Published on : Nov 29, 2018
Albany, New York, November 29, 2018: Sodium Propionate, used as a preservative in food to curtail the expansion of bacteria and mold to elongate the shelf life of packaged baked food and processed cheese products is exponentially augmenting the market as it is economically viable and a safer choice. Further, the price point and availability of the sodium propionate has bolstered the market. These assimilations are according to the report titled, “Global Market Study on Sodium Propionate: Revenue Growth Driven by Increasing Application of Antimicrobial Food Preservatives,” which has been lately included in the repository of Market Research Hub (MRH). According to the study, sodium propionate market has been bolstered by its sheer attribute to shield the food from mold and bacteria.
The U.S. Food and Drug Administration has labeled Sodium propionate as generally recognized as safe (GRAS). Consumers are spending more on food than ever before due to the rise in the disposable income which has surged the demand for the sodium propionate. Sodium propionate has become indispensable for the bakery products as it enhances the quality and increases the longevity of the products.
With widespread concern for the ethical production of animal products, sodium propionate has got the push in the market. Further, sodium propionate has garnered the attention of agricultural community owing to the sustainability of grain which can be attained through the use of sodium propionate. Moreover, soaring demand for quality meat products and rigid food safety regulations, has pushed the sodium propionate market forward.
Sodium Propionate Market: Report Synopsis
The report offers a thorough analysis on the sodium propionate market. Further, report delves into the drivers triggering the growth of the sodium propionate market along with restraints challenging the market. In addition, the report assesses opportunities and trends in the market.
The report does assessment of the market on the basis of application which incorporates bakery products, meat and poultry, cheese and cheese products, pharmaceuticals, agriculture and animal feed, cosmetic and others. Regionally, the market covers North America, Latin America, Europe, APAC and MEA.
The report delves into the company profiles of the major participants in the sodium propionate market. Some of the eminent companies are Fine organic industries ltd, Foodchem International, Niacet Corporation, to name a few.
The report begins with the executive summary followed by market definition and market taxonomy. Further, the report tracks the market scenario with essential inferences taken from historical data, current trends and future prospects. The report, then, analyzes macro-economic factors and provides an over view on the food and beverage industry.
Sodium Propionate Market: Research Methodology
An exhaustive research methodology has been embraced with regards to providing a research approach incorporating of secondary and primary research. The insights in the report is the result of an in-depth secondary research, primary interviews and in-house reviews by panel of experts. One of the unique features of this report is that analysis has been done on the basis of absolute dollar opportunity which is often shunned while projecting the market. With regards to the evaluation of sodium propionate, mean administration rate per day for sodium propionate was assessed.
The secondary research embodies company websites, SEC filings and presentations by investors, industry white paper and statistical database. The primary research embodies face to face interviews, phonic interviews and e-mail interaction. To furnish the readers with an unbiased report, a panel of expert analyzes the data collected from various sources.
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