Sodium Propionate Market | Prathista Industries Ltd, Fine Organic Industries Private Limited, Niacet Corporation

Sodium propionate is a chemical compound that is hygroscopic in nature appears in a white or crystalline powder. It is widely used as preservative across the food industry for various baked food products. It is also produced in the body during the breakdown of certain fatty acids. Sodium propionate prevents the growth of the bacteria and molds on the baked food products, cheese products, and processed food products. Moreover, it is also used as a flavoring agent in food products such as soft drinks, meats, dairy products, and alcoholic drinks. Agriculture, meat, cosmetic, pharmaceuticals, and bakery are some of the major end-users of sodium propionate.

The global sodium propionate market is projected to reach around US$ 61,268.1 thousand by the end of 2027, in terms of revenue, growing at CAGR of 5.4% during the forecast period (2020-2027).

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Detailed Segmentation:

Global Sodium Propionate Market, By Application:
Food
Baked Products
Tortillas
Bread & Buns
Cakes & Pies
Pastries & Donuts
Others

Meat & Poultry
Freshly processed meat products
Cured meat products
Raw and pre-cooked cooked products,
Raw (dry) fermented sausages
Dried meat

Cheese & Cheese Products
Processed & American style cheese
Soft and semi-soft cheese
Firm and hard cheese
Blue cheese
Others

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Market Trends

The growing use of sodium propionate from the cosmetic industry where sodium propionate is widely used in the manufacturing of cosmetic products such as lotions, creams, foams, ointments, and gels. The growth of the sodium propionate market is also attributed to growth in the cosmetic industry around the globe.

Growing demand for packaged food products due to the busy lifestyle of the consumer across developed countries is a major trend in the market. Moreover, growth in the number of restaurants and cafes around the globe is further expected to foster the market growth of the sodium propionate over the forecast period.

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