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  • Published On : Jun 2023
  • Code : CMI3801
  • Pages :120
  • Formats :
      Excel and PDF
  • Industry : Food Ingredients

The global Global Sodium Propionate Market is projected to reach around US$ 83.09 Millions by the end of 2030, in terms of revenue, growing at CAGR of 7.1% during the forecast period (2023-2030).

Global Sodium Propionate Market: Growth Drivers

Rising demand for quality meat products, and stricter food safety legislation

Listeria monocytogenes is a food-borne pathogen, notorious for its tendency to contaminate meat and meat products. To ward off the pathogen and produce a safe product, manufacturers have been using sodium propionate as an artificial preservative.

The economic feasibility and efficacy of sodium propionate as a mould inhibitor as well as a bactericidal agent makes it the perfect contender for an integral food preservative in the meat industry. With the rising demand for quality meat products and stricter food safety legislation in multiple regions, the demand for sodium propionate in the market is growing. For instance, in 2022, According to Food Standards Australia New Zealand act food recall, microbial contamination is the principal cause for product recall, occurring most frequently in meat products, with contamination by Listeria monocytogenes reported as the most common causal organism. Whilst there are currently a range of preservatives approved for use in processed meat products.

Figure 1. Global Sodium Propionate Market Share (%) in terms of Value, By Region, in 2022

SODIUM PROPIONATE MARKET

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Its microbiological resistance and excellent solubility make it perfect for food additives.

Sodium Propionate is a significant salt of unsaturated fat utilized as food preservative and pharmaceutical industries. Its properties for example hostile to microbial movement and high solvency made it ideal for food additives. The rising utilization of sodium propionate in the drugs business is supposed to drive market development over the gauze period.

Global Sodium Propionate Market: Restraints

Increase in Demand of clean label products

A rise in the demand for clean label products has been proving to be a hurdle for the global Global Sodium Propionate Market. Sodium propionate, being an artificial preservative, cannot be used in clean label products. With more manufacturers opting for producing clean label products, due to rising consumer demand, the demand for sodium propionate is declining. For instance, in March 2020, IngredientsInc. introduced its first clean-label emulsifier, EvanesseCB6194, to the U.S. and Canada markets. This emulsifier range caters to the rising demand for clean labels and acts as an apt solution for vegan products, as it is a vegan chickpea broth. 

Sodium Propionate Market Report Coverage

Report Coverage Details
Base Year: 2022 Market Size in 2022: US$ 48.02 Mn
Historical Data for: 2018 to 2021 Forecast Period: 2023 to 2030
Forecast Period 2023 to 2030 CAGR: 7.1% 2030 Value Projection: US$ 83.09 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
  • Middle East: GCC and Rest of Middle East
  • Africa: North Africa, Central Africa, South Africa, and Rest of Africa
Segments covered:
  • By Application: Food (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) Pharmaceuticals, Agriculture & Animal Feed, Cosmetics, Others
Companies covered:

Prathista Industries Ltd, Fine Organic Industries Private Limited, Niacet Corporation, Macco Organiques Inc., Foodchem International Corporation, Tengzhou Tenglong Chemical Co. Ltd., Dr. Paul Lohmann GmbH KG

Growth Drivers:
  • Rising demand for quality meat products, and stricter food safety legislation
  • Microbiological resistance and excellent solubility make it perfect for food additives.
Restraints & Challenges:
  • Increase in Demand for Clean Label Products

Global Sodium Propionate Market: Recent Developments

In February 2022, Macco Organiques, a leading supplier of sodium Propionate announced that it has signed a new distribution agreement with a leading food manufacturer Kraft Heinz in the U.S. This agreement is expected to help Macco Organique expand its market share in U.S.

In March 2022, Prathista Industries a leading manufacturer of sodium propionate announced that it had received a new order from a leading pharmaceutical industry in India.

In January 2022, Niacet corporation, leading manufacturer of sodium propionate announced that it expand 25% production capacity this expansion is meet the growing demand from sodium propionate for the food and pharmaceutical industries.

In May 2023, The European Food Safety Authority approved the use of sodium propionate as a preservative in a wider range of food product. This include bread, cakes, pastries and other baked goods.

Figure 2. Global Sodium Propionate Market Share (%) in terms of Value, By Product Type, in 2022

SODIUM PROPIONATE MARKET

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Global Sodium Propionate Market: Market Segmentation

North America region dominated the global Global Sodium Propionate Market in 2022, accounting for a 44.6% share in terms of value, followed by Europe and Asia Pacific, respectively.

Global Sodium Propionate Market: By Application

On the basis of application in 2022, the food segment has accounted for the largest market share of 83.7% in terms of value

Global Sodium Propionate Market: Key Companies

Key Companies are 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

*Definition: Sodium Propionate is the sodium salt form of propionic acid, a short chain fatty acid (SCFA) and food additive, with potential gastrointestinal (GI) protective activity. Upon oral administration of sodium propionate, it converts to propionic acid which may protect the GI tract and reduce incidence and severity of GI toxicity from radiation therapy.

Frequently Asked Questions

The market for sodium propionate is estimated to surpass US$ 83.09 Millions by 2030, exhibiting a CAGR of 7.1% between 2023 and 2030.

Rising demand for quality meat products, and stricter food safety legislations and its microbiological resistance and excellent solubility make it perfect for food additives this is the main factors to driven the growth in market

The Market is expected to exhibit a CAGR of 7.1% during the forecast period (2023-2030).

Key Companies are Prathista Industries Ltd, Fine Organic Industries Private Limited, Niacet Corporation, Macco Organiques Inc., Foodchem International Corporation, Tengzhou Tenglong Chemical Co. Ltd., Dr. Paul Lohmann GmbH KG

Increase in Demand of Clean Label Products this is important factor to hampered the growth of market

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