Sodium Bicarbonate (NaHCO3)

Sodium Bicarbonate (NaHCO3) Global Market Outlook

• China is the major producer and consumer of sodium bicarbonate and exported about 600 KMT in 2020, mainly to South East Asian countries. Growing food and beverage industry, with the rise in demand for fast food, due to rapid urbanization on the account of developing countries in South East Asia, is expected to boost global sodium bicarbonate market

Sodium Bicarbonate Global Demand by Application

• Food and feed industry is the biggest consumer of sodium bicarbonate Global and a major demand driver.

• The increasing utilization of sodium bicarbonate in the food and beverage industry and in the production of dishwashers and other cleaning agents are fuelling demand growth.

Sodium Bicarbonate Industry Drivers and Constraints

Drivers

Demand to be the major driver of sodium bicarbonate

• Demand growth is expected to be fuelled by rapidly growing pharmaceutical and chemical industry as well as growth in food and beverage industry on account of increasing demand for packaged food worldwide

Agro Industry:

• The sodium bicarbonate market is witnessing high demand from agrochemical industry. Growing usage of sodium bicarbonate product in pesticides and insecticides is accelerating market growth

Personal Care:

• Shift in consumer preferences toward grooming products is enhancing the sodium bicarbonate market growth in personal care industry. Excellent features of sodium bicarbonate for instance neutralizing and soothing, make it suitable application in personal care industry

Constraints

• Side Effects: High consumption of sodium bicarbonate for longer period can cause severe health problem such as allergic reactions, arthritics and breathing problem–which is expected to lower demand growth

• Increasing application of yeast and sodium acetate over sodium bicarbonate in pharmaceutical, food and beverage, and home care industries will hinder sodium bicarbonate market growth

Global Imports : Sodium Bicarbonate

• South Korea is the largest importer of sodium bicarbonate, with major imports coming from China. European importers are dependent on Turkish material to meet domestic demand.

Global Exports : Sodium Bicarbonate

• China and Turkey are the biggest exporters of sodium bicarbonate globally. China mainly focuses on Asian markets for exports, whereas Turkish exports are destined to Europe and Africa.