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Global Sodium Diacetate Market to Grow at a CAGR of 6%, Aided by the Rising Application in the Food Industry

According to a new report by EMR titled, ‘Global Sodium Diacetate Market Report and Forecast 2021-2026’, the global market for sodium diacetate is expected to grow at a CAGR of 6% in the forecast period of 2021-2026.

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.

Market Analysis by Form, Application, and Region:

  • The forms of the product can be divided into food grade and non-food grade.
  • Sodium diacetate finds wide applications in food and beverages, cosmetics and personal care, animal feed, and agrochemicals, among others.
  • The regional markets for sodium diacetate include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The market is being driven by the increased application of the product in the bakery segment.
  • Sodium diacetate is also increasingly being used in meat to avoid spoilage, further driving the market growth.
  • The rising production facilities in the Asia Pacific region is also propelling the market growth.
  • An increase in packaged meat and poultry products consumption has boosted the growth of the sodium diacetate industry.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for sodium diacetate for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the forms, applications, and major regions of sodium diacetate.
  • It assesses the regional price trends for the (2016-2020) and (2021-2026) periods.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

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.

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

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