Sodium propionate is a white crystalline powder that is used as a food preservative with the molecular formula CH3CH2COONa. It is used to inhibit the growth of mold and bacteria in bread and other baked goods, as well as dairy products, processed meats, and other processed foods. It is also used as a fungicide in various agricultural products.
Sodium propionate is widely used in the food industry as a preservative in many countries, including the United States, Canada, Europe, and Australia. It is approved for use by the U.S. Food and Drug Administration and the European Union. In addition, it is approved for use in food products by several countries in Asia, including China, Japan, and South Korea.
Despite its widespread use, sodium propionate can have some adverse effects. It has been linked to respiratory issues, skin irritation, and gastrointestinal irritation. It is also classified as a possible carcinogen, although more research is needed to confirm this.
The global Sodium Propionate market was valued at US$ 117.7 million in 2022 and is anticipated to reach US$ 161.8 million by 2029, witnessing a CAGR of 4.6% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Sodium Propionate Market available at: https://www.themarketreports.com/report/global-sodium-propionate-market-research-report
This report aims to provide a comprehensive presentation of the global market for Sodium Propionate, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Sodium Propionate.
The key players are Niacet, Macco Organiques, Prathista Industries, Fine Organics, Shandong Tongtaiweirun Chemical, Qingdao Jiutai Biotechnology, Tengzhou Zhongzheng Chemical, Tenglong Company, Qingdao Dawei Biological Engineering, Lianyungang Shuren Kechuang Food Additive, Shanghai Huamei Food Additives, ALCHEMY etc. Top 3 companies occupied about 57% market share.
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