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Sodium Propionate Market Report and Forecast 2024-2032

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    Report

  • 229 Pages
  • December 2023
  • Region: Global
  • Expert Market Research
  • ID: 5921423
According to the report, the global sodium propionate market is projected to grow at a CAGR of 3.5% between 2024 and 2032. Aided by the multifaceted applications, particularly in the food industry as a preservative, the market is expected to grow significantly by 2032.

Sodium propionate is a sodium salt of propionic acid and is prominently recognised for its anti-mould and anti-microbial properties. Primarily utilised as a food additive, sodium propionate is added to baked goods, processed meats, and other products to inhibit the growth of bacteria, moulds, and other microorganisms, thus extending shelf life. Given its pivotal role in safeguarding food quality and enhancing storage longevity, sodium propionate has become an essential component in food processing.

The rising global demand for processed foods has been central to the growth trajectory of the sodium propionate market growth. As urban populations burgeon and modern lifestyles gravitate towards convenience foods, the emphasis on food safety and longevity has intensified. Sodium propionate, in this context, serves as an indispensable tool to prevent food spoilage and wastage.

Moreover, as health-conscious consumers seek products with extended shelf lives but without synthetic preservatives, sodium propionate, with its organic origins, has gained significant traction. The compound's effectiveness in curbing bacterial growth without compromising the taste or texture of the product makes it particularly appealing to both manufacturers and consumers.

As per the sodium propionate market analysis, diversification of its applications further bolsters the sodium propionate market's robustness. Beyond the food industry, sodium propionate finds usage in the pharmaceutical realm. Recognised for its anti-fungal properties, it's integrated into ointments and topical preparations to prevent mould growth.

Furthermore, the global sodium propionate market outlook, influenced by the vast processed food sector and its branching applications in pharmaceuticals, is poised for sustained growth. While regulatory and consumer-driven challenges loom, the market's fundamental strengths – underscored by the universal need for food preservation – provide a robust foundation for future expansion. In geographical terms, North America holds a significant portion of the sodium propionate market share.

Market Segmentation

The market can be divided based on form, application, and region.

Market Breakup by Form

  • Granules
  • Powders

Market Breakup by Application

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

Market Breakup by Region

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

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global sodium propionate market. Some of the major players explored in the report are as follows:
  • Fine Organics Industries Pvt. Ltd.
  • Dr. Paul Lohmann GmbH & Co. KGaA
  • Jainex Specialty Chemicals
  • Titan Biotech Ltd
  • Qingdao Jiutai Biotechnology Co.,Ltd.
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Sodium Propionate Market Analysis
8.1 Key Industry Highlights
8.2 Global Sodium Propionate Historical Market (2018-2023)
8.3 Global Sodium Propionate Market Forecast (2024-2032)
8.4 Global Sodium Propionate Market by Form
8.4.1 Granules
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Powders
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Sodium Propionate Market by Application
8.5.1 Agrochemicals
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Cosmetics and Personal Care
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Food and Beverage
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Animal Feed
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Pharmaceuticals
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Sodium Propionate Market by Region
8.6.1 North America
8.6.2 Europe
8.6.3 Asia Pacific
8.6.4 Latin America
8.6.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter's Five Forces Analysis
10.2.1 Supplier's Power
10.2.2 Buyer's Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2018-2023) & Forecast (2024-2032)
12.2 Europe Historical Price Trends (2018-2023) & Forecast (2024-2032)
12.3 Asia Pacific Historical Price Trends (2018-2023) & Forecast (2024-2032)
12.4 Latin America Historical Price Trends (2018-2023) & Forecast (2024-2032)
12.5 Middle East & Africa Historical Price Trends (2018-2023) & Forecast (2024-2032)
13 Manufacturing Process
13.1 Overview
13.2 Detailed Process Flow
13.3 Operation Involved
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Fine Organics Industries Pvt. Ltd.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Dr. Paul Lohmann GmbH & Co. KGaA
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Jainex Specialty Chemicals
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Titan Biotech Ltd
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Qingdao Jiutai Biotechnology Co.,Ltd.
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Others
15 Key Trends and Developments in the Market
Additional Customisations Available
1 Project Requirements and Cost Analysis
1.1 Land, Location, and Site Development
1.2 Construction
1.3 Plant Machinery
1.4 Raw Material
1.5 Packaging
1.6 Transportation
1.7 Utilities
1.8 Manpower
1.9 Other Capital Investments

Companies Mentioned

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

Methodology

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