Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Potassium Bicarbonate Market by Type (Food Grade, Pharmaceutical Grade, Industrial Grade), By Application (Chemical Industry, Agriculture, Food, Pharmaceutical Industry, Extinguishing Agent, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Potassium Bicarbonate Market by Type (Food Grade, Pharmaceutical Grade, Industrial Grade), By Application (Chemical Industry, Agriculture, Food, Pharmaceutical Industry, Extinguishing Agent, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 138557 3300 Chemical & Material 377 234 Pages 4.6 (31)

Market Overview:

The global potassium bicarbonate market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for potassium bicarbonate from various applications such as chemical industry, agriculture, food, pharmaceutical industry and others. In addition, the growing demand for extinguishing agent is also propelling the growth of this market. However, volatility in prices of raw materials may restrain the growth of this market to some extent during the forecast period. On basis of type, food grade segment is projected to hold major share in global potassium bicarbonate market during forecast period owing to its extensive use in food and beverage industry across globe.

Global Potassium Bicarbonate Industry Outlook

Product Definition:

Potassium bicarbonate is a white, odorless powder that is soluble in water. It is used as a food additive to adjust the acidity and flavor of food products.

Food Grade:

Food grade is the product which can be used as a food additive and also in other industries like pharmaceutical, cosmetics, etc. It has different grades like A-G. A-G means Alpha, Gamma & Delta. The main function of these products is to increase the solubility & stability of drugs and make it suitable for consumption by humans or animals.

Pharmaceutical Grade:

Pharmaceutical grade is used in the preparation of pharmaceutical drugs. It is also used as an excipient, which is a substance used as an inactive ingredient in drug manufacturing. The major application of pharmaceutical grade potassium bicarbonate includes the production of paracetamol/ibuprofen and other medications for pain relief, fever reduction, and inflammation.

Application Insights:

The potassium bicarbonate market is segmented on the basis of application into the chemical industry, food, pharmaceutical industry, agriculture and others. The chemical industry accounted for a major share in 2016 and this trend is expected to continue over the forecast period. Potassium bicarbonate is extensively used in various industrial processes such as paper manufacturing, oil & gas exploration and production among others owing to its alkaline nature. It also acts as a catalyst in several reactions that involve organic compounds which further boosts its demand from various industries.

The agricultural sector has also been growing significantly due to rising demand for technologically advanced products coupled with increasing population globally. Potassium bicarbonate plays an important role in maintaining soil fertility by enhancing plant growth which eventually increases crop productivity worldwide making it one of the most valuable commodities globally speaking even though it may not be monetarily so at first glance or according to some people's standards of measurement (money).

Regional Analysis:

Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for approximately 60% of global potassium bicarbonate demand on account of rising production in China, India, Japan, and South Korea. In addition, increasing use in chemical industries coupled with growing food processing sector is anticipated to drive product demand over the coming years.

Europe accounted for a significant share of global revenue owing to high consumption by households as well as industrial sectors due to rapid technological advancements such as air conditioning which consumes large amount of Potassium Bicarbonate (PBC) along with other chemicals that lead to an increase in product consumption across various end-use industries including pharmaceuticals and extinguishing agents among others.

Growth Factors:

  • Increasing demand for food due to population growth
  • Rising disposable income of consumers in developing countries
  • Growing awareness about the health benefits of potassium bicarbonate among consumers
  • Technological advancements in food processing industry that facilitate the use of potassium bicarbonate as a food additive 5. Stringent regulations on the use of synthetic additives in foods by regulatory authorities

Scope Of The Report

Report Attributes

Report Details

Report Title

Potassium Bicarbonate Market Research Report

By Type

Food Grade, Pharmaceutical Grade, Industrial Grade

By Application

Chemical Industry, Agriculture, Food, Pharmaceutical Industry, Extinguishing Agent, Others

By Companies

Shandong Lunan Chemical, Evonik, Wentong Potassium Salt Group, Baoding Runfeng, Armand Products, Hebei Xinji Chemical Group, Shanxi Wencheng Chemical, Toagosei Group, Shijiazhuang Runhong Technology

Regions Covered

North America, Europe, APAC, Latin America, MEA

Base Year


Historical Year

2019 to 2020 (Data from 2010 can be provided as per availability)

Forecast Year


Number of Pages


Number of Tables & Figures


Customization Available

Yes, the report can be customized as per your need.

Global Potassium Bicarbonate Market Report Segments:

The global Potassium Bicarbonate market is segmented on the basis of:


Food Grade, Pharmaceutical Grade, Industrial Grade

The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.


Chemical Industry, Agriculture, Food, Pharmaceutical Industry, Extinguishing Agent, Others

The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.

Some of the companies that are profiled in this report are:

  1. Shandong Lunan Chemical
  2. Evonik
  3. Wentong Potassium Salt Group
  4. Baoding Runfeng
  5. Armand Products
  6. Hebei Xinji Chemical Group
  7. Shanxi Wencheng Chemical
  8. Toagosei Group
  9. Shijiazhuang Runhong Technology

Global Potassium Bicarbonate Market Overview

Highlights of The Potassium Bicarbonate Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Food Grade
    2. Pharmaceutical Grade
    3. Industrial Grade
  1. By Application:

    1. Chemical Industry
    2. Agriculture
    3. Food
    4. Pharmaceutical Industry
    5. Extinguishing Agent
    6. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Potassium Bicarbonate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • Latin America

Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.

The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
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  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Potassium Bicarbonate Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?

Potassium bicarbonate is a white crystalline salt that is used as a food additive and in industrial processes. It is also known as baking soda, and it has many uses in cooking and cleaning. Potassium bicarbonate helps to neutralize acids, which makes it useful in baking recipes or for cleaning acidic surfaces.

Some of the major players in the potassium bicarbonate market are Shandong Lunan Chemical, Evonik, Wentong Potassium Salt Group, Baoding Runfeng, Armand Products, Hebei Xinji Chemical Group, Shanxi Wencheng Chemical, Toagosei Group, Shijiazhuang Runhong Technology.

The potassium bicarbonate market is expected to register a CAGR of 5.5%.

1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Potassium Bicarbonate Market Overview
   4.1. Introduction
      4.1.1. Market Taxonomy
      4.1.2. Market Definition
   4.2. Macro-Economic Factors
      4.2.1. Industry Outlook
   4.3. Potassium Bicarbonate Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Potassium Bicarbonate Market - Supply Chain
   4.5. Global Potassium Bicarbonate Market Forecast
      4.5.1. Potassium Bicarbonate Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Potassium Bicarbonate Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Potassium Bicarbonate Market Absolute $ Opportunity

5. Global Potassium Bicarbonate Market Analysis and Forecast by Type
   5.1. Market Trends
   5.2. Introduction
      5.2.1. Basis Point Share (BPS) Analysis by Type
      5.2.2. Y-o-Y Growth Projections by Type
   5.3. Potassium Bicarbonate Market Size and Volume Forecast by Type
      5.3.1. Food Grade
      5.3.2. Pharmaceutical Grade
      5.3.3. Industrial Grade
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Potassium Bicarbonate Market Analysis and Forecast by Application
   6.1. Market Trends
   6.2. Introduction
      6.2.1. Basis Point Share (BPS) Analysis by Application
      6.2.2. Y-o-Y Growth Projections by Application
   6.3. Potassium Bicarbonate Market Size and Volume Forecast by Application
      6.3.1. Chemical Industry
      6.3.2. Agriculture
      6.3.3. Food
      6.3.4. Pharmaceutical Industry
      6.3.5. Extinguishing Agent
      6.3.6. Others
   6.4. Absolute $ Opportunity Assessment by Application
   6.5. Market Attractiveness/Growth Potential Analysis by Application

7. Global Potassium Bicarbonate Market Analysis and Forecast by Sales Channel
   7.1. Market Trends
   7.2. Introduction
      7.2.1. Basis Point Share (BPS) Analysis by Sales Channel 
      7.2.2. Y-o-Y Growth Projections by Sales Channel
   7.3. Potassium Bicarbonate Market Size and Volume Forecast by Sales Channel 
      7.3.1. Manufacturer/Distributor/Service Provider
      7.3.2. Aftermarket
   7.4. Absolute $ Opportunity Assessment by Sales Channel
   7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel

8. Global Potassium Bicarbonate Market Analysis and Forecast by Region
   8.1. Market Trends
   8.2. Introduction
      8.2.1. Basis Point Share (BPS) Analysis by Region
      8.2.2. Y-o-Y Growth Projections by Region
   8.3. Potassium Bicarbonate Market Size and Volume Forecast by Region
      8.3.1. North America
      8.3.2. Latin America
      8.3.3. Europe
      8.3.4. Asia Pacific
      8.3.5. Middle East and Africa (MEA)
   8.4. Absolute $ Opportunity Assessment by Region
   8.5. Market Attractiveness/Growth Potential Analysis by Region
   8.6. Global Potassium Bicarbonate Demand Share Forecast, 2019-2029

