Baking Soda Market Developments by 2031
Baking soda is one of the most widely used leaveners in baked goods. Baking soda is sodium bicarbonate, which requires acid and a liquid to become activated and help baked goods rise. Its formula is NaHCO. It is a salt composed of a sodium cation and a bicarbonate anion. Sodium bicarbonate is a white solid that is crystalline but often appears as a fine powder.
MARKET DYNAMICS
The baking soda market has witnessed significant growth due to the significant rise in packaging industry. Moreover, research and development activities provides a huge market opportunity for the key players operating in the baking soda market. However, fluctuations in the price of raw materials are projected to hamper the overall growth of the baking soda market in the forecast period.
MARKET SCOPE
The "Global Baking Soda Market Analysis to 2031" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the baking soda market with detailed market segmentation packaging type, distribution channel, and geography. The global baking soda market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading baking soda market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global baking soda market is segmented on the basis of packaging type, and distribution channel. On the basis of packaging type, the global baking soda market is divided into cartons, pouches, and others. On the basis of distribution channel, the global baking soda market is divided into supermarkets & hypermarkets, convenience stores, online retail, others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global baking soda market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The baking soda market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the baking soda market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the baking soda market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global baking soda market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The baking soda market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the baking soda market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the baking soda market in these regions.
MARKET PLAYERS
The reports cover key developments in the baking soda market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as material type launches, material type approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from baking soda market is anticipated to lucrative growth opportunities in the future with the rising demand for baking soda in the global market. Below mentioned is the list of few companies engaged in the baking soda market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the baking soda market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- BHS Specialty Chemical Products
- Cargill
- Church and Dwight
- Haohua Honghe Chemical
- Hunan Yuhua Chemical Group
- Lallemand
- Lesaffre
- Natural Soda
- Tata Chemicals
- Tosoh
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Baking Soda Market - By Packaging Type
1.3.2 Baking Soda Market - By Distribution Channel
1.3.3 Baking Soda Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. BAKING SODA MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. BAKING SODA MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. BAKING SODA MARKET - GLOBAL MARKET ANALYSIS
6.1. BAKING SODA - GLOBAL MARKET OVERVIEW
6.2. BAKING SODA - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. BAKING SODA MARKET - REVENUE AND FORECASTS TO 2028 - PACKAGING TYPE
7.1. OVERVIEW
7.2. PACKAGING TYPE MARKET FORECASTS AND ANALYSIS
7.3. CARTONS
7.3.1. Overview
7.3.2. Cartons Market Forecast and Analysis
7.4. POUCHES
7.4.1. Overview
7.4.2. Pouches Market Forecast and Analysis
7.5. OTHERS
7.5.1. Overview
7.5.2. Others Market Forecast and Analysis
8. BAKING SODA MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. SUPERMARKETS AND HYPERMARKETS
8.3.1. Overview
8.3.2. Supermarkets and Hypermarkets Market Forecast and Analysis
8.4. CONVENIENCE STORES
8.4.1. Overview
8.4.2. Convenience Stores Market Forecast and Analysis
8.5. ONLINE RETAIL
8.5.1. Overview
8.5.2. Online retail Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. BAKING SODA MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Baking Soda Market Overview
9.1.2 North America Baking Soda Market Forecasts and Analysis
9.1.3 North America Baking Soda Market Forecasts and Analysis - By Packaging Type
9.1.4 North America Baking Soda Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Baking Soda Market Forecasts and Analysis - By Countries
9.1.5.1 United States Baking Soda Market
9.1.5.1.1 United States Baking Soda Market by Packaging Type
9.1.5.1.2 United States Baking Soda Market by Distribution Channel
9.1.5.2 Canada Baking Soda Market
9.1.5.2.1 Canada Baking Soda Market by Packaging Type
9.1.5.2.2 Canada Baking Soda Market by Distribution Channel
9.1.5.3 Mexico Baking Soda Market
9.1.5.3.1 Mexico Baking Soda Market by Packaging Type
9.1.5.3.2 Mexico Baking Soda Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Baking Soda Market Overview
9.2.2 Europe Baking Soda Market Forecasts and Analysis
9.2.3 Europe Baking Soda Market Forecasts and Analysis - By Packaging Type
9.2.4 Europe Baking Soda Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Baking Soda Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Baking Soda Market
