Sodium Propionate Market

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SODIUM PROPIONATE MARKET ANALYSIS

• Sodium Propionate Market, 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) - Size, Share, Outlook, and
  Opportunity Analysis, 2020 - 2027

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• Market Overview
• The global sodium propionate market is
  projected to reach around US 61,268.1
  thousand by the end of 2027, in terms of revenue,
  growing at CAGR of 5.4 during the forecast
  period (2020-2027).
• Market Dynamics Drivers
• Growing demand for animal feed where sodium
  propionate is used as an additive is expected to
  accelerate the market growth of sodium propionate
  over the forecast period. Sodium propionate is
  used as an antimicrobial agent in the animal
  farming industry. Increased in the production of
  meat, milk, and eggs are further expected to
  accelerate the market growth of the sodium
  propionate.  Thus, growth in animal feed industry
  is expected to drive the market growth of over
  the forecast period of sodium propionate.

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Figure 1. Global Sodium Propionate Market Share
() in terms of Value, By Region, in 2019
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• Market Dynamics Restraints
• The decline in usage of sodium propionate in the
  processed food due to advised daily intake by
  USDAs Dietary Guidelines for Americans is
  projected to hamper the market growth of sodium
  propionate over the forecast period.

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• Market Opportunities
• Rising demand for antimicrobial in convenience
  food such as pasta, ready-to-eat meat, and
  noodles is expected to accelerate the market
  growth of sodium propionate. Moreover, the
  growing demand for propionates as an
  antimicrobial in the grains is further expected
  to accelerate the market growth of sodium
  propionate over the forecast period.

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Figure 2. Global Sodium Propionate Market
Opportunity Analysis
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• Market Trends
• The growing use of sodium propionate from the
  cosmetic industry where sodium propionate is
  widely used in the manufacturing of cosmetic
  products such as lotions, creams, foams,
  ointments, and gels. The growth of the sodium
  propionate market is also attributed to growth in
  the cosmetic industry around the globe.

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Figure 3. Global Sodium Propionate Market Share
() in terms of Value, By Product Type, in 2019
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• Competitive Section
• Company Names 
• 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
• .

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