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Sodium Bicarbonate Market Size

  • Report ID: GMI2386
  • Published Date: Nov 2024
  • Report Format: PDF

Sodium Bicarbonate Market Size

The global sodium bicarbonate market was valued at USD 6.5 billion in 2023 and is estimated to grow at a CAGR of over 3.8% from 2024 to 2032.

 

The demand for sodium bicarbonate is driven by its wide range of applications across various industries, including food and beverages, pharmaceuticals, personal care, and environmental solutions. In the food industry, it is commonly used as a leavening agent in baking, as well as a key ingredient in antacids and dietary supplements in the pharmaceutical sector. Additionally, the rising demand for environmentally friendly products has bolstered the use of sodium bicarbonate in air pollution control systems, particularly for flue gas desulfurization and reducing sulfur emissions from industrial plants.
 

Another significant driver is the growing use of sodium bicarbonate in animal feed. It is widely used as a feed additive to enhance digestion in livestock and poultry, which contributes to better overall health and productivity. The expanding livestock industry and the rising consumption of meat and dairy products globally are further fuelling demand for this product. Moreover, increasing consumer preference for natural and organic products has led to higher demand for sodium bicarbonate in personal care items like toothpaste and deodorants, further driving market growth.
 

Authors: Kiran Pulidindi, Akshay Prakash

Frequently Asked Questions (FAQ) :

The global market size for sodium bicarbonate was valued at USD 6.5 billion in 2023 and is expected to reach USD 9.2 billion by 2032, driven by a CAGR of over 3.8% from 2024 to 2032.

The food & beverage sector held a 22.7% market share in 2023, driven by its widespread applications in food processing and preservation.

The U.S. market was valued at USD 598.3 million in 2023, driven by its large-scale industrial production capacity and strong demand across diverse industries.

Major players in the industry include CIECH, Ciner Group, Church & Dwight, Crystal Mark, FMC, Haohua Honghe Chemical, Natural Soda, and Opta Minerals.

Sodium Bicarbonate Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 13
  • Tables & Figures: 300
  • Countries covered: 18
  • Pages: 380
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