Increasing demand from the pharmaceutical industries is expected to propel the growth of the Global Sodium Propionate Market
The market for sodium propionate was estimated to be worth USD 154.59 million in 2022, and it is anticipated to grow at a compound annual growth rate (CAGR) of 3.98% through 2028 to reach USD 195.36 million.
Covid-19 Impact & Market Status
The Covid-19 pandemic has remained quite instrumental in driving the growth of the global Sodium Propionate market. This is because covid-19 has piqued interest in Sodium Propionate technologies. People have shifted their work preferences from in-office to remote work, whereas schools are also operating remotely. This research report offers a detailed market outlook of the global Sodium Propionate market depending upon the current economic situation and developments in the application, type, and regional segments.
It does a deep analysis of the impact of covid-19 on the market and recovery strategies applied by market players to restore the growth trends and maintain market competitiveness. The in-depth insights documented in the report enable well-informed investment decisions by for the new payers, aspirants, and also the well-established ones in the global Sodium Propionate market.
Food grade Sodium Propionate Type to Emerge as the Most Lucrative Segment
food grade sodium propionate is a food added substance that is utilized to protect and broaden the time span of usability of food items. It is likewise utilized as an additive in pastry kitchen things. Food-grade sodium propionate is viewed as safe for human utilization by the FDA. Sodium propionate is likewise accessible in a drug grade, which is utilized for the treatment of skin diseases. The FDA has grouped sodium propionate as a protected and successful medication for the treatment of skin break out vulgaris. Food grade sodium propionate is utilized in the food and drink industry as an additive. It represses bacterial development and jam the newness of organic products, vegetables, dairy items, sauces, pastry kitchen things, bread, and different food varieties. The worldwide market for food-grade sodium propionate is developing at a quick speed because of its broad use in the food business.
Pharmaceutical segment to generate the highest demand
Sodium propionate is a significant salt of unsaturated fat, utilized as a Food Preservative and in Pharmaceutical Industries. Its properties, for example, hostile to microbial movement and high solvency made it ideal for food additives. The rising utilization of Sodium Propionate in the drugs business is supposed to drive market development over the gauge period. Furthermore, developing interest for sodium propionate from food and drink enterprises, for example, pastry shop items like bread, cakes, doughnuts, and so on, individual consideration items like cleanser's, and so on, has prompted the improvement of uses in these fragments which might prompt higher income age open doors subsequently fuelling the market development during the estimate time frame.
The focus on sustainability has paved new growth opportunities, thus furthering the inclusion of Sodium Propionate
Sodium propionate is utilized as a food added substance and additive in different food items like pastry shop things, handled meat, and dairy items.
Sodium propionate is the sodium salt of propionic corrosive. It is a white, translucent strong. The significant utilization of sodium propionate is as an additive in food and creature feed items. Sodium Propionate happens normally in nature, for example, in ruminant creatures and assumes a significant part in human nourishment by giving energy to the body. It has been demonstrated that utilization of Sodium Propionate forestalls tooth rot by keeping up with solid degrees of acids delivered during sugar digestion, subsequently lessening harm caused to teeth veneer because of sugar-based items.
The development of the worldwide sodium propionate market is principally credited to the rising interest for food-grade and drug grade sodium propionate from different end-use enterprises. Likewise, the developing mindfulness about the advantages of utilizing sodium propionate in food items is supposed to fuel the development of the market over the estimate period. The rising interest for handled food sources and comfort food sources is likewise projected to drive the development of the worldwide sodium propionate market sooner rather than later.
The major players of the global Sodium Propionate market are Niacet, Macco Organiques, Prathista Industries, Fine Organics, Shandong Tongtaiweirun Chemical, Qingdao Jiutai Biotechnology, Tengzhou Zhongzheng Chemical, Tenglong Company, Qingdao Dawei Biological Engineering, Lianyungang Shuren Kechuang Food Additive, Shanghai Huamei Food Additives, ALCHEMY
Sodium Propionate Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 195.36 million|
|Growth Rate||CAGR of 3.98 % during 2018-2028|
|Segment Covered||By Application, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Prathista Industries Ltd, Fine Organic Industries Private Limited, Niacet Corporation, Macco Organiques Inc., Foodchem International Corporation, Tengzhou Tenglong Chemical Co. Ltd., Dr. Paul Lohmann GmbH KG|
Key Segments of the Global Sodium Propionate Market
Type Overview (USD million)
- Food Grade
- Pharmaceutical Grade
Application Overview (USD million)
- Food Industry
- Pharmaceutical Industry
Regional Overview (USD million)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa