Sodium Bicarbonate Market

The global sodium bicarbonate market is projected to grow at a CAGR of 5.02% during the forecast period from 2019 to 2025. The market was valued at USD 1,068.2 million in 2018 and is estimated to reach USD 1,498.2 million by the end of 2025. The prominent factors driving the growth of this market are the increasing use of sodium bicarbonate in animal nutrition and surging demand for the product in the food industry. Additionally, growing use of baking soda as a deodorizing agent in personal care products is likely to propel the market growth in the years to follow.

However, the emergence of substitutes to sodium bicarbonate in medical and food applications may hinder the growth of the market during the review period. Furthermore, environmental impact and health hazards of sodium bicarbonate may pose a significant challenge for the market growth in the coming years.

The global sodium bicarbonate market is segmented on the basis of grade, end user, and region.

On the basis of grade, the market is categorized into feed, food, technical, and pharmaceutical. Among them, the feed grade accounted for the largest market share of 45.00%, by value, in 2018 and is estimated to grow at a CAGR of 5.14% during the forecast period. This can be mainly attributed to the large-scale consumption of sodium bicarbonate in the animal nutrition industry. It helps in regulating the acid and stabilize rumen pH by reducing acid conditions, thus improving animal feeding efficiency. The food grade segment is expected to be the fastest growing segment, at the highest CAGR of 5.56% during the review period. This is mainly due to the increasing use of baking soda in the bakery and confectionary products coupled with the robust growth of the bakery industry.

Based on end user, the market is categorized as animal feed, food & beverages, flue gas treatment, personal care & pharmaceuticals, detergents & cleaning agents, hemodialysis, agriculture, chemicals, textile, and others. The animal feed was the largest end user of sodium bicarbonate in 2018 and is projected to reach USD 409.7 million by the end of 2025 at a CAGR of 5.83%. Majority of the sodium bicarbonate produced is consumed by the animal nutrition industry to produce animal feed. Sodium bicarbonate is widely used in animal feed owing to its positive effect on feed consumption and milk production, sodium supply, and pH control for cattle, laying hens, broilers, turkeys, and pigs. It aids in increasing the productivity of the animals without affecting their health, providing chloride & sulfur-free sodium diet. Poultry is the fastest growing agricultural sub-sectors, especially in developing countries, which is expected to boost demand for animal nutrition in this sector. The food & beverages segment is witnessing the highest CAGR of 6.42% during the forecast period owing to increasing demand for sodium bicarbonate in the baking products as a leavening agent coupled with significant growth of bakery industry.

Geographically, in 2018, the market was dominated by Asia-Pacific with a market share of 43.00% and is projected to grow at the highest CAGR of 5.71% to reach USD 683.6 million by the end of 2025. The prominent factor driving the growth of this regional market is the strong growth in demand for the product in the leading end-use applications, such as animal nutrition, food & beverages, personal care & pharmaceuticals, and agriculture. Moreover, the rapid urbanization and significant growth of the food industry mingled with favorable government policies may boost the growth of this regional market.