The forecast for the import of sodium bicarbonate into India shows a steady upward trend from 2024 onwards, reaching an estimated 75.742 million kilograms by 2028. The data from 2023 places imports slightly below 65 million kilograms, indicating a consistent annual increase in demand.
Year-on-year growth rates are approximately 4% for each year from 2024 to 2028. This trend reflects a compound annual growth rate (CAGR) of around 3.75% from 2024 through 2028, demonstrating strong and sustained expansion in the market.
Future trends to watch for include:
- Rising domestic industries that are major consumers of sodium bicarbonate, such as pharmaceuticals and food processing.
- Potential shifts in global supply chains, impacting import rates and costs.
- Environmental policies that may influence production and use of sodium bicarbonate.