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Asia Pacific Sodium Bicarbonate Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Grade (Food Grade, Pharmaceutical Grade, Feed Grade, and Technical Grade and Others), Form (Powder and Liquid), and End User (Food & Beverages, Pharmaceutical, Agriculture, Chemical, Cosmetic & Personal Care, Textile & Leather, Homecare, and Others)
Market Report I 2022-09-22 I 145 Pages I The Insight Partners
The sodium bicarbonate market in Asia Pacific is expected to grow from US$ 684.58 million in 2022 to US$ 906.99 million by 2028. It is estimated to grow at a CAGR of 4.8% from 2022 to 2028.
The high demand for sodium bicarbonate in the animal feed industry is a major factor driving the Asia Pacific sodium bicarbonate market. The poultry sector is registering a continual rise across the world. An increase in poultry production is mainly attributed to the rising demand for poultry meat and eggs. The upswing in poultry production is catering substantially to the bolstering need for the APAC population. Further, Australia has a developed and high-value animal husbandry sector, with cattle, sheep, and fish farming. This can be attributed to the increasing demand for animal products, such as meat, cheese, and milk powder, in the country.
According to the Poultry Hub Australia, there are currently more than 800 commercial meat chicken growers in Australia. According to the Australian Bureau of Statistics 2015/16 report, over 1267658 tons (1150000 tonnes) of chicken meat is produced annually in Australia, which is almost entirely consumed within the domestic market. Consumers perceive chicken meat as one of the most popular protein sources. As per the Australian Bureau of Agricultural and Resource Economics and Sciences, New South Wales was the largest producing state, accounting for 32% of total national poultry production in 2019-20. Further, according to the Queensland Farmers' Federation, the poultry industry remains one of the fastest growing in Queensland, and chicken production accounts for nearly 21% of overall national production in the state.
Egg consumption has also been growing in various countries. Dairy farms have been increasing the number of milking cows. The aquaculture industry is the largest raw material supplier for the seafood industry of Australia. Salmon, trout, prawns, and barramundi are some significant species farmed in the aquaculture industry in Australia.
With a growing demand for different animal products, the agricultural sector is focusing on scaling up the rearing of animals. With the growth of the dairy, chicken meat, and aquaculture industries, the need for animal feed is also on the rise. This is creating demand for sodium bicarbonate, as it is used as animal feed material. Feed-grade sodium bicarbonate is used in preparing nutrition mixes for poultry, livestock, and aqua produce. Sodium bicarbonate is an important source of sodium for livestock and poultry, and it enriches animals' feed with sodium.
Vendors can attract new customers and expand their footprints in emerging markets with new features and technologies. This factor is likely to drive the Asia Pacific sodium bicarbonate market at a promising CAGR during the forecast period.
Asia Pacific Sodium Bicarbonate Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Sodium Bicarbonate Market Segmentation
The Asia Pacific sodium bicarbonate market is segmented by grade, form, end user, and country. Based on grade, the market is segmented into food grade, pharmaceutical grade, feed grade, and technical grade and others. The technical grade and others segment has been holding the largest market share in 2022.
Based on form, the market is segmented into powder and liquid. The powder segment is holding a larger market share in 2022.
Based on end user, the market is segmented into food & beverages, pharmaceutical, agriculture, chemical, cosmetic & personal care, textile & leather, homecare, and others. The food & beverages segment is holding the largest market share in 2022.
Based on country, the regional market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China is holding the largest market share in 2022.
