Sodium Propionate Market: Overview

Sodium propionate is an organic acid that either exist in the natural form or produced during the chemical degradation of sugar. It is the salt of propionic acid whose chemical formula is C3H5NaO2. Sodium propionate is hygroscopic in nature. It is a white or colorless salt in the form of granular crystalline powder or transparent crystals. Sodium propionate is soluble in water and alcohol. It is recognized as a food ingredient by FDA and primarily used for food preservation and flavoring. Sodium propionate is widely used in baked goods, processed meats, dairy products, soft drinks, and alcoholic drinks.

Sodium Propionate Market: Trends & Demands

Increase in demand for sodium propionate from food and pharmaceutical industries drives the global market. It is used as a food preservative in baked and processed food to curtail the growth of mold and other bacteria. Demand for sodium propionate from the food industry is anticipated to increase in the next few years, as it is employed in processed and baked foods to enhance flavor and shelf life of the product. It is used as a medical drug for treating fungi and bacteria, which causes common ocular infections, and prevents side effects such as allergies or sensitivities. Furthermore, advancements in sodium propionate-based medical practices to treat patients with lids, conjunctiva, and cornea infections is projected to create lucrative opportunities in the global sodium propionate market. Furthermore, increase in usage of sodium propionate in cosmetics & personal care and agrochemical industries is expected to drive the global sodium propionate market during the forecast period.

Sodium Propionate Market: Key Segments

Based on form, the global sodium propionate market can be segmented into granules and powders. The granules segment held a large share of the market in 2017. Demand for sodium propionate granules in the bakery & confectionary industry is expected to rise in the near future owing to its mold inhibiting properties.

In terms of end-use industry, the sodium propionate market can be classified into food, animal feed, pharmaceuticals, cosmetics & personal care, agrochemicals, and others. The food segment accounts for a significant share of the global sodium propionate market. Sodium propionate is primarily employed in creams, ointments, foams, lotions, and gels. It  is widely used as a food additive in bakery products, blue cheese, breads & buns, cakes & pies, cheese & cheese products, cured meat products, dried meat, firm & hard cheese, fresh processed meat products, meat & meat products, pastries & donuts, processed & American style cheese, raw (dry) fermented sausages, raw-cooked & pre-cooked products, soft & semi-soft cheese, and tortillas.

Sodium Propionate Market: Regional Outlook

Based on region, the global sodium propionate market can be divided into North America, Latin America, Asia Pacific, Europe, and Middle East & Africa. North America accounted for a major share of the global sodium propionate market in 2017 due to presence of a large number of processed food manufacturers in the region. The sodium propionate market in Europe is anticipated to expand at a rapid pace during the forecast period owing to rise in capital investments in the food industry across countries such as Italy, France, and the U.K. Production capacity expansions by manufacturers of food preservatives in China and India are likely to boost exports of sodium propionate to the countries in Europe in the next few years. Furthermore, Asia Pacific held a significant share of the global market in 2017 due to the increase in demand for sodium propionate in agriculture and pharmaceutical industries in this region.

Sodium Propionate Market: Key Players

Key players operating in the global sodium propionate market include Dow Chemicals Company, DR. Paul Lohmann GmbH KG, Fine organic industries, Ltd, Foodchem International, Jainex Specialty Chemicals, Krishna chemicals, Macco Organiques Inc., Niacet Corporation, Prathista Industries Ltd, Rishi chemical works Pvt. Ltd., Titan biotech Limited, and Toronto Research Chemicals Inc. These players focus on their core competencies of delivering their products through effective distribution channels.

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.