Australia Sodium Bicarbonate Market

Market Introduction

Sodium bicarbonate is widely used in animal feed, food and beverages, agriculture, and aquaculture industries. Sodium bicarbonate plays an essential role in animal nutrition. Largely used as a dairy cow feed supplement, the buffering capability feed grade sodium bicarbonate helps stabilize rumen pH by reducing acidic conditions. Sodium bicarbonate is utilized to enhance favorable growing condition while simultaneously preventing the growth of fungi and other undesirable organisms. These benefits of sodium bicarbonate is propelling the demand in agriculture and animal feed industry. Apart from animal feed and agriculture, sodium bicarbonate is widely used in bakery industry, pharmaceutical industry, and textile industry. Growing demand from these end-use sectors is expected to drive the market over the forecast period.

Australia Sodium Bicarbonate Strategic Insights

Strategic insights for the Australia Sodium Bicarbonate provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Australia Sodium Bicarbonate Report Scope

Australia Sodium Bicarbonate Regional Insights

The geographic scope of the Australia Sodium Bicarbonate refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The Australia sodium bicarbonate market is expected to grow from US$ 16,150.75 thousand in 2021 to US$ 20,015.47 thousand by 2028. It is expected to grow at a CAGR of 3.2% from 2021 to 2028.

This market's growth is driven by the rising demand for sodium bicarbonate in several end-use industries. Convenience food demand will increase in Australia due to busy and fast-paced lifestyles, which is expected to fuel sodium bicarbonate market expansion. Consumers are shifting toward the consumption of edible products which are ready to eat. The Australian livestock sector has expanded due to various factors, including globalization and the rise in meat consumption. As an acidity regulator, sodium bicarbonate is mainly employed in animal feed products. It is frequently used as a feed additive for pigs, broilers, laying hens, dairy cows, and beef cows. For instance, it aids in strengthening the eggshells in chicken. Sodium bicarbonate aids digestion improvement, milk fat percentage enhancement, and milk output enhancement in dairy animal diet. This has increased the demand for animal feed for agricultural animals, including cattle, chickens, pigs, turkeys, and other livestock. During the forecast period, these elements are anticipated to fuel the Australia sodium bicarbonate market's expansion.

Furthermore, increasing demand for detergents and other cleaning products is providing growth opportunities to the market. Sodium bicarbonate is an ingredient used in the food industry to control acidity, protect anti-caking, and increase product shelf life. The Australia sodium bicarbonate market is expected to be driven by an increase in the production of cakes, wafers, and crackers since the product is utilized in many other items, including cereals, ciders, dairy products, and confectioneries. The need for treating insects in farmlands and washing pesticides from fruits and vegetables is fueling the use of sodium bicarbonate in agrochemicals. Furthermore, it is an environmentally friendly natural substance that may be used as a pesticide in agricultural farms, driving the Australia sodium bicarbonate market demand during the forecast period. According to the Department of Water and the Environment of the Government of Australia, Australian agriculture accounted for 55% of Australian land use in December 2020. As stated by the Department of Water and the Environment, agricultural, forestry, and fisheries production increased by 7% from approximately US$ 70 billion in 2001-02 to US$ 75 billion in 2020-21. This significant production growth is expected to boost the demand for sodium bicarbonate in Australia's agricultural and livestock industry during the forecast period.

Moreover, another driver of expansion in the Australia sodium bicarbonate market is the rise in sodium bicarbonate use by the pharmaceutical sector. The usage of sodium bicarbonate as an active medicinal component may be responsible for its effectiveness (API). In addition to being often used as an excipient for treating metabolic acidosis and hemodialysis, cardiac arrest, extracorporeal blood circulation, and uncontrolled diabetics, it is also frequently used to treat various main grades of lactic acidosis. The usage of sodium-based medications has increased in Australia due to the growing elderly population. API is anticipated to become the preeminent main element for medicinal formulations since it enhances the capabilities of various items. Additionally, it is anticipated that hemodialysis will use more pharmaceutical-grade sodium bicarbonate during the forecast period. These are some elements propelling the Australia sodium bicarbonate market in the pharmaceutical sector.

Key Market Segments

Based on grade, the market is segmented into food grade, pharmaceutical grade, feed grade, and technical grade and others. In 2021, the technical grade and others segment dominated the market and the food grade segment is expected to be the fastest-growing segment during the forecast period. Based on form, the market is segmented into powder and liquid. In 2021, the powder segment dominated the market and liquid is expected to be the fastest-growing segment during the forecast period. Based on the end user, the market is segmented into food & beverage, pharmaceutical, agriculture, chemical, cosmetic and personal care, textile and leather, homecare, and others. In 2021, the food & beverage segment dominated the market and agriculture is expected to be the fastest-growing segment during the forecast period.

Major Sources and Companies

A few primary and secondary sources referred to while preparing this report on the Australia sodium bicarbonate market are paid databases (factiva), publications, hoovers, investor presentations, newsletters, sec archives, annual reports, and other information available in the public domain. Key companies listed in the report are Solvay S.A.; Tosoh Corporation; Burwell Technologies; All Chemical Manufacturing & Consultancy Pty Ltd.; Pon Pure Chemicals Group; Church & Dwight, Inc.; Sişecam; AGC Inc.; Ciech S.A.; and GHCL Limited.

Reasons to buy the report

• Progressive industry trends in the Australia sodium bicarbonate market to help players develop effective long-term strategies
• Business growth strategies adopted by developed and developing markets
• Quantitative analysis of the Australia sodium bicarbonate market from 2021 to 2028
• Estimation of the demand for Australia sodium bicarbonate across various industries
• Porter's Five Forces analysis illustrates the efficacy of buyers and suppliers operating in the industry to predict the market growth
• Recent developments to understand the competitive market scenario and the demand for sodium bicarbonate compounds in Australia.
• Trends and outlook coupled with factors driving and restraining the Australia sodium bicarbonate market.
• Decision-making process by understanding strategies that underpin commercial interest concerning the Australia sodium bicarbonate market growth
• The Australia sodium bicarbonate market size at various nodes of market
• Detailed overview and segmentation of Australia sodium bicarbonate market as well as its dynamics in the industry
• The Australia sodium bicarbonate market size in different regions with promising growth opportunities

Australia Sodium Bicarbonate Market Segmentation

By Grade

• Food Grade
• Pharmaceutical Grade
• Feed Grade
• Technical Grade and Others

By Form

• Powder
• Liquid

By End User

• Food & Beverage
• Pharmaceutical
• Agriculture
• Chemical
• Cosmetic and Personal Care
• Textile and Leather
• Homecare,
• Others

Company Profiles

• Solvay S.A.
• Tosoh Corporation
• Burwell Technologies
• All Chemical Manufacturing & Consultancy Pty Ltd.
• Pon Pure Chemicals Group
• Church & Dwight, Inc.
• Sişecam
• AGC Inc.
• Ciech S.A.
• GHCL Limited