Sodium Bicarbonate Market Share, Growth, Opportunities 2031

Report Description

The global sodium bicarbonate market size was USD 1.68 Bn in 2022 and is likely to reach USD 2.56 Bn by 2031, expanding at a CAGR of 4.8% during 2023–2031. The market growth is attributed to the increasing use of sodium bicarbonate in food & beverages, pharmaceuticals, and animal feed manufacturing.

Sodium Bicarbonate (chemical formula: NaHCO₃) is a white-colored solid that is crystalline and weakly alkaline salt powder. It is a composition of a sodium cation (Na) and bicarbonate anion (HCO₃). Also known as bicarbonate of soda, it is commonly used in baking soda powders, pharmaceuticals, cosmetics, and fire extinguishers.

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In drugs and medicines, sodium bicarbonate is majorly used as an antacid, that prevents acidity, especially in the stomach. Sodium bicarbonate processes rapidly as an antacid, owing to this various antacids in form of a tablet or liquid solutions are widely used in treating upset stomach, heartburn, and indigestion.

For oral use purposes, sodium bicarbonate can be bought without a prescription. However, it should not be given to small children unless it is prescribed by doctors. The side effects of sodium bicarbonate overdose include intense pain in the stomach, shortness of breath, swelling, dry mouth, and increased thirst, among others.

Besides food and medicine manufacturing, sodium carbonate is majorly used in animal feed additives. In addition, it is also commonly utilized in the silk, wool, and leather dyeing process. Sodium bicarbonate also has wide applications in manufacturing rubber, plastic, textile, and cleaning agents.

COVID-19 Impact on Global Sodium Bicarbonate Market

The market report finds that the COVID-19 pandemic impact was positive on the global sodium bicarbonate market. One of the key drivers of the market during the time was the growing consumer demand for detergents in emerging countries such as India and China. A similar increase in demand for liquid detergent products was also observed in Germany, the United Kingdom, and Russia.

Moreover, the key market players continued with business operations to meet the increasing demand for sodium bicarbonate in sectors such as the food & beverage industry, pharmaceuticals, and other personal care products. The increased consumer demand for various daily-use products rose during the COVID-19 pandemic, which helped considerable market growth.

On the other hand, in some industries such as textiles, plastics, rubber, and leathers the demand was slowed due to market slowdown and global supply chain issues.

Global Sodium Bicarbonate Market Dynamics

The research report presents a complete market overview by providing detailed information about the current market trends, existing drivers, growth opportunities and potentials, and emerging challenges. The global sodium bicarbonate market report has up-to-date insights about market scenarios that can shape the overall market performance and output during the forecast period, 2023 to 2031

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Key Trends

What are the Major Trends in the Global Sodium Bicarbonate Market?

Growing Product Demand for Making Convenience Food

The growing trend of consumers preferring convenience food or ready-to-eat food that need less time to cook is boosting the demand for sodium bicarbonate in the food industry. Baking soda is one of the essential baking ingredients and has wide applications in the making of various foods. Its applications range from extending the shelf life of food items to increasing the size and shape of products such as bread, cookies, muffins, and cakes.

The growing popularity of convenient edible food items over freshly cooked food is increasing the use of baking soda in the processing of various convenient food items. This trend is likely to boost the global sodium bicarbonate market during the forecast period.

What are the Key Factors Propelling the Global Sodium Bicarbonate Market?

Rising Demand for Animal Feed Production

Rising animal feed demand is one of the key factors propelling the global sodium bicarbonate market. Bicarbonate of sodium chemical is an essential part of animal nutrition of cattle, pigs, and poultry animals. It has large demand in the animal feed industry. Sodium carbonate helps in stabilizing pH in the animal body by reducing acidic properties.

The feed grade sodium bicarbonate is widely used as an animal feed material in dairy and livestock farming. Animal feed supplements that have quality sodium bicarbonate promote healthy digestion and growth of the animal and reduce the negative effects of thermal stress factors.

Increasing Approval and Authorization from Various Governments

The increasing authorization and approval from governments of various countries are also boosting the global sodium bicarbonate market growth. The supportive guidelines for the use of baking soda in various food items are helping the key market players in producing quality production output.

Governments from developed and developing countries allowing the use of sodium bicarbonate in food additives, enzymes, and flavorings among others have helped the food and beverages industry to come up with various innovative offerings, which are expected to boost the market growth in the coming years.

Which Key Factors are Projected to Restrain the Growth of the Global Sodium Bicarbonate Market?

Adoption of the Alternative Substances in the Food and Medical Industry

The adoption of alternative substances for food and medical product manufacturing is anticipated to restrain the global market. The continuous research and development programs in the food and medical industry are also aiding in the discovery of alternative substances for sodium bicarbonate.

