The global demand for Sodium Propionate Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026. Whereas with regards to volume, the market was calculated XX Kilo Tons in 2019 and foreseen to touch XX Kilo Tons by 2026 with a CAGR of XX% during 2020-2026.
Sodium propionate is a white crystalline solid compound. It acts as an antifungal drug and a food preservativeprevent ropiness in bread and increase the shelf-life in other food products. It is synthesized by the reaction of propionic acid and sodium carbonate or sodium hydroxide. It is currently an authorized food additive in the European Union for use in several food categories such as bakery and cheese products.
Changing trends in the food industry are driving the growth of market. Increasing demand for easy-to-prepare, semi-prepared, and ready-cooked meals is projected to propel the demand for sodium propionate. There is a growing need to protect food products against physical, chemical, and microbial deterioration caused by the activity of microorganisms. This is accomplished by using sodium propionate as a preservative. Sodium Propionate added to prevent the growth of unwanted micro-organisms, food spoilers, and food pathogens. The salts of propionic acid help retain the same properties that were present when the foods were freshly made.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of sodium propionate.
The entire sodium propionate market has been sub-categorized into type and applications. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Food Grade
- Pharmaceutical Grade
- Food Industry
- Pharmaceutical Industry
This section covers regional segmentation which accentuates on current and future demand for sodium propionate market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Sodium Propionate Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the sodium propionate market include Dow Chemicals Company, DR. Paul Lohmann GmbH KG, Fine Organic Industries, Ltd., Foodchem International, Jainex Specialty Chemicals. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.