AGC Inc.; All Chemical Manufacturing & Consultancy Pty Ltd; Church & Dwight, Inc.; Ciech S.A.; GHCL Limited; Pon Pure Chemicals Group; SiAecam; Solvay S.A.; and Tosoh Corporation are the leading companies operating in the sodium bicarbonate market in the region.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 APAC Sodium Bicarbonate Market, by Grade
1.3.2 APAC Sodium Bicarbonate Market, by Form
1.3.3 APAC Sodium Bicarbonate Market, by End User
1.3.4 APAC Sodium Bicarbonate Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. APAC Sodium Bicarbonate Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. APAC Sodium Bicarbonate Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Consumption of Baked Food
5.1.2 High Demand in Animal Feed Industry
5.2 Market Restraints
5.2.1 Environmental Impact of Sodium Bicarbonate
5.3 Market Opportunities
5.3.1 Growing Focus on Treatment of Industrial Pollutants
5.4 Future Trends
5.4.1 Proliferation of Cosmetics and Personal Care Industries
5.5 Impact Analysis
6. Sodium Bicarbonate Market - APAC Market Analysis
6.1 APAC Sodium Bicarbonate Market Overview
6.2 APAC Sodium Bicarbonate Market -Revenue and Forecast to 2028 (US$ Million)
6.3 APAC Sodium Bicarbonate Market -Volume and Forecast to 2028 (Kilo Tons)
7. APAC Sodium Bicarbonate Market Analysis - By Grade
7.1 Overview
7.2 APAC Sodium Bicarbonate Market, By Grade (2021 and 2028)
7.3 Food Grade
7.3.1 Overview
7.3.2 Food Grade: APAC Sodium Bicarbonate Market - Revenue and Forecast to 2028 (US$ Million)
7.3.3 Food Grade: APAC Sodium Bicarbonate Market - Volume and Forecast to 2028 (Kilo Tons)
7.4 Pharmaceutical Grade
7.4.1 Overview
7.4.2 Pharmaceutical Grade: APAC Sodium Bicarbonate Market - Revenue and Forecast to 2028 (US$ Million)
7.4.3 Pharmaceutical Grade: APAC Sodium Bicarbonate Market - Volume and Forecast to 2028 (Kilo Tons)
7.5 Feed Grade
7.5.1 Overview
7.5.2 Feed Grade: APAC Sodium Bicarbonate Market - Revenue and Forecast to 2028 (US$ Million)
7.5.3 Feed Grade: APAC Sodium Bicarbonate Market - Volume and Forecast to 2028 (Kilo Tons)
7.6 Technical Grade and Others
7.6.1 Overview
7.6.2 Technical Grade and Others: APAC Sodium Bicarbonate Market - Revenue and Forecast to 2028 (US$ Million)
7.6.3 Technical Grade and Others: APAC Sodium Bicarbonate Market - Volume and Forecast to 2028 (Kilo Tons)
8. APAC Sodium Bicarbonate Market Analysis - By Form
8.1 Overview
8.2 APAC Sodium Bicarbonate Market, By Form (2021 and 2028)
8.3 Powder
8.3.1 Overview
8.3.2 Powder: APAC Sodium Bicarbonate Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Liquid
8.4.1 Overview
8.4.2 Liquid: APAC Sodium Bicarbonate Market - Revenue and Forecast to 2028 (US$ Million)
9. APAC Sodium Bicarbonate Market Analysis - By End User
9.1 Overview
9.2 APAC Sodium Bicarbonate Market, By End User (2021 and 2028)
9.3 Food and Beverage
9.3.1 Overview
9.3.2 Food and Beverage: APAC Sodium Bicarbonate Market - Revenue and Forecast to 2028 (US$ Million)
9.4 Pharmaceutical
9.4.1 Overview
9.4.2 Pharmaceutical: APAC Sodium Bicarbonate Market - Revenue and Forecast to 2028 (US$ Million)
9.5 Agriculture
9.5.1 Overview
9.5.2 Agriculture: APAC Sodium Bicarbonate Market - Revenue and Forecast to 2028 (US$ Million)
9.6 Chemical
9.6.1 Overview
9.6.2 Chemical: APAC Sodium Bicarbonate Market - Revenue and Forecast to 2028 (US$ Million)
9.7 Cosmetic and Personal Care
9.7.1 Overview
9.7.2 Cosmetic and Personal Care: APAC Sodium Bicarbonate Market - Revenue and Forecast to 2028 (US$ Million)
9.8 Textile and Leather
9.8.1 Overview
9.8.2 Textile and Leather: APAC Sodium Bicarbonate Market - Revenue and Forecast to 2028 (US$ Million)
9.9 Homecare
9.9.1 Overview
9.9.2 Homecare: APAC Sodium Bicarbonate Market - Revenue and Forecast to 2028 (US$ Million)
9.10 Others
9.10.1 Overview
9.10.2 Others: APAC Sodium Bicarbonate Market - Revenue and Forecast to 2028 (US$ Million)
10. APAC Sodium Bicarbonate Market - Country Analysis
10.1 Overview
10.1.1 APAC: Sodium Bicarbonate Market, by Key Country
10.1.1.1 Australia: Sodium Bicarbonate Market -Revenue and Forecast to 2028 (US$ Million)
10.1.1.1.1 Australia: Sodium Bicarbonate Market, by Grade
