docGlobal Sodium Propionate Market - Share, Size, Trends Analysis to 2021
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Global Sodium Propionate Market - Share, Size, Trends Analysis to 2021
Global Sodium Propionate Market - Market is expected to expand at a CAGR of 5.4% during the forecast period (2015–2021) Persistence Market Research Global Sodium Propionate Market Revenue Expected to grow US$ 44.7 Mn by 2021 Persistence Market Research Persistence Market Research 1 Global Sodium Propionate Market - Market is expected to expand at a CAGR of 5.4% during the forecast period (2015–2021) Persistence Market Research Released New Market Report “Global Market Study on Sodium Propionate - Driven by Increasing Application of Antimicrobial Food Preservatives”, the global sodium propionate market was valued at US$ 31.1 Mn in 2014. Revenue is further expected to expand at a CAGR of 5.4% during the forecast period (2015 2021). Request Customize Full TOC: http://www.persistencemarketresearch.com/toc/4605 As sodium propionate is a chemical ingredient, it is included in the list of artificial preservatives for food, which is a factor limiting its usage as a food ingredient in a variety of edible products. However, it is an integral component in bakery items, meats and cheese, and FDA as well as EFSA have recognized sodium propionate as a Generally Recognized As Safe (GRAS) ingredient for use in food. Sodium propionate enhances the color of processed meat and acts as a tenderizer, inhibits the growth of microorganisms, thus making it increasingly shelf-stable. The global sodium propionate market is mainly driven by factors such as adoption of animal feed additives in factory farming in order to increase production of milk, meat, and eggs, increased consumption of meat and meat products coupled with growing disposable income and increased spending on food, among others. Furthermore, the growth of the retail and foodservice sectors in emerging countries has given rise to the demand for ready to eat meat products, which in turn has increased uptake of food preservatives. As a result, adoption of sodium propionate as an antimicrobial agent along with propionic acid is expected to surge globally over the next five to six years. Request Sample Report: http://www.persistencemarketresearch.com/samples/4605 In terms of revenue share contribution, North America is expected to dominate the global sodium propionate market during the forecast period. However, Asia-Pacific market is expected to record highest CAGR during this period. The market in Asia Pacific accounted for US$ 6.3 Mn in 2014, which is expected to increase to US$ 9.4 Mn by 2021. Persistence Market Research 2 Global Sodium Propionate Market - Market is expected to expand at a CAGR of 5.4% during the forecast period (2015–2021) Key players profiled in the global sodium propionate market report include Prathista Industries Ltd., Fine Organic Industries Private Ltd., Niacet Corporation, Macco Organiques Inc., Foodchem International Corporation, Tengzhou Tenglong Chemical Co. Ltd. and Dr. Paul Lohmann GmbH KG. Buy Full Report: http://www.persistencemarketresearch.com/market-research/sodiumpropionate-market.asp The global sodium propionate market is segmented as follows: By Application: • Food • Baked Products • Meat & Poultry • Cheese & Cheese Products • Pharmaceuticals • Agriculture & Animal Feed • Cosmetics • Others By Region: • North America • South America • Europe • Asia Pacific • The Middle East and Africa Persistence Market Research 3 Global Sodium Propionate Market - Market is expected to expand at a CAGR of 5.4% during the forecast period (2015–2021) Market History: 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. Also, manufacturers have developed high-end technologies to produce sodium propionate in forms that suit customer requirements. Intermediary manufacturers are experiencing shrinking margins, which is resulting in increasing cost of end-use products. The global sodium propionate market was valued at US$ 31.1 Mn in 2014, which is expected to expand at a CAGR of 5.4% during the forecast period (2015–2021). The market is highly volatile in nature, with the highest threat from substitutes due to supply-demand volatility. Shortage of initial raw material ‘ethylene’ due to rising petroleum prices has disrupted market dynamics