
Europe Sodium Bicarbonate Market
No. of Pages: 136 | Report Code: BMIRE00026180 | Category: Chemicals and Materials
No. of Pages: 136 | Report Code: BMIRE00026180 | Category: Chemicals and Materials
The sodium bicarbonate market in Europe is expected to grow from US$ 412.57 million in 2022 to US$ 532.57 million by 2028. It is estimated to grow at a CAGR of 4.3% from 2022 to 2028.
The animal feed industry raising the demand is the major factor driving the Europe sodium bicarbonate market. The poultry sector is registering a continual rise across the region. 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 increasing population. 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 essential 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 Europe sodium bicarbonate market at a promising CAGR during the forecast period.
Europe Sodium Bicarbonate
Market Revenue and Forecast to 2028 (US$ Million)
Strategic insights for the Europe 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. The geographic scope of the Europe 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.Europe Sodium Bicarbonate Strategic Insights
Europe Sodium Bicarbonate Report Scope
Report Attribute
Details
Market size in 2022
US$ 412.57 Million
Market Size by 2028
US$ 532.57 Million
Global CAGR (2022 - 2028)
4.3%
Historical Data
2020-2021
Forecast period
2023-2028
Segments Covered
By Grade
By Form
By End User
Regions and Countries Covered
Europe
Market leaders and key company profiles
Europe Sodium Bicarbonate Regional Insights
Europe Sodium Bicarbonate Market Segmentation
The Europe 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 France, Germany, the UK, Italy, Russia, and the Rest of Europe. The Rest of Europe is holding the largest market share in 2022.
AGC Inc.; Church & Dwight, Inc.; Ciech S.A.; GHCL Limited; Sişecam; Solvay S.A.; and Tosoh Corporation are the leading companies operating in the sodium bicarbonate market in the region.
The Europe Sodium Bicarbonate Market is valued at US$ 412.57 Million in 2022, it is projected to reach US$ 532.57 Million by 2028.
As per our report Europe Sodium Bicarbonate Market, the market size is valued at US$ 412.57 Million in 2022, projecting it to reach US$ 532.57 Million by 2028. This translates to a CAGR of approximately 4.3% during the forecast period.
The Europe Sodium Bicarbonate Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Sodium Bicarbonate Market report:
The Europe Sodium Bicarbonate Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Sodium Bicarbonate Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Sodium Bicarbonate Market value chain can benefit from the information contained in a comprehensive market report.