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Sodium Bicarbonate - Global Market Trajectory & Analytics

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    Report

  • 402 Pages
  • October 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5140141

Global Sodium Bicarbonate Market to Reach $1.8 Billion by 2027

Amid the COVID-19 crisis, the global market for Sodium Bicarbonate estimated at US$1.3 Billion in the year 2020, is projected to reach a revised size of US$1.8 Billion by 2027, growing at a CAGR of 5.2% over the period 2020-2027. Crystal / Powdered Crystal, one of the segments analyzed in the report, is projected to record a 5.5% CAGR and reach US$1.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Liquid segment is readjusted to a revised 4.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $303.7 Million, While China is Forecast to Grow at 6.3% CAGR

The Sodium Bicarbonate market in the U.S. is estimated at US$303.7 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$371.8 Million by the year 2027 trailing a CAGR of 6.3% over the period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$229.9 Million by the year 2027.

Slurry Segment to Record 3.8% CAGR

In the global Slurry segment, USA, Canada, Japan, China and Europe will drive the 3.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$73.2 Million in the year 2020 will reach a projected size of US$94.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 4% CAGR through the analysis period.

Select Competitors (Total 64 Featured)

  • AGC Inc.
  • Bashkir Soda Company JSC
  • Church & Dwight Co., Inc.
  • CIECH S.A.
  • Crystal Mark, Inc.
  • Kazan Soda Elektrik Uretim A.S.
  • Natural Soda LLC
  • Opta Group LLC
  • Sisecam Group
  • Solvay S.A.
  • Tata Chemicals Limited
  • Vitro Chemicals

What's New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to a digital archives and Research Platform
  • Complimentary updates for one year
Frequently Asked Questions about the Global Market for Sodium Bicarbonate

What is the estimated value of the Global Market for Sodium Bicarbonate?

The Global Market for Sodium Bicarbonate was estimated to be valued at $1.3 Billion in 2020.

What is the growth rate of the Global Market for Sodium Bicarbonate?

The growth rate of the Global Market for Sodium Bicarbonate is 4.8%, with an estimated value of $1.8 Billion by 2027.

What is the forecasted size of the Global Market for Sodium Bicarbonate?

The Global Market for Sodium Bicarbonate is estimated to be worth $1.8 Billion by 2027.

Who are the key companies in the Global Market for Sodium Bicarbonate?

Key companies in the Global Market for Sodium Bicarbonate include AGC Inc., Bashkir Soda Company JSC, Church & Dwight Co., Inc., CIECH S.A., Crystal Mark, Inc., Kazan Soda Elektrik Uretim A.S., Natural Soda LLC, Opta Group LLC and Solvay S.A..

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Sodium Bicarbonate - Global Key Competitors Percentage Market Share in 2022 (E)
  • A Prelude to Sodium Bicarbonate
  • Impact of Covid-19 and a Looming Global Recession
  • 2020 Marked as a Year of Disruption & Transformation
  • As the Race between the Virus & Vaccines Intensifies, Where is the World Economy Headed in 2021
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
  • Sodium Bicarbonate Market to Gradually Recover from COVID-19 Shock
  • Global Market Prospects and Outlook
  • Rising Demand Fast-Tracks Emphatic Journey of Global Sodium Bicarbonate Market
  • Animal Feed, and Food and Beverage Dominates the Sodium Bicarbonate End-use Market
  • Powder Form: Major Segment of Sodium Bicarbonate Market
  • Asia-Pacific Maintains Triumphant Position in Sodium Bicarbonate Market
  • Product Alternatives & Health Hazards Impede Growth
  • Recent Market Activity
  • WORLD BRANDS
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Animal Feed Additives: The Major Application Market for Sodium Bicarbonate
  • Global Feed Production Volume Breakdown by Country (in %) for 2020
  • Global Feed Production Volume (in Million Metric Tons) by Species for 2020
  • Demand for Protein-Rich Diets Dictate Demand for Amino Acids as Feed Additives
  • Demand for Meat and Meat-based Products to Influence Growth in Sodium Bicarbonate Market
  • Energy, Water, Protein and Fat Content for Meat & Eggs Vis-à-vis Grains, Fruits & Vegetables, and Beverages (per 100 grams)
  • Global Meat Consumption in 1,000 Metric Tons (Carcass Weight Equivalent) for Pork, Chicken Meat, and Beef & Veal for 2017-2020
  • Rising Consumption of Poultry Bodes Well for Market
  • Global Chicken Meat Production (in 1,000 Metric Tons Ready to Cook Equivalent) by Country for 2016-2020E
  • Chicken Meat Consumption (in 1,000 Metric Tons Ready to Cook Equivalent) by Top Countries for 2016-2020E
  • Food & Beverage Industry: Vital Role of Sodium Bicarbonate in Enhancing Food Quality
  • Global Food & Beverages Market in US$ Trillion for the Years 2018, 2020 & 2022
  • Growing Demand for Convenience Food Drive the Demand for Sodium Bicarbonate
  • Growing Demand for Bakery Products to Drive Sodium Bicarbonate Market
  • Growing Popularity of Ready-to-Eat Foods Holds Promise for Sodium Bicarbonate Market
  • Increasing Demand for Sodium Bicarbonate in Pharmaceutical Industry Drives Market Expansion
  • Worldwide Prevalence of Diabetes: Number of Adults (20-79) with Diabetes by Region for 2017 and 2045
  • Global Annual Medical Cost of CVD in US$ Billion: 2010, 2015, 2020, 2025, and 2030
  • Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
  • Rising Usage of Detergents Propels Sodium Bicarbonate Demand
  • Increasing Global Population Drives the Demand for Protein Alternatives
  • World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
  • Fashion Plays a Key Role in Propelling Demand for Textile Dyes
  • Growth of the Personal Care and Cosmetics Market to Drive Demand for Sodium Bicarbonate
  • Global Beauty & Personal Care Market: Revenues in US$ Million for the Years 2019, 2021 and 2024
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Crystal / Powdered Crystal by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 2: World Historic Review for Crystal / Powdered Crystal by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 3: World 15-Year Perspective for Crystal / Powdered Crystal by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 4: World Recent Past, Current & Future Analysis for Liquid by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 5: World Historic Review for Liquid by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 6: World 15-Year Perspective for Liquid by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 7: World Recent Past, Current & Future Analysis for Slurry by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 8: World Historic Review for Slurry by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 9: World 15-Year Perspective for Slurry by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 10: World Recent Past, Current & Future Analysis for Animal Feed by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 11: World Historic Review for Animal Feed by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 12: World 15-Year Perspective for Animal Feed by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 13: World Recent Past, Current & Future Analysis for Food & Beverage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 14: World Historic Review for Food & Beverage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 15: World 15-Year Perspective for Food & Beverage by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 16: World Recent Past, Current & Future Analysis for Pharmaceutical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 17: World Historic Review for Pharmaceutical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 18: World 15-Year Perspective for Pharmaceutical by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 19: World Recent Past, Current & Future Analysis for Agrochemical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 20: World Historic Review for Agrochemical by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 21: World 15-Year Perspective for Agrochemical by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 22: World Recent Past, Current & Future Analysis for Industrial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 23: World Historic Review for Industrial by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 24: World 15-Year Perspective for Industrial by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 25: World Recent Past, Current & Future Analysis for Personal Care by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 26: World Historic Review for Personal Care by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 27: World 15-Year Perspective for Personal Care by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 28: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 29: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 30: World 15-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 31: World Recent Past, Current & Future Analysis for Sodium Bicarbonate by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 32: World Historic Review for Sodium Bicarbonate by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 33: World 15-Year Perspective for Sodium Bicarbonate by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2021 & 2027
III. MARKET ANALYSIS
UNITED STATES
  • Sodium Bicarbonate Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
CANADA
JAPAN
  • Sodium Bicarbonate Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
CHINA
  • Sodium Bicarbonate Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
EUROPE
  • Sodium Bicarbonate Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
FRANCE
  • Sodium Bicarbonate Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
GERMANY
  • Sodium Bicarbonate Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
ITALY
UNITED KINGDOM
  • Sodium Bicarbonate Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Sodium Bicarbonate Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
AUSTRALIA
  • Sodium Bicarbonate Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)
INDIA
  • Sodium Bicarbonate Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Sodium Bicarbonate Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Sodium Bicarbonate Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Sodium Bicarbonate Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)
IV. COMPETITION
  • Total Companies Profiled: 64

Companies Mentioned

A selection of companies mentioned in this report includes:

  • AGC Inc.
  • Bashkir Soda Company JSC
  • Church & Dwight Co., Inc.
  • CIECH S.A.
  • Crystal Mark, Inc.
  • Kazan Soda Elektrik Uretim A.S.
  • Natural Soda LLC
  • Opta Group LLC
  • Sisecam Group
  • Solvay S.A.
  • Tata Chemicals Limited
  • Vitro Chemicals