Sodium Bicarbonate Market Overview:
As per Market Research Future (MRFR’s) projection, the global market for sodium bicarbonate will expand at a CAGR of 4.85%. Sodium bicarbonate is a common industrial ingredient used in food processing, feed processing, pharmaceutical manufacturing and chemical manufacturing. Sodium bicarbonate has a strong pedigree in animal feed and F&B sectors.
The F&B sector accounts for a significant amount of the global sodium bicarbonate demand that is currently present. It is added in processed food such as ready-to-eat cakes as chemical leavening agent cleaning agent, odor absorbent, etc. For processed food items, it’s important that they remain fresh and preserved for longer duration, which is usually attained by using various types of food grade preservatives including sodium bicarbonate.
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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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