The global
sodium bicarbonate market is expected to post a CAGR of almost 2%
during the period 2019-2023, according to the latest market research report by
Technavio.
Sodium bicarbonate is predominantly used in animal feed products
as an acidity regulator. It is widely used in the supplementation of feeds for
dairy cows, beef cows, pigs, broilers, and laying hens. For instance, in
poultry, it helps to make the eggshells strong. In dairy animal feed, sodium
bicarbonate helps improve digestion, enhance milk fat percentage, and increase
the milk yield. Factors such as globalization and the rise in the consumption
of meat have fueled the growth of the global livestock industry. This has
increased the demand for animal feed for farm animals such as cattle, hens,
pigs, turkeys, and other livestock. These factors are expected to drive the
growth of the global sodium bicarbonate market during the forecast period.
As per Technavio, the growing demand for detergents will have a
positive impact on the market and contribute to its growth significantly over
the forecast period. This research report also analyzes other important trends
and market drivers that will affect market growth over 2019-2023.
Global Sodium Bicarbonate Market: Growing Demand for Detergents
Factors such as high population, growing awareness about health
and hygiene, and improving standards of living have increased the demand for
detergents in APAC. In Europe, countries such as the UK, Germany, and Russia
are exhibiting a strong demand for liquid detergents. The demand for detergents
and cleaning agents is also increasing in other regions such as the US, Canada,
Brazil, and Mexico. Sodium bicarbonate is widely used as an additive in many
detergents and cleaning products. With the growing consumption of detergents,
the demand for sodium bicarbonate will increase during the forecast period.
Global Sodium Bicarbonate Market: Segmentation Analysis
This market report segments the global sodium bicarbonate
market by application (animal feed, food
and beverage, FGT, pharma and cosmetics, and others) and geography (the
Americas, APAC, and EMEA).
The APAC region led the market in 2018, followed by EMEA and the
Americas respectively. During the forecast period, the APAC region is expected
to maintain its dominance over the market. This is due to the rising demand for
sodium bicarbonate from the cosmetics and personal care industry in China.
Technavio’s sample reports are free of charge and contain
multiple sections of the report, such as the market size and forecast, drivers,
challenges, trends, and more.
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