10.1.1.1.2 Australia: Sodium Bicarbonate Market, by Grade
10.1.1.1.3 Australia: Sodium Bicarbonate Market, by Form
10.1.1.1.4 Australia: Sodium Bicarbonate Market, by Application
10.1.1.2 China: Sodium Bicarbonate Market -Revenue and Forecast to 2028 (US$ Million)
10.1.1.2.1 China: Sodium Bicarbonate Market, by Grade
10.1.1.2.2 China: Sodium Bicarbonate Market, by Grade
10.1.1.2.3 China: Sodium Bicarbonate Market, by Form
10.1.1.2.4 China: Sodium Bicarbonate Market, by Application
10.1.1.3 India: Sodium Bicarbonate Market -Revenue and Forecast to 2028 (US$ Million)
10.1.1.3.1 India: Sodium Bicarbonate Market, by Grade
10.1.1.3.2 India: Sodium Bicarbonate Market, by Grade
10.1.1.3.3 India: Sodium Bicarbonate Market, by Form
10.1.1.3.4 India: Sodium Bicarbonate Market, by Application
10.1.1.4 Japan: Sodium Bicarbonate Market -Revenue and Forecast to 2028 (US$ Million)
10.1.1.4.1 Japan: Sodium Bicarbonate Market, by Grade
10.1.1.4.2 Japan: Sodium Bicarbonate Market, by Grade
10.1.1.4.3 Japan: Sodium Bicarbonate Market, by Form
10.1.1.5 South Korea: Sodium Bicarbonate Market -Revenue and Forecast to 2028 (US$ Million)
10.1.1.5.1 South Korea: Sodium Bicarbonate Market, by Grade
10.1.1.5.2 South Korea: Sodium Bicarbonate Market, by Grade
10.1.1.5.3 South Korea: Sodium Bicarbonate Market, by Form
10.1.1.5.4 South Korea: Sodium Bicarbonate Market, by Application
10.1.1.6 Rest of APAC: Sodium Bicarbonate Market -Revenue and Forecast to 2028 (US$ Million)
10.1.1.6.1 Rest of APAC: Sodium Bicarbonate Market, by Grade
10.1.1.6.2 Rest of APAC: Sodium Bicarbonate Market, by Form
10.1.1.6.3 Rest of APAC: Sodium Bicarbonate Market, by Application
11. Company Profiles
11.1 Solvay S.A.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Tosoh Corporation
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 All Chemical Manufacturing & Consultancy Pty Ltd
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Pon Pure Chemicals Group
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Church & Dwight, Inc.
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Si?ecam
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 AGC Inc.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Ciech S.A.
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 GHCL Limited
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. APAC Sodium Bicarbonate Market -Revenue and Forecast to 2028 (US$ Million)
Table 2. APAC Sodium Bicarbonate Market -Volume and Forecast to 2028 (Kilo Tons)
Table 3. Australia Sodium Bicarbonate Market, by Grade- Revenue and Forecast to 2028 (USD Million)
Table 4. Australia Sodium Bicarbonate Market, by Grade- Volume and Forecast to 2028 (Kilo Tons)
Table 5. Australia Sodium Bicarbonate Market, by Form - Revenue and Forecast to 2028 (USD Million)
Table 6. Australia Sodium Bicarbonate Market, by Application - Revenue and Forecast to 2028 (USD Million)
Table 7. China Sodium Bicarbonate Market, by Grade- Revenue and Forecast to 2028 (USD Million)
Table 8. China Sodium Bicarbonate Market, by Grade - Volume and Forecast to 2028 (Kilo Tons)
Table 9. China Sodium Bicarbonate Market, by Form - Revenue and Forecast to 2028 (USD Million)
Table 10. China Sodium Bicarbonate Market, by Application - Revenue and Forecast to 2028 (USD Million)
Table 11. India Sodium Bicarbonate Market, by Grade- Revenue and Forecast to 2028 (USD Million)
Table 12. India Sodium Bicarbonate Market, by Grade- Volume and Forecast to 2028 (Kilo Tons)
Table 13. India Sodium Bicarbonate Market, by Form- Revenue and Forecast to 2028 (USD Million)
Table 14. India Sodium Bicarbonate Market, by Application- Revenue and Forecast to 2028 (USD Million)
Table 15. Japan Sodium Bicarbonate Market, by Grade- Revenue and Forecast to 2028 (USD Million)
Table 16. Japan Sodium Bicarbonate Market, by Grade- Volume and Forecast to 2028 (Kilo Tons)
Table 17. Japan Sodium Bicarbonate Market, by Form - Revenue and Forecast to 2028 (USD Million)
Table 18. South Korea Sodium Bicarbonate Market, by Grade- Revenue and Forecast to 2028 (USD Million)
Table 19. South Korea Sodium Bicarbonate Market, by Grade- Volume and Forecast to 2028 (Kilo Tons)
