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The global sodium propionate industry is primarily being driven by the rising demand from the food and beverage industry. It has wide applications as a food additive in bakery products, blue cheese, breads and buns, cakes and pies, cheese and cheese products, cured meat products, dried meat, firm and hard cheese, fresh processed meat products, meat and meat products, pastries and donuts, processed and American style cheese, raw (dry) fermented sausages, raw-cooked and pre-cooked products, soft and semi-soft cheese, and tortillas. The demand for these food products has witnessed a robust growth, especially due to the expansion of their distribution channels. Thus, the robust growth of major retailers like Amazon (NASDAQ: AMZN) and Walmart (NYSE: WMT) has influenced the sodium propionate industry positively.
The market is being significantly aided by the rising consumption of processed food in regions such as North America and Europe. The rising processed food demand can be attributed to the busier lifestyles, expanding disposable incomes, and the rising standards of living in the two regions. The growing approval of sodium propionate by various governmental agencies is further propelling the market. For instance, the Food and Drug Administration of the United States has certified sodium propionate as a GRAS food preservative. The sodium propionate industry is also expected to see expansion opportunities in the Asia Pacific due to the rising food preservatives industry in India and China.
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The major players in the global sodium propionate market are Fine Organics Industries Pvt. Ltd., Dr. Paul Lohmann GmbH & Co. KGaA, Jainex Specialty Chemicals, Titan Biotech Ltd, and Qingdao Jiutai Biotechnology 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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