Key Questions Answered by the Report
Which is the Most Lucrative Market for Sodium Bicarbonate?
East Asia is estimated to remain the leading market for sodium bicarbonate accounting for over 30% of the global market share in 2021. China is the leading regional market-driven with revenue expected to surpass US$ 500 Mn by 2031.
Which are the Top-Selling Types of Sodium Bicarbonate?
Food grade and technical grade sodium bicarbonate products are expected to remain the most preferred grades, cumulatively accounting for more than 70% of the overall market.
Who are the Leading End Users of Sodium Bicarbonate?
Sodium bicarbonate is widely used in the food and beverage industry, which accounts more than 45% of overall consumption. The usage of sodium bicarbonate is seen in the form of baking powder which is further used in baking of biscuits, cake, bread, cookies and other foods.
Which are Some of the Leading Companies Manufacturing Sodium Bicarbonate?
Some of the leading companies manufacturing sodium bicarbonate are Solvay SA, Merck KGaA, Nirma ltd., Tata Chemicals Ltd., GHCL ltd, Ciech SA, DCW, Seqens group, Tosoh Corporation, Hawkins, Inc., Vitro and Church & Dwight Co., Inc. and others. Key players account for 50 to 60% of the market.
Key Points Covered
- Market estimates and forecast 2015-2031
- Key drivers and restraints impacting market growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Brand share and Market Share Analysis
- Key Product Innovations and Regulatory Climate
- COVID-19 Impact on Sodium Bicarbonate and How to Navigate
- Recommendation on Key Winning Strategies
2016-2020 Sodium Bicarbonate Market Outlook Compared to 2021-2031 Forecast
The global sodium bicarbonate market is anticipated to grow at rate of 3.9% CAGR during the forecast period across end use industries. Increased consumption of sodium bicarbonate in varying end use industries including food, animal feed, pharmaceuticals, chemicals, and water treatment is the driving factor for the rise in the global market.
Increasing application of food and technical grades of sodium bicarbonate is expected to further bolster developments. Characteristics of high basicity and non-toxic nature, creates unique advantages for applications in leavening, cleansing, and ruminal pH buffers.
The material is commonly used as a leavening agent in the baking process for cakes, biscuits, and bread in the form of baking powder. It is also used as a cleansing agent due to its mild disinfectant properties. Also, niche applications in animal feed, the production of fire extinguishers, and more contribute to revenues.
It also has extensive use in the pharmaceutical industry, as an antacid to treat indigestion and heartburn, in the treatment of hyperkalemia, and also as a hemodialysis solution for treating chronic kidney diseases.
Key players in the market are focusing on increasing productivity, via digital technology and integrated processes. Many prominent players are seeking strategic expansions and are also focusing on delivering high-quality end-use products to sustain their market share in the long run.
Due to the Covid-19 pandemic, a notable impact was witnessed on the supply chain for sodium bicarbonate, disrupting raw material transport due to the strict lockdowns prevalent in many parts of the world. This in turn drove key players to find new ways to implement innovative value chain initiatives to achieve uninterrupted production. The growth of the Sodium Bicarbonate market is also anticipated to be affected by this pandemic crisis and is also expected to see a considerable drop in the fiscal prospects of 2020-2021.
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What is the Regulatory Impact on Global Sales?
Sodium bicarbonate is often used by the operators of smaller-scale, waste-to-energy (WTE) facilities as an adsorbent in commercial flue gas treatment (FGT) applications. Polymers and chemicals are often purified, processed, and synthesized using sodium bicarbonate.
Furthermore, sodium bicarbonate has moderate abrasive, grease-cutting, cleaning and odor-neutralizing properties. Due to its alkaline composition and favourable reactivity properties, it is expected to boost the market demand for the chemical compound in the forecast period.
On the other hand, strict regulations and certifications required for the production and distribution of pharmaceutical grade sodium bicarbonate is expected to hold back growth prospects through the projection period.
For the production of pharmaceutical grade substances, manufacturers must also receive approvals including GMP (Good Industrial Practice) certifications. Furthermore, factors such as purity, and grain size are very strictly monitored to minimize unwanted reactions through the surface chemistry of drugs.
Where are the Major Sales Opportunities in the Sodium Bicarbonate Market?
According to FMI, various market players are engaged in increasing production capacities in addition to investing in the development of high-quality variants of sodium bicarbonate. In the global market for sodium bicarbonate, new materials are being developed to meet market demand for high quality food and pharmaceutical grade sodium bicarbonate.
Opportunities for sodium bicarbonate producers ought to increase owing to the expansion of operations in end-use industries including food and beverage, pharmaceutical industry and chemical industries.
What is the Share of China in the Sodium Bicarbonate Market?
Due to the presence of numerous manufacturers and end-use industries in China, substantial growth has been witnessed in this regional sodium bicarbonate market. China is projected to account for more than US$ 500 Mn by the end of the forecast period.
The role of China as a manufacturing and services hub will drive demand from various end-users. China is anticipated to consume approximately three-fourths of the overall East Asian inventory of sodium bicarbonate. Low labor and raw material costs are some of the primary factors supporting the dominance of the country.
How is the Market Set to Fare in Germany?