9. North America Potassium Bicarbonate Market Analysis and Forecast
   9.1. Introduction
      9.1.1. Basis Point Share (BPS) Analysis by Country
      9.1.2. Y-o-Y Growth Projections by Country
   9.2. North America Potassium Bicarbonate Market Size and Volume Forecast by Country
      9.2.1. U.S.
      9.2.2. Canada
   9.3. Absolute $ Opportunity Assessment by Country
   9.4. North America Potassium Bicarbonate Market Size and Volume Forecast by Application
      9.4.1. Chemical Industry
      9.4.2. Agriculture
      9.4.3. Food
      9.4.4. Pharmaceutical Industry
      9.4.5. Extinguishing Agent
      9.4.6. Others
   9.5. Basis Point Share (BPS) Analysis by Application
   9.6. Y-o-Y Growth Projections by Application
   9.7. North America Potassium Bicarbonate Market Size and Volume Forecast by Type
      9.7.1. Food Grade
      9.7.2. Pharmaceutical Grade
      9.7.3. Industrial Grade
   9.8. Basis Point Share (BPS) Analysis by Type
   9.9. Y-o-Y Growth Projections by Type
   9.10. Market Attractiveness/Growth Potential Analysis
      9.10.1. By Country
      9.10.2. By Product Type
      9.10.3. By Application
      9.10.4. By Sales Channel
   9.11. North America Potassium Bicarbonate Demand Share Forecast, 2019-2029

10. Latin America Potassium Bicarbonate Market Analysis and Forecast
   10.1. Introduction
      10.1.1. Basis Point Share (BPS) Analysis by Country
      10.1.2. Y-o-Y Growth Projections by Country
      10.1.3. Latin America Average Pricing Analysis
   10.2. Latin America Potassium Bicarbonate Market Size and Volume Forecast by Country
      10.2.1. Brazil
      10.2.2. Mexico
      10.2.3. Rest of Latin America
   10.3. Absolute $ Opportunity Assessment by Country
   10.4. Latin America Potassium Bicarbonate Market Size and Volume Forecast by Application
      10.4.1. Chemical Industry
      10.4.2. Agriculture
      10.4.3. Food
      10.4.4. Pharmaceutical Industry
      10.4.5. Extinguishing Agent
      10.4.6. Others
   10.5. Basis Point Share (BPS) Analysis by Application
   10.6. Y-o-Y Growth Projections by Application
   10.7. Latin America Potassium Bicarbonate Market Size and Volume Forecast by Type
      10.7.1. Food Grade
      10.7.2. Pharmaceutical Grade
      10.7.3. Industrial Grade
   10.8. Basis Point Share (BPS) Analysis by Type
   10.9. Y-o-Y Growth Projections by Type
   10.10. Market Attractiveness/Growth Potential Analysis
      10.10.1. By Country
      10.10.2. By Product Type
      10.10.3. By Application
      10.10.4. By Sales Channel
   10.11. Latin America Potassium Bicarbonate Demand Share Forecast, 2019-2029

11. Europe Potassium Bicarbonate Market Analysis and Forecast
   11.1. Introduction
      11.1.1. Basis Point Share (BPS) Analysis by Country
      11.1.2. Y-o-Y Growth Projections by Country
      11.1.3. Europe Average Pricing Analysis
   11.2. Europe Potassium Bicarbonate Market Size and Volume Forecast by Country
      11.2.1. Germany
      11.2.2. France
      11.2.3. Italy
      11.2.4. U.K.
      11.2.5. Spain
      11.2.6. Russia
      11.2.7. Rest of Europe
   11.3. Absolute $ Opportunity Assessment by Country
   11.4. Europe Potassium Bicarbonate Market Size and Volume Forecast by Application
      11.4.1. Chemical Industry
      11.4.2. Agriculture
      11.4.3. Food
      11.4.4. Pharmaceutical Industry
      11.4.5. Extinguishing Agent
      11.4.6. Others
   11.5. Basis Point Share (BPS) Analysis by Application
   11.6. Y-o-Y Growth Projections by Application
   11.7. Europe Potassium Bicarbonate Market Size and Volume Forecast by Type
      11.7.1. Food Grade
      11.7.2. Pharmaceutical Grade
      11.7.3. Industrial Grade
   11.8. Basis Point Share (BPS) Analysis by Type
   11.9. Y-o-Y Growth Projections by Type
   11.10. Market Attractiveness/Growth Potential Analysis
      11.10.1. By Country
      11.10.2. By Product Type
      11.10.3. By Application
      11.10.4. By Sales Channel
   11.11. Europe Potassium Bicarbonate Demand Share, 2019-2029

