by electrolysis to cause a reaction.
Based on the grade, the feed grade accounts the largest market share in the 2017. High demand of Sodium carbonate from animal nutrition industry which produced the animal feed that will grow the market at a significant rate over the forecast period. Whereas, the food grade segment is projected to show a relatively higher CAGR. This is mainly attribute to the increasing use of Sodium bicarbonate in the bakery and confectionary products. The bakery industry will continue to grow in the forthcoming years, which will continue to drive the demand for food grade Sodium bicarbonate.
It has a multitude of uses from everyday goods to pharmaceuticals and beyond. Different grades of sodium bicarbonate that currently available in market. This is primarily to differentiate the usability of the product based on its grade in Food & Beverages, pharmaceutical, and feed. Sodium bicarbonate is primarily used in baking as a leavening agent. Some of its applications in Food & Beverages include chemical leavening agent in ready-to-eat cakes and pastries, odor absorbent, fruit washing agent and cleaning agent.
Food grade sodium bicarbonate (baking soda) is used in processed food items to control pH levels and increase stability and shelf-life. The Food & Beverages segment is expected to remain highly attractive during the forecast period. Over the past few years, consumption of processed and packaged food items has ascended all over the world due to changing lifestyle, which has created flourishing opportunities for different types of food preservatives including sodium bicarbonate. Further, Sodium bicarbonate is used in personal carte product such as deodorizing agent is partly fueling the demand for sodium bicarbonate. The use of sodium bicarbonate substitutes in medical and food applications may promote the growth of the market during the forecast period. However, environmental implications and health hazards of sodium bicarbonate is leading to reduction in usage it may hinder the market.
Based on the region, Asia pacific region is currently commands the largest market share and set to witness at a high CAGR during the assessment period. Demand of sodium bicarbonate from industries such as animal nutrition, food & beverages, personal care & pharmaceuticals, and agriculture in Asia pacific.
North America is the second largest consumer off the sodium bicarbonate owing to increasing demand of sodium bicarbonate from various end-use industries. Whereas, the Europe region is projecting steady growth in the Global Sodium Bicarbonate Market due to the stringent regulations over the production of Sodium Bicarbonate.
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Scope of Global Sodium Bicarbonate Market:
Global Sodium Bicarbonate, by Form
• Solid
• Crystals
• Powder
• Liquid
Global Sodium Bicarbonate, by Grade
• Feed & Food
• Industrial
• Pharmaceutical
Global Sodium Bicarbonate, by End User
• Food & Beverages
• Flue Gas Treatment
• Personal Care & Pharmaceuticals
• Detergents & Cleaning Agents
• Hemodialysis
• Agriculture
• Chemicals
• Textile
• Others
Global Sodium Bicarbonate Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating In Sodium Bicarbonate Market:
• Solvay
• Tata Chemical Ltd.
• CIECH Group
• Sisecam Group
• Church & Dwight Co., Inc.
• Tosoh Corporation
• AGC Inc.
• Novacap
• NATURAL SODA LLC
• KAZAN SODA ELEKTRIK
• Bashkir Soda Company
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Sodium Bicarbonate Market Report published by value market research, it provides a comprehensive market analysis which includes market size, share, value, growth, trends during forecast period 2019-2025 along with strategic development of the key player with their market share.
Further, the market has been bifurcated into sub-segments with regional and country market with in-depth analysis.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the sodium bicarbonate market include AGC Inc, Bashkir Soda Company, Church & Dwight Co., Inc., CIECH Group, KAZAN SODA ELEKTRIK, NATURAL SODA LLC, Novacap, Şişecam Group, Solvay, Tata Chemicals Ltd and Tosoh Corporation.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Sodium Bicarbonate Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/sodium-bicarbonate-market/download-sampleMarket DynamicsThe increasing consumption in the food industry and growing demand from the personal care industry is driving the market growth.
On the flip side, health hazards regarding the consumption of sodium bicarbonate as well as rising competition in the market are expected to limit market growth.
Whereas, the growing use of baking soda as a deodorizing agent in personal care products is expected to create potential opportunity over the forecast period.This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis.
The Global Pharmaceutical Grade Sodium Bicarbonate Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.
The report classifies the market into different segments.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the COVID-19 Impact and Recovery on this industry.Browse the complete Global Pharmaceutical Grade Sodium Bicarbonate Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 @ https://www.decisiondatabases.com/ip/34327-pharmaceutical-grade-sodium-bicarbonate-market-report The report also covers the complete competitive landscape of the global Pharmaceutical Grade Sodium Bicarbonate market with company profiles of key players such as: SolvayTata ChemicalsNovacarb (Novacap Group)TosohGHCL LimitedDr.
The Sodium Bicarbonate Market 2021 research report gives emerging industry data, global segments and regional outlook.
The report generated using various analysis tools like porter’s five forces model, market attractiveness and value chain.
The report gives comprehensive review of the global market helping to club revenue generation and profitable business to transform client’s success.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the sodium bicarbonate market include AGC Inc, Bashkir Soda Company, Church & Dwight Co., Inc., CIECH Group, KAZAN SODA ELEKTRIK, NATURAL SODA LLC, Novacap, Şişecam Group, Solvay, Tata Chemicals Ltd and Tosoh Corporation.
An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Sodium Bicarbonate Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/sodium-bicarbonate-market/download-sampleMarket DynamicsThe increasing consumption in the food industry and growing demand from the personal care industry is driving the market growth.
Whereas, the growing use of baking soda as a deodorizing agent in personal care products is expected to create potential opportunity over the forecast period.This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis.
The latest trending report Global Sodium Bicarbonate Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.
The global Sodium Bicarbonate market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 0.6% in the forecast period of 2020 to 2025 and will expected to reach USD 1732 million by 2025, from USD 1692.8 million in 2019.The Sodium Bicarbonate market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/16893-sodium-bicarbonate-market-analysis-reportMarket segmentationSodium Bicarbonate market is split by Type and by Application.
For the period 2015-2025, the growth among segments provide accurate calculations and forecasts for sales by Type and by Application in terms of volume and value.
This analysis can help you expand your business by targeting qualified niche markets.By Type, Sodium Bicarbonate market has been segmented into Technical grade, Medical grade, Food grade, etc.By Application, Sodium Bicarbonate has been segmented into Feed Industry, Food Industry, Pharmaceutical Industry, Chemicals Industry, Flue Gas Treatment, etc.Regions and Countries Level AnalysisRegional analysis is another highly comprehensive part of the research and analysis study of the global Sodium Bicarbonate market presented in the report.
It also throws light on the progress of key regional Sodium Bicarbonate markets such as North America, Europe, Asia-Pacific, South America and Middle East & Africa.Competitive Landscape and Sodium Bicarbonate Market Share AnalysisSodium Bicarbonate competitive landscape provides details by vendors, including company overview, company total revenue (financials), market potential, global presence, Sodium Bicarbonate sales and revenue generated, market share, price, production sites and facilities, SWOT analysis, product launch.
