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Sodium Bicarbonate Market by Application and Geography - Forecast and Analysis 2020-2024

  • Published: Aug 2020
  • Pages: 120
  • SKU: IRTNTR44768
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The sodium bicarbonate market size has the potential to grow by USD 146.89 million during 2020-2024, and the market's growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by application (animal feed, food and beverage, FGT, pharma and cosmetics, and others ) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market's competitive landscape and offers information on several market vendors, including AGC Inc., Church & Dwight Co. Inc., SEQENS GROUP, Soda Sanayii AS, Solvay SA, Tata Chemicals Ltd., Tokuyama Corp., Tokyo Chemical Industry Co. Ltd. , Tosoh Corp., and Vitro SAB De CV.

Market Overview

Sodium Bicarbonate Market Size

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Market Competitive Analysis

The sodium bicarbonate market is fragmented due to the presence of many international and regional players. Leading vendors hold strong positions in the market, and new entrants might find it difficult to compete with the products offered by the established vendors. AGC Inc., Church & Dwight Co. Inc., and SEQENS GROUP are some of the major market participants. Although the increasing demand from the food and beverage industry will offer immense growth opportunities, the threat of substitutes will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this sodium bicarbonate market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market's competitive landscape and offers information on the products offered by various companies. Moreover, this sodium bicarbonate market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • AGC Inc.
  • Church & Dwight Co. Inc.
  • SEQENS GROUP
  • Soda Sanayii AS
  • Solvay SA
  • Tata Chemicals Ltd.
  • Tokuyama Corp.
  • Tokyo Chemical Industry Co. Ltd. 
  • Tosoh Corp.
  • Vitro SAB De CV

Sodium Bicarbonate Market: Segmentation by Geography

Sodium Bicarbonate Market Market segmentation by region

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APAC was the largest sodium bicarbonate market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The increasing demand for new pharma products, cosmetics and personal care products, detergents and soaps, and chemical raw materials will significantly drive sodium bicarbonate market growth in this region over the forecast period.

56% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for sodium bicarbonate in APAC. Market growth in this region will be faster than the growth of the market in other regions.

Sodium Bicarbonate Market: Segmentation by Application

Sodium Bicarbonate Market Segmentation

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Sodium bicarbonate is used as a key ingredient in the animal feed industry. Natural feed-grade sodium bicarbonate reduces the acidic conditions while stabilizing the rumen pH and provides excellent buffering qualities. Sodium bicarbonate is used as an effective buffering agent that maintains the pH between 5.5 and 6.8. Sodium bicarbonate is used as a replacement for salt in poultry feed to make the eggshells stronger. It also provides an alternative source of sodium that helps provide drier litter and a healthy living environment. These benefits are expected to fuel the demand for sodium bicarbonate from the animal feed industry.

Market growth in this segment will be faster than the growth of the market in the FGT segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the sodium bicarbonate market size.

Sodium Bicarbonate Market: Key Drivers and Trends

The detergents sector is also witnessing growth because of the rising consumption of detergents in countries such as China and India in APAC. Similarly, there is also a high demand for detergents in countries such as the UK, Germany, and Russia. With the growing global population, the demand for detergents will increase in the coming years. This will subsequently drive the need for sodium bicarbonate since it is used as an additive in detergents for the even distribution of the cleaning agent.

Moreover, sodium bicarbonate is used in the food and beverage industry for the preparation of various products, including pancakes, rolls, soft drinks, and baked foods. Because of its stabilizing and anti-caking properties, sodium bicarbonate is used in the manufacturing of food colorants and food color gels. With the growing preference for convenience food, the coming years will witness a rise in the demand for baked and fried foods. This will subsequently drive the need for sodium bicarbonate from the food and beverage industry. This growing demand from the food and beverage industry, coupled with the growth of the detergents sector, will accelerate sodium bicarbonate market growth at a CAGR of almost 2% during the forecast period.

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Sodium Bicarbonate Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive sodium bicarbonate market growth during the next five years
  • Precise estimation of the sodium bicarbonate market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the sodium bicarbonate industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of sodium bicarbonate market vendors

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Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Animal feed - Market size and forecast 2019-2024
  • Food and beverage - Market size and forecast 2019-2024
  • FGT - Market size and forecast 2019-2024
  • Pharma and cosmetics - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by Application

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Volume driver-Demand led growth
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • AGC Inc.
  • Church & Dwight Co. Inc.
  • SEQENS GROUP
  • Soda Sanayii AS
  • Solvay SA
  • Tata Chemicals Ltd.
  • Tokuyama Corp.
  • Tokyo Chemical Industry Co. Ltd. 
  • Tosoh Corp.
  • Vitro SAB De CV

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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Sodium Bicarbonate market growth will increase by $146.89 million during 2019-2024.
The sodium bicarbonate market is expected to grow at a CAGR of 1.75% during 2019-2024.
Technavio has segmented the sodium bicarbonate market by application (Animal feed, Food and beverage, FGT, Pharma and cosmetics, and Others) and geographic (APAC, Europe, North America, MEA, and South America).
AGC Inc., Church & Dwight Co. Inc., SEQENS GROUP, Soda Sanayii AS, Solvay SA, Tata Chemicals Ltd., Tokuyama Corp., Tokyo Chemical Industry Co. Ltd. , Tosoh Corp., Vitro SAB De CV are a few of the key vendors in the sodium bicarbonate market.
APAC will register the highest growth rate of 56.04% among the other regions. Therefore, the sodium bicarbonate market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the sodium bicarbonate market growth are:
  • Growing use of feed additives
The sodium bicarbonate market vendors should focus on grabbing business opportunities from the animal feed segment as it accounted for the largest market share in the base year.
  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?
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