The global sodium acetate market was valued at US$ 103.54 million in 2019, according to Sodium Acetate Market Report, by Product (Sodium Acetate Trihydrate, and Sodium Acetate Anhydrous), by End-Use (Leather & textile, Food, Medical & Pharmaceuticals, and Others), and by Region (North America, Europe, Asia Pacific, and RoW), published by Coherent Market Insights.
The global Sodium Acetate market accounted for US$ 103.54 Mn in terms of value and 350.43 Thousand Tons in terms of volume at the end of 2019. Growing demand for the product from food &beverage industry is expected to foster the market growth of sodium acetate trihydrate & sodium acetate anhydrous. Sodium acetate trihydrate is used as preservatives and flavoring ingredients in the food products. Therefore, growing demand for ready-to-eat food the industry is driving demand for preservatives. The busy lifestyle of the consumers is fueling demand for ready-to-eat food products which in turn augmenting the market growth of the sodium acetate trihydrate & sodium acetate anhydrous.
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Browse 50 market data tables* and 45 figures* on "Sodium Acetate Market” - Global Forecast to 2027.
Key Trends and Analysis of Sodium Acetate Market:
Global Sodium Acetate Market - Impact of Coronavirus (Covid-19) Pandemic
The novel Coronavirus (COVID-19) has impacted almost all the chemical industries across the globe market. The increasing spread of Covid-19 has forced the manufacturers to deploy precautionary measures in their facilities including labors and plant controllers screening and monitoring, and sanitizing the facilities. However, surging demand across medical and pharmaceutical industries for the preparation of medicines is anticipated to augment the market growth for sodium acetate over the pandemic period.
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