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

January 9, 2019

LONDON--(BUSINESS WIRE)--Jan 9, 2019--Technavio’s global sodium bicarbonate market research report forecasts the market to grow at a CAGR of nearly 2% during the forecast period.

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Technavio has published a new market research report on the global sodium bicarbonate market from 2019-2023. (Graphic: Business Wire)

The growing use of sodium bicarbonate as a deodorizing agent will be one of the major trends in the 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.

This report is available at a USD 1,000 discount for a limited time only:

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 analysis

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.

Looking for more information on this market?

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.

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

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20190108006193/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 01/09/2019 01:52 AM/DISC: 01/09/2019 01:52 AM

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