Growing Use of Sodium Propionate as Food
Additive Driven by Excellent Solubility and Microbiological
Resistance.
ROCKVILLE, Md., July 30,
2024 /PRNewswire/ -- The global Sodium
Propionate Market is estimated to reach a size of
US$ 168.5 million in 2024, as
revealed in the recently updated industry analysis published by
Fact.MR, a market research and competitive intelligence provider.
The market has been projected to expand at a CAGR of 3.9%
from 2024 to 2034.
Sodium propionate is used significantly as unsaturated fat in
pharmaceutical and preservative industries. High solvency and
microbial movement make it ideal for use as a food additive.
Increasing demand for processed food products is pushing the use of
sodium propionate in packaged and processed meals, which are
exhibiting high demand due to the busy lifestyle of more people in
today's world. The flourishing processed food sector, including
dairy products, poultry, pork, and baked goods, accounts for the
high demand for sodium propionate as a popular preservative and for
extending product shelf life.
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Report:
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Key Takeaway from Sodium Propionate Market Study:
- The market for sodium propionate is projected to climb to a
value of US$ 247.1 million by
2034.
- B2C sales channels are forecasted to occupy a 53.3% share of
the global market by the end of 2034.
- North America is analyzed to
capture a share of 24.3% of the global market by 2034-end.
- The market in South Korea is
forecasted to expand at 4.6% CAGR through 2034.
- Worldwide sales of liquid sodium propionate are projected to
rise at a CAGR of 4.4% and reach US$ 112.7
million by 2034.
- Demand for sodium propionate in Japan is evaluated to increase at a CAGR of
4.4% from 2024 to 2034.
"Constant advancements in product formulations and food
processing techniques are creating opportunities for manufacturers
of sodium propionate and helping them offer more effective
products," says a Fact.MR analyst.
Leading Players Driving Innovation in the Sodium
Propionate Market
Key players in the sodium propionate industry are Prathista
Industries Ltd.; Jainex Specialty Chemicals; Fine Organic
Industries Private Limited; Dr. Paul Lohmann GmbH KG; Krishna
Chemicals; Macco Organiques Inc.; Titan Biotech Ltd.; Foodchem
International Corporation; Sigma-Aldrich, Inc.; Tengzhou Tenglong
Chemical Co. Ltd.; Paul Lohmann GmbH KG; Rishi Chemicals Work Pvt.
Ltd.; Toronto Research Chemicals Inc.; Niacet Corporation; Titan
Biotech Limited.
High Consumption of Convenience and Packaged Food Products in
the United States
Demand for sodium propionate in the
United States is projected to increase at a CAGR of 4.3% and
reach a value of US$ 27.4 million by
the end of 2034. More consumers in the country are opting for
convenience and packaged food products due to their hectic
lifestyles. Therefore, with growing demand for convenience food
products, a positive impact on the sales of sodium propionate is
also witnessed for their features of preserving food products
without any compromise with the texture or taste.
Sodium Propionate Industry News:
Macco Organiques is one of the leading producers of sodium
propionate in Canada. In
February 2022, the company signed an
agreement with Kraft Heinz, a prominent food manufacturer in
the United States, to expand its
footprint in the country.
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Global Market Analysis 2019 to 2023 and Forecast 2024 to
2034, by Grade:
- Food-grade
- Pharmaceutical-grade
Global Market Analysis 2019 to 2023 and Forecast 2024 to
2034, by Form
Global Market Analysis 2019 to 2023 and Forecast 2024 to
2034, by Function
- Preservatives
- pH Regulators
- Flavor Enhancers
- Mold Inhibitors
- Antimicrobial Agents
Global Market Analysis 2019 to 2023 and Forecast 2024 to
2034, by End-use Industry
- Pharmaceuticals
- Food & Beverages
- Agriculture
- Cosmetics & Personal Care
Global Market Analysis 2019 to 2023 and Forecast 2024 to
2034, by Distribution Channel
- B2B Channels
- B2C Channels
More Valuable Insights:
Fact.MR, in its new offering, presents an unbiased analysis of
the sodium propionate market, presenting historical demand data
(2019 to 2023) and forecast statistics for the period (2024 to
2034).
The study divulges essential insights into the market based on
grade (food-grade, pharmaceutical-grade), form (powder, liquid,
granules), end-use industry (pharmaceuticals, food & beverages,
agriculture, cosmetics & personal care), function
(preservatives, pH regulators, flavor enhancers, mold inhibitors,
antimicrobial agents), and distribution channel (B2B channels, B2C
channels), across seven major regions of the world (North America, Latin
America, Western Europe,
Eastern Europe, East Asia, South
Asia & Pacific, and MEA).
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About Us:
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SOURCE Fact.MR