Sodium Propionate Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

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Sodium Propionate Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Status : September, 2020 | Chemical & Materials | PPT format

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Global Sodium Propionate Market: Snapshot

Sodium propionate is commercially produced through the reaction between sodium compounds such as sodium hydroxide or sodium carbonate with propionic acid. Sodium propionate is a three-carbon organic salt that has exhibited excellent properties as an antimicrobial additive. It is highly toxic to certain bacteria as well as molds. This has made the sodium propionate market a key part of the global food and beverages sector, as safety of packaged food has become a key topic and is likely to direct the development of the global food sector in the coming years.

The rising demand for packaged food in emerging economies is likely to remain a key driver for the global sodium propionate market. The need for preservatives and antimicrobial additives is more prominent in packaged food than in fresh food, leading to a steady rise in the consumption of sodium propionate in various types of packaged food. The increasing demographic of urban consumers is likely to drive the demand for sodium propionate in the coming years, as urban consumers are becoming a key consumer group for the packaged food market. The rapid growth of the fast food industry in developed as well as developing economies has thus been crucial for the global sodium propionate market. The accompanying growth in the demand for canned foods such as meats and vegetables has also helped the sodium propionate market.

The rising demand for animal products such as meat and dairy products is also likely to be a key driver for the global sodium propionate market. This is due to its widespread use in animal feed as an antimicrobial additive. The steady growth of the bakery sector across the world has also benefited the global sodium propionate market, as breads and other bakery products are heavily prone to microbial attacks and mold. 

Global Sodium Propionate Market: Overview

Sodium propionate is manufactured through the reaction of sodium hydroxide or sodium carbonate with propionic acid. It is chemically produced for a wide range of industrial uses, a lot of which revolve around its toxicity to bacteria and various types of molds, making it very useful in the food industry. Sodium propionate exists as a white crystalline solid or a white powder. Propionates help in preventing microbes from generating the energy they require to propagate.

Sodium propionate is employed as a food additive in order to restrict the growth of bacteria. Sodium propionate is primarily a common food additive, which is manufactured industrially. However, sodium propionate also occurs naturally. Since sodium propionate is noxious to mold and specific bacterial species, it is an effective additive in a wide range of baked goods and products that are prone to spoilage. In addition, the compound is also used in the overall food industry in order to increase its shelf life. Moreover, sodium propionate is employed as a preservative in canned and packaged food to keep it from spoilage.

Global Sodium Propionate Market: Top Drivers and Trends

The key driver for the global sodium propionate market is its use as a preservative and a food additive in bakery products. Sodium propionate is used in the food industry in order to enhance the color, flavor, texture, and shelf life of products, which imparts important aesthetic values and finds favor with several manufacturers, despite its lack of nutritional value. The growing food industry and the growth in the fast-food industry due to the increasingly hectic urban lifestyles is likely to continue driving the global sodium propionate market in various region over the next few years.

Additionally, the increasing number of restaurants, cafes and eateries in the world, coupled with the changing lifestyle of the people of preferring to eat ready foods rather than cooking at home, is likely to drive the global sodium propionate market in the near future. The growth in the number of bakeries and patisseries is also likely to drive this market.

Global Sodium Propionate Market: Geographical Analysis

The key regions of the global sodium propionate market are North America, Europe, Asia Pacific and the rest of the world. The demand for sodium propionate in North America has been exceptionally high owing to the changing lifestyle of people, the tremendous growth in the food industry and the increasing number of patisseries in the region. Europe follows North America in terms of demand for sodium propionate, due to the growing food industry, especially in Italy and Spain.

Asia Pacific is anticipated to be the swift in terms of growing demands in the global sodium propionate market. Various authorizations are currently present in China for the use of sodium propionate. However owing to the changing lifestyle of people in the Asia Pacific region and the growing disposable income of consumers in emerging countries especially in India and China is expected to boost the market for sodium propionate in the near future. Moreover, the rapidly growing bakery and food industry is likely to boost the sodium propionate market during the forecast period.

Global Sodium Propionate Market: Companies Mentioned in the Report

The key companies in the global sodium propionate market so far have included Dow Chemicals Company, Arkema SA, BASF AG, Imperial Chemical Industry, and Elementis PLC.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?