Reports
Global Sodium Propionate Market: By Form: Granules, Powders; By Application: Agrochemicals, Cosmetics and Personal Care, Food and Beverage, Animal Feed, Pharmaceuticals, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Competitive Landscape; Industry Events and Developments
Global Sodium Propionate Market Outlook
The global sodium propionate market is expected to grow at a CAGR of 3.5% in the forecast period of 2023-2028.
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North America and Europe Leading the Global Market for Sodium Propionate
North America and Europe together account for a significant proportion of the global market share. North America is one of the leading regions for the sodium propionate industry. This growth in the region is being triggered by the presence of numerous key players. The market development in Europe is primarily being driven by the increasing capital investments, especially in the food industry across countries like Italy, France, and the United Kingdom.
The rising demand from the application sectors, such as feed additives, food preservatives, as well as the pharmaceutical sector, is boosting the demand for the product globally. The market in the countries within the Asia Pacific region is, especially developing at a rapid rate. The rising capacity expansions by the manufacturers of the product, particularly in India and China, is leading to the growth of the industry.
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Sodium Propionate: Market Segmentation
Sodium propionate is a natural organic acid formed during the chemical cycle of sugar degradation. It is the sodium salt of propionic acid, which is naturally hygroscopic. The salt in the form of granular, crystal-clear, or translucent crystals is white or colourless. It is a food ingredient that has been recognised by the FDA and is primarily used to preserve and flavour foods. Sodium propionate is widely found in baked goods, foods, milk, soft drink, and alcoholic drinks.
Based on form, the industry can be divided into the following:
- Granules
- Powders
On the basis of application, the market can be divided as follows:
- Agrochemicals
- Cosmetics and Personal Care
- Food and Beverage
- Animal Feed
- Pharmaceuticals
- Others
The regional markets for sodium propionate can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Demand from the Food and Pharmaceuticals Industries Bolstering the Market Growth
The global market is driven by the rising demand for sodium propionate in the food and pharmaceutical sectors. The product is used in these sectors to avoid the development of mould and other bacteria, especially in baked and processed foods. In the coming years, the demand for sodium propionate from the food sector is expected to grow, as it is utilised in processed and cooked foods to enhance the product's flavour and shelf-life. The product is used for the treatment of fungi and bacteria, which cause eye infections, and helps avoid adverse effects, such as allergies or sensitivities. In addition, advancements in sodium propionate in the medical practice are expected to aid patients with lids, conjunctiva, and corneal infection, thus, propelling the growth of the global sodium propionate industry. Moreover, the rise in the use of sodium propionate in cosmetic, personal care, and agrochemical industries is anticipated to drive the global sodium propionate industry during the forecast period.
Key Industry Players in the Global Sodium Propionate Market
The report gives a detailed analysis of the following key players in the global sodium propionate market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Fine Organics Industries Pvt. Ltd.
- Dr. Paul Lohmann GmbH & Co. KGaA
- Jainex Specialty Chemicals
- Titan Biotech Ltd
- Qingdao Jiutai Biotechnology Co.,Ltd.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Form, Application, Region |
| Breakup by Form | Granules, Powders |
| Breakup by Application | Agrochemicals, Cosmetics and Personal Care, Food and Beverage, Animal Feed, Pharmaceuticals, Others |
| Breakup by Region | North America, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Fine Organics Industries Pvt. Ltd., Dr. Paul Lohmann GmbH & Co. KGaA, Jainex Specialty Chemicals, Titan Biotech Ltd, Qingdao Jiutai Biotechnology Co.,Ltd., Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Sodium Propionate Market Analysis
8.1 Key Industry Highlights
8.2 Global Sodium Propionate Historical Market (2018-2022)
8.3 Global Sodium Propionate Market Forecast (2023-2028)
8.4 Global Sodium Propionate Market by Form
8.4.1 Granules
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Powders
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Sodium Propionate Market by Application
8.5.1 Agrochemicals
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Cosmetics and Personal Care
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Food and Beverage
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Animal Feed
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Pharmaceuticals
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Others
8.6 Global Sodium Propionate Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2018-2022) & Forecast (2023-2028)
12.2 Europe Historical Price Trends (2018-2022) & Forecast (2023-2028)
12.3 Asia Pacific Historical Price Trends (2018-2022) & Forecast (2023-2028)
12.4 Latin America Historical Price Trends (2018-2022) & Forecast (2023-2028)
12.5 Middle East & Africa Historical Price Trends (2018-2022) & Forecast (2023-2028)
13 Manufacturing Process
13.1 Overview
13.2 Detailed Process Flow
13.3 Operation Involved
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Fine Organics Industries Pvt. Ltd.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Dr. Paul Lohmann GmbH & Co. KGaA
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Jainex Specialty Chemicals
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Titan Biotech Ltd
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Qingdao Jiutai Biotechnology Co.,Ltd.
