Sodium Bicarbonate Market Summary
As per MRFR Analysis, the Global Sodium Bicarbonate Market was valued at USD 3,387.3 Mn in 2023 and is projected to reach USD 4,800.4 Mn by 2032, growing at a CAGR of 3.95% from 2024 to 2032. The market is driven by increasing demand in the animal feed nutrition and food & beverage industries, particularly due to the rising global population and demand for ready-to-eat products. Sodium bicarbonate serves as a buffering agent in animal feed, enhancing livestock nutrition and supporting the growth of the dairy, poultry, and aquaculture sectors. Additionally, seasonal demand spikes are expected in Europe due to baking activities during festive periods.
Key Market Trends & Highlights
Key trends influencing the sodium bicarbonate market include its diverse applications and rising demand in various sectors.
- Sodium bicarbonate market size in 2023: USD 3,387.3 Mn.
- Projected market size in 2032: USD 4,800.4 Mn.
- CAGR from 2024 to 2032: 3.95%.
- Food segment expected to dominate market revenue during the forecast period.
Market Size & Forecast
2023 Market Size: USD 3,387.3 Mn
2024 Projected Market Size: USD 3,521.1 Mn
2032 Projected Market Size: USD 4,800.4 Mn
CAGR (2024-2032): 3.95%.
Major Players
Key players in the sodium bicarbonate market include Solvay, Tata Chemicals Ltd, CIECH Group, ÅžiÅŸecam, and AGC Inc.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Sodium bicarbonate Market Trend
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INCREASING USE IN ANIMAL FEED NUTRITION
With rising demand for various animal products, the agriculture industry is concentrating on increasing animal raising capacity. The need for animal feed is increasing as the dairy, chicken meat, and aquaculture sectors expand. This is increasing demand for sodium bicarbonate, which is used in animal feed. Sodium bicarbonate is used in the preparation of nutrition mixtures for poultry, cattle, and aqua products. Sodium bicarbonate is a significant source of sodium for cattle and poultry, and it adds salt to animal feed. Egg consumption is also increasing in several nations. The number of milking cows on dairy farms is growing. The aquaculture business is the main source of raw materials to the seafood industry. Quality animal feed is critical to the tremendous expansion in these businesses. Sodium bicarbonate is a significant addition for improving animal feed nutrition, which is driving growth in the sodium bicarbonate market due to rising demand for animal feed.
Currently, sodium bicarbonate is a significant component of animal diet. Sodium Bicarbonate NaHCO3 or Baking Soda is a chemical molecule having several applications in animal and poultry nutrition. Baking soda is regarded as a safe component for cattle and poultry food in the United States, and it is also authorised by the FDA. While sodium bicarbonate has a weak alkali characteristic, it has a proper buffering function and may maintain alkali and acid balance in animals' bodies by preventing rapid pH fluctuations. The use of buffering agents in animal feed is required to limit the detrimental effects of diet acidification, and as a result, buffering chemicals such as sodium bicarbonate are widely used in the feeding of cattle and poultry. In situations of acidosis, metabolic acidosis in cattle, the alkali property of sodium bicarbonate causes alkali and acid balance in the animal, and it can compensate for bicarbonate ion loss and decrease. The buffering property of pure and natural feed grade sodium bicarbonate, which is mostly utilised as a dairy cow feed additive, helps regulate rumen pH by lowering acidic conditions. In poultry feeds, sodium bicarbonate is often used as a partial substitute for salt. Sodium bicarbonate can replace one-third of the salt in chicken diets during the warm seasons. Grill operations have discovered that sodium bicarbonate is an alternate salt supply that aids in litter reduction by delivering drier litter and a healthier living habitat. Baking soda is now utilised in most chicken farms across the world, with an effective dosage of 2 to 3 kg per tonne. In the feed of dairy cattle, bovine baking soda is used as a supply of bicarbonate, and baking soda is utilised as a source of salt without chloride.
This December 2023 will witness a great increase in the prices of Sodium Bicarbonate in Europe as it is used as an essential ingredient across many industries especially baking. The demand for Sodium Bicarbonate usually soars due to massive baking activities before the festive season, which extends up to January during celebrations like New Year and Epiphany.
Sodium bicarbonate Market Segment Insights
Sodium bicarbonate by Grade Insights
The Sodium bicarbonate Market segmentation, based on grade has been segmented as Feed, Food, Technical, Pharmaceutical, and Others. Among these, the food is projected to dominate the Sodium bicarbonate Market revenue through the projected period.
Sodium bicarbonate by End-Use Insights
Based on End-Use, the Sodium bicarbonate Market is segmented as Animal Feed, Food & Beverage, Flue Gas Treatment, Personal Care & Pharmaceuticals, Detergents & Cleaning Agents, Haemodialysis, Agriculture, Chemicals, Textile, and Others. Out of which the Automobiles segment dominated base year market and is also projected to be holding a dominating share in the forecasted period as well.
Sodium bicarbonate is widely used in a variety of end use sectors, including animal feed, food & beverages, flue gas treatment, personal care & pharmaceuticals, detergents & cleaning agents, agriculture, hemodialysis, chemicals, textiles and others. Because of its varied properties, sodium bicarbonate is used in manufacturing such as bread & bakery products, toothpaste, skin care products, hair care products, toothpaste, deodorants, cleaning agents, antacids, first-line treatment medications, animal feeds and more. Some of the sodium bicarbonate-based end use industry players are LUSH, Elmex, Novafeed SA, Lotus Botanicals LLP, and Arm & Hammer. Although end users may not directly contribute to the value of the sodium bicarbonate market, they have a significant effect on market dynamics. They have an impact on market demand, as well as trends and technical breakthroughs in the sodium bicarbonate industry. Market participants that use innovation to acquire a competitive edge and expand their presence will boost market revenue growth even further.In December 2023, Solvay partnered with NEOM’s energy and water company, ENOWA, to establish the first-ever carbon-neutral soda ash plant in Saudi Arabia’s NEOM.
Sodium bicarbonate Regional Insights
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
By Region, the study segments the Sodium bicarbonate market into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. The Asia-Pacific market accounted for a comparatively significant revenue share in 2022. This is due to the quick uptake of carbon pricing, rising popularity of sustainability and renewable energy, and tightening regulations for effective waste management. The federal government of Canada has established a goal of achieving net-zero carbon emissions by the year 2050 and is trying to enhance the use of renewable energy sources like wind and solar power while also moving away from fossil fuels. The administration in the United States has pledged to reduce emissions by 40%–50% below 2005 levels by 2030, which includes making investments in renewable energy sources, establishing a clean electricity standard, and raising fuel efficiency standards.
Sodium bicarbonate Key Market Players & Competitive Insights
The Sodium bicarbonate Market is characterized by the presence of many global, regional, and local vendors. The market is highly competitive with all the players competing to gain maximum market share. Rapid advancements in processes, manufacturing and the growing application of Sodium bicarbonate in end-use industries are the key factors that affect global market growth. The vendors compete based on cost, product quality, availability, and reliability of the products. The vendors must provide cost-effective and high-quality Sodium bicarbonate to compete in the market. The competitive scenario is fragmented between tier-1 and tier-2 companies.
The growth of the vendors is dependent on market conditions, government support, and industrial development. Thus, the vendors should focus on expanding their presence and improving their services. Solvay, Tata Chemicals Ltd, CIECH Group, ÅžiÅŸecam and AGC Inc.are some of the key players operating in the global market. These companies compete in terms of availability, quality, price, and technology. They consider product development as their key strategy in the Sodium bicarbonate Market.
Additionally, the companies are following both organic and inorganic strategies to strengthen their presence in the global market. They are focusing on product development and expansion to expand their product portfolio and enhance their customer relationship. Additionally, companies are also investing in the development of new and advanced systems with more safety measurements.
Solvay: Solvay focuses on innovation. It is seeking to be customer-centric by implementing growth strategies such as expansion, technology transfer, and product launches. Its recent upgradation in the portfolio is the first step toward innovation. The concept of progress has been at the heart of Solvay since its inception more than 150 years ago, driving the business to many of its defining successes. Bonding is the vital force that drives progress in an organization. Solvay's humanistic and scientific ethos has always been guided by such core ideals.
Tata Chemicals: The mission of Tata Chemicals Limited is to serve society through science. The company's aim is to be a leading sustainable chemical solutions company, supplying customers with differentiated, creative, science-led products and solutions. The company's goal is to use the benefits of science for purposes other than profit. The key values of the company are safety, passion, integrity, care, and excellence.
Key Companies in the Sodium bicarbonate Market includes.
Sodium bicarbonate Industry Developments
June 2022: Solvay and Sisecam Unveil Sodium Bicarbonate Plant in Bulgaria. At the Devnya facility in Bulgaria, Solvay Sodi, a joint venture between Solvay and Sisecam, announced the outcome of another significant investment project. This development project boosts capacity for the production of sodium bicarbonate – a derivative of soda ash – at the facility by 200,000 tons..
June 2022, Solvay Sodi unveils one of the largest sodium bicarbonate plants in the world. Solvay Sodi, a joint-venture between Solvay and Sisecam, unveiled the result of another large-scale investment project at the Devnya plant in Bulgaria. This growth project increases capacity for the production of sodium bicarbonate – a derivative of soda ash – at the plant by 200,000 tons.
In June 2023, the US exported about 541,000 tons of sodium carbonate, indicating a -12.2% decrease compared to the previous month. Nonetheless, exports have been relatively steady, showing some slight fluctuations; it recorded the highest growth rate in May 2023, when there was a rise of 37% month-on-month, reaching its climax at 616,000 tons and then sliding back down again over the next month. In total value terms, June 2023 had the least export volumes, standing at $180 million.
Sodium bicarbonate Market Segmentation
Sodium bicarbonate Grade Outlook
Sodium bicarbonate End-Use Outlook
- Personal Care & Pharmaceuticals
- Detergents & Cleaning Agents
Sodium bicarbonate Regional Outlook
- Middle East & Africa
- Rest of Middle East & Africa
| Attribute/Metric |
Details |
| Market Size 2023 |
USD 3,387.3 Mn |
| Market Size 2024 |
USD 3,521.1 Mn |
| Market Size 2032 |
USD 4,800.4 Mn |
| Compound Annual Growth Rate (CAGR) |
3.95 % (2024-2030) |
| Base Year |
2023 |
| Forecast Period |
2024-2030 |
| Historical Data |
2019 & 2021 |
| Forecast Units |
Value (USD Million) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
By on Feedstock, type, application, and region, and By Region |
| Geographies Covered |
North America, Europe, Asia Pacific, Middle East & Africa, and South America |
| Countries Covered |
US, Canada, Mexico, Germany, France, UK, Italy, Spain, China, Japan, India, South Korea, Saudi Arabia, UAE, South Africa, Brazil, Argentina |
| Key Companies Profiled |
Solvay, Tata Chemicals Ltd, CIECH Group, Şişecam and AGC Inc. |
| Key Market Opportunities |
·      Increasing use in animal feed nutrition |
| Key Market Dynamics |
·      Growing use of baking soda in personal care products |
Sodium Bicarbonate Market Highlights:
Frequently Asked Questions (FAQ) :
Solvay, Tata Chemicals Ltd, CIECH Group, ÅžiÅŸecam and AGC Inc. and others.
