Sodium Bicarbonate Market Share, Size and Growth Analysis By 2029

The sodium bicarbonate market is projected to expand from US$ 1,596.37 million in 2021 to US$ 2,133.33 million by 2028, reflecting a compound annual growth rate (CAGR) of 4.3% during the period from 2021 to 2028.

Sodium bicarbonate, represented by the chemical formula NaHCO?, is a versatile compound utilized across various sectors, including food and beverages, pharmaceuticals, agriculture, and cosmetics and personal care. The primary driver of the global sodium bicarbonate market is the rising consumption of baked goods. Products such as bread, biscuits, cookies, pastries, pies, and desserts are staples in many diets worldwide. Furthermore, the expanding food and beverage industry in numerous countries significantly contributes to the demand for sodium bicarbonate, given its extensive applications within this sector.

Additionally, the market is bolstered by the increasing need for sodium bicarbonate in the animal feed industry, which is experiencing growth alongside the dairy and poultry sectors. This trend is further enhancing the market's expansion. The cosmetics and personal care industry is also a significant contributor to market growth, as sodium bicarbonate is commonly used for skin cleansing purposes. Many hair care product manufacturers incorporate sodium bicarbonate due to its ability to blend with oils and fats. Its properties allow it to react with odor-causing substances and absorb moisture, making it a popular ingredient in natural deodorants. However, concerns regarding the environmental impact of sodium bicarbonate may pose challenges to market growth.

The global sodium bicarbonate market is categorized by grade into food grade, pharmaceutical grade, feed grade, technical grade, and others. In 2021, the technical grade and others segment dominated the market share. Technical grade sodium bicarbonate is primarily utilized in commercial and industrial applications, including cleaners and various products not intended for human consumption. The refined grade is employed in diverse industrial applications, such as specialty chemical synthesis, high-quality dye production, leather processing, and metallurgy. The increasing demand for technical grade sodium bicarbonate across these sectors is driving its market growth.

In 2021, the Asia Pacific region accounted for the largest revenue share in the global sodium bicarbonate market. Key contributors to this market include Australia, China, India, Japan, and South Korea. The high demand for sodium bicarbonate in the food and beverage, agriculture, pharmaceutical, chemical, and cosmetics sectors in this region is a significant factor propelling market growth. Asia Pacific is recognized as a major market for sodium bicarbonate, particularly in the bakery and agricultural industries. The region's growing population has heightened the demand for food crops, leading to increased use of crop protection chemicals, including sodium bicarbonate, to enhance agricultural productivity. Major players in the Asia Pacific sodium bicarbonate market include GHCL Limited, Solvay S.A., and Ciech Group. Recently, these companies have made substantial investments in research and development initiatives, which are expected to further stimulate market growth.

Key global players in the sodium bicarbonate market include Solvay S.A., Tosoh Corporation, Burwell Technologies, All Chemical Manufacturing & Consultancy Pty Ltd, Pon Pure Chemicals Group, Church & Dwight, Inc., Si?ecam, AGC Inc., Ciech S.A., and GHCL Limited. These companies are actively pursuing strategies focused on research and development to enhance their product offerings. They are dedicated to creating high-quality and innovative products that meet customer needs.

The overall size of the global sodium bicarbonate market has been determined through a combination of primary and secondary research methods. The research process began with extensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data related to the market. Additionally, numerous primary interviews were conducted with industry participants to validate the data and gain deeper analytical insights. Participants included industry experts such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the sodium bicarbonate market.