Table 20. South Korea Sodium Bicarbonate Market, by Form - Revenue and Forecast to 2028 (USD Million)
Table 21. South Korea Sodium Bicarbonate Market, by Application - Revenue and Forecast to 2028 (USD Million)
Table 22. Rest of APAC Sodium Bicarbonate Market, by Grade- Revenue and Forecast to 2028 (USD Million)
Table 23. Rest of APAC Sodium Bicarbonate Market, by Form Type - Revenue and Forecast to 2028 (USD Million)
Table 24. Rest of APAC Sodium Bicarbonate Market, by Application - Revenue and Forecast to 2028 (USD Million)
Table 25. Glossary of Terms, APAC Sodium Bicarbonate Market
LIST OF FIGURES
Figure 1. APAC Sodium Bicarbonate Market Segmentation
Figure 2. APAC Sodium Bicarbonate Market Segmentation - By Country
Figure 3. APAC Sodium Bicarbonate Market Overview
Figure 4. APAC Sodium Bicarbonate Market, By Grade
Figure 5. APAC Sodium Bicarbonate Market, by Country
Figure 6. Porter's Five Forces Analysis
Figure 7. Ecosystem: APAC Sodium Bicarbonate Market
Figure 8. Expert Opinion
Figure 9. APAC Sodium Bicarbonate Market Impact Analysis of Drivers and Restraints
Figure 10. APAC Sodium Bicarbonate Market - Revenue and Forecast to 2028 (US$ Million)
Figure 11. APAC Sodium Bicarbonate Market - Volume and Forecast to 2028 (Kilo Tons)
Figure 12. APAC Sodium Bicarbonate Market Revenue Share, By Grade (2021 and 2028)
Figure 13. APAC Food Grade: APAC Sodium Bicarbonate Market - Revenue and Forecast To 2028 (US$ Million)
Figure 14. APAC Food Grade: APAC Sodium Bicarbonate Market - Volume and Forecast To 2028 (Kilo Tons)
Figure 15. APAC Pharmaceutical Grade: APAC Sodium Bicarbonate Market - Revenue and Forecast To 2028 (US$ Million)
Figure 16. APAC Pharmaceutical Grade: APAC Sodium Bicarbonate Market - Volume and Forecast To 2028 (Kilo Tons)
Figure 17. APAC Feed Grade: APAC Sodium Bicarbonate Market - Revenue and Forecast To 2028 (US$ Million)
Figure 18. APAC Feed Grade: APAC Sodium Bicarbonate Market - Revenue and Forecast To 2028 (Kilo Tons)
Figure 19. APAC Technical Grade and Others: APAC Sodium Bicarbonate Market - Revenue and Forecast To 2028 (US$ Million)
Figure 20. APAC Technical Grade and Others: APAC Sodium Bicarbonate Market - Volume and Forecast To 2028 (Kilo Tons)
Figure 21. APAC Sodium Bicarbonate Market Revenue Share, By Form (2021 and 2028)
Figure 22. APAC Powder: APAC Sodium Bicarbonate Market - Revenue and Forecast To 2028 (US$ Million)
Figure 23. APAC Liquid: APAC Sodium Bicarbonate Market - Revenue and Forecast To 2028 (US$ Million)
Figure 24. APAC Sodium Bicarbonate Market Revenue Share, By End User (2021 and 2028)
Figure 25. APAC Food and Beverage: APAC Sodium Bicarbonate Market - Revenue and Forecast To 2028 (US$ Million)
Figure 26. APAC Pharmaceutical: APAC Sodium Bicarbonate Market - Revenue and Forecast To 2028 (US$ Million)
Figure 27. APAC Agriculture: APAC Sodium Bicarbonate Market - Revenue and Forecast To 2028 (US$ Million)
Figure 28. APAC Chemical: APAC Sodium Bicarbonate Market - Revenue and Forecast To 2028 (US$ Million)
Figure 29. APAC Cosmetic and Personal Care: APAC Sodium Bicarbonate Market - Revenue and Forecast To 2028 (US$ Million)
Figure 30. APAC Textile and Leather: APAC Sodium Bicarbonate Market - Revenue and Forecast To 2028 (US$ Million)
Figure 31. APAC Homecare: APAC Sodium Bicarbonate Market - Revenue and Forecast To 2028 (US$ Million)
Figure 32. APAC Others: APAC Sodium Bicarbonate Market - Revenue and Forecast To 2028 (US$ Million)
Figure 33. APAC: Sodium Bicarbonate Market, by Key Country - Revenue (2021) (US$ Million)
Figure 34. APAC: Sodium Bicarbonate Market Revenue Share, by Key Country (2020 and 2028)
Figure 35. Australia: Sodium Bicarbonate Market -Revenue and Forecast to 2028 (US$ Million)
Figure 36. China: Sodium Bicarbonate Market -Revenue and Forecast to 2028 (US$ Million)
Figure 37. India: Sodium Bicarbonate Market -Revenue and Forecast to 2028 (US$ Million)
Figure 38. Japan: Sodium Bicarbonate Market -Revenue and Forecast to 2028 (US$ Million)
Figure 39. South Korea: Sodium Bicarbonate Market -Revenue and Forecast to 2028 (US$ Million)
Figure 40. Rest of APAC: Sodium Bicarbonate Market -Revenue and Forecast to 2028 (US$ Million)
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