9.2.5.1.1 Germany Baking Soda Market by Packaging Type
9.2.5.1.2 Germany Baking Soda Market by Distribution Channel
9.2.5.2 France Baking Soda Market
9.2.5.2.1 France Baking Soda Market by Packaging Type
9.2.5.2.2 France Baking Soda Market by Distribution Channel
9.2.5.3 Italy Baking Soda Market
9.2.5.3.1 Italy Baking Soda Market by Packaging Type
9.2.5.3.2 Italy Baking Soda Market by Distribution Channel
9.2.5.4 United Kingdom Baking Soda Market
9.2.5.4.1 United Kingdom Baking Soda Market by Packaging Type
9.2.5.4.2 United Kingdom Baking Soda Market by Distribution Channel
9.2.5.5 Russia Baking Soda Market
9.2.5.5.1 Russia Baking Soda Market by Packaging Type
9.2.5.5.2 Russia Baking Soda Market by Distribution Channel
9.2.5.6 Rest of Europe Baking Soda Market
9.2.5.6.1 Rest of Europe Baking Soda Market by Packaging Type
9.2.5.6.2 Rest of Europe Baking Soda Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Baking Soda Market Overview
9.3.2 Asia-Pacific Baking Soda Market Forecasts and Analysis
9.3.3 Asia-Pacific Baking Soda Market Forecasts and Analysis - By Packaging Type
9.3.4 Asia-Pacific Baking Soda Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Baking Soda Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Baking Soda Market
9.3.5.1.1 Australia Baking Soda Market by Packaging Type
9.3.5.1.2 Australia Baking Soda Market by Distribution Channel
9.3.5.2 China Baking Soda Market
9.3.5.2.1 China Baking Soda Market by Packaging Type
9.3.5.2.2 China Baking Soda Market by Distribution Channel
9.3.5.3 India Baking Soda Market
9.3.5.3.1 India Baking Soda Market by Packaging Type
9.3.5.3.2 India Baking Soda Market by Distribution Channel
9.3.5.4 Japan Baking Soda Market
9.3.5.4.1 Japan Baking Soda Market by Packaging Type
9.3.5.4.2 Japan Baking Soda Market by Distribution Channel
9.3.5.5 South Korea Baking Soda Market
9.3.5.5.1 South Korea Baking Soda Market by Packaging Type
9.3.5.5.2 South Korea Baking Soda Market by Distribution Channel
9.3.5.6 Rest of Asia-Pacific Baking Soda Market
9.3.5.6.1 Rest of Asia-Pacific Baking Soda Market by Packaging Type
9.3.5.6.2 Rest of Asia-Pacific Baking Soda Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Baking Soda Market Overview
9.4.2 Middle East and Africa Baking Soda Market Forecasts and Analysis
9.4.3 Middle East and Africa Baking Soda Market Forecasts and Analysis - By Packaging Type
9.4.4 Middle East and Africa Baking Soda Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Baking Soda Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Baking Soda Market
9.4.5.1.1 South Africa Baking Soda Market by Packaging Type
9.4.5.1.2 South Africa Baking Soda Market by Distribution Channel
9.4.5.2 Saudi Arabia Baking Soda Market
9.4.5.2.1 Saudi Arabia Baking Soda Market by Packaging Type
9.4.5.2.2 Saudi Arabia Baking Soda Market by Distribution Channel
9.4.5.3 U.A.E Baking Soda Market
9.4.5.3.1 U.A.E Baking Soda Market by Packaging Type
9.4.5.3.2 U.A.E Baking Soda Market by Distribution Channel
9.4.5.4 Rest of Middle East and Africa Baking Soda Market
9.4.5.4.1 Rest of Middle East and Africa Baking Soda Market by Packaging Type
9.4.5.4.2 Rest of Middle East and Africa Baking Soda Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Baking Soda Market Overview
9.5.2 South and Central America Baking Soda Market Forecasts and Analysis
9.5.3 South and Central America Baking Soda Market Forecasts and Analysis - By Packaging Type
9.5.4 South and Central America Baking Soda Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Baking Soda Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Baking Soda Market
9.5.5.1.1 Brazil Baking Soda Market by Packaging Type
9.5.5.1.2 Brazil Baking Soda Market by Distribution Channel
9.5.5.2 Argentina Baking Soda Market
9.5.5.2.1 Argentina Baking Soda Market by Packaging Type
9.5.5.2.2 Argentina Baking Soda Market by Distribution Channel
9.5.5.3 Rest of South and Central America Baking Soda Market
9.5.5.3.1 Rest of South and Central America Baking Soda Market by Packaging Type
9.5.5.3.2 Rest of South and Central America Baking Soda Market by Distribution Channel
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. BAKING SODA MARKET, KEY COMPANY PROFILES
11.1. BHS SPECIALTY CHEMICAL PRODUCTS
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. CARGILL
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. CHURCH AND DWIGHT
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. HAOHUA HONGHE CHEMICAL
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. HUNAN YUHUA CHEMICAL GROUP
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. LALLEMAND
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. LESAFFRE
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. NATURAL SODA
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. TATA CHEMICALS
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
11.10. TOSOH
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. BHS Specialty Chemical Products
2. Cargill
3. Church and Dwight
4. Haohua Honghe Chemical
5. Hunan Yuhua Chemical Group
6. Lallemand
7. Lesaffre
8. Natural Soda
9. Tata Chemicals
10. Tosoh
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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