Sodium Bicarbonate Market Size By Form (Crystal/Powdered Crystal, Liquid, Slurry), By End-user (Food & Beverage, Industrial, Pharmaceutical, Personal Care, Agrochemical, Animal Feed), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, China, India, Japan, Australia, Indonesia, Brazil, Mexico, GCC, South Africa), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024
Published Date: Jan 2018 | 200 Pages | Report ID: GMI2386 | Authors: Kiran Pulidindi, Soumalya Chakraborty Report Format: PDF
Sodium Bicarbonate Market size was over USD 6 billion in 2016 and will grow at more than 4.9% CAGR over the projected period.
U.S. sodium bicarbonate market size, by end-user, 2013 - 2024 (USD Million)
Get more details on this report by requesting a free sample copy
Sodium bicarbonate is commonly used as baking soda in food and beverage and animal feed. High consumption of grains, dairy, sugar, meat and fish products increases the body acid level which results into several health problems. Consumption of baking soda which is commonly used term for sodium bicarbonate in food & beverage industry, neutralizes the acidic level of body and reduces the risk of several diseases such as arthritis, digestive disorder, heartburn and stomach upset. Application of sodium bicarbonate in wide range of products such as dairy, beers, ciders, cereals, noodles, confectioners, pretzels, etc. will drive the market. Further its excellent properties such as enhancing cakes volume, will positively influence the global sodium bicarbonate market.
Application of agrochemical is rapidly growing with increasing crop cultivation due to rising population especially in Asia Pacific region. Usage of sodium bicarbonate in agrochemical is driven by practice of treating insects in farmlands and washing pesticides from fruits & vegetables. Furthermore, it is environment friendly natural agent therefore used in the form of pesticides in agricultural farm which will accelerate sodium bicarbonate market demand over the coming years.
Exceptional properties of sodium bicarbonate such as neutralizing agent, antacid, cleaning agent, effervescence and excellent exfoliation and others makes it an ideal product for application in personal care. Moreover, owing to its antibacterial and absorbent features is used in various products in personal care industry such as acts as an absorbent in deodorants, cleanses the mouth, used in tooth paste etc. Therefore, such properties enhance the application of the sodium bicarbonate in personal care, oral care and few medical care products.
Market is challenged by side effects and complications on consumption of sodium bicarbonate to human health. It is not recommended for treating serious illnesses as sodium bicarbonate may cause certain medical emergencies when consumed in higher quantity. For instance, consumption for longer duration can cause allergic reactions, such as skin rashes or itching, swelling of the face, and difficulty in breathing. Therefore, restriction on the use of sodium bicarbonate in certain medical conditions like kidney disorders, heart diseases, and low level of potassium in the blood and high blood pressure will negatively impact sodium bicarbonate market over the forecast period.
Increasing application of yeast and sodium acetate over sodium bicarbonate in pharmaceutical, food & beverage, and home care industries will hinder sodium bicarbonate market growth. It has the least harmful effects on human consumption, making it an ideal application for the food industry which may decelerate market growth over projected timeframe. These products act as substitutes for sodium bicarbonate mainly few industries.
Sodium Bicarbonate Market, By Form
Crystal/powdered crystal product segment held the highest sodium bicarbonate market share in terms of revenue. It is majorly used in various food products and agrochemical items. Increasing consumption of sodium bicarbonate in food & beverage and agrochemical industry is augmenting the demand for Crystal/powdered crystal product segment. Further major consumption of sodium bicarbonate is done in crystal/powdered crystal which is growing the market by CAGR of over 5.5% in forecast period.
Liquid product segment is growing with a CAGR of 4.6% by 2024. High volume consumption of sodium bicarbonate in industrial, personal care and others is expected to augment the demand for liquid segment over the projected period. Slurry form type is witnessing sluggish growth owing to increasing application of substitutes products.
Sodium Bicarbonate Market, By End-user
Food and beverage industry is significantly growing with CAGR of 5.3%, growing consumption of sodium bicarbonate in various food item such as bakery products will positively influence the sodium bicarbonate market. Shift in consumer food habitat toward meat, dairy and other heavy food item is disturbing the body pH level which is encouraging the need of sodium bicarbonate. Thus, change in consumer food habitat is favoring the consumption of sodium bicarbonate in food & beverage industry.
Agrochemical market is growing at positive rate owing to increasing usage of these products in pest killing agrochemical products such as pesticides and insecticides. Rising demand for agrochemical in Asia Pacific countries will drive the market growth.
Sodium Bicarbonate Market, By Region
Asia Pacific sodium bicarbonate market size is determined to venture high market share by end of 2024. This is largely due to increasing consumption of sodium bicarbonate in food & beverage and agrochemical industry. Increasing population in the region is growing the demand across several end-user industries which will positively impact global sodium bicarbonate market. China majorly dominates the market with a CAGR of 6.2% owing to high consumption volume in end-user industry coupled with increasing percentage of agricultural land.
Competitive Market Share
Prominent sodium bicarbonate market players are Vitro, S.A.B. de C.V., Solvay Specialty Polymers USA, LLC, Natural Soda, LLC, Tosoh Corporation, Blastrite, Crystal Mark, Inc., Tata Chemicals Limited, Opta Minerals Inc, FMC Corporation and Haohua Honghe Chemical Co., Ltd. Sodium bicarbonate market share manufacturers are strategically involved in production activities for meeting the demand of serval end-user industries. For instance, Solvay Specialty Polymers USA, LLC enhanced their production facility in Thailand, similarly GHCL Limited Ltd. is also expanded its production unit in Gujrat, India. Several market players follow backward integration in the market such Solvay and Tata Chemicals Ltd. Further most of the big player have their own distribution channel through which they market their products.
Get more details on this report by requesting a free sample copy
The sodium bicarbonate is manufactured by soda ash and carbon dioxide. The quality of sodium bicarbonate products depends on the suitable quantity and quality of raw material used in the manufacturing process of sodium bicarbonate. Therefore, companies of this market are estimated to have a remarkable market share during the next few years. Market integration is high, most of the companies have backward integration which is helping them to serve large customer base.
What Information does this report contain?
Our Market Research Reports Include:
- Market snapshot
- Market Segmentation
- Value Chain Analysis
- Growth Dynamics
- Potential Market Opportunities
- Regulatory Overview
- Technology Evolution
- Innovation & Sustainability
Why Global Market Insights?Comprehensive Research
- All-inclusive coverage
- In-depth and granular data (ex: information for 8 to 15 countries, with clients open to add to this list, in each report)
- Penetrative insights & latest trends
- Offers holistic understanding of the market
- Unique methodology
- Iterative in nature to eliminate errors
- Detailed methodology, scope, assumptions and data sources available for reference
- Committed to making a positive difference for our clients
- Given the nature of this industry, we are committed to ensure that our clients get maximum return on their investment in our services
- Every purchase comes with an option to obtain additional information:
- up to 10% of the original cost
- 45-minute analyst tele-call to obtain further clarity on the market.
- Global Market Insights, Inc. strictly adheres to PCI-DSS security norms.
- Only PCI-DSS compliant payment methods used for highest level of client data security
Connect with our sales team