Global Sodium Propionate Market Growth 2023-2029

Global Sodium Propionate Market Growth 2023-2029

Sodium Propionate is the sodium salt of propionic acid which has the chemical formula Na(C2H5COO). This white crystalline solid is deliquescent in moist air. Sodium propionate is an effective growth inhibitor of most molds and some bacteria. It is widely employed in bread and other bakery products to prevent mold and rope formation and to extend the normal shelf life.

LPI (LP Information)' newest research report, the “Sodium Propionate Industry Forecast” looks at past sales and reviews total world Sodium Propionate sales in 2022, providing a comprehensive analysis by region and market sector of projected Sodium Propionate sales for 2023 through 2029. With Sodium Propionate sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Sodium Propionate industry.

This Insight Report provides a comprehensive analysis of the global Sodium Propionate landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Sodium Propionate portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Sodium Propionate market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Sodium Propionate and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Sodium Propionate.

The global Sodium Propionate market size is projected to grow from US$ 115.1 million in 2022 to US$ 159.6 million in 2029; it is expected to grow at a CAGR of 159.6 from 2023 to 2029.

Americas is the largest Sodium Propionate market with about 39% market share. China is follower, accounting for about 24% market share.

The key players are Niacet, Macco Organiques, Prathista Industries, Fine Organics, Shandong Tongtaiweirun Chemical, Qingdao Jiutai Biotechnology, Tengzhou Zhongzheng Chemical, Tenglong Company, Qingdao Dawei Biological Engineering, Lianyungang Shuren Kechuang Food Additive, Shanghai Huamei Food Additives, ALCHEMY etc. Top 3 companies occupied about 57% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Sodium Propionate market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Food Grade

Pharmaceutical Grade

Segmentation by application

Food Industry

Pharmaceutical Industry

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Niacet

Macco Organiques

Prathista Industries

Fine Organics

Shandong Tongtaiweirun Chemical

Qingdao Jiutai Biotechnology

Tengzhou Zhongzheng Chemical

Tenglong Company

Qingdao Dawei Biological Engineering

Lianyungang Shuren Kechuang Food Additive

Shanghai Huamei Food Additives

ALCHEMY

Key Questions Addressed in this Report

What is the 10-year outlook for the global Sodium Propionate market?

What factors are driving Sodium Propionate market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Sodium Propionate market opportunities vary by end market size?

How does Sodium Propionate break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.