Published on: May 2022
The market overview of Sodium Bicarbonate
The global market for Sodium Bicarbonate, which was anticipated to be worth US$1.3 billion in 2020, is expected to expand to US$1.7 billion by 2026, at a CAGR of 5.2 percent over the forecast period.
Why is there a rise in demand for Sodium Bicarbonate in the global market?
Rising demand from a variety of end-use sectors is expected to propel the global market forward. The cheap availability and inexpensive production cost of sodium bicarbonate contribute to its high demand. In the future years, the food and beverage industry is projected to remain one of the most appealing areas for sodium bicarbonate.
This market sector now controls 12% of the worldwide Sodium Bicarbonate market. Electrolyte replenishers, topical cleansing treatments, systemic alkalizers, and buffering agents are all made from sodium bicarbonate crystals. Improved user convenience and rising demand for sodium hydrogen carbonate in baking powder applications are driving growth in the powder segment.
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