Sodium Bicarbonate Market to Reflect Tremendous Growth Potential With A CAGR Of 4.85% BY 2030

The Sodium Bicarbonate Market is set to grow steadily at a moderate CAGR during the forecast period (2023-2032), reports Market Research Future (MRFR). The consumption of meat, sugar, and dairy products makes the body acidic which the body tries to nullify by holding the alkaline salts. However, the presence of tissue acidity leads to health problems like arthritis, digestive disorders, and heartburn. This issue can be taken care of by consuming sodium bicarbonate or baking soda with water as it helps reduce acidity being alkaline in nature. MRFR report identifies that the benefits of baking soda or sodium bicarbonate is expected to be one of the main growth drivers for the global sodium bicarbonate market in the coming years. Moreover, the demand for sodium bicarbonate is bound to rise on account of its usage in the treatment of ventricular dysrhythmias, which is caused due to excessive use of cocaine.

Although the market’s prospects seem bright, fluctuating price of sodium bicarbonate globally can potentially undermine the market growth in the coming years. However, major market trends are gaining traction which positively shapes the sodium bicarbonate market dynamics, such as increasing use of baking soda as a deodorizing agent. As baking soda neutralizes acidity, it is an ideal element used to absorb odor and act like a deodorant. Furthermore, baking soda or sodium bicarbonate is free of chemical additives unlike many other products, a fact that makes the product highly appealing to large number of consumers, leading to massive demand globally.

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Regional Analysis:

While considering the regional analysis of the market for sodium bicarbonate, the Asia Pacific region is the main market in terms of both the production and consumption criteria. In the APAC region, China is the main producer of Sodium Bicarbonate thereby dominating the market segment. The rising demand for food & beverages, soaps & detergents, the chemical raw material in India, China, Indonesia, and Thailand have boosted the demand for the sodium bicarbonate market. North America, US is second major market of production of the sodium bicarbonate market followed by the Western European region. The APAC market is estimated to witness close competition from the US market due to sodium bicarbonate manufacturers offering low-cost products and over dumping of sodium bicarbonate products in the Asia Pacific region. The European region is witnessing stagnant growth due to strict regulations for manufacturing sodium bicarbonate. 

Market Segmentation:

MRFR report states that the global sodium bicarbonate market is segmented based on application, end users and region.

By application, the global sodium bicarbonate market is segmented based on medical, soap & detergents, baking powder, animal feed, chemical raw material, agrochemical, fire-extinguishing agent, and others. There is a high demand for sodium bicarbonate in the medical field, majorly used as antacids. It is used to treat the symptoms of stomach or duodenal ulcers. Moreover, it is also used to relieve heartburn and acid indigestion by neutralizing excess stomach acid.

By end users, the market is segmented based on pharmaceutical, personal care, textile industry, food & beverages, chemical industry, agriculture and others. Sodium bicarbonate in food and beverage industry is extensively used in baking goods, legumes and beans, food coloring, effervescent soda, and vegetable and fruit scrub. Hence, the plethora of applications of sodium bicarbonate in the food and beverage industry propels its demand and leads to the segment growth.

Key Players:

The renowned players of the global sodium bicarbonate market are NATURAL SODA LLC, Solvay, Tata Chemical Ltd., Sisecam Group, Novacap, Tosoh Corporation, KAZAN SODA ELEKTRIK, Bashkir Soda Company, Church & Dwight Co., Inc., CIECH Group, and AGC Inc.

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