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Global Sodium Propionate Market to Grow at a CAGR of 3.5% During 2021-2026, Aided by the Rising Demand from the Food and Beverage Industry

According to a new report by EMR titled, ‘Global Sodium Propionate Market Report and Forecast 2021-2026’, the global market for sodium propionate is projected to grow at a CAGR of 3.5% in the forecast period of 2021-2026.

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.

Market Analysis by Form, Application, and Region:

  • The major forms of sodium propionate include granules and powders.
  • It finds wide applications in agrochemicals, cosmetics and personal care, food and beverage, animal feed, and pharmaceuticals, among others.
  • The regional markets for sodium propionate include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • Sodium propionate is widely used for the treatment of fungi and bacteria, which are responsible for causing eye infections, and helps avoid adverse effects, like allergies or sensitivities, which is aiding the market growth.
  • The growth of the market is being driven by the rising demand for sodium propionate in the food and pharmaceutical industry.
  • Rapid advancements in sodium propionate use in the medical practice are likely to aid patients with lids, conjunctiva, and corneal infection, thus, boosting the growth of the global sodium propionate industry.
  • The rise in the use of sodium propionate in cosmetics, personal care, as well as agrochemical industries is expected to drive the growth of the market.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for sodium propionate 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 propionate.
  • 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 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.

About Us:

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.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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