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)
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.