Although sodium bicarbonate (baking soda) is edible, its overuse can cause serious health issues. The scrapping of its use with the healthier alternative poses challenges to the market for extending its growth.

What are the Growth Opportunities in the Global Sodium Bicarbonate Market?

Increasing Production and Development of High-Quality Variant

The prominent market players are investing in increasing production output and developing high-quality variants. The improvements in production and invention of high-quality sodium bicarbonate variants are anticipated to create significant growth opportunities for the global market.

High-quality variants are developed by the key market players to increase the efficiency and suitability of sodium bicarbonate in improving medical and food quality in the coming years. In addition, the increasing production output is also expected to help the global market players to effectively provide the food & beverages industry, where sodium bicarbonate demand is consistently rising.

Scope of the Global Sodium Bicarbonate Market Report

The global sodium bicarbonate market research report includes an assessment of the market trends, market segments, and regional markets. Overview and dynamics have also been included in the report.

Global Sodium Bicarbonate Market Segment Insights

What Key Factors Contribute to the Rapid Expansion of the Crystal/Powdered Crystal Segment?

Increasing Applications in Various End-user Industries

Based on forms, the global sodium bicarbonate market is divided into crystal/powdered crystal, slurry, and liquid. The crystal/powdered crystal segment held the largest share of the global market and is projected to witness rapid expansion during the projected period.

The growth of the segment is owing to powdered crystal forms increasing applications in various end-user industries. The crystal/powdered crystal form accounts for over 80% share of the global market and is expected to maintain a high share throughout the forecast period due to wide applications.

The slurry form segment is anticipated to grow significantly with a higher than 3% compound annual growth rate in near future. The increasing applications in pharmaceutical and industrial abrasive cleaning are projected to drive the slurry form segment growth.

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How is the Feed Grade Segment Generating More Revenue Share in the Global Sodium Bicarbonate Market?

Growing Use in the Production of Animal Supplements

On the basis of grade-types, the global market is categorized into food grade, feed grade, pharmaceutical grade, and technical grade. The feed grade segment is anticipated to register a significant CAGR during the projection period.

The demand for animal feed supplements is rising consistently, resulting in demand for higher production output. The growing use of feed grade type sodium bicarbonate in animal nutritional supplements is helping the segment to generate more revenue in the global market.

The food grade segment is projected to hold a major market share in the coming years owing to the rising use of baking soda in the food & beverages industry. Baking soda demand is sharply increasing for making various confectionary and bakery food items. Additionally, in the beverage industry, various providers are consistently trying to bring a new and improved variety of drinks, which is also fueling food grade sodium bicarbonate growth.

What are the Main Aspects for Boosting the Food & Beverages Segment?

Growing Use of Baking Soda in Food and Beverages Processing

Based on end-users, the global sodium bicarbonate market is divided into food & beverages, cosmetics & personal care products, pharmaceuticals, chemicals, detergents, fire extinguishers, textiles, agrochemicals & nutrients, leather & dyeing, and others. The food & beverages segment is projected to witness a rapid growth rate during the projected period.

The growth of the segment is attributed to the rising use of baking soda (food grade sodium bicarbonate) in the food and beverage industry across the globe. The rising consumer preference for convenient food is increasing the need for the production of processed food.

The pharmaceuticals segment is also projected to witness considerable growth, owing to the increasing use of sodium bicarbonate as an antacid. The demand for the product is above 15% in the pharmaceutical manufacturing industry. Sodium bicarbonate is used as an antacid for the treatment of a sour stomach, indigestion, or heartburn to stabilize the pH in the body.

Why is Asia Pacific Dominating the Global Sodium Bicarbonate Market?

Growing Demand for Sodium Bicarbonate from Various End-user Industry

In terms of region, the global sodium bicarbonate market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market size of Asia Pacific is anticipated to dominate the market during the forecast period.

The large population from developing economies such as India and China has given rise to consumer demand for products from various end-user industries. These industries include the food & beverages industry, pharmaceutical industry, textile industry, rubber, and leather industry among others.

The rising demand for sodium bicarbonate from the various end-users industries is projected to boost market growth in the region. Moreover, the increasing use of sodium bicarbonate in animal feed production is also expected to fuel the market growth in Asia Pacific.

Europe is expected to be the second fastest-growing region in the global market during the forecast period owing to the increasing consumer demand for chemicals and liquid detergents. In addition, the European sodium bicarbonate market witnessed a surge in demand due to the growing use of cleaning agents, chemicals, and powdered sodium bicarbonate products in countries such as the United Kingdom, Germany, and Russia.

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