GITNUX MARKETDATA REPORT 2024

Sodium Bicarbonate Industry Statistics

Sodium bicarbonate industry statistics provide insights into the production, consumption, import/export trends, and market dynamics of the global market.

Statistic 1

"The global sodium bicarbonate market size was valued at USD 1.55 billion in 2019."

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Statistic 2

"The sodium bicarbonate market is projected to grow at a CAGR of 3.5% during the forecast period, 2020-2025."

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Statistic 3

"The Asia-Pacific region is leading the sodium bicarbonate market, being the biggest consumer and producer."

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Statistic 4

"The chemical sector holds the largest share within the sodium bicarbonate market."

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Statistic 5

"In 2019, North America accounted for approximately 30% of the total market share."

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Statistic 6

"The food and beverage segment is projected to reach 650.6 Million USD by 2026."

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Statistic 7

"The pharmaceutical segment holds a significant share within the sodium bicarbonate market."

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Statistic 8

"Natural sodium bicarbonate segment is expected to grow at the fastest CAGR of 4.3% from 2020 to 2027."

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Statistic 9

"In 2020, Europe held the second largest market share of sodium bicarbonate followed by North America."

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Statistic 10

"Southern Europe is set to witness a higher growth rate in the sodium bicarbonate industry."

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Statistic 11

"By 2027, the animal feed segment is projected to reach USD 341.3 million in the sodium bicarbonate market."

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Statistic 12

"By 2027, the Asia-Pacific region sodium bicarbonate market is projected to reach USD 890.7 million."

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Statistic 13

"By the year 2023, USA's share in the global sodium bicarbonate consumption structure will be about 23%."

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Statistic 14

"Global Industrial grade sodium bicarbonate holds the largest market share of around 37% in terms of revenue."

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Statistic 15

"The agrarian segment is predicted to grow with a CAGR of 3.7% during 2020-2026."

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Statistic 16

"The sodium bicarbonate market in Middle East & Africa is expected to expand at a CAGR of around 4% from 2019 to 2027."

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Statistic 17

"In Latin America, the sodium bicarbonate market is expected to reach a valuation of over US$ 90 Mn by the end of 2027."

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Statistic 18

"The waste water treatment application is forecast to exhibit a CAGR of 3.2% from 2020 to 2027 in the sodium bicarbonate market."

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Statistic 19

"The synthetic process holds about 70.9% of the global sodium bicarbonate production market share."

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Statistic 20

"The Solvay process segment was the most lucrative, accounting for more than three-fifths of the sodium bicarbonate market share in 2019."

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