According
to the latest market report published by Persistence Market Research,
titled “Global Market Study on Sodium Propionate: Driven by
Increasing Application of Antimicrobial Food Preservatives”, the
global
sodium propionate market
was valued at US$ 31.1 Mn in 2014. Revenue is further expected to
expand at a CAGR of 5.4% during the forecast period (2015 - 2021).
As
sodium propionate is a chemical ingredient, it is included in the
list of artificial preservatives for food, which is a factor limiting
its usage as a food ingredient in a variety of edible products.
However, it is an integral component in bakery items, meats and
cheese, and FDA as well as EFSA have recognized sodium propionate as
a Generally Recognized As Safe (GRAS) ingredient for use in food.
Sodium propionate enhances the color of processed meat and acts as a
tenderizer, inhibits the growth of microorganisms, thus making it
increasingly shelf-stable.
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.
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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.
Browse
the full Global Market Study on Sodium Propionate: Driven by
Increasing Application of Antimicrobial Food Preservatives report at
http://www.persistencemarketresearch.com/market-research/sodium-propionate-market.asp
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.
The
global sodium propionate market is segmented as follows:
By
Application:
- Food
- Baked Products
- Meat & Poultry
- Cheese & Cheese Products
- Pharmaceuticals
- Agriculture & Animal Feed
- Cosmetics
- Others
By
Region:
- North America
- South America
- Europe
- Asia Pacific
- The Middle East and Africa
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