The Sodium Bicarbonate Market is to Touch $3.8 Billion by 2030; Growth of Baked Goods and Increased Usage of Antacids Propels Market Growth.

The Sodium Bicarbonate Market size is estimated to reach $3.8 billion by 2030, growing at a CAGR of 4.6% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Sodium Bicarbonate Market Size, Share & Trends Analysis Report- By Production Source (Sodium Carbonate, Sodium Hydroxide, and Nahcolite), By Form (Powder, Pellets and Granules, and Others), By Grade (Food Grade, Pharmaceutical Grade, Technical Grade, and Feed Grade), By Application (Food Additive, Chemical Synthesis, Water Treatment, Flue Gas Treatment, Fire Extinguisher, and Others), By End Use (Food and Beverage (Leavening Agent- Bread, Cakes, Cookies and Biscuits, and Others; Effervescent Agent (Powder Drinks, Sparkling Drinks, and Others; and Others) Pharmaceutical (Antacid, Electrolyte, Tablet Coating, and Others), Cosmetics & Personal Care (Mouthwashes, Toothpaste, Deodorant, Bath Bombs, Dry Shampoo, and Others), Agriculture, Chemical, and Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”

Growth of baked goods and increased usage of antacids are fueling the growth of the Sodium Bicarbonate industry during the forecast period.

The Asia-Pacific region accounted for the largest share of the sodium bicarbonate market in 2023, holding approximately 35%. This dominance is largely attributed to the concentration of numerous chemical industries within the region. Countries such as China, Japan, India, and South Korea play a pivotal role in the chemical manufacturing landscape. Notably, China stands out as the world's largest exporter of inorganic products. The robust chemical market in Asia is reinforced by significant investments and a well-established infrastructure, positioning the region as a leader in sodium bicarbonate production and consumption. 

Sodium bicarbonate serves as a leavening agent, enabling baked goods like cakes, biscuits, bread, and waffles to rise, resulting in airy, spongy textures. In the food industry, it is known as baking soda or baking powder. Baking soda, a food-grade form, requires an acidic ingredient for activation, while baking powder contains a mild acid. In the UK, 40% of individuals consume bread daily. During the pandemic, baked goods’ demand surged significantly. The USA accounts for 17.6% of global imports of baked goods. This growing consumption directly boosts sales of baking soda and baking powder, benefiting the sodium bicarbonate market.

Antacids, which do not require prescriptions, provide relief from mild gastroesophageal reflux disease (GERD) and heartburn. They consist of various alkaline compounds that neutralize stomach acid and inhibit pepsin, an enzyme involved in digestion. Sodium bicarbonate is a natural antacid effective for heartburn and indigestion. In North America, 18% to 28% of adults experience weekly heartburn, with 25% experiencing it daily. Available as tablets and effervescent powders, sodium bicarbonate should be taken one to two hours post-meals. The American College of Gastroenterology estimates that around 15 million people suffer from heartburn daily, driving increased demand for antacids and sodium bicarbonate.