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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 (2015-2025); 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 2020-2025.

 

Sodium Propionate Market

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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.

 

Sodium Propionate Market by Application

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Sodium Propionate: Industry Definition and 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.

 

Sodium Propionate Market by Region

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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 industry based on the Porter's five forces model along with giving a SWOT analysis.

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 Summar
y
    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 (2015-2019) 
    8.3    Global Sodium Propionate Market Forecast (2020-2025)
    8.4    Global Sodium Propionate Market by Form
        8.4.1    Granules
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2015-2019)
            8.4.1.3    Forecast Trend (2020-2025)
        8.4.2    Powders
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2015-2019)
            8.4.2.3    Forecast Trend (2020-2025)
    8.5    Global Sodium Propionate Market by Application
        8.5.1    Agrochemicals
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2015-2019)
            8.5.1.3    Forecast Trend (2020-2025)
        8.5.2    Cosmetics and Personal Care
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2015-2019)
            8.5.2.3    Forecast Trend (2020-2025)
        8.5.3    Food and Beverage
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2015-2019)
            8.5.3.3    Forecast Trend (2020-2025)
        8.5.4    Animal Feed
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2015-2019)
            8.5.4.3    Forecast Trend (2020-2025)
        8.5.5    Pharmaceuticals
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2015-2019)
            8.5.5.3    Forecast Trend (2020-2025)
        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 (2015-2019)
        9.1.2    Forecast Trend (2020-2025)
        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 (2015-2019)
        9.2.2    Forecast Trend (2020-2025)
        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 (2015-2019)
        9.3.2    Forecast Trend (2020-2025)
        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 (2015-2019)
        9.4.2    Forecast Trend (2020-2025)
        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 (2015-2019)
        9.5.2    Forecast Trend (2020-2025)
        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    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis

    12.1    North America Historical Price Trends (2015-2019) & Forecast (2020-2025)
    12.2    Europe Historical Price Trends (2015-2019) & Forecast (2020-2025)
    12.3    Asia Pacific Historical Price Trends (2015-2019) & Forecast (2020-2025)
    12.4    Latin America Historical Price Trends (2015-2019) & Forecast (2020-2025)
    12.5    Middle East & Africa Historical Price Trends (2015-2019) & Forecast (2020-2025)
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 Figures and Tables

1.    Global Sodium Propionate Market: Key Industry Highlights, 2015 and 2025
2.    Global Sodium Propionate Historical Market: Breakup by Form (USD Million), 2015-2019
3.    Global Sodium Propionate Market Forecast: Breakup by Form (USD Million), 2020-2025
4.    Global Sodium Propionate Historical Market: Breakup by Application (USD Million), 2015-2019
5.    Global Sodium Propionate Market Forecast: Breakup by Application (USD Million), 2020-2025
6.    Global Sodium Propionate Historical Market: Breakup by Region (USD Million), 2015-2019
7.    Global Sodium Propionate Market Forecast: Breakup by Region (USD Million), 2020-2025
8.    North America Sodium Propionate Historical Market: Breakup by Country (USD Million), 2015-2019
9.    North America Sodium Propionate Market Forecast: Breakup by Country (USD Million), 2020-2025
10.    Europe Sodium Propionate Historical Market: Breakup by Country (USD Million), 2015-2019
11.    Europe Sodium Propionate Market Forecast: Breakup by Country (USD Million), 2020-2025
12.    Asia Pacific Sodium Propionate Historical Market: Breakup by Country (USD Million), 2015-2019
13.    Asia Pacific Sodium Propionate Market Forecast: Breakup by Country (USD Million), 2020-2025
14.    Latin America Sodium Propionate Historical Market: Breakup by Country (USD Million), 2015-2019
15.    Latin America Sodium Propionate Market Forecast: Breakup by Country (USD Million), 2020-2025
16.    Middle East and Africa Sodium Propionate Historical Market: Breakup by Country (USD Million), 2015-2019
17.    Middle East and Africa Sodium Propionate Market Forecast: Breakup by Country (USD Million), 2020-2025
18.    North America Historical Price Trends and Forecast 2015-2025
19.    Europe Historical Price Trends and Forecast 2015-2025
20.    Asia Pacific Historical Price Trends and Forecast 2015-2025
21.    Latin America Historical Price Trends and Forecast 2015-2025
22.    Middle East and Africa Historical Price Trends and Forecast 2015-2025
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 2020 and 2025.

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 2020-2025, 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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