Global Sodium Bicarbonate Crystals Market, By Grade (Feed, Food, Technical, Pharmaceutical), End-User (Feed, Food and Beverages, Flue Gas Treatment, Personal Care and Pharmaceuticals, Detergents and Cleaning Agents, Haemodialysis, Agriculture, Chemicals, Textile, Others),– Industry Trends and Forecast to 2029
Sodium Bicarbonate Crystals Market Analysis and Size
The rising of sodium bicarbonate crystals in the food and beverage and the animal feed sector over the current years will drive the demand of the product in the market. Furthermore, growing manufacturing activities will further increase the positive growth of sodium bicarbonate crystals market. Sodium bicarbonate crystals is mainly used as a soft alkali buffer agent to control the acidity in food, improve product shelf-life and protect the anti-caking. Also, food grade product acts as a dynamic ingredient in the preparation of baking powder and food additives widely used in products including cereals, dairy, ciders, confectioneries, and among others. This will boost the demand of the product in the market.
Data Bridge Market Research analyses that the sodium bicarbonate crystals market is expected to undergo a CAGR of 3.50% during the forecast period. This indicates that the market value, which was USD 14490.00 million in 2021, would rocket up to USD 19080.56 million by 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Sodium Bicarbonate Crystals Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD million, Volumes in Units, Pricing in USD
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Segments Covered
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Grade (Feed, Food, Technical, Pharmaceutical), End-User (Feed, Food and Beverages, Flue Gas Treatment, Personal Care and Pharmaceuticals, Detergents and Cleaning Agents, Haemodialysis, Agriculture, Chemicals, Textile, Others
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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NATURAL SODA, LLC (U.S.), Solvay (Belgium), Crystal Mark, Inc. (U.S.), Paras Chemical Industries (India), Tosoh (Japan), FMC Corporation (U.S.), Vitro (Mexico), Haohua Honghe Chemical Co., Ltd (China), Opta Group LLC (Canada), Tata Chemicals Ltd (India), Church & Dwight Co., Inc. (U.S.), Hawkins (U.S.), Kazan Soda Elektik (Turkey), CIECH GROUP (Poland), Sisecam (Turkay), Joint-stock company (Russia), Novacap (Canada), AGC Inc. (Japan)
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Market Opportunities
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Market Definition
Sodium bicarbonate crystal is a white solid which is present in crystalline form, but often seems as a fine powder. The iUPAC name of sodium carbonate compound is sodium hydrogen carbonate and it is commonly known as bicarbonate of soda or baking soda with the chemical formula NaHCO3. It is a composed salt composed of a sodium cation (Na+) and a bicarbonate anion (HCO3−).
Sodium Bicarbonate Crystals Market Dynamics
Drivers
- Rise the demand in food industry
Sodium bicarbonate crystals is widely used in the food sector. It is mainly used as a leavening agent in cookies and biscuits, bread, cakes, pies, waffles, and a host of other baked products. It is also used in drinks mainly cold drinks as an effervescent agent because it releases carbon dioxide resulting in carbonation of the beverage. The rising demand for sodium bicarbonate crystal in the food industry is expected to drive the market's growth.
- Usage in pharmaceutical sector
Sodium bicarbonate crystal are used for the preparation of the antacid and this antacids are used for the relief of mild gastroesophageal reflux disease (GERD) which has associated with heartburn. Antacids are medications do need any prescription. The antacids act by neutralizing the acid present inside the stomach and inhibiting pepsin, an enzyme. Sodium bicarbonate crystal is a natural antacid used to relieve heartburn and indigestion due to this it is high in demand in the market.
Opportunities
- Government initiatives and programs
The government health programs and directives in several countries will increase the market's growth rate. Government authorizations in numerous countries have permitted the use of sodium bicarbonate in diverse applications. For instance, European Union has formulated E500 (ii) code for the registered product as a food ingredient, mainly used as a levitation agent. Government initiatives play a vital role in the market's growth and create beneficial opportunities for the market.
Additionally, the use of this product in cleaning, flue gas desulfurization and pharmaceuticals products positively affect the sodium bicarbonate crystal market. Also, the properties of sodium bicarbonate crystal such grease cutting, as odour neutralizing, and mild abrasive extend beneficial opportunities to the sodium bicarbonate crystal market players in upcoming years.
Restraints/Challenges
- Health concern
The consumption of large amount of Sodium bicarbonate crystal for longer duration can cause breathing problems, allergic reactions, and arthritis. These health hazards and its adverse effects on the human health may restrain the growth of the sodium bicarbonate crystal market over the projected timespan.
- Government rules associated with product
The implementation of government rules regarding the usage is anticipated to obstruct the sodium bicarbonate crystal market growth. The concerns about the high reaction of this compound is likely to challenge the sodium bicarbonate crystal market.
This sodium bicarbonate crystals market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the sodium bicarbonate crystals market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Sodium Bicarbonate Crystals Market
The outbreak of COVID-19 pandemic is having a significant impact on the sodium bicarbonate crystals industry. The demand for the sodium bicarbonate crystal is suffering severe shocks over many end-user markets, global supply chains are disrupted, and the competitive order of producers or manufacturers has witnessed a change. The shortage of demand has affected the global chemical sector into an oversupply situation. Movement restrictions appear to be an immediate and direct effect, and once the compulsory social distancing ends, it is anticipated things would get back to normal conditions.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Sodium Bicarbonate Crystals Market Scope
The sodium bicarbonate crystals market is segmented on the basis of grade and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Grade
- Feed
- Food
- Technical
- Pharmaceutical
End-User
- Feed
- Food and Beverages
- Flue Gas Treatment
- Personal Care and Pharmaceuticals
- Detergents and Cleaning Agents
- Haemodialysis
- Agriculture
- Chemicals
- Textile
- Others
Sodium Bicarbonate Crystals Market Regional Analysis/Insights
The sodium bicarbonate crystals market is analysed and market size insights and trends are provided by country, grade and end user as referenced above.
The countries covered in the sodium bicarbonate crystals market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the sodium bicarbonate crystals market during the forecast period of 2022-2029. This is due to the growing demand for the compound from several industries including pharmaceuticals, food & beverages, animal nutrition, personal care and agriculture in this region.
North America is expected to be the fastest developing region due to benefit from increasing uptake of sodium bicarbonate across the pharmaceuticals, food, animal feed, water treatment and pesticides industries.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Sodium Bicarbonate Crystals Market Share Analysis
The sodium bicarbonate crystals market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to sodium bicarbonate crystals market.
Some of the major players operating in the sodium bicarbonate crystals market are:
- NATURAL SODA, LLC (U.S.)
- Solvay (Belgium)
- Crystal Mark, Inc. (U.S.)
- Paras Chemical Industries (India)
- Tosoh (Japan)
- FMC Corporation (U.S.)
- Vitro (Mexico)
- Haohua Honghe Chemical Co., Ltd (China)
- Opta Group LLC (Canada)
- Tata Chemicals Ltd (India)
- Church & Dwight Co., Inc. (U.S.)
- Hawkins (U.S.)
- Kazan Soda Elektik (Turkey)
- CIECH GROUP (Poland)
- Sisecam (Turkay)
- Joint-stock company (Russia)
- Novacap (Canada)
- AGC Inc. (Japan)
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