Global Sodium Propionate Market Report and Forecast 2024-2032

Global Sodium Propionate Market Outlook

The global sodium propionate market is expected to grow at a CAGR of 3.5% in the forecast period of 2024-2032.

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North America and Europe Leading the Global Market for Sodium Propionate

North America and Europe together account for a significant proportion of the global market share. North America is one of the leading regions for the sodium propionate industry. This growth in the region is being triggered by the presence of numerous key players. The market development in Europe is primarily being driven by the increasing capital investments, especially in the food industry across countries like Italy, France, and the United Kingdom.

The rising demand from the application sectors, such as feed additives, food preservatives, as well as the pharmaceutical sector, is boosting the demand for the product globally. The market in the countries within the Asia Pacific region is, especially developing at a rapid rate. The rising capacity expansions by the manufacturers of the product, particularly in India and China, is leading to the growth of the industry.

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Sodium Propionate: Market Segmentation

Sodium propionate is a natural organic acid formed during the chemical cycle of sugar degradation. It is the sodium salt of propionic acid, which is naturally hygroscopic. The salt in the form of granular, crystal-clear, or translucent crystals is white or colourless. It is a food ingredient that has been recognised by the FDA and is primarily used to preserve and flavour foods. Sodium propionate is widely found in baked goods, foods, milk, soft drink, and alcoholic drinks.

Based on form, the industry can be divided into the following:

• Granules
• Powders

On the basis of application, the market can be divided as follows:

• Agrochemicals
• Cosmetics and Personal Care
• Food and Beverage
• Animal Feed
• Pharmaceuticals
• Others

The regional markets for sodium propionate can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Rising Demand from the Food and Pharmaceuticals Industries Bolstering the Market Growth

The global market is driven by the rising demand for sodium propionate in the food and pharmaceutical sectors. The product is used in these sectors to avoid the development of mould and other bacteria, especially in baked and processed foods. In the coming years, the demand for sodium propionate from the food sector is expected to grow, as it is utilised in processed and cooked foods to enhance the product's flavour and shelf-life. The product is used for the treatment of fungi and bacteria, which cause eye infections, and helps avoid adverse effects, such as allergies or sensitivities. In addition, advancements in sodium propionate in the medical practice are expected to aid patients with lids, conjunctiva, and corneal infection, thus, propelling the growth of the global sodium propionate industry. Moreover, the rise in the use of sodium propionate in cosmetic, personal care, and agrochemical industries is anticipated to drive the global sodium propionate industry during the forecast period.

Key Industry Players in the Global Sodium Propionate Market

The report gives a detailed analysis of the following key players in the global sodium propionate market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Fine Organics Industries Pvt. Ltd.
• Dr. Paul Lohmann GmbH & Co. KGaA
• Jainex Specialty Chemicals
• Titan Biotech Ltd
• Qingdao Jiutai Biotechnology Co.,Ltd.
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report