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Global Sodium Acid Pyrophosphate Market to Grow at a CAGR of 4% During 2020-2025, Aided by the Growth in the Pet Food Industry

According to a new report by EMR titled, ‘Global Sodium Acid Pyrophosphate Market Report and Forecast 2020-2025’, the global market for sodium acid pyrophosphate is expected to grow at a CAGR of 4% in the forecast period of 2020-2025.

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 2019, 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.

Market Analysis by Grade, Functionality, End Use, and Region:

  • The market on the basis of grade can be divided into food grade and industrial grade.
  • Based on functionality, the industry can be divided into buffer, leavening agent, emulsifier, stabilizer, adhesive, and others.
  • The end uses of the market include food and beverages, pet food, leather, pharmaceutical, petroleum, and others.
  • The regional markets for sodium acid pyrophosphate include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The growing food processing industry has been a significant factor in the growth of the sodium acid pyrophosphate industry.
  • The increasing demand for baked goods is expected to continue to drive the market growth.
  • The expansion of the livestock industry is predicted to increase the production capacity of the sodium acid pyrophosphate industry.
  • The recent surge in the pharmaceutical industry is expected to support the growth of the sodium acid pyrophosphate industry.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for sodium acid pyrophosphate for the periods (2015-2019) and (2020-2025).
  • The report also offers the historical (2015-2019) and forecast (2020-2025) market information for the grades, functionalities, end uses, and major regions of sodium acid pyrophosphate.
  • It assesses the regional price trends for the (2015-2019) and (2020-2025) periods.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

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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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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