Sodium Bicarbonate Market Overview:
Available in a white crystalline powdered form, commercially produced sodium bicarbonate is commonly referred to as baking soda. The product finds a broadening number of applications in animal feed, food & beverages, pharmaceuticals, specialty chemicals, and flue gas desulphurization. The food & beverages industry is one of the prime consumers of sodium bicarbonate. Some of the common applications it holds in the industry are as odor absorbent, in ready-to-eat cakes and pastries, cleaning agent, and in fruit washing agent. Baking soda is used in various processed food items for controlling its pH levels and for improving the shelf-life and stability. In recent years, there has been a massive shift in trend concerning the consumption of processed and packaged food items.
This is majorly due to the evolving lifestyle. Also, there has been a growing usage of baking soda as a deodorizing agent for various personal care products, thereby driving the demand for the market. However, the emergence of new substitutes can cause the growth of the market to be hampered during the forecast period. Additionally, potential health hazards and environmental implications are other key factors influencing that can influence the market.
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Sodium Bicarbonate Market Key Players:
The prominent players profiled in the report by MRFR on the global sodium bicarbonate market are;
- Tata Chemicals Ltd. (India)
- Solvay S.A. Chemicals Company (Europe)
- Church & Dwight, Inc. (the U.S.)
- FMC Corporation. (the U.S.)
- Blue Bird Foods India Pvt. Ltd. (India)
- Tosoh Corporation (Japan)
- Asahi glass co. ltd (Japan)
Sodium Bicarbonate Market Regional Analysis:
Geographically, Asia Pacific emerged as the leading market for Sodium Bicarbonate followed by North America and Europe in 2016. The Asia Pacific region provide huge growth potential for Sodium Bicarbonate and is estimated to register highest CAGR due to increasing industrial investment specifically in China. Moreover, end use industrial growth in various countries of Asia Pacific such as South Korea, India, Japan, China, Thailand, Vietnam, and Malaysia.
Furthermore, increasing investment by major companies and shifting of production facilities in this region is predicted to regional market growth. North American market is predicted to witness moderate growth due to increased demand from end use industries such as pharmaceutical and food & beverage. Europe is estimated to witness steady growth owing to the significant growth of textile and personal care industries.
Sodium Bicarbonate Market Segmentation:
MRFR report states that the global sodium bicarbonate market is segmented on the basis of application, end users and region.
By application, the global sodium bicarbonate market is segmented on the basis of 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 on the basis of 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.
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