Global Sodium Bicarbonate Market, By Form (Powder, Pellets, Slurry, and Liquid), Grade (Feed, Food, Technical, and Pharmaceutical), End-User (Feed, Food and Beverages, Flue Gas Treatment, Personal Care and Pharmaceuticals, Detergents and Cleaning Agents, Hemodialysis, Agriculture, Chemicals, Textile, and Others) - Industry Trends and Forecast to 2031.
Sodium Bicarbonate Market Analysis and Size
The sodium bicarbonate market is advancing with the latest methods and technologies, driving growth. Innovations in production, such as environmentally friendly processes and enhanced purity levels, are boosting market utilization across various industries. Increased applications in pharmaceuticals, food and beverages, and industrial sectors underscore sodium bicarbonate's expanding role in diverse markets globally.
The global sodium bicarbonate market size was valued at USD 121.50 million in 2023 and is projected to reach USD 180.88 million by 2031, with a CAGR of 5.10% during the forecast period 2024 to 2031. 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.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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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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Form (Powder, Pellets, Slurry, and Liquid), Grade (Feed, Food, Technical, and Pharmaceutical), End-User (Feed, Food and Beverages, Flue Gas Treatment, Personal Care and Pharmaceuticals, Detergents and Cleaning Agents, Hemodialysis, Agriculture, Chemicals, Textile, and 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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Norkem (U.K.), NATURAL SODA, LLC. (U.S.), Solvay (Belgium), Crystal Mark, Inc. (U.S.), Paras Chemical Industries (India), FMC Corporation (U.S.), Vitro (Mexico), Opta Group LLC (Canada), Tata Chemicals Ltd. (India), Church & Dwight Co., Inc. (U.S.), Hawkins (U.S.), Kazan Soda Elektrik (Turkey), QEMETICA (U.S.), Şişecam (Turkey), Bashkir soda company (Russia), and LexisNexis Risk Solutions (U.S.)
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Market Opportunities
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Market Definition
Sodium bicarbonate, commonly known as baking soda, is a chemical compound with the formula NaHCO3. It appears as a white crystalline powder and is used in various applications, including baking as a leavening agent, in household cleaning products, and as an antacid to relieve heartburn and indigestion. Sodium bicarbonate reacts with acids to release carbon dioxide gas, which causes dough to rise in baking.
Sodium Bicarbonate Market Dynamics
Drivers
- Growing Demand in Pharmaceuticals
The increasing demand for sodium bicarbonate in pharmaceuticals, particularly in antacids and systemic alkalizers, is a significant driver of market growth. Antacids containing sodium bicarbonate help neutralize stomach acid, providing relief from heartburn and indigestion. Systemic alkalizers, used to treat metabolic acidosis, also rely on sodium bicarbonate's ability to raise blood pH levels. These applications underscore sodium bicarbonate's crucial role in enhancing health outcomes, thereby fueling its market expansion in the pharmaceutical sector.
- Increasing Use in Food and Beverage
The increasing use of sodium bicarbonate in food and beverage industries as a leavening agent for baking and an acidity regulator in various products is a significant driver of market growth. For example, in baking, sodium bicarbonate reacts with acidic components such as buttermilk or yogurt to produce carbon dioxide, causing dough to rise. Its role in maintaining pH levels in beverages such as soda enhances taste and shelf life, expanding its market influence.
Opportunities
- Increasing Industrial Applications
The increasing industrial applications of sodium bicarbonate are significantly boosting market demand. It is widely utilized in diverse industrial processes such as water treatment, flue gas desulfurization, and chemical manufacturing. For instance, in water treatment, sodium bicarbonate is used to adjust pH levels effectively. Similarly, in flue gas desulfurization, it helps in reducing sulfur dioxide emissions. These applications underscore sodium bicarbonate's crucial role in industrial operations, driving its market growth.
- Growing Health and Hygiene Applications
Increased demand for sodium bicarbonate in health and hygiene applications stems from its antacid and alkalizing properties. In pharmaceuticals, it is used in antacid formulations and systemic alkalizers. In personal care products and oral care, it serves as a gentle abrasive and pH adjuster. This versatility meets consumer preferences for effective yet gentle products, driving growth in these sectors of the sodium bicarbonate market.
Restraints/Challenges
- Fluctuating Raw Material Prices
Fluctuating raw material prices, particularly for soda ash and ammonia, pose a significant hindrance to the sodium bicarbonate market. The volatility complicates cost management and pricing stability, impacting profitability and market predictability. This dependence exacerbates financial risks for manufacturers and limits their ability to forecast and adjust pricing in response to market fluctuations.
- Competition from Substitutes
The sodium bicarbonate market faces hindrance due to competition from substitutes such as baking powder and other leavening agents. Their increased availability and use undermine demand for sodium bicarbonate, posing a significant challenge to market growth. This shift reflects consumer preferences and industry adaptation to alternatives, impacting the market negatively without offering positive alternatives.
This 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 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.
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.
Recent Development
- In February 2023, Solvay announced plans to expand its sodium bicarbonate production capacity across Europe. This strategic initiative responds to rising demand across diverse industries. By bolstering production capabilities, Solvay aims to enhance market position and effectively meet growing customer needs for sodium bicarbonate products
- In September 2022, Tata Chemicals unveiling a new food-grade sodium bicarbonate product tailored for the stringent standards of the food industry. This innovation promises enhanced functionality in various food applications, reinforcing Tata Chemicals' commitment to quality and safety in food-related markets
- In July 2021, Church & Dwight's acquisition of the Zicam brand from Matrixx Initiatives. This strategic move includes products featuring sodium bicarbonate as a key ingredient. By expanding its portfolio, Church & Dwight aims to strengthen its market presence and offer a broader range of consumer health solutions
- In October 2020, CIECH completing a modernization project at its Romanian plant, focusing on soda ash and sodium bicarbonate production. This upgrade aimed to boost production capacity and operational efficiency, ensuring reliable supply amid increasing market demand for sodium bicarbonate
Sodium Bicarbonate Market Scope
The market is segmented on the basis of form, grade and end-user. The growth amongst these segments will help you analyse 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.
Form
- Powder
- Pellets
- Slurry
- Liquid
Grade
- Feed
- Food
- Technical
- Pharmaceutical
End-User
- Feed
- Food and Beverages
- Flue Gas Treatment
- Personal Care and Pharmaceuticals
- Detergents and Cleaning Agents
- Hemodialysis
- Agriculture
- Chemicals
- Textile
- Others
Sodium Bicarbonate Market Regional Analysis/Insights
The market is analyzed and market size insights and trends are provided by form, grade and end-user as referenced above.
The countries covered in the 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 is expected to dominate the sodium bicarbonate market during the forecast period. This is driven by increasing demand in industries such as plastics, cement, and glass, reflecting growing regional utilization and product popularity.
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 such as 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 Market Share Analysis
The 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 market.
Some of the major players operating in the market are:
- Norkem (U.K.)
- NATURAL SODA, LLC. (U.S.)
- Solvay (Belgium)
- Crystal Mark, Inc. (U.S.)
- Paras Chemical Industries (India)
- FMC Corporation (U.S.)
- Vitro (Mexico)
- Opta Group LLC (Canada)
- Tata Chemicals Ltd. (India)
- Church & Dwight Co., Inc. (U.S.)
- Hawkins (U.S.)
- Kazan Soda Elektrik (Turkey)
- QEMETICA (U.S.)
- Şişecam (Turkey)
- Bashkir soda company (Russia)
- LexisNexis Risk Solutions (U.S.)
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