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Sodium Propionate Market to Hit US$ 247.1 Million by 2034 with a 3.9% Annual Growth Rate | Fact.MR
Sodium propionate is used significantly as unsaturated fat in pharmaceutical and preservative industries. High solvency and microbial movement make it ideal for use as a food additive. Increasing demand for processed food products is pushing the use of sodium propionate in packaged and processed meals, which are exhibiting high demand due to the busy lifestyle of more people in today's world. The flourishing processed food sector, including dairy products, poultry, pork, and baked goods, accounts for the high demand for sodium propionate as a popular preservative and for extending product shelf life.
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says a Fact.MR analyst.
Key players in the sodium propionate industry are Prathista Industries Ltd.; Jainex Specialty Chemicals; Fine Organic Industries Private Limited; Dr. Paul Lohmann GmbH KG; Krishna Chemicals; Macco Organiques Inc.; Titan Biotech Ltd.; Foodchem International Corporation; Sigma-Aldrich, Inc.; Tengzhou Tenglong Chemical Co. Ltd.; Paul Lohmann GmbH KG; Rishi Chemicals Work Pvt. Ltd.; Toronto Research Chemicals Inc.; Niacet Corporation; Titan Biotech Limited.
Demand for sodium propionate in the United States is projected to increase at a CAGR of 4.3% and reach a value of US$ 27.4 million by the end of 2034. More consumers in the country are opting for convenience and packaged food products due to their hectic lifestyles. Therefore, with growing demand for convenience food products, a positive impact on the sales of sodium propionate is also witnessed for their features of preserving food products without any compromise with the texture or taste.
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Macco Organiques is one of the leading producers of sodium propionate in Canada . In February 2022 , the company signed an agreement with Kraft Heinz, a prominent food manufacturer in the United States , to expand its footprint in the country.
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Fact.MR, in its new offering, presents an unbiased analysis of the sodium propionate market, presenting historical demand data (2019 to 2023) and forecast statistics for the period (2024 to 2034).
The study divulges essential insights into the market based on grade (food-grade, pharmaceutical-grade), form (powder, liquid, granules), end-use industry (pharmaceuticals, food & beverages, agriculture, cosmetics & personal care), function (preservatives, pH regulators, flavor enhancers, mold inhibitors, antimicrobial agents), and distribution channel (B2B channels, B2C channels), across seven major regions of the world ( North America , Latin America , Western Europe , Eastern Europe , East Asia , South Asia & Pacific, and MEA).
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