Sodium Bicarbonate Market is projected to rise at a CAGR of 4.3% over the Forecast period, 2022-2029.
The factors driving the growth of Sodium Bicarbonate Market includes increasing application of sodium bicarbonate in the end-use industries such as pharmaceutical, agrochemicals and processed food, rising focus by manufacturers on delivering high-quality end-use products and growing demand for skin care and personal care products around the world. Moreover, Government policies mandating the use of sodium carbonate ingredients, increasing consumption of meat across the world, rising consciousness amongst consumers about maintaining personal health and hygiene and expansion of the e-commerce industry, are some of the additional factors supplementing the Sodium Bicarbonate Market size. In addition, the growing adoption of advanced technologies by manufacturers, availability of sodium bicarbonate ingredients at offline and online retail channels and increasing investments by leading players on research and development, are further contributing towards the market growth.
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However, growth of the Sodium Bicarbonate Market is hindered due to disruptions in the global supply chains.
The major players operating in the market are Tata Chemicals Ltd., GHCL Limited, Ciech S.A., Solvay SA, Merck KGaA, Nirma Limited, Hawkins, Inc., DCW Limited, Seqens Group and Tosoh Corporation, among others.
Based on Form, the Powder segment is predicted to grow at a significant CAGR during the forecast period
Sodium Bicarbonate acts as a key ingredient in the baking powder along with growing demand for powdered form of NaHCO3 in chemical, leather & dyeing and pharmaceutical industries, are some of the factors responsible for the segment’s growth.
Based on End-Use, the Processed Food segment is projected to grow at a higher CAGR over the forecast period
Growing demand for baking soda products in the food and beverage industry and increasing use sodium bicarbonate for making cookies, cakes, and donuts, are propelling Global Sodium Bicarbonate Market.
Based on Region, the Asia-Pacific region is anticipated to grow at a remarkable CAGR during the forecast period
As per the Sodium Bicarbonate Market Report, presence of major companies such as Nirma Limited, Tata Chemicals Ltd. and DCW Limited, growing demand for skincare and personal care products, rising per capita income and high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific region.
Key Development
- In 2019, Solvay SA has announced to enhance its sodium bicarbonate production capacity by 200 kilotonnes in its Devnya plant in Bulgaria by 2020, which will enable the company to produce SOLVAIR sorbents, sodium-based solutions that treat exhaust gases from factories and ships.
Market Segmentation
Segmentation by Grade Type
- Pharmaceutical Grade
- Technical Grade
- Food Grade
- Feed Grade
Segmentation by Form
- Powder
- Pellets
- Slurry
- Liquid
Segmentation by End-Use
- Processed Food
- Pharmaceuticals
- Personal Care Products
- Chemicals
- Agrochemicals & Nutrients
- Detergent
- Fire Extinguisher
- Leather & Dyeing
- Others
Segmentation by Region
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
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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.
