Sodium Acetate Market: Outlook
Food additives are chemicals prepared with some natural or synthetic ingredients and are used to enhance taste and other qualities of a particular food item. Sodium Acetate is one such versatile, FDA-approved food additive that is used to enhance the mix ability and taste of processed foods. Sodium acetate is a type of salt, which has many widespread uses.
Sodium acetate, also known as sodium ethanoate, is a sodium salt of acetic acid. It is a hygroscopic white crystalline powder with a vinegar odor, which is soluble in water. It occurs naturally in plants and animals tissues and can be synthesized through a simple reaction by the neutralization of acetic acid. The synthesis uses sodium carbonate, or sodium hydroxide or vinegar. Sodium acetate is an FDA-approved food additive used to enhance the taste of treated foods. It is also extensively used in the food industry as a food additive for flavoring. Sodium acetate also works as an acidity regulator and in animal feeds and various drugs. Other than the food industry, sodium acetate is also used in the textile industry, water treatment, buffer solution and concrete sealant. Sodium acetate is considered to be environment-friendly and cheaper than other commonly used alternatives.
Sodium Acetate Market Trends in the Food & Beverage Sector
The primary factor contributing to the growth of sodium acetate is its significant use in processed foods. At present, majority of people commute long distances for work purposes. With less time available to prepare food, people are switching to processed foods, which is aiding the growth of the sodium acetate market. The increased awareness and demand for healthy food have resulted in an increase in the demand for sodium acetate as it can be added to food as an acidity regulator, seasoning, emulsifier, and preservative. Also, the sodium acetate market is a growing market as the introduction to more and more retail stores is boosting the consumption of processed foods, which is positively impacting the sodium acetate market. Sodium acetate is recognized as safe for use in foods by the U.S Department of Agriculture. It is used mainly as an emulsifier and preservative in processed cheeses and dairy. It is also used in fruits and vegetables, meats and fish and the preparation of egg-based desserts.
Sodium acetate boasts of excellent food preservation qualities, on the grounds of which the sodium acetate market has found a major foothold in food processing. Predominantly used as a preservative and emulsifier in dairy products, sodium acetate is also widely used in cheese preparations such as ripened cheese, imitation cheese, processed cheese and cheese analogues. Other dairy products that utilize sodium acetate are buttermilk, sour cream, condensed milk, whey-based drinks and yogurt. The addition of sodium acetate during the process of canning and drying not only adds bacterial deterrent but also elongates the shelf life of the product, thus validating the extensive growth of the sodium acetate market from the processed food domain.
The sodium acetate industry also finds a commendable growth avenue in the processed food sector on account of its increasing popularity subject to hectic lifestyles and a paradigm shift in consumer meal consumption habits. Sodium acetate is used as an acid regulator to prevent the growth of harmful bacteria in canned fruit, vegetable and meat. It is also added in preserved legumes such as beans and lentils and nut spreads such as peanut butter. The addition of sodium acetate during the process of canning and drying not only adds bacterial deterrents, but also elongates the shelf life of the product, thus validating the extensive growth of the sodium acetate market from the processed food domain. Attributing to its chemical properties, sodium acetate partially ionizes when dissolved in water. Sodium is a sodium salt of acetic acid, which can be utilized in a wide variety of differing industries such as the textile industry, in rubber production and in the process of cotton, for instance.
Global Sodium Acetate Market: Segmentation
By application, the sodium acetate market has been segmented into:
- Food & Beverage
Global Sodium Acetate Market: Market Participants
The key market participants identified in the global sodium acetate market include N. B. Enterprise, Palsgaard, Foodchem International Corporation, Estelle Chemicals Pvt. Ltd., Parchem Fine & Specialty Chemicals, Changshu Nanhu Chemical, Lonza, Zhongwang Additives, Cayman Chemical, Karn Chem Corporation, American Elements, Spectrum Chemical Manufacturing Corporation and Sisco Research Laboratories.
Opportunities for Sodium Acetate Market Participants
The global sodium acetate market is estimated to grow at a significant CAGR in the coming years. The potential for the growth of the global sodium acetate market is fairly high, due to the various applications of sodium acetate. The global sodium acetate market has been divided into seven important regions – North America, Latin America, Europe, CIS & Russia, APEJ, MEA and Japan. Among all regions, APEJ is expected to dominate the sodium acetate market in the coming years. Countries such as India, South Korea and China are pegged to be the principal contributors to the growth of the sodium acetate market. Attributing to the presence of an enormous population in these regions, there's a huge demand for sodium acetate.
Brief Approach to Research:
A modeling-based approach and triangulation methodology will be followed to estimate data covered in this report. A detailed market understanding and assessment of the applications, types, forms, and end uses of the product segments included in the study is followed by carrying out a demand-side approach to estimate the sales of target product segments, which is then cross-referenced with a supply-side assessment of value generated over a pre-defined period. The statistics and data are collected at a regional level, consolidated and synthesized at a global scale to estimate the overall market sizes.
Key Data Points Covered in the Report
- An overview of the global sodium acetate market including background and advancement
- Macroeconomic factors affecting the sodium acetate market and its potential
- Market dynamics, such as drivers, challenges, and trends
- Detailed value chain analysis of the sodium acetate market
- The cost structure of the sodium acetate and segments covered in the study
- In-depth pricing analysis by segments, regions and by major market participants
- Analysis of supply and demand, such as top producing and consuming geographies, imports/exports, and overall trade scenario
- Analysis of the market structure, including a tier-wise categorization of key market participants
- Competitive landscape of the market, including detailed profiles of the top players in this market
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.