Sodium Bicarbonate Market

Sodium Bicarbonate Market Synopsis

The global Sodium Bicarbonate Market was valued at USD 4.7 billion in 2023 and is expected to grow from USD 4.9 billion in 2024 to USD 7.0 billion by 2033, reflecting a CAGR of 4.1% over the forecast period.

The sodium bicarbonate segment is vital in chemicals as it is used in multiple activities and sectors. A commonly used name for sodium bicarbonate is baking soda. It finds applications in food and drinks, drugs, products for personal care, animal feed and various industrial activities. Demand for antacids in healthcare, leavening agents in food and for treatment of both flue gases and wastewater is leading to the market’s consistent growth. In Asia-Pacific, demand is increasing mainly because of growth in industry and population. Additionally, rules that focus on using safe and eco-friendly chemicals favor sodium bicarbonate use over other harmful options.

Sodium Bicarbonate Market Driver Analysis

Increasing Use in Pharmaceuticals

In the medical field, sodium bicarbonate is significant because it helps in treating stomach acidity and is part of several drugs. As a treatment for indigestion, Maalox Neutralizes the extra acid in your stomach for fast relief from heartburn, acid indigestion and an upset stomach. Loperamide can be found in drugstore remedies and medication prescribed for issues in the digestive system. It is also commonly administered through an IV to help treat acidosis and overdoses with aspirin or tricyclic antidepressants. Because sodium bicarbonate helps balance the body’s pH, doctors turn to it in emergencies and critical care. There is an increasing need for sodium bicarbonate in healthcare because more people have digestive disorders linked to their habits, many now buy and take over-the-counter medication and pharmaceutical companies around the world are growing.

Sodium Bicarbonate Market Restraint Analysis

Storage and Handling Issues

Sodium bicarbonate is known to absorb moisture from the environment, causing it to clump, weaken and become difficult to manage. So, this tobacco must be wrapped in packaging that prevents moisture and stored in climate-controlled places, mainly if it is in a humid environment. Owing to these requirements, moving these goods becomes more challenging and labor intensive which increases transport and storage costs, mainly for pharmaceuticals and food businesses. Because of this characteristic, the sodium bicarbonate market is restrained due to the added costs of managing the supply chain.

Sodium Bicarbonate Market Opportunity Analysis

Innovation in Application Areas

Sodium bicarbonate is part of many newly developed toothpastes, deodorants, facial cleansers and skin exfoliants for its ability to help remove plaque, reduce odor and maintain a suitable pH for skin. Future uses for drugs are being explored in the pharmaceutical industry, one example being effervescent tablets and buffered solutions. They help generate more revenue and also make sodium bicarbonate more valuable in up-and-coming consumer industries. The desire for natural, safe and multi-use ingredients is increasing and because of these new ideas, manufacturers can produce different products and join higher-end markets.

Sodium Bicarbonate Market Trend Analysis

Adoption in Advanced Water Treatment

Sodium bicarbonate’s role in controlling pH and reducing acidity is prompting its use in more and more effective water treatment and purification systems. In membrane filtration, reverse osmosis and biological treatments, a buffering agent is added to increase their efficiency and extend the equipment’s lifespan. Moreover, since it is not toxic and safe for the environment, people often use it in eco-friendly water treatment systems for residences, cities and industries. As more people focus on water quality and sustainable ways to treat water, sodium bicarbonate is growing in importance for developing innovative water purification systems.

Sodium Bicarbonate Market Segment Analysis

The Sodium Bicarbonate Market is segmented on the basis of Form, Processing Method, and End-Use.

By Form

o   Crystal/powdered crystal

o   Slurry

o   Liquid

By End-Use

o   Industrial

o   Food & Beverage

o   Pharmaceutical

o   Agrochemical

o   Personal care

o   Animal feed

o   Other End-Users

By Region

o   North America (U.S., Canada, Mexico)

o   Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

o   Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

o   Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)

o   Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)

o   South America (Brazil, Argentina, Rest of SA)

By Form, Crystal/Powdered Crystal Segment is Expected to Dominate the Market During the Forecast Period

The forms discussed in this research study, the crystal/powdered crystal segment is expected to account for the largest market share of sodium bicarbonate market in the forecast period. It is mostly popular because it is easy to use, available almost everywhere and suitable for many industries. It is often used in food processing, pharmaceuticals, making animal food, personal care and household cleaning products for its fine texture, reliable quality and easy solubility. In addition, crystals are commonly applied in industries for activities like treating flue gases and purifying water, as both characteristics matter. It attracts more customers because it is cheap, long-lasting and comes in convenient packaging. Due to rising demand from different markets, crystal/powdered crystal is set to withstand competition, thanks to new ideas in making products and increased distribution efforts.

By End-Use, the Food & Beverage Segment is Expected to Held the Largest Share 

By end-use, the food & beverage segment is expected to hold the largest share of the sodium bicarbonate market during the forecast period. The increased use of sodium cyanide in baking, sweets and beverages, as well as its use to control and preserve pH in processed foods, is mainly responsible for this. Being recognized as safe and harmless, it is often chosen as an ingredient in food making. Moreover, people in urban and developing areas are buying more packaged foods because they are convenient. Driven by the desire for clean and multitasking ingredients, people more often select products that contain sodium bicarbonate. Because commercial and household food makers use milk regularly, the segment continues to dominate the world market.

Sodium Bicarbonate Market Regional Insights

Asia Pacific is Expected to Dominate the Market Over the Forecast period 

Asia Pacific is expected to dominate the sodium bicarbonate market over the forecast period, driven by rapid industrialization, urbanization, and population growth across key economies such as China, India, and Southeast Asian countries. Food and beverage production, along with an increase in pharmaceutical and personal care output, translates to high demand for sodium bicarbonate in the region. Besides, extra funds for environmental care and waste management are contributing to a rise in sodium bicarbonate use for flue gas treatment and cleaning industries. Cheap production, a large supply of raw materials and the presence of major factories help make the region more competitive. Stricter environmental rules from governments in Asia Pacific will make sodium bicarbonate a popular eco-friendly choice, furthering the region’s prominent place in the worldwide market.

Recent Development

In June 2022, Solvay Sodi, a joint venture between Solvay and Şişecam, announced the completion of a major expansion project at its Devnya facility in Bulgaria, establishing one of the world’s largest sodium bicarbonate production plants. The project boosts the plant’s sodium bicarbonate production capacity by an additional 200,000 tons, marking a significant milestone in the company’s growth and investment strategy in soda ash derivatives.

Active Key Players in the Sodium Bicarbonate Market

o   Merck KGaA

o   Solvay SA

o   Tata Chemicals Ltd.

o   Ciech SA

o   GHCL Ltd.

o   Nirma Ltd.

o   Seqens Group

o   DCW Ltd.

o   Tosoh Corporation

o   Vitro

o   Hawkins, Inc.

o   Church & Dwight Co., Inc.

o   Other Key Players

Global Sodium Bicarbonate Market Scope