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Global Sodium Bicarbonate Market 2019-2023 | Industry Analysis and Forecast | Technavio

LONDON–(BUSINESS WIRE)–lt;a href="https://twitter.com/hashtag/Chemicals?src=hash" target="_blank"gt;#Chemicalslt;/agt;–Technavio’s global sodium bicarbonate market research report forecasts
the market to grow at a CAGR of nearly 2% during the forecast

The growing use of sodium bicarbonate as a deodorizing agent will be one
of the major trends in the global
sodium bicarbonate market
during 2019-2023. Sodium
bicarbonate is used to neutralize the acidity in the body, which assists
it in absorbing odor and acts like a deodorant. It is a natural
deodorizing product, which helps in improving the pH level of the body.
Baking soda or sodium bicarbonate is free of chemical additives that are
usually found in synthetically produced products.

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According to Technavio analysts, one of the key drivers for the global
sodium bicarbonate market is the increasing demand from food and
beverage industry:

Global sodium bicarbonate market: Increasing
demand from food and beverage industry

Sodium bicarbonate is mostly used in the food and beverage industry in
the preparation of an extensive range of food products such as cakes,
pancakes, rolls, muffins, cookies, soda bread, breads, sports drinks,
soft drinks, and other baked and fried foods. It is mainly used as an
effervescent agent in food and beverage products. Sodium bicarbonate is
a leavening agent, which is commonly used for dough rise.

According to a senior research analyst at Technavio, “Sodium
bicarbonate is used in the production of many soft drinks, soda drinks,
and sports drinks. It creates CO2 in beverage products when mixed with
an acidic compound such as carbonic acid and phosphoric acid. Thus, it
is found in several carbonated and cola drinks. Sodium bicarbonate is
also used in the manufacture of food colorants and food color gels owing
to its stabilizing and anticaking properties.”

Global sodium bicarbonate market: Segmentation

This global sodium bicarbonate market analysis report provides market
segmentation by application (animal feed, food and beverage, FGT, pharma
and cosmetics, and others) and by region (the Americas, APAC, and EMEA).
This report provides an in-depth analysis of the prominent factors
influencing the market, including drivers, opportunities, trends, and
industry-specific challenges.

Of the four major applications, the animal feed segment held the largest
sodium bicarbonate market share in 2018, contributing to around 27% of
the market. This application segment will dominate the global market
throughout the forecast period.

The APAC region held the largest share of the market in 2018, followed
by EMEA and the Americas respectively. The APAC region is expected to
dominate the market throughout the period 2019-2023.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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