Sodium bicarbonate market to amass hefty proceeds over 2017-2024, driven by large-scale product demand from the food and pharmaceutical sectors
Publisher : Fractovia | Published Date : 2018-02-16Request Sample
Sodium bicarbonate has indeed become a household name due to its extensive deployment as a leavening agent, making sodium bicarbonate market one of the most widely recognized industries across the globe. Driven by the product’s expansive usage, sodium bicarbonate industry boasts of a massive application landscape, inclusive of pharmaceuticals, chemicals, textiles, leather, and rubber. Not to mention, the product also finds usage in animal feed, personal hygiene, and as a cleaning and anti-pollution agent. Companies partaking in sodium bicarbonate market share have been continually conducting research and development programs to unearth extensive details regarding the scope and application of this chemical. In consequence, this is projected to widen the deployment spectrum of the product, thereby providing a significant boost to sodium bicarbonate market.
U.S. sodium bicarbonate market size, by end-user, 2013 - 2024 (USD Million)
Sodium bicarbonate market trends from the F&B industry
The food and beverage sector stands as possibly the largest application arena for sodium bicarbonate industry. In fact, estimates claim that sodium bicarbonate market size from the food and beverages domain will register a CAGR of 5.3% over 2017-2024, driven by the global demand for confectioneries and baked goods. Sodium bicarbonate is an essential part of the worldwide culinary sphere and has extended its presence in almost every kitchen across the globe owing to its easy viability, further stimulating sodium bicarbonate industry size.
Sodium bicarbonate is the cause for the quintessential effervescence found in fizzy drinks, as phosphoric or carbonic acid commonly present in colas react with sodium bicarbonate to produce carbon dioxide. Based on the statistics provided by the California Center for Public Health Advocacy, the average American consumes nearly 50 gallons of fizzy drinks every year. Indeed, it is presumable that the increasing global consumption of colas and fizzy drinks is a major growth factor for sodium bicarbonate industry expansion.
Due to its anti-caking and stabilizing properties, this chemical compound is also used as food coloring agent, further spurring sodium bicarbonate market share from the F&B sector. The bakery industry is another massive growth avenue for sodium bicarbonate market, given that the compound is heavily utilized in the manufacturing of cakes, pastries, and other baked goodies.
Over the years, sodium bicarbonate has found ample uses as a cleaning agent, a natural deodorant, to treat insect bites, to polish silver, to treat acne and settle an upset stomach. Invariably, the easy availability of the product and its extensive deployment in domestic applications will lead to sodium bicarbonate market garnering quite some returns over the next few years.
The usage of this product in the medical sector has long since provided a boost to sodium bicarbonate market share, since the compound has proven to be a safe and effective antacid. Sodium bicarbonate is a generic medicine that is often prescribed for heartburns and inflammation and is preferred for its fast-acting anti-acidic properties. Of late, numerous R&D programs are being conducted to increase the deployment of sodium bicarbonate in the medical arena, positively stimulating sodium bicarbonate industry. A recent research study has pointed out that sodium bicarbonate can boost the killing power of antibiotics, as it has the ability to diminish the pH gradient of bacterial membranes and let the antibiotics act better. Myriad such instances of the beneficial usage of sodium bicarbonate in the pharmaceutical industry has commendably propelled sodium bicarbonate market outlook.
In 2015 the World Health Organization listed sodium bicarbonate as an essential medicine, post which it was observed that sodium bicarbonate market size witnessed a huge surge in product demand. The compound is a rather essential drug that is fine to be ingested in its generic form and is also used in chemo and heart surgeries. As the application spectrum of sodium bicarbonate industry proceeds to expand, with the increase in its industrial and domestic uses, it is estimated that this business space will garner remarkable proceeds over 2017-2024.