to a major extent. In terms of volume, the market accounted for 18,547 tonnes in 2014, which is projected to reach 22,447 tonnes by 2021, exhibiting a CAGR of 3.0% during the forecast period. The global sodium propionate market is segmented on the basis of application into food, pharmaceuticals, agriculture & animal feed, cosmetics and others. On the basis of region, the market is segmented into North America, South America, Europe, Asia-Pacific and the Middle East & Africa. The sodium propionate market in Asia Pacific was valued at US$ 6.3 Mn in 2014, which is expected to increase to US$ 9.4 Mn by 2021. The market in Asia Pacific has very few small capacity producers of sodium propionate and the region majorly depends on imports to meet demand. China and India are emerging as leading producers in the region and are targeting emerging markets of Southeast and South Asia by providing cost-effective products. Key players profiled in the global sodium propionate market report are Prathista Industries Ltd., Fine Organic Industries Private Ltd., Niacet Corporation, Macco Organiques Inc., Foodchem International Corporation, Tengzhou Tenglong Chemical Co. Ltd., and Dr. Paul Lohmann GmbH KG. Persistence Market Research 4 Global Sodium Propionate Market - Market is expected to expand at a CAGR of 5.4% during the forecast period (2015–2021) Persistence Market Research 5 Global Sodium Propionate Market - Market is expected to expand at a CAGR of 5.4% during the forecast period (2015–2021) Table of Content 1 Executive Summary 2 Research Methodology 3 Assumptions & Acronyms 4 Market Overview 4.1 Market Taxonomy 4.2 Sodium Propionate Market Value & Volume Forecast 4.3 Drivers 4.4 Restraints 4.5 Global Trends 4.6 Value Chain Analysis 5 Sodium Propionate Market Size and Forecast by Application 5.1 Global Sodium Propionate Market Value & Y-o-Y Forecast By Food Segment 5.1.1 Global Sodium Propionate Market Size & Forecast By Food Sub-segments 5.1.1.1 Global Sodium Propionate Market Size & Forecast By Bakery Products 5.1.1.2 Global Sodium Propionate Market Size & Forecast By Meat & Poultry Subsegments 5.1.1.3.1Fresh processed meat products 5.1.1.4.2Cured meat products 5.1.1.5.3Raw-cooked and pre-cooked meat products 5.1.1.6.4Raw (dry) fermented sausages 5.1.1.7.5Dried meat 5.1.1.8 Global Sodium Propionate Market Size & Forecast By Cheese & Cheese Products 5.2 Global Sodium Propionate Market Value & Y-o-Y Forecast By Pharmaceutical Segment 5.3 Global Sodium Propionate Market Value & Y-o-Y Forecast By Agriculture and Animal Feed Segment 5.4 Global Sodium Propionate Market Value & Y-o-Y Forecast By Cosmetic Segment 5.5 Global Sodium Propionate Market Value & Y-o-Y Forecast By Others Segment 5.6 Sodium Propionate Market BPS and Market Attractiveness Analysis by Application Persistence Market Research 6 Global Sodium Propionate Market - Market is expected to expand at a CAGR of 5.4% during the forecast period (2015–2021) 6 Global Sodium Propionate Market Size and Forecast by Region 6.1 North America 6.1.1 North America Sodium Propionate Market Size & Forecast 6.1.2 North America Sodium Propionate Market Size and Forecast by Country 6.1.2.1 U.S. 6.1.2.2 Canada 6.1.2.3 Mexico 6.1.3 North America Sodium Propionate Market Share and BPS Analysis by Application 6.1.3.1 Food 6.1.3.2 Pharmaceutical 6.1.3.3 Agriculture & Animal feed 6.1.3.4 Cosmetics 6.1.3.5 Others 6.2 Europe 6.2.1 Europe Sodium Propionate Market Size & Forecast 6.2.2 Europe Sodium Propionate Market Size and Forecast by Country 6.2.2.1 EU5 6.2.2.2 Benelux 6.2.2.3 Nordic 6.2.2.4 Russia 6.2.2.5 Rest of Europe 6.2.3 Europe Sodium Propionate Market Share and BPS Analysis by Application 6.2.3.1 Food 6.2.3.2 Pharmaceutical 6.1.6.3 Agriculture & Animal feed 6.1.6.4 Cosmetics 6.1.6.5 Others 6.3 Asia Pacific 6.3.1 Asia Pacific Sodium Propionate Market Size & Forecast 6.3.2 Asia Pacific Sodium Propionate Market Size and Forecast by Country 6.3.2.1 China 6.3.2.2 India 6.3.2.3 ASEAN 6.3.2.4 ANZ Persistence Market Research 7 Global Sodium Propionate Market - Market is expected to expand at a CAGR of 5.4% during the forecast period (2015–2021) 6.3.2.5 Rest of APAC 6.3.3 Asia Pacific Sodium Propionate Market Share and BPS Analysis by Application 6.2.3.1 Food 6.2.3.2 Pharmaceutical 6.2.3.3 Agriculture & Animal feed 6.2.3.4 Cosmetics 6.2.3.5 Others 6.4 South America 6