Germany accounts for over 21% of the European market for sodium bicarbonate. This is likely to continue through the end of 2031. The demand for sodium bicarbonate in Germany is anticipated to witness considerable growth, due to the presence of several end-use industries including fire extinguisher production, flue gas desulfurization, food processing, pharmaceutical development, and personal care and cosmetics production.
The German market is trailed by France and the U.K., which are other major markets in Europe. Favorable manufacturing activities create a conducive environment for adoption. However, U.K. is likely to face challenges arising from trade restrictions following Brexit.
Will the U.S. Play a Larger Role in the Sodium Bicarbonate Market?
The U.S. accounts for more than 80% of the North American market, which in turn accounts for 20% of the global market share. Primarily, the demand for sodium bicarbonate in North America can be attributed to demand arising from the massive food and beverage, and pharmaceutical industries.
Moreover, pharmaceuticals and personal care products are expected to generate key growth opportunities in the sodium bicarbonate market in the U.S. as well as in Canada for the duration of the forecast period.
What is the Sodium Bicarbonate Market Scenario in India?
The Indian sodium bicarbonate market is one of the leading markets for sodium bicarbonate in the South Asia & Pacific region accounting for more than 33% of the market through the end of the projection period.
While ASEAN countries cumulatively surpass the value of the Indian market, India is expected to display steady growth in the upcoming years owing to the high reliance on poultry farming, the rapidly expanding Indian pharmaceutical industry, and the expansion of the personal care market, both of which are aiding future prospects for sodium bicarbonate use.
How are Food and Pharmaceutical End-Use Industries Contributing to Revenue?
Accounting for almost 45% of the overall market share, the processed food segment is expected to drive the global sodium bicarbonate market. The processed food segment is expected to hold more than 40% of the market value share in 2021.
Growing demand for convenience foods is a key factor driving the growth of the sodium bicarbonate market. Its ability to neutralize acidic conditions and maintain a stable PH level in food drives the use of the chemical compound in baked products like bread, biscuits, and cakes. Furthermore, baking soda manufacturers benefit from sodium bicarbonate's low environmental impact and manufacturing costs.
Furthermore, the pharmaceutical industry is emerging as a major end-user accounting for close to 18% of overall sales as it is used extensively as an antacid and in hemodialysis solutions for the treatment of chronic kidney diseases.
How Big Is Technical Grade Segment in Sodium Bicarbonate Market?
Technical grade sodium bicarbonate is expected to account for over 40% of the global market share in terms of grade. This growth can be largely attributed to several end-use industries including chemical production, flue gas desulfurization, leather processing,
Also, niche applications including dyes, detergents, fire extinguishers and more support market growth. As a result, the demand for sodium bicarbonate is expected to witness significant growth in years to come.
What’s the Market Share of Powdered Sodium Bicarbonate?
Powdered sodium bicarbonate accounts for over 82% of the global sodium bicarbonate market far surpassing pellet, slurry, and liquid variants. The powder form of sodium bicarbonate is expected to remain dominant owing to physical properties including its crystalline nature and its use in major industries including food and beverage, chemical, pharmaceutical, and in water treatment facilities.
Key players in the sodium bicarbonate market are strongly focusing on profit generation from their existing product portfolios along while exploring potential new applications. To cater to the demand from numerous end use industries, key players are emphasizing on increasing their sodium bicarbonate production capacities. Furthermore, prominent players are also pushing for geographical expansion to decrease the dependency on imported sodium bicarbonate.
In March 2021, Solvay SA announced its intentions to divest its soda ash and derivatives business creating a separate legal entity to optimize cash flow generation while improving on the company’s strategic flexibility.
In June 2020, Tata Chemicals announced the reorganization of its business under the verticals of nutritional sciences, agri sciences, energy science, and material sciences to improve focus on lucrative science and chemistry segments, expanding on its knowledge and expertise base.
In March 2020, the European arm of the company announced the building of a new plant in Winnington for the production of Ecokarb, a net zero carbon emissions product based on sodium bicarbonate for applications in the pharmaceutical industry.
Some of the leading companies operating in the market are:
- Solvay SA
- Merck KGaA
- Nirma ltd.
- Tata Chemicals Ltd.
- GHCL Ltd.
- Ciech SA
- DCW Ltd.
- Seqens group
- Tosoh Corporation
- Hawkins, Inc.
- Church & Dwight Co., Inc.
*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report.
Scope of the Report
Historical Data Available for
USD Million for value and Tons for Volume
Key Regions Covered
North America, Latin America, Europe, East Asia, South Asia & Pacific, Middle East & Africa
Key Countries Covered
US, Canada, Germany, U.K., France, Italy, Spain, Russia, China, Japan, South Korea, brazil, Mexico, GCC Countries, Turkey, Northern Africa, South Africa.
Key Segments Covered
Grade, Form, Application, and Region
Key Companies Profiled
Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives
Customization & Pricing
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Sodium Bicarbonate Market by Category
By Grade Type
- Pharmaceutical Grade
- Technical Grade
- Food Grade
- Feed Grade
By End Use
- Processed Food
- Personal Care Products
- Agrochemicals & Nutrients
- Fire Extinguisher
- Leather & Dyeing
- North America
- Latin America
- East Asia
- South Asia & Pacific
- Middle East and Africa (MEA)