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
This report will be delivered on an online digital platform with one-year subscription and quarterly update.
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.
I am satisfied with overall performance of ChemAnalyst. Weekly updates before the final report were especially helpful and reassuring. Additional requests on the interim and/or final reports were handled in a swift and professional manner
Mr.Shin Dosho
Member - Board of Directors
Osaka Gas Co. Ltd
Disruption Tracker
Disruption Tracker reflect the major shutdown on monthly basis which will help you in
tracking the inventory management and smooth functioning of business. Unforeseen shutdowns and disruptions
resulting in a loss of production capacity to impact the bottom line. The capacity tracker provides industries
with a global view of production and consumption capacity loss that reflects the corresponding conversion factors.
It also highlights the immediate impact on supply due to planned and unplanned outages as well as upcoming start-up
of new capacities. Additionally, it emphasizes how each shutdown—whether due to a maintenance turnaround or a case
of force majeure, affects the plant's operating rate for the given duration. Disruption tracker gives a clear insight
into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on
supply of the product in the market at a Global level.
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.
Q3.
Do you offer single or multiuser license?
Ans:
Online Access 12 Months – Single User License (Up to 3 users can access the database) Online Access 12 Months – Enterprise License (Up to 10 Users can access the database)
Q4.
Will I get access to the analyst who authored this report?
Ans:
You will have 24/7 access to the analyst during the subscription period.
Our Solutions
Custom Research
We at ChemAnalyst provide tailor-made solutions to our clients based on their requirements which help them in building and expanding their business by developing customized strategy such as sales strategy, GTM Strategy, product portfolio and new product development. Our dedicated team helps clients in getting the best solution for their requirements. We at ChemAnalyst look forward to serving our clients for long term association.
Techno Economic Feasibility Report (TEFR)
ChemAnalyst provide TEFR reports which include market sizing, plant cost (ISBL and OSBL units), financial modelling, covering all the major financial calculations and ratios including production cost, IRR, major technology, licensing fee (if required), and others fixed and variable costs. TEFR reports will help the client to build greenfield project as well as brownfield expansion for a specific geography. Our Team of experts have delivered multiple TEFR reports which help clients in moving ahead of their business competition by grabbing the opportunity and expanding their business portfolio.
Price Benchmarking
Pricing benchmark report provides real-time data perpetuating current market scenarios, in a world that is changing at a rapid pace, having real-time prices is an imperative to make impactful insights and thereby informed decisions. The Price Benchmarking report provides pricing data for an individual market, or group of markets, which can be converted into localized insights and comparable listings. Benchmarking Reports help clients to make informed decisions by construing the data on several filters: region, country, category, grade and subsequently increasing their brand presence. Clients majorly require pricing benchmarks when they opt for a competitive pricing strategy.