Product Code: ETC190995 | Publication Date: May 2022 | Updated Date: May 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 | |
Mexico Sodium Bicarbonate market currently, in 2023, has witnessed an HHI of 9727, Which has increased slightly as compared to the HHI of 9280 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The sodium bicarbonate market in Mexico is witnessing steady growth, driven by its versatile applications in industries such as food and beverages, pharmaceuticals, and chemicals. Sodium bicarbonate is utilized as a leavening agent in baking, a buffering agent in pharmaceutical formulations, and a chemical feedstock in various processes. The market is influenced by factors such as the growing food and pharmaceutical sectors, consumer preferences for natural ingredients, and the demand for environmentally friendly chemicals. Manufacturers are focusing on sustainable production practices and exploring new applications to expand their market presence.
The Sodium Bicarbonate Market in Mexico is experiencing robust growth, driven by the expanding food and beverage industry, pharmaceuticals, and water treatment applications. Sodium bicarbonate, commonly known as baking soda, is a versatile compound with various uses, including leavening agent in baking, acidity regulator in food, and pH buffer in water treatment. The market is responding to the increasing demand for sodium bicarbonate in diverse industries. Moreover, advancements in production technologies and the focus on sustainable and natural ingredients are contributing to market expansion. Regulatory support for safe and efficient sodium bicarbonate use is further fostering market growth in Mexico.
In the Mexico Sodium Bicarbonate market, challenges arise from fluctuating raw material costs, competition from substitute products, and evolving consumer preferences. The market`s dependency on the chemical industry for raw materials exposes it to price volatility and supply chain disruptions. Moreover, the availability of alternative chemicals for similar applications poses a threat to sodium bicarbonate`s market share. Additionally, changing consumer trends towards natural and organic products challenge conventional sodium bicarbonate formulations. Overcoming these challenges requires strategic sourcing strategies, product innovation to meet evolving consumer demands, and diversification of application segments to mitigate risks associated with market volatility.
Government policy in Mexico regarding the sodium bicarbonate market focuses on ensuring product quality, promoting industry competitiveness, and regulating production and usage to safeguard public health and environmental integrity. The Secretariat of Economy (SE) establishes technical regulations and quality standards for sodium bicarbonate to ensure compliance with safety and performance requirements. Additionally, regulatory frameworks developed by agencies such as the Federal Commission for Protection against Health Risks (COFEPRIS) address labeling, packaging, and storage requirements to prevent product contamination and misuse. Through collaboration with industry associations and research institutions, the government promotes innovation in sodium bicarbonate production processes and applications, supporting economic growth and sustainability in the market.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Mexico Sodium Bicarbonate Market Overview |
3.1 Mexico Country Macro Economic Indicators |
3.2 Mexico Sodium Bicarbonate Market Revenues & Volume, 2021 & 2028F |
3.3 Mexico Sodium Bicarbonate Market - Industry Life Cycle |
3.4 Mexico Sodium Bicarbonate Market - Porter's Five Forces |
3.5 Mexico Sodium Bicarbonate Market Revenues & Volume Share, By By Grade, 2021 & 2028F |
3.6 Mexico Sodium Bicarbonate Market Revenues & Volume Share, By By Form, 2021 & 2028F |
3.7 Mexico Sodium Bicarbonate Market Revenues & Volume Share, By By Application, 2021 & 2028F |
3.8 Mexico Sodium Bicarbonate Market Revenues & Volume Share, By By Type, 2021 & 2028F |
4 Mexico Sodium Bicarbonate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Mexico Sodium Bicarbonate Market Trends |
6 Mexico Sodium Bicarbonate Market, By Types |
6.1 Mexico Sodium Bicarbonate Market, By By Grade |
6.1.1 Overview and Analysis |
6.1.2 Mexico Sodium Bicarbonate Market Revenues & Volume, By By Grade, 2018 - 2028F |
6.1.3 Mexico Sodium Bicarbonate Market Revenues & Volume, By Food Grade, 2018 - 2028F |
6.1.4 Mexico Sodium Bicarbonate Market Revenues & Volume, By Pharma Grade, 2018 - 2028F |
6.1.5 Mexico Sodium Bicarbonate Market Revenues & Volume, By Feed Grade, 2018 - 2028F |
6.1.6 Mexico Sodium Bicarbonate Market Revenues & Volume, By Technical Grade, 2018 - 2028F |
6.2 Mexico Sodium Bicarbonate Market, By By Form |
6.2.1 Overview and Analysis |
6.2.2 Mexico Sodium Bicarbonate Market Revenues & Volume, By Slurry, 2018 - 2028F |
6.2.3 Mexico Sodium Bicarbonate Market Revenues & Volume, By Crystal/Powdered Crystal, 2018 - 2028F |
6.2.4 Mexico Sodium Bicarbonate Market Revenues & Volume, By Liquid, 2018 - 2028F |
6.3 Mexico Sodium Bicarbonate Market, By By Application |
6.3.1 Overview and Analysis |
6.3.2 Mexico Sodium Bicarbonate Market Revenues & Volume, By Food, 2018 - 2028F |
6.3.3 Mexico Sodium Bicarbonate Market Revenues & Volume, By Personal Care/Cosmetics, 2018 - 2028F |
6.3.4 Mexico Sodium Bicarbonate Market Revenues & Volume, By Pharmaceuticals, 2018 - 2028F |
6.3.5 Mexico Sodium Bicarbonate Market Revenues & Volume, By Flue Gas Treatment, 2018 - 2028F |
6.3.6 Mexico Sodium Bicarbonate Market Revenues & Volume, By Animal Feed, 2018 - 2028F |
6.3.7 Mexico Sodium Bicarbonate Market Revenues & Volume, By Cleaning Agent/Detergent, 2018 - 2028F |
6.3.8 Mexico Sodium Bicarbonate Market Revenues & Volume, By Others, 2018 - 2028F |
6.3.9 Mexico Sodium Bicarbonate Market Revenues & Volume, By Others, 2018 - 2028F |
6.4 Mexico Sodium Bicarbonate Market, By By Type |
6.4.1 Overview and Analysis |
6.4.2 Mexico Sodium Bicarbonate Market Revenues & Volume, By Sodium carbonate method type, 2018 - 2028F |
6.4.3 Mexico Sodium Bicarbonate Market Revenues & Volume, By Sodium hydroxide method type, 2018 - 2028F |
6.4.4 Mexico Sodium Bicarbonate Market Revenues & Volume, By Nahcolite extraction type, 2018 - 2028F |
7 Mexico Sodium Bicarbonate Market Import-Export Trade Statistics |
7.1 Mexico Sodium Bicarbonate Market Export to Major Countries |
7.2 Mexico Sodium Bicarbonate Market Imports from Major Countries |
8 Mexico Sodium Bicarbonate Market Key Performance Indicators |
9 Mexico Sodium Bicarbonate Market - Opportunity Assessment |
9.1 Mexico Sodium Bicarbonate Market Opportunity Assessment, By By Grade, 2021 & 2028F |
9.2 Mexico Sodium Bicarbonate Market Opportunity Assessment, By By Form, 2021 & 2028F |
9.3 Mexico Sodium Bicarbonate Market Opportunity Assessment, By By Application, 2021 & 2028F |
9.4 Mexico Sodium Bicarbonate Market Opportunity Assessment, By By Type, 2021 & 2028F |
10 Mexico Sodium Bicarbonate Market - Competitive Landscape |
10.1 Mexico Sodium Bicarbonate Market Revenue Share, By Companies, 2021 |
10.2 Mexico Sodium Bicarbonate Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |