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The global sodium propionate market is mainly driven by factors such as adoption of animal
feed additives in factory farming in order to increase production of milk, meat, and eggs,
increased consumption of meat and meat products coupled with growing disposable income
and increased spending on food, among others. Furthermore, the growth of the retail and
foodservice sectors in emerging countries has given rise to the demand for ready to eat
meat products, which in turn has increased uptake of food preservatives. As a result,
adoption of sodium propionate as an antimicrobial agent along with propionic acid is
expected to surge globally over the next five to six years.
In terms of revenue share contribution, North America is expected to dominate the global
sodium propionate market during the forecast period. However, Asia-Pacific market is
expected to record highest CAGR during this period. The market in Asia Pacific accounted for
US$ 6.3 Mn in 2014, which is expected to increase to US$ 9.4 Mn by 2021.
Key players profiled in the global sodium propionate market report include Prathista
Industries Ltd., Fine Organic Industries Private Ltd., Niacet Corporation, Macco Organiques
Inc., Foodchem International Corporation, Tengzhou Tenglong Chemical Co. Ltd. and Dr. Paul
Lohmann GmbH KG.
By Application:
Food
Baked Products
Pharmaceuticals
Cosmetics
Others
By Region:
North America
South America
Europe
Asia Pacific
Market History:
Consumption of meat and meat products has increased substantially globally. The growth of
retail and foodservice sectors in emerging countries has resulted in the emergence of ready
to eat (RTE) meat products, which in turn has increased uptake of food preservatives. Also,
manufacturers have developed high-end technologies to produce sodium propionate in
forms that suit customer requirements. Intermediary manufacturers are experiencing
shrinking margins, which is resulting in increasing cost of end-use products.
The global sodium propionate market was valued at US$ 31.1 Mn in 2014, which is expected
to expand at a CAGR of 5.4% during the forecast period (20152021). The market is highly
volatile in nature, with the highest threat from substitutes due to supply-demand volatility.
Shortage of initial raw material ethylene due to rising petroleum prices has disrupted
market dynamics to a major extent. In terms of volume, the market accounted for 18,547
tonnes in 2014, which is projected to reach 22,447 tonnes by 2021, exhibiting a CAGR of
3.0% during the forecast period.
The global sodium propionate market is segmented on the basis of application into food,
pharmaceuticals, agriculture & animal feed, cosmetics and others.
On the basis of region, the market is segmented into North America, South America, Europe,
Asia-Pacific and the Middle East & Africa. The sodium propionate market in Asia Pacific was
valued at US$ 6.3 Mn in 2014, which is expected to increase to US$ 9.4 Mn by 2021. The
market in Asia Pacific has very few small capacity producers of sodium propionate and the
region majorly depends on imports to meet demand. China and India are emerging as
leading producers in the region and are targeting emerging markets of Southeast and South
Asia by providing cost-effective products.
Key players profiled in the global sodium propionate market report are Prathista Industries
Ltd., Fine Organic Industries Private Ltd., Niacet Corporation, Macco Organiques Inc.,
Foodchem International Corporation, Tengzhou Tenglong Chemical Co. Ltd., and Dr. Paul
Lohmann GmbH KG.
Table of Content
1 Executive Summary
2 Research Methodology
3 Assumptions & Acronyms
4 Market Overview
4.1 Market Taxonomy
4.2 Sodium Propionate Market Value & Volume Forecast
4.3 Drivers
4.4 Restraints
4.5 Global Trends
4.6 Value Chain Analysis
5 Sodium Propionate Market Size and Forecast by Application
5.1 Global Sodium Propionate Market Value & Y-o-Y Forecast By Food Segment
5.1.1 Global Sodium Propionate Market Size & Forecast By Food Sub-segments
5.1.1.1 Global Sodium Propionate Market Size & Forecast By Bakery Products
5.1.1.2 Global Sodium Propionate Market Size & Forecast By Meat & Poultry Subsegments
5.1.1.3.1Fresh processed meat products
5.1.1.4.2Cured meat products
5.1.1.5.3Raw-cooked and pre-cooked meat products
5.1.1.6.4Raw (dry) fermented sausages
5.1.1.7.5Dried meat
5.1.1.8 Global Sodium Propionate Market Size & Forecast By Cheese & Cheese
Products
5.2 Global Sodium Propionate Market Value & Y-o-Y Forecast By Pharmaceutical Segment
5.3 Global Sodium Propionate Market Value & Y-o-Y Forecast By Agriculture and Animal Feed
Segment
5.4 Global Sodium Propionate Market Value & Y-o-Y Forecast By Cosmetic Segment
5.5 Global Sodium Propionate Market Value & Y-o-Y Forecast By Others Segment
5.6 Sodium Propionate Market BPS and Market Attractiveness Analysis by Application
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