Baking Soda Market is predicted to reach USD 7.44 billion at a CAGR of 6.50% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Baking Soda Market”.

The Baking Soda Market is estimated to register a CAGR of 6.50% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global Baking Soda Market— Solvay S.A., CHD, ANSAC, Inner Mongolia Yuanxing Energy Co., Ltd, Tata Group, AGC, Tosoh, Shandong Haihua Group Co., Ltd., Hunan Yuhua Chemical Group Co., Ltd., Qingdao Soda Ash Industrial Co., Ltd.

Baking Soda Market Highlights

The global Baking Soda Market is accounted to register a CAGR of 6.50% during the forecast period and is estimated to reach USD 7.44 billion by 2032.

Growing consumer desire for environmentally friendly and sustainable products is one noteworthy development in the baking soda industry. The market for baking soda is also seeing a notable trend in the increasing use of technology to improve the effectiveness and quality of products. Innovative goods that are more effective and efficient than traditional options are being developed with the help of cutting-edge technology like blockchain, machine learning, and artificial intelligence.

Segment Analysis

The global Baking Soda Market has been segmented based on Type and Application.

Based on the Type, the market is segmented into Soda Ash, Double Decomposition, and Natural Soda. The Soda Ash segment was attributed to holding the largest market share in 2023. Soda ash is the main chemical compound used to make chemical sodium carbonate for baking soda production. Soda used in baking can be used in the production of food and beverages, pharmaceuticals, cosmetics, and other household items. Because more and more individuals from various parts of the globe become enamored with this product, the consumption of baking soda increased, along with the increase in the consumption of soda ash.

Based on the Application, the Baking Soda Market has been segmented into Food, Industrial, Medicine, and Other. The Food segment was expected to hold the largest market share in 2023. Sodium bicarbonate mainly acts as a rising agent in the manufacturing of foods because baking soda releases bubbles of carbon dioxide that help make the bread rise. Frequent intake of baked soda or bicarbonate of soda is required for baking bread, cakes, biscuits, and other baked products. Baking powder also consists of sodium bicarbonate together with a weak acid (such as tartaric acid in its composition). It is primarily used to fill baked goods with soft and airy textures as well as to make the bread rise.

Regional Analysis

The global Baking Soda Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe Baking Soda Market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Baking Soda Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Baking Soda Market comprises the Middle East, Africa, and Latin America.

The largest market share for the Baking Soda Market was maintained by the North American regional sector. North American region is predicted to be one of the major driving forces of the global baking soda market. High consumer spending capacity and healthiness as a lifestyle in American and Canadian markets will be driving forces within the market. According to IFIC, the proportion of people in the U.S. following a diet or eating pattern in the past year has grown by 52%. The most popular eating patterns or diets in this year are clean eating (16%), mindful eating (14%), calorie counting (13%), and plant-based (12%).

Moreover, the Europe market has been persistently growing over the forecast period. Baking soda, which is again known as sodium bicarbonate, is a multifaceted substance that finds applications in different sectors like food and beverage, pharmaceuticals, and personal care. According to EFPIA’s Annual Report 2022, the figure of production of the research-based pharma industry in Europe remained unchanged from 127.5 billion euros in 2000 to 300 billion euros in 2021. Being equivalent, there is also the export segment that has scaled by more from €90.9 bln to €565 bln through the duration of the period. The imports in 2021 were €390 bln, with a positive trade balance of €175 bln recorded. The rising consciousness among consumers in the EU regarding the advantages of natural and eco-friendly products has created a trend toward products with a baking soda base.

The rise in the consumption of bread in the Asia Pacific, coupled with the millennium generation's health consciousness, is driving the demand for baking soda. An increase in demand for baking soda substitutes as a result of the rise in ingestion of bakery items is expected to open new possibilities in this region, which in turn will support sales in this part of the world. The value of China's bakery industry will become US$39.8 billion in 2022, with production up to 6% YOY and a total of 19.6 million tons. By increasing the concentration on health and quality in baked goods, the industry could reach the mark of US$ 49.14 billion by 2025. In 2022, Japan was the twentieth largest global market for baked goods with imports of US$529.9 million (1.1% market share), 118.2 million kilograms in 2022, increasing in CAGR by 7.2% from US$373.9 million, 94.4 million kilograms in 2017.

Furthermore, the rest of the world's Baking Soda Market is divided into the Middle East, Africa, and Latin America. The ever-increasing interest in bakery products has brought up the existence of a lot of cafes, restaurants, and bakery shops offering different flavors from the countries of the Middle East, Africa, and Latin America. This will increase the demand for baking soda in the forecast period. The United Kingdom (the UK) was the tenth biggest global market for baked goods in terms of sales in 2022, with a share of 2.4% of the total global market and a value of US$10.6 billion. In 2022, the trade deficit of UK's baked goods amounted to US$2.4 billion, with imports valued at US$3.6 billion and exports worth US$1.2 billion.

Key Findings of the Study

• The global Baking Soda Market is expected to reach USD 7.44 billion by 2032, at a CAGR of 6.50% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market because of the rise in the demand for bakery products.


• Based on Type, the Soda Ash segment was attributed to holding the largest market in 2023, with an approximate market share of 55–60%.


• Solvay S.A., CHD, ANSAC, Inner Mongolia Yuanxing Energy Co., Ltd, Tata Group, AGC, Tosoh, Shandong Haihua Group Co., Ltd., Hunan Yuhua Chemical Group Co., Ltd., and Qingdao Soda Ash Industrial Co., Ltd. are the key market players.