Sodium Propionate Market is Expected to Grow at a CAGR of 4.01% by 2030

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Sodium Propionate Market is Expected to Grow at a
CAGR of 4.01 by 2030
According to ChemAnalyst report, Sodium
Propionate Market Analysis Plant Capacity,
Production, Operating Efficiency, Demand
Supply, End Use, Distribution Channel, Regional
Demand, 2015-2030, Sodium Propionate market
grew at a considerable CAGR of 4.01 in the last
five years and is anticipated to achieve a
healthy CAGR during the forecast period
2020-2030. An exponential surge in the demand of
Sodium Propionate as food preservatives by the
food and beverage industry is likely to boost
the growth of global Sodium Propionate market in
upcoming years. The production of Sodium
Propionate is highly associated with the safety
standards on human health before it can be
introduced in the market which further enhances
the compliance standards. Read Full Report Here
https//www.chemanalyst.com/industry-report/sodium
- propionate-market-602 Sodium Propionate
(C3H5NaO) also known as Sodium propanoate is an
organic salt of propionic acid that comprises of
equal numbers of sodium and propionate ions. It
plays a huge role as an antifungal drug and a
food preservative. It basically inhibits the
growth of lactic acid bacteria thus preventing
the food from getting rotten. Sodium Propionate
is synthesized chemically by neutralizing
propionic acid with sodium hydroxide. Due to its
properties, it is extensively used
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in baked items, processed meats, dairy products,
soft drinks, alcoholic beverages, and others.
Surging demand for sodium propionate from food
and pharmaceutical industries is driving the
global market of Sodium Propionate across the
globe. According to the US Food and Drug
Administration (FDA), it is recognized as a safe
food ingredient by FDA. The demand for Sodium
Propionate from the food industry is expected to
rise in upcoming years, due to ever-changing
consumer preference and taste for enhanced
flavors and shelf life of baked and frozen foods.
In the medical and healthcare sector, rising
demand of Sodium Propionate for the production of
medical drugs to treat fungal and bacterial
infections is likely to augment the growth of
Sodium Propionate market over the next few years.
Furthermore, increased use of Sodium Propionate
in cosmetics, personal care, agrochemical and
other industries is expected to boost the global
sodium propionate market until 2030. Request
Sample https//www.chemanalyst.com/ChemAnalyst/Re
questForm Global Sodium Propionate Market is
segmented based on form, application,
distribution channel and region. Based on
different forms, the Global Sodium Propionate
market is segmented into granules and Powders.
Among which, the granules segment is holding a
larger share in the global market. On the basis
of application, the market is segregated into
Cosmetics and Personal Care, Agrochemicals, Food
and Beverage, Animal Feed, Pharmaceuticals, and
Others. The Food and beverage segment dominates
the global Sodium Propionate market as it is
widely used as a food additive and preservative
in bakery products like blue cheese, breads,
buns, cakes et., cured meat products, dried meat
and other processed foods. In the first half of
2020, several industries witnessed an
unprecedented fall due to the lockdowns and
restrictions by the government in order to stop
the coronavirus from spreading. However, there
was a boost in the demand for packaged and baked
goods pulled by sudden outbreak of COVID-19
across the globe is expected to have
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a positive impact on the demand of Sodium
Propionate as it is utilized in numerous
products. Also, pharmaceutical and food
industries fuelled the demand of Sodium
Propionate during the covid times. Region wise,
North America Region dominated the global Sodium
Propionate market in 2020, due to the presence
of various leading producers in the region as
well as exponential demand for baked products in
countries like US that would further drive the
Sodium Propionate market during coming years.
Followed by Europe, where the demand of Sodium
Propionate from food preservatives and food
additives sector was observed in countries
include France, United Kingdom and others.
Furthermore, Asia Pacific region is expected to
dominate the global Sodium Propionate market in
the next ten years due to the expansion of
industries and capacities. According to
ChemAnalyst report, Sodium Propionate Market
Analysis Plant Capacity, Production, Operating
Efficiency, Demand Supply, End Use,
Distribution Channel, Regional Demand,
2015-2030, some of the major players operating
in Sodium Propionate market include Dr. Paul
Lohmann GmbH Co. KGaA, Niacet Corporation,
Macco Organiques Inc., Fine organic industries,
Ltd, Prathista Industries Ltd., DR. Paul Lohmann
GmbH KG, Sigma-Aldrich, Inc., Toronto Research
Chemicals Inc., Rishi chemical works Pvt. Ltd.,
Titan biotech Limited, , Foodchem International,
Toronto Research Chemicals Inc., Krishna
chemicals, and Others. Rising demand of Sodium
Propionate by the food and beverage industry in
order to provide protection, flavor and shelf
life to frozen, baked and processed food is
anticipated to dominate the Sodium Propionate
market across the globe over the next ten years.
Bakery and confectionary industry are dominating
the Sodium Propionate market and is expected to
maintain its dominance in the future as well.
Increasing demand of Sodium Propionate by the
pharmaceutical industry for the treatments of
various infections is also likely to provide
opportunities for the growth of the market.
said Mr. Karan Chechi, Research Director with
TechSci
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