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Others
15 Industry Events and Developments
Additional Customisations Available
1 Project Requirements and Cost Analysis
1.1 Land, Location, and Site Development
1.2 Construction
1.3 Plant Machinery
1.4 Raw Material
1.5 Packaging
1.6 Transportation
1.7 Utilities
1.8 Manpower
1.9 Other Capital Investments
List of Key Figures and Tables
1. Global Sodium Propionate Market: Key Industry Highlights, 2018 and 2028
2. Global Sodium Propionate Historical Market: Breakup by Form (USD Million), 2018-2022
3. Global Sodium Propionate Market Forecast: Breakup by Form (USD Million), 2023-2028
4. Global Sodium Propionate Historical Market: Breakup by Application (USD Million), 2018-2022
5. Global Sodium Propionate Market Forecast: Breakup by Application (USD Million), 2023-2028
6. Global Sodium Propionate Historical Market: Breakup by Region (USD Million), 2018-2022
7. Global Sodium Propionate Market Forecast: Breakup by Region (USD Million), 2023-2028
8. North America Sodium Propionate Historical Market: Breakup by Country (USD Million), 2018-2022
9. North America Sodium Propionate Market Forecast: Breakup by Country (USD Million), 2023-2028
10. Europe Sodium Propionate Historical Market: Breakup by Country (USD Million), 2018-2022
11. Europe Sodium Propionate Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Asia Pacific Sodium Propionate Historical Market: Breakup by Country (USD Million), 2018-2022
13. Asia Pacific Sodium Propionate Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Latin America Sodium Propionate Historical Market: Breakup by Country (USD Million), 2018-2022
15. Latin America Sodium Propionate Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Middle East and Africa Sodium Propionate Historical Market: Breakup by Country (USD Million), 2018-2022
17. Middle East and Africa Sodium Propionate Market Forecast: Breakup by Country (USD Million), 2023-2028
18. North America Historical Price Trends and Forecast 2018-2028
19. Europe Historical Price Trends and Forecast 2018-2028
20. Asia Pacific Historical Price Trends and Forecast 2018-2028
21. Latin America Historical Price Trends and Forecast 2018-2028
22. Middle East and Africa Historical Price Trends and Forecast 2018-2028
23. Global Sodium Propionate Market Structure
Key Questions Answered in the Report
The global sodium propionate market is projected to grow at a CAGR of 3.5% between 2023 and 2028.
The major drivers of the industry, such as rising disposable incomes, increasing population, and growing demand from the feed additives, food preservatives, and pharmaceutical industries, are expected to aid the market growth.
The key trend guiding the growth of the market includes the growth in the application of sodium propionate in cosmetic, personal care, and agrochemical industries.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading forms of sodium propionate in the market are granules and powders.
The major application segments in the market are agrochemicals, cosmetics and personal care, food and beverage, animal feed, and pharmaceuticals, among others.
The major players in the industry 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.
Analyst Review
The global sodium propionate market is being driven by rising demand from the application segments. Aided by the growing demand for agrochemicals, the market is expected to witness a moderate growth in the forecast period of 2023-2028, growing at a CAGR of 3.5%.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By form, the market is segmented into granules and powders. Based on application, the market is divided into agrochemicals, cosmetics and personal care, food and beverage, animal feed, and pharmaceuticals, among others. The major regional markets for sodium propionate are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include 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.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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