Press release
Bicarbonate Market Growth, Industry Research, Regional Outlook, Competitive Market Share & Forecast, 2017-2024.
Driving factor in bicarbonate market includes its positive impact on human body system, it prevents the system from various diseases such as rental stones. It is present in natural water or spring water in excess amount. The compound’s health benefits on body is increasing its demand. It acts as a buffer and maintains the pH level of the blood from becoming too basic or too acidic. It is excellent for heartburn, indigestion and constipation.
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Pharmaceutical industry will grow at over 5% CAGR in near future and is expected to boost bicarbonate market. The acid is widely used pharmaceutical product, it is consumed by patients for various acidic issues. Increasing rate of acidity, indigestion and heartburn is propelling the usage of medicines and positively influencing bicarbonate market.
Changing lifestyle and food habits of individuals are further contributing to the market. Large number of people are consuming spicy food worldwide, that is increasing their PH level disorders and other chronic diseases. The compound is formed in human body for preventing its side effects, it is also consumed by many individuals in the form of medicines. Flourishing packaged food & beverage industry owing to demand for ready to eat and ready to cook food is projected to fuel bicarbonate market.
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Bicarbonate market is segmented based on form such as white crystal, powder, wet solid and liquid. They are used in various industries including food & beverages, petroleum, chemical, agriculture and pharmaceuticals. On the basis of applications, it is classified into additives, solvents, leavening agents and household.
North America, headed by US is world’s most important pharmaceutical industry. It contributes nearly 35% of the global pharmaceutical industry hosting giant companies in medical industry on a global basis. The product is widely used in medicines to prevent acidity, indigestion and heartburn.
Surging pharmaceutical industry will significantly propel bicarbonate market in the forecast period. Bhutan widely consumes spicy food such that national dish of the country solely consists of chilies and cheese. Chilies in the region is considered as vegetable instead of flavor enhancer. With the increase in consumption of spicy food in the region, product demand is rising in Asia Pacific.
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Key contributors in bicarbonate market are Asahi, Hailian Sanyii, Shandong Haihua Group, Novacarb, Solvay, Tata Chemicals, Tosoh Corporation, Inner Mangolia Yuanxing, Xuyue and Vitro. Tata Chemicals acquired British Salt in 2010, the aim of acquisition was promising business model that has a potential to generate additional cash flow for the company and to expand its shares and position in diversified field for expansion and growth.
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