Sodium Propionate Market Top Companies Details Fore Future Industry Growth, Forecast 2025

According to a new market report published by Credence Research Inc., “Sodium Propionate Market (By Application (Food, Pharmaceutical, Cosmetics, Agriculture, Animal Feed and Others)), Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023”, the worldwide sodium propionate market was valued at US$ 117.44 Mn in 2015. It is projected to grow at a CAGR of 4.4% from 2016 to 2023. In terms of volume, the global market stood at 38.92-kilo tons in 2015.

Browse the full report at http://www.credenceresearch.com/report/sodium-propionate-market

Market Insights:

Sodium propionate due to its antimicrobial properties to extend the shelf life of food products along with its GRAS (generally recognized as safe) status by the U.S. FDA widely uses as a food additive. Rising packaged food consumption owing to changing and busy lifestyle is driving sodium propionate demand in food preservatives.  Moreover, sodium propionate is considered as one of the best and safest bacteria and mold inhibitor in the animal feed and grain preservative segment. Increasing demand for animal feed and grain preservatives is fueling the market growth. Environmental concern is the major factor hampering the market growth.

For further growth emerging and untapped markets provide huge scope. Over the coming few years, demand from the emerging economies is projected to augment due to raising awareness about the benefits of sodium propionate for feed and food preservatives. Research and development initiative to produce innovative products using sodium propionate will not only provide new opportunities but also bring in rich gains.

Competitive Insights:

Sodium propionate market comprises of various multinationals and regional players. The market players are investing in different strategies to increase their market presence such as application development and capacity expansion.  Foodchem International Corporation, Fine Organic Industries Private Ltd, Niacet Corporation and Macco Organiques Inc are some of the players present in this market.

Key Trends:

  • Emerging and untapped markets provide huge scope
  • Animal feed and grain preservatives are fueling the market growth
  • Focus on research and development initiative to produce innovative products using sodium propionate

Sample request: https://www.credenceresearch.com/sample-request/58108

About Us:

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Media Contact

Name: Chris Smith

Designation: Global Sales Manager

Ph: 1-800-361-8290

Email: sales@credenceresearch.com

Web: http://www.credenceresearch.com/

 

 

News Reporter

Leave a Reply

Your email address will not be published. Required fields are marked *