Sodium Propionate Market

Sodium propionate is a chemical compound that is hygroscopic in nature appears in a white or crystalline powder. It is widely used as preservative across the food industry for various baked food products. It is also produced in the body during the breakdown of certain fatty acids. Sodium propionate prevents the growth of the bacteria and molds on the baked food products, cheese products, and processed food products. Moreover, it is also used as a flavoring agent in food products such as soft drinks, meats, dairy products, and alcoholic drinks. Agriculture, meat, cosmetic, pharmaceuticals, and bakery are some of the major end users of sodium propionate.

Market Dynamics

Increasing investment by major players in order to increase the production capacity of sodium propionate and to meet the rising demand is expected to accelerate market growth. For instance, in November 2020, Symrise opened a site for high-quality natural food ingredients in the US state of Georgia. The group invested 53.44 USD million in the facility, which follows high technological and sustainable standards. The plant will manufacture products for the business units Food Ingredients, Symrise Flavor, and Pet Food.

Increasing adoption of high-end technologies among manufacturers to produce sodium propionate as per the requirement of customers in a different form is expected to accelerate market growth of sodium propionate. This allows importers and distributors to reduce the cost of the supply chain. Thus, the adoption of high-end technologies is expected to augment the market growth of sodium propionate.

Rising awareness regarding the various side effects associated with artificial additives is expected to restrict the use of sodium propionate. The consumer is becoming more informed regarding food labels and ingredients. Thus, this is expected to limit the use of sodium propionate thus hindering the market growth over the forecast period.

Key features of the study:

• This report provides in-depth analysis of the global sodium propionate market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global sodium propionate market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study include Prathista Industries Ltd, Fine Organic Industries Private Limited, Niacet Corporation, Macco Organiques Inc., Foodchem International Corporation, Tengzhou Tenglong Chemical Co. Ltd., and Dr. Paul Lohmann GmbH KG
• Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, technology up gradation, market expansion, and marketing tactics
• The global sodium propionate market report caters to various stakeholders in this industry including investors, suppliers, sodium propionate manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the sodium propionate market

Detailed Segmentation:

• Global Sodium Propionate Market, By Application:
  • Baked Products
    • Tortillas
    • Bread & Buns
    • Cakes & Pies
    • Pastries & Donuts
    • Others
  • Meat & Poultry
    • Freshly processed meat products
    • Cured meat products
    • Raw and pre-cooked cooked products,
    • Raw (dry) fermented sausages
    • Dried meat
  • Cheese & Cheese Products
    • Processed & American style cheese
    • Soft and semi-soft cheese
    • Firm and hard cheese
    • Blue cheese
    • Others
  • Food
  • Pharmaceuticals
  • Agriculture & Animal Feed
  • Cosmetics
  • Others
• Global Sodium Propionate Market, By Region:
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles
  • Prathista Industries Ltd.
  • Fine Organic Industries Private Limited
  • Niacet Corporation
  • Macco Organiques Inc.
  • Foodchem International Corporation
  • Tengzhou Tenglong Chemical Co. Ltd.
  • Paul Lohmann GmbH KG