The global Sodium Propionate market had reached approximately 100 thousand tonnes in the year 2023 and is expected to grow at a CAGR of 4.1% during the forecast period until 2034.
Sodium Propionate, a natural organic acid, finds extensive usage in the food industry as a preservative, effectively inhibiting mold and bacterial growth on various food items like cheese, baked goods, and artificial food flavours. The continuous increase in demand for food products with prolonged shelf life, particularly due to limited production and availability worldwide, is driving the need for Sodium Propionate. Additionally, it is commonly incorporated into packaged goods such as sports drinks and baked items like bread to safeguard them against mold contamination. The compound is synthesized globally through the chemical neutralization of propionic acid with sodium hydroxide. Sodium Propionate is utilized across diverse end-user industries beyond food, including agrochemicals, pharmaceuticals, and animal feed.
One significant driver for the sodium propionate market within the food end-use industry is its role as a preservative. Sodium propionate is widely used to extend the shelf life of various food products by inhibiting the growth of molds and fungi. As consumers demand food products with longer shelf lives and manufacturers seek ways to reduce food waste, the demand for sodium propionate continues to grow. Additionally, the globalization of the food industry and the rising demand for convenience foods further fuel the growth of the sodium propionate market. As food supply chains become more complex and products are transported over longer distances, the need for effective preservatives to maintain product integrity throughout the distribution process becomes increasingly important. The increasing need for Sodium Propionate within the pharmaceutical sector, particularly in oral drug formulations, as an antimicrobial agent, including its use in ointments and eye drops, has been observed in recent times. This trend is expected to contribute to a higher demand for Sodium Propionate in the upcoming years. The global Sodium Propionate is anticipated to expand and reach approximately 150 thousand tonnes by 2034.
Based on region, North America ranks as the largest consumer of Sodium Propionate. The significant demand for baked goods in countries such as the USA is expected to be a driving force for the Sodium Propionate market in the upcoming years. This is closely followed by Europe, where an increase in demand from various sectors, particularly for food preservatives and feed additives, has been observed in countries like Germany, France and the United Kingdom. However, the highest growth rate, is anticipated in the Asia-Pacific region during the forecast period, driven by capacity expansions and the emergence of new industries.
Based on end-user industry, the global Sodium Propionate market is segregated into Food Industry, Pharmaceuticals, and Others. Although, the Food Industry is the dominating the global Sodium Propionate market. This industry held a market share of roughly 70%. It is anticipated to remain the most significant consumer in forecast period.
Major players in the production of Global Sodium Propionate are Niacet Corporation, Macco Organiques Inc., Fine organic industries, Ltd, Foodchem International, Prathista Industries Ltd., Tenglong Company, Sigma-Aldrich, Inc., Titan biotech Limited, Toronto Research Chemicals Inc., and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2034
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Objective of the Study:
• To assess the demand-supply scenario of Sodium Propionate which covers production, demand and supply of Sodium Propionate market in the globe.
• To analyse and forecast the market size of Sodium Propionate
• To classify and forecast Global Sodium Propionate market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Sodium Propionate market in the globe.
To extract data for Global Sodium Propionate market, primary research surveys were conducted with Sodium Propionate manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Sodium Propionate market over the coming years.
ChemAnalyst calculated Sodium Propionate demand across the globe by analyzing the volume of Sodium Propionate consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Sodium Propionate manufacturers and other stakeholders
• Organizations, forums and alliances related to Sodium Propionate distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Sodium Propionate s manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Sodium Propionate s market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
100 thousand tonnes
Market size Volume by 2034
150 thousand tonnes
Growth Rate
CAGR of 4.1% from 2024 to 2034
Base year
2023
Estimated year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2034
Quantitative units
Demand in thousand tonnes and CAGR from 2024 to 2034
Report coverage
Industry Market Size, Capacity By Company, Capacity by Location, Production by Company, Demand by End- Use, Demand by Type, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade, Manufacturing Process.
Segments covered
By End-Use: (Food Industry, Pharmaceuticals, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Sodium Propionate market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Sodium Propionate.
3. Capacity By Location
To better understand the regional supply of Sodium Propionate by analyzing its manufacturers' location-based capacity.
4. Production By Company [Quarterly Update]
Study the historical annual production of Sodium Propionate by the leading players and forecast how it will grow in the coming years.
5. Demand by Type
Learn about the various types of Sodium Propionate- Food Grade and Pharmaceutical Grade, and their demands. It will allow you to choose which type to concentrate on when designing your strategy.
6. Demand by End- Use [Quarterly Update]
Discover which end-user industry (Food Industry, Pharmaceuticals, and Others) are creating a market and the forecast for the growth of the Sodium Propionate market.
7. Demand by Region
Analyzing the change in demand of Sodium Propionate in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.
8. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Sodium Propionate. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
9. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Sodium Propionate.
10. Company Share
Figure out what proportion of the market share of Sodium Propionate is currently held by leading players across the globe.
11. Country-wise Export
Get details about quantity of Sodium Propionate exported by major countries.
12. Country-wise Import
Get details about quantity of Sodium Propionate imported by major countries.
13. Manufacturing Process
Discover insights into the intricate manufacturing process of Sodium Propionate.
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Which region is leading as a consumer of the global Sodium Propionate market?
Ans:
North America is the largest consumer of the global Sodium Propionate market.
Q2.
Which end-use industry is dominating the Global Sodium Propionate market?
Ans:
The Food & Beverages industry is dominating the Sodium Propionate market with a market share of about 70% in 2023.
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