12. Asia Pacific Potassium Bicarbonate Market Analysis and Forecast
   12.1. Introduction
      12.1.1. Basis Point Share (BPS) Analysis by Country
      12.1.2. Y-o-Y Growth Projections by Country
      12.1.3. Asia Pacific Average Pricing Analysis
   12.2. Asia Pacific Potassium Bicarbonate Market Size and Volume Forecast by Country
      12.2.1. China
      12.2.2. Japan
      12.2.3. South Korea
      12.2.4. India
      12.2.5. Australia
      12.2.6. Rest of Asia Pacific (APAC)
   12.3. Absolute $ Opportunity Assessment by Country
   12.4. Asia Pacific Potassium Bicarbonate Market Size and Volume Forecast by Application
      12.4.1. Chemical Industry
      12.4.2. Agriculture
      12.4.3. Food
      12.4.4. Pharmaceutical Industry
      12.4.5. Extinguishing Agent
      12.4.6. Others
   12.5. Basis Point Share (BPS) Analysis by Application
   12.6. Y-o-Y Growth Projections by Application
   12.7. Asia Pacific Potassium Bicarbonate Market Size and Volume Forecast by Type
      12.7.1. Food Grade
      12.7.2. Pharmaceutical Grade
      12.7.3. Industrial Grade
   12.8. Basis Point Share (BPS) Analysis by Type
   12.9. Y-o-Y Growth Projections by Type
   12.10. Market Attractiveness/Growth Potential Analysis
      12.10.1. By Country
      12.10.2. By Product Type
      12.10.3. By Application
      12.10.4. By Sales Channel
   12.11. Asia Pacific Potassium Bicarbonate Demand Share, 2019-2029

13. Middle East & Africa Potassium Bicarbonate Market Analysis and Forecast
   13.1. Introduction
      13.1.1. Basis Point Share (BPS) Analysis by Country
      13.1.2. Y-o-Y Growth Projections by Country
      13.1.3. Asia Pacific Average Pricing Analysis
   13.2. Middle East & Africa Potassium Bicarbonate Market Size and Volume Forecast by Country
      13.2.1. Saudi Arabia
      13.2.2. South Africa
      13.2.3. UAE
      13.2.4. Rest of Middle East & Africa (MEA)
   13.3. Absolute $ Opportunity Assessment by Country
   13.4. Middle East & Africa Potassium Bicarbonate Market Size and Volume Forecast by Application
      13.4.1. Chemical Industry
      13.4.2. Agriculture
      13.4.3. Food
      13.4.4. Pharmaceutical Industry
      13.4.5. Extinguishing Agent
      13.4.6. Others
   13.5. Basis Point Share (BPS) Analysis by Application
   13.6. Y-o-Y Growth Projections by Application
   13.7. Middle East & Africa Potassium Bicarbonate Market Size and Volume Forecast by Type
      13.7.1. Food Grade
      13.7.2. Pharmaceutical Grade
      13.7.3. Industrial Grade
   13.8. Basis Point Share (BPS) Analysis by Type
   13.9. Y-o-Y Growth Projections by Type
   13.10. Market Attractiveness/Growth Potential Analysis
      13.10.1. By Country
      13.10.2. By Product Type
      13.10.3. By Application
      13.10.4. By Sales Channel
   13.11. Middle East & Africa Potassium Bicarbonate Demand Share, 2019-2029

14. Competition Landscape
   14.1. Global Potassium Bicarbonate Market: Market Share Analysis
   14.2. Potassium Bicarbonate Distributors and Customers
   14.3. Potassium Bicarbonate Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. Shandong Lunan Chemical Overview Financials Developments Strategic Outlook
      14.4.2. Evonik Overview Financials Developments Strategic Outlook
      14.4.3. Wentong Potassium Salt Group Overview Financials Developments Strategic Outlook
      14.4.4. Baoding Runfeng Overview Financials Developments Strategic Outlook
      14.4.5. Armand Products Overview Financials Developments Strategic Outlook
      14.4.6. Hebei Xinji Chemical Group Overview Financials Developments Strategic Outlook
      14.4.7. Shanxi Wencheng Chemical Overview Financials Developments Strategic Outlook
      14.4.8. Toagosei Group Overview Financials Developments Strategic Outlook
      14.4.9. Shijiazhuang Runhong Technology Overview Financials Developments Strategic Outlook
      14.4.10. COMPANY 10 Overview Financials Developments Strategic Outlook
      14.4.11. COMPANY 11 Overview Financials Developments Strategic Outlook
      14.4.12. COMPANY 12 Overview Financials Developments Strategic Outlook
      14.4.13. COMPANY 13 Overview Financials Developments Strategic Outlook
      14.4.14. COMPANY 14 Overview Financials Developments Strategic Outlook
      14.4.15. COMPANY 15 Overview Financials Developments Strategic Outlook
      14.4.16. COMPANY 16 Overview Financials Developments Strategic Outlook
      14.4.17. COMPANY 17 Overview Financials Developments Strategic Outlook
      14.4.18. COMPANY 18 Overview Financials Developments Strategic Outlook
      14.4.19. COMPANY 19 Overview Financials Developments Strategic Outlook
      14.4.20. COMPANY 20 Overview Financials Developments Strategic Outlook

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