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As quality-of-life increases along with a rise in disposable incomes, more consumers are adopting pets. The spread of animal rights awareness is leading more people in developed countries to rescue animals from shelters. Pet food is one of the primary end uses of sodium acid pyrophosphate due to its ability to increase the palatability of cat foods (and other pet foods) when used as an additive. Emerging economies in the Asia Pacific are showing remarkable growth in the pet and pet care industries and are forecast to be the main driver for the growth of sodium acid pyrophosphate in this sector.
In early 2020, Feixi Jiungsheng, a Chinese food manufacturing company, submitted a patent application for blood pressure and lipid-lowering sesame seed sugar. Sodium acid pyrophosphate is one of the chief raw materials in the manufacture of this product, and this is an indicator of the increase in the use of sodium acid pyrophosphate in the manufacturing of healthy foods. The surging growth of e-commerce giants such as Amazon.com, Inc. (NASDAQ: AMZN) and Alibaba Group Holding Ltd. (HKG: 9988) is expected to continue to increase the access of consumers to processed foods, pet foods, and others and is, therefore, predicted to drive the sodium acid pyrophosphate industry during the forecast period.
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The major players in the global sodium acid pyrophosphate market are Israel Chemicals Ltd., Jiangsu Sunrise Biotech Co. Ltd., Shubhchem Industries, Sichuan Blue Sword Chemical (Group) Co., Ltd., and Nippon Chemical Industrial Co., Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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