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Sodium Propionate Market To Reach Us$ 163.30 Mn By 2023

According to a new market report published by Credence Research Inc., “Sodium Propionate Market (By Application (Food, Pharmaceutical, Cosmetics, Agriculture, Animal Feed and Others)), Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 – 2023”, the worldwide sodium propionate market was valued at US$ 117.44 Mn in 2015. It is projected to grow at a CAGR of 4.4% from 2016 to 2023. In terms of volume the global market stood at 38.92 kilo tons in 2015.

The purpose of the report is to illustrate the state of the market of Sodium Propionate, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.

Browse here for full report: https://www.credenceresearch.com/report/sodium-propionate-market

Market Insights

Sodium propionate due to its antimicrobial properties to extend shelf life of food products along with its GRAS (generally recognized as safe) status by the U.S. FDA is widely use as a food additive. Rising packaged food consumption owing to changing and busy lifestyle is driving sodium propionate demand in food preservatives.  Moreover, sodium propionate is considered as one of the best and safest bacteria and mold inhibitor in the animal feed and grain preservative segment. Increasing demand from animal feed and grain preservatives is fueling the market growth. Environmental concern is the major factor hampering the market growth.

For further growth emerging and untapped markets provide huge scope. Over the coming few years, demand from the emerging economies is projected to augment due to rising awareness about the benefits of sodium propionate for feed and food preservatives. Research and development initiative to produce innovative products using sodium propionate will not only provide new opportunities but also bring in rich gains.

Competitive Insights:

Sodium propionate market comprises of various multinationals and regional players. The market players are investing on different strategies to increase their market presence such as application development and capacity expansion.  Foodchem International Corporation, Fine Organic Industries Private Ltd, Niacet Corporation and Macco Organiques Inc are some of the players present in this market.

Why was the report written?

This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Sodium Propionate buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.

What is the current market landscape and what is changing?

Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.

The report on the market of Sodium Propionate contains:

Analysis and forecast of Sodium Propionate market dynamics;

Analysis of domestic production, market shares of the main market players;

Analysis of exports and imports;

Analysis of factors, leading the development of the Sodium Propionate market;

Assessment and forecast of Sodium Propionate market development;

Financial and business profiles of the leading companies in the Sodium Propionate industry.

Scope

– Up to date working Sodium Propionate data by major regions in the world, the forecast of planned capacity additions by 2026

– The annual breakdown of capital expenditure spending on proposed Sodium Propionate for the period 2018 to 2026

– Planned Sodium Propionate additions and capital expenditure spending by key countries and companies across the world

– Planned capital expenditure spending on new Sodium Propionate projects by region, key countries, and companies

– Details of major planned Sodium Propionate projects in the world up to 2026

Also you can request us for sample in pdf with more details and graph: https://www.credenceresearch.com/sample-request/58108

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