Consumption of meat and meat products has increased substantially globally. The growth of retail and foodservice sectors in emerging countries has resulted in the emergence of ready to eat (RTE) meat products, which in turn has increased uptake of food preservatives.

New York, NY -- (SBWire) -- 02/23/2016 --Sodium propionate is a propionic acid that occurs in the form of salt and is organic in nature. It is made during sugar's chemical degradation and comes in powder or white crystalline solid forms. It is also formed naturally in the human body when amino acids and fatty acids are metabolized. Sodium propionate is stable at room temperature and is incompatible with strong oxidizing agents. Chemically synthesized sodium propionate is majorly utilized as a preservative within the food industry. It helps in preventing the growth of certain bacteria and molds and thereby helps to prolong packaged goods' shelf life.

It is also utilized for preventing mold growth within processed cheese and packaged products. It is an integral part of meats, bakery items, and cheese and is recognized by EFSA and FDA as a safe ingredient for utilization in food items. It is also used as a tenderizer and a color enhancer in processed meat. The development of the foodservice and retail sectors in developing countries has led to a high demand for ready-to-eat (RTE) meat products, thus raising the demand for food preservatives where sodium propionate plays a key role.

Rising Consumption of Meat and Meat Products to Propel Sodium Propionate Market

The market for sodium propionate is primarily fuelled by factors such as the use of animal feed additives in factory farming for increasing milk production, eggs, and meat. These feed additives comprise sodium propionate as the main preservative, thus having a positive impact on the market. In addition, factors such as the rising consumption of meat and meat products and the increasing disposable incomes of consumers have also augmented the demand for sodium propionate. On the other hand, the dearth of raw materials such as ethylene owing to the increasing prices of petroleum may restrain the growth of the market for sodium propionate in the coming years. In addition, the market for sodium propionate is extremely volatile in nature owing to increasing threats from alternatives owing to demand-supply volatility. This may also pose a negative impact on the growth of the market.

Growing Usage of Sodium Propionate in Food Industry to Boost Market

On the basis of application, the market for sodium propionate is segmented into pharmaceuticals, food, cosmetics, agriculture and mining, and others. Amongst these, the segment of food is predicted to lead the market on the basis of revenue in the coming years and constituted a share of US$26.1 mn in 2014. The reason for the dominance of this segment is the rising usage of sodium propionate as a feed and food preservative. On the other hand, the usage of sodium propionate is also increasing in oral pharmaceutical formulations in the form of an antimicrobial preservative and in ointments for fungal treatment for skin diseases.

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North America Sodium Propionate Market to Lead in Terms of Revenue

In terms of geography, the market is segmented into South America, North America, Asia Pacific, Europe, and the Middle East and Africa. Amongst these, on the basis of revenue, North America is predicted to lead the market in the coming years. However, the Asia Pacific sodium propionate market is anticipated to expand at the highest CAGR from 2015 to 2021. India and China have emerged as key players within the Asia Pacific region.

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The prime players operating in the market for sodium propionate are Fine Organic Industries Private Ltd., Prathista Industries Ltd., Niacet Corporation, Foodchem International Corporation, Macco Organiques Inc., Dr. Paul Lohmann GmbH KG, and Tengzhou Tenglong Chemical Co. Ltd.

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