The global sodium bicarbonate market is estimated to augment at a CAGR of 5.02% escalating from USD1.464 billion in 2019 to achieve USD1.964 billion by the end of 2025.
Sodium bicarbonate, is commonly known as baking soda, is one of the key ingredients in bakery products. The growing bakery industry will continue to propel the market demand during the forecast period. It is also utilized in the animal feed industry, further propagating the market growth during the forecast period. Other applications include flue gas treatment, as a key ingredient in detergents and cleaning agents, chemical industry, pharmaceuticals, personal care and cosmetics, and many more. The major players in the sodium bicarbonate market include Solvay, CIECH Group, Tata Chemicals, and Ciner Group. The companies expanding the production capacity of sodium bicarbonate are further providing an impetus in fueling the market growth during the forecast period. Furthermore, the expansion of retail channels, online and offline are further propagating the market growth during the forecast period. The growing e-commerce industry is contributing to increasing the online sales worldwide. In the current COVID-19 scenario, it was observed that due to the high utilization of sodium carbonate in varied end-use sectors, the market remained resistant and production continued. Thus, the novel coronavirus infection scenario did not have any negative effect on the growth of the global sodium bicarbonate market. On the basis of grade, the market is segregated into food grade, pharma grade, feed grade, and technical grade. On the basis of geography, the market is segmented into North America, South America, Europe, Middle East and Africa, and Asia Pacific regions. Europe is projected to hold a significant market share as this is a mature market and is not affected by rapid changes.
The growing food and beverage industry is supporting the market growth during the forecast period.
Sodium bicarbonate is utilized as one of the ingredients in the food industry in varied ways. It is also termed as a multipurpose ingredient as well. The most common use is in the baking industry and is capable of improving foods in various ways. It is utilized as a leavening agent and helps in providing volume to the bakery formulations such as cakes, crackers, and wafers. A baking powder consist of three types of ingredients including sodium bicarbonate, one acid ingredient like citric acid or sodium acid pyrophosphate, and one bulking agent such as maize starch. Hence, with the changing consumer living conditions, their preference and tastes are also evolving, thus, manufacturers in the food industry are working on offering innovative bakery products that demand baking powder. This is further supported by the growing urbanization, increasing disposable income, and increasing consumer spending ability on premium food products. According to the World Bank statistics, the urban population in 2014 was recorded as 3.877 billion and is estimated to reach 4.274 billion by the end of 2019.
The chemical, sodium bicarbonate is utilized as a pH buffer. This is further used for the regulation and maintenance of the pH of the solution. It has been noticed on a wide scale that several food formulations contain NaHCO3 in the form of pH buffer. The food products include instant noodles, and beverages that include energy drinks, and ready to drink coffee and teas. With the growing adoption of ready to eat foods, the market is projected to grow at a significant growth rate during the forecast period. Additionally, the use of sodium bicarbonate in this way helps in providing the following benefits, the better control of the pH of the end-product prolongs the shelf-life of the product and thus provides better stability. The regulation of pH helps in avoiding an acid media that would result in bacterial proliferation. Also, sodium bicarbonate aids in regulating the stomach pH and assists in the digestion. Such benefits are providing an opportunity for the market to propel during the forecast period due to the rise in customer demand.
Beverage manufacturers use sodium bicarbonate as an effervescent agent, this is used in conjunction with an acid agent and they react together releasing carbon dioxide. This property is used by the manufacturers for formulating sparkling drinks. In addition, the effervescent powder is utilized for producing foam for powder drinks such as cappuccino or energy drinks in powder format.
With the growing animal feed industry, the utilization of sodium bicarbonate in animal nutrition is further contributing to burgeoning the market growth during the forecast period.
Sodium bicarbonate is utilized as a cow feed supplement where feed grade sodium bicarbonate assists in the stabilization of rumen pH through the reduction of acidic conditions. The companies offering feed grade sodium bicarbonate provides superior palatability as well, further augmenting the market growth during the forecast period. In the case of poultry nutrition, sodium bicarbonate is fed in the form of partial replacement for salt in poultry rations. With growing poultry sector, the market for sodium bicarbonate in poultry nutrition will continue to propagate in the forecast period.This is further attributed to the increasing purchasing power of individuals worldwide and growing urbanization, in addition to increasing population. Advancements in breeding is giving rise to birds that are capable of fulfilling specialized purposes and thus, are more productive, hence, demand expert management. As per the USDA 2020 report for livestock and poultry: world markets and trade, the global production of chicken remains higher in 2020. It has been noticed that the traditional pioneer suppliers, Brazil and the USA are predicted to withstand the trade disruptions due to the novel coronavirus pandemic crisis in comparison to the emerging exporters. The total chicken meat production grew from 91,148 (in 1,000 Metric Tons) in 2016 to 100,026 (in 1,000 Metric Tons) in July, 2020. On the other hand, the total domestic chicken meat consumption accounted for 89,614 thousand Metric Tons in 2016, and increased to 97,908 thousand Metric Tons in July 2020.
The increasing sodium bicarbonate production capacity along with other initiatives by the companies will further enhance the market growth during the forecast period.
In 2019, Solvay announced to increase production capacity of soda ash and sodium bicarbonate in the United States and Bulgaria. The company is poised to enhance the sodium bicarbonate production capacity by 200 kilo tonnes in its Devnya plant situated in Bulgaria. This growth is a part of company’s expansion strategy in order to address the global demand for the treatment of flue gas for improvement of the air quality. The total investment is accounted to USD202 million dollars for the next three years. The sodium bicarbonate capacity growth is a part of the company’s current joint operation with Sisecam. The novel production line is projected to be in operation by 2020. It is poised for the production of solvair sorbents, solutions that are sodium-based for the treatment of exhaust gases from the factories, ships, NaHCO3 buffer for animal nutrition, and incineration plants.
Tata Chemicals Europe, in 2019, announced that it will be manufacturing sodium bicarbonate through its carbon capture & utilisation (CCU) project. The project further aims for reducing the company’s carbon emissions. The United Kingdom’s first large-scale project, the plant represents the world’s first, in capturing and purification of carbon dioxide from the plant emissions for utilization as an important raw material for the manufacturing of high purity sodium bicarbonate. The project, thus paves a path for decarbonizing the industrial activity. This will further contribute to playing a major role in encouraging the Government’s target of achieving net zero carbon emissions by the end of 2050.
The use of sodium bicarbonate in pharmaceuticals and as an ingredient in cosmetic and personal care formulations are further surging the market demand during the forecast period.
The utilization of sodium bicarbonate as an active ingredient or in the form of an excipient in many pharmaceutical formulations will continue to thrive the market demand during the forecast period. The chemical is widely utilized in the form of buffering agent in antacids, effervescent tablets, and dialysis solutions. Due to the adoption of unhealthy lifestyle, there are frequent issue of people suffering from indigestion issues, hence, demanding the utilization of medicines that contain sodium bicarbonate as an API, further propelling the market growth during the forecast period. It is estimated that around 60% of the people worldwide suffer from digestive issues that include constipation, indigestion, and diarrhoea. On the basis of gender, women are more likely to affect from digestion problems compared to men. The scope in the coming years is projected to widen with the use of sodium bicarbonate in haemodialysis, with the growing disease incidences such as kidney diseases due to diabetes, further strengthening the market demand in the forecast period. Furthermore, with the growing use of cosmetics and personal care solutions worldwide, the market is projected to grow in the forecast period. The chemical is used in the varied bath formulations, hair preparations, and skin formulations. It is used for controlling the acid-base pH of cosmetic formulations. Additionally, the chemical can be utilized in the form of an abrasive, an agent for oral care, and an agent for deodorant.