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 : March, 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.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

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

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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