Sodium Bicarbonate Market Size, Share, Growth Analysis, By Grade(Food, Pharmaceutical, Technical), By Form(Slurry, Crystal, Liquid), By Region - Industry Forecast 2024-2031

Global Sodium Bicarbonate Market size was valued at USD 1.42 billion in 2022 and is poised to grow from USD 1.49 billion in 2023 to USD 2.24 billion by 2031, at a CAGR of 5.2% during the forecast period (2024-2031).

Because of our busy, fast-paced lives, there will be a rising global demand for convenience foods, which will fuel the market expansion. According to a survey, Americans favour processed foods over freshly baked goods, which has resulted in a considerable drop in food product prices over the previous few years.

The consumers favour edible goods that may be prepared quickly or that don't require much baking or cooking. The convenience food industry will benefit from the aforementioned trends, which are also expected to increase demand for sodium bicarbonate in the coming years. Sodium bicarbonate is an ingredient used in the food industry to control acidity, safeguard against caking, and lengthen product shelf life. The market will be driven by rising sales of cakes, wafers, and crackers. The product is used in a wide variety of items, including confectioneries, ciders, dairy, and cereals.

The practice of treating insects in farmlands and washing pesticides off fruits and vegetables has led to a rise in the use of sodium bicarbonate in agrochemicals. Additionally, it is a natural insecticide that is utilised in agricultural farms because it is eco-friendly, which will increase demand for sodium bicarbonate in the years to come. Through § 184.1736, the Federal regulatory authorities have recognised sodium bicarbonate as an ingredient and authorised its use in additives, food enzymes, and flood flavourings. As a result of government assistance and expanding uses in the food industry, the sodium bicarbonate market will grow faster in the years to come.

US Sodium Bicarbonate Market is poised to grow at sustainable CAGR for the next forecast year.