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The global sodium diacetate industry is growing rapidly owing to the increased consumption across different application sectors. It is widely used in bakery, cereals, snacks, convenient food, sauces, and pet food, among others. Sodium diacetate is used as an acidity regulator in meat and animal products. The use of this ingredient in various applications provides tremendous potential for high value and for additional applications for the preservation of food products. It also acts as a preservative and inhibits the growth of microbial. Sodium diacetate also helps to prevent spoilage by antimicrobial action.
The rising competition among the key players is also one of the key players in the industry. Food manufacturers are continually launching new goods in the market that further add up to the need for antimicrobials and preservatives, such as sodium diacetate. Sodium diacetate, together with sodium propionate, is among the most popular bread preservatives in the world. In addition, pasteurized and cold pack cheese products contain sodium diacetate and or both calcium and sodium propionates. Thus, the rising demand for such food products is contributing to the growth of the global sodium diacetate industry. The growth of the industry is also being aided by the rapid expansion of online and offline retail channels like Amazon (NASDAQ: AMZN) and Walmart, furthering the sales of sodium diacetate’s end products.
The global market for sodium diacetate is also being aided by the rising mergers and acquisitions among the key players in the market. In October 2018, Niacet, one of the key players in the market, announced its acquisition of Jungbunzlauer’s sodium diacetate business. The purchase has helped strengthen Niacet’s market position in sectors like the food, pharmaceutical, animal nutrition, and technical markets.
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The major players in the global sodium diacetate market are Macco Organiques Inc., Niacet Corporation, Spectrum Chemical Manufacturing Corp., and Aakash Manthan Industries, 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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