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Sodium Bicarbonate - Global Market Trajectory & Analytics

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

Global Sodium Bicarbonate Market to Reach US$1.7 Billion by the Year 2026


Popular as baking soda, sodium bicarbonate represents a white crystalline powder that is slightly salty and alkaline in taste like that of sodium carbonate or washing soda. Sodium bicarbonate is offered in various grades and used in a broad range of industries like animal feed, pharmaceuticals, food & beverages, agriculture, manufacturing and cleaning products. Growth in the global market is set to be driven by rising demand from several end-use industries. The strong demand for sodium bicarbonate is attributed to its easy availability and low production cost. The food & beverages industry is expected to continue representing one of the most attractive domains for sodium bicarbonate in the coming years. The increasing demand for sodium bicarbonate in the industry can be credited to rising consumption of packaged and processed foods as a result of changing lifestyle and food preferences. The compound is widely used in the animal feed and nutrition industry and to de-color textiles. Some of the other prominent applications of sodium bicarbonate include leather, detergents, dyes and flue gas desulfurization. Sodium bicarbonate is also used in various personal care products as deodorizing agent.

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$1.7 Billion by 2026, growing at a CAGR of 5.2% over the analysis period. Crystal/ Powdered Crystal, one of the segments analyzed in the report, is projected to grow at a 5.5% CAGR to reach US$1.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Liquid segment is readjusted to a revised 4.3% CAGR for the next 7-year period. This segment currently accounts for a 12% share of the global Sodium Bicarbonate market. The crystal form of sodium bicarbonate is used as electrolyte replenishers, topical cleaning solutions, systemic alkalizer and buffering agent. Growth in the powder segment is favored by enhanced user convenience and increasing demand for sodium hydrogen carbonate within baking powder applications.



The U.S. Market is Estimated at $317 Million in 2021, While China is Forecast to Reach $352.1 Million by 2026


The Sodium Bicarbonate market in the U.S. is estimated at US$317 Million in the year 2021. The country currently accounts for a 23.92% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$352.1 Million in the year 2026 trailing a CAGR of 6.3% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.9% and 5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR while Rest of European market (as defined in the study) will reach US$371.8 Million by the end of the analysis period. Asia-Pacific enjoys a dominant position in the market, buoyed by increasing demand for the compound from diverse industries including food & beverages, animal nutrition, pharmaceuticals, personal care and agriculture. The Asia-Pacific market is gaining from high dependence on poultry farming along with expansion of the personal care and pharmaceutical industries. The North American market is anticipated to benefit from rising uptake of sodium bicarbonate across the animal feed, pharmaceuticals, food, water treatment and pesticides industries. The regional market is also bolstered by increase in government funding to support R&D activity for finding novel application areas for the compound.

Slurry Segment to Reach $122.9 Million by 2026


Slurry form is used in pharmaceuticals and as an abrasive cleaning agent in industries. In the global Slurry segment, USA, Canada, Japan, China and Europe will drive the 3.6% 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. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$15.4 Million by the year 2026, while 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
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 4.6%, with an estimated value of $1.7 Billion by 2026.

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

The Global Market for Sodium Bicarbonate is estimated to be worth $1.7 Billion by 2026.

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. METHODOLOGY


II. 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


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)

SPAIN


RUSSIA


REST 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 KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Sodium Bicarbonate Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Sodium Bicarbonate Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

IRAN


ISRAEL


SAUDI ARABIA


UNITED ARAB EMIRATES


REST 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