Published on : Dec 15, 2017
Albany, New York, December 15, 2017: Sodium propionate is the propionic acid’s sodium salt and one of the most used chemical in the food industry. Sodium propionate is used as a food preservative and is a safe compound when used at low levels. A thorough research report based on sodium propionate titled “Global Market Study on Sodium Propionate: Driven by Increasing Application of Antimicrobial Food Preservatives” has been added recently into the repository of Market Research Hub (MRH) that provides in-depth analysis of global sodium propionate market right from its past trends to future prospects.
The insightful report begins with an executive summary containing key information on the global sodium propionate market such as market share. The market overview section in the report provides introduction to the market, forecast of market value & volume and market dynamics. In the market dynamics section, the study examines the factors driving the market as well as restraints to the growth of the market. According to the report, due to the growth of foodservice sectors in developing countries, the production of ready to eat (RTE) meat products has increased which in turn has increased usage of food preservatives. In this section, the readers will also find key trends globally in sodium propionate market.
The informatory report has been divided into various segments for detailed analysis and the segments are application and regions. The application segment is further bifurcated into food segment, pharmaceutical, agriculture and animal feed, cosmetic and others. According to the report, the food segment is expected to lead the global sodium propionate market among other segments. The report is divided into major regions which are North America, Europe, Asia Pacific, South America and Middle East and Africa. According to the study, the Asia pacific region is expected to lead the global sodium propionate market with an increased value of US$ 9.4 by the end of 2021 from US$ 6.3 Mn value which was evaluated in 2014. The analysis for these segments is shared in terms of market value & Y-o-Y forecast, market size and forecast and market attractiveness analysis.
For new entrants and existing players, the report also shares its analysis over competition landscape including profile of some of the key players operating in the global market of sodium propionate. The companies name include Dr. Paul Lohmann GmbH KG., Prathista Industries Ltd., Macco Organiques Inc., Tengzhou Tenglong Chemical Co. Ltd., Foodchem International Corporation, Niacet Corporation and Fine Organic Industries Private Ltd..
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