Sodium Bicarbonate Market 2019 Growth Share, Future Demand, Industry Size, Revenue, Application, Manufactures, Business Opportunities and Global Forecast to 2023

Sodium Bicarbonate Market Research Report by Grade (Feed, Food, Technical, Pharmaceutical), End-User (Feed, Food & Beverages, Flue Gas Treatment, Personal Care & Pharmaceuticals, Detergents & Cleaning Agents, Hemodialysis, Agriculture, Chemicals, Textile, Others), and Region – Forecast to 2023

Pune, India - August 23, 2019 /MarketersMedia/ —

Sodium Bicarbonate Market Overview:
The global sodium bicarbonate market is expected to garner a CAGR of 4.8% during the review period and is expected to strongly surpass its current valuation of USD 1,300 million.

Available in a white crystalline powdered form, commercially produced sodium bicarbonate is commonly referred to as baking soda. The product finds a broadening number of applications in animal feed, food & beverages, pharmaceuticals, specialty chemicals, and flue gas desulphurization. The food & beverages industry is one of the prime consumers of sodium bicarbonate. Some of the common applications it holds in the industry are as odor absorbent, in ready-to-eat cakes and pastries, cleaning agent, and in fruit washing agent.

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Sodium Bicarbonate Market Key Players:
• Tata Chemical Ltd.,
• Solvay, Sisecam Group,
• Tosoh Corporation,
• Novacap,
• KAZAN SODA ELEKTRIK,
• Church & Dwight Co., Inc.,
• Bashkir Soda Company,
• CIECH Group,
• NATURAL SODA LLC, AGC Inc,
are some of the leading companies mentioned in MRFR’s report.

Sodium Bicarbonate Market Segments Analysis:
The global sodium bicarbonate market segmentation is done on the basis of end-user and grade.

By grade, the market is segmented into pharmaceutical, food, feed, and technical. With 45.05% of the market share till 2017, the feed grade segment holds the leading position in the global standings. The market is further expected to grow at a gradual pace during the forecast period. The increasing animal feed production has steered forward a far greater requirement of sodium bicarbonate. On the other hand, the food grade segment is expected to register a high CAGR during the forecast period. This growth of the segment is primarily due to the growing usage of baking soda in bakery and confectionary items. With the bakery industry projected to grow in numbers in the forthcoming years, it will, in turn, steer the demand for the food grade segment in the sodium bicarbonate market.

By end-user, the market divides into flue gas treatment, animal feed, food & beverages, food & beverages, detergents & cleaning agents, personal care & pharmaceuticals, hemodialysis, textile, chemicals, and others. Herein, the animal feed segment is a highly attractive end-user market and is expected to remain the same in the forthcoming years.

Sodium Bicarbonate Market Regional Analysis:
The global sodium bicarbonate market is geographically segmented into the following key regions: Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa (MEA).

Geographically, the market is spearheaded by the Asia Pacific region. The region holds the maximum market share and is expected to witness a compound annual growth of 5.56% during the forecast period. In this region, the growth of various industries like the food & beverages, animal nutrition, agriculture, and the personal care & pharmaceutical sector has led to the increasing demand for sodium bicarbonate. This has propelled the regional market and has positioned it into the top and will continue to contribute in the same manner. Other factors that are influencing the global sodium bicarbonate market in the Asia Pacific region is the rapid scale industrialization and the surging per-capita income of.

Sodium Bicarbonate Market Table of Content to be Continue……...,

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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact Info:
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Email: Send Email
Organization: Market Research Future
Address: Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India
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Website: https://www.marketresearchfuture.com/reports/sodium-bicarbonate-market-2632

Source URL: https://marketersmedia.com/sodium-bicarbonate-market-2019-growth-share-future-demand-industry-size-revenue-application-manufactures-business-opportunities-and-global-forecast-to-2023/88911654

Source: MarketersMedia

Release ID: 88911654

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