Global Sodium Bicarbonate Market Size, Share, Growth Analysis, By Grade(Food, Pharmaceutical), By Form(Slurry, Crystal) - Industry Forecast 2023-2030

Global Sodium Bicarbonate Market size was valued at USD 1.42 Billion in 2022 and is poised to grow from USD 1.49 Billion in 2023 to USD 2.24 Billion by 2031, at a CAGR of 5.2% during the forecast period (2024-2031).

Due to our increasingly busy and fast-paced lifestyles, there will be a surge in global demand for convenience foods, driving market growth. Americans, in particular, show a preference for processed foods over freshly prepared ones, leading to a significant decline in food prices in recent years. Consumers lean towards foods that can be quickly prepared or require minimal cooking. This trend is expected to boost the convenience food industry, consequently increasing the demand for sodium bicarbonate in the foreseeable future. Sodium bicarbonate, commonly used in the food industry to regulate acidity, prevent caking, and extend product shelf life, will see heightened demand, driven by increased sales of cakes, wafers, crackers, and various other food items like confectioneries, ciders, dairy, and cereals. Moreover, the adoption of practices such as treating insects in farmlands and washing pesticides off fruits and vegetables has led to a rise in the use of sodium bicarbonate in agrochemicals. Its eco-friendly nature makes it a preferred choice as a natural insecticide in agricultural farms, further contributing to the anticipated growth in demand for sodium bicarbonate. Federal regulatory authorities, under § 184.1736, have acknowledged sodium bicarbonate as an authorized ingredient for use in additives, food enzymes, and food flavourings, further facilitating its widespread adoption. With government support and expanding applications in the food industry, the sodium bicarbonate market is expected to witness accelerated growth in the years ahead.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Sodium Bicarbonate and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analysed to get the final quantitative and qualitative data.

Global Sodium Bicarbonate Market Segmental Analysis

Global Sodium Bicarbonate Market is segmented on the basis of form, grade and region. By grade, the market is segmented into food, pharmaceutical, technical. By form, the market is segmented into slurry, crystal, liquid. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Drivers of the Global Sodium Bicarbonate Market

Sodium bicarbonate serves as a pH regulator and soil enhancer in agriculture, aiding in the improvement of crop yields. It works to neutralize acidic soils and enhance the availability of nutrients for plants. Additionally, in animal feed, sodium bicarbonate is incorporated to promote better digestion, alleviate acidosis in ruminants, and optimize feed efficiency.

Sodium bicarbonate finds diverse applications in health and personal care. It serves as a natural solution for minor skin irritations, insect bites, and sunburn, offering relief. Additionally, sodium bicarbonate is utilized in bath salts, foot soaks, and skin exfoliants, owing to its cleansing and soothing characteristics.

Restraints in the Global Sodium Bicarbonate Market

Sodium bicarbonate encounters competition from substitute products and alternatives across different applications. For example, alternative leavening agents could be employed in food applications, while alternative pH regulators might be utilized in industrial processes. The presence of substitutes and alternatives has the potential to constrain the growth prospects of the sodium bicarbonate market.

Market Trends of the Global Sodium Bicarbonate Market

The application range of sodium bicarbonate is expanding across diverse industries, extending beyond its conventional uses. For instance, within the energy sector, sodium bicarbonate is now being applied in carbon capture and storage (CCS) technologies to mitigate greenhouse gas emissions. Furthermore, sodium bicarbonate is increasingly being integrated into various cosmetic products such as natural deodorants, exfoliating scrubs, and hair care items. This broadening application scope across different sectors is fuelling the demand for sodium bicarbonate.