The demand market for sodium bicarbonate is mainly concentrated in the fields of chemicals, pharmaceuticals, and food additives. In the chemical field, sodium bicarbonate is mainly used to produce chemical raw materials such as sodium carbonate and soda ash, and its market demand is closely related to the downstream product market. In the pharmaceutical field, sodium bicarbonate is used in the manufacture of oral tablets, capsules and other pharmaceutical dosage forms, and its demand is also closely related to the pharmaceutical industry. In the field of food additives, sodium bicarbonate is a commonly used food acidity regulator and starter culture, and the market demand is large.
According to statistics, according to GIR (Global Info Research) research, the global revenue of sodium bicarbonate (baking soda) in 2022 will be about 16766 million dollars, expected to reach 2029 in 2017$5 million, CAGR of 27%。Among them, the Asia-Pacific region dominates, followed by Europe and North America. The development trend of sodium bicarbonate (baking soda) industry is that wisdom and ecology will become the new standard and new highlights. This trend can be seen at three levels. The first is the customer's requirements. Practitioners are demanding more and more from the sodium bicarbonate (baking soda) industry, as well as from their services. The second is the management goal of **, which was initially only aimed at enterprises. It's enough to do a job that lays the foundations for the industry, but not yet. In addition to high-quality infrastructure operators, we also need to have clear direction guidance in terms of industry norms, industry prospects, industry trends, etc., and the management requirements are also constantly improving; The third is investor expectations. It is now difficult to increase the product value of low-end technology, so many companies are changing the cage to improve quality and value through industrial upgrading. Therefore, the sodium bicarbonate (baking soda) industry needs to continuously improve its innovation capabilities, break through the bottleneck of the industry, and achieve high-quality development.
The future market prospect depends on factors such as industrial development, changes in market demand and technological innovation. With the enhancement of people's awareness of health and environmental protection, the market demand for green products is increasing, so in the future, the sodium bicarbonate industry will transform to the direction of environmental protection, low carbon and green, and develop some new processes with low consumption and high efficiency. The sodium bicarbonate market is a huge market with a wide range of applications and huge market demand potential. In the future, the sodium bicarbonate industry will usher in the development trend of low consumption, high efficiency, green and environmental protection, and it is believed that the sodium bicarbonate market will continue to maintain a steady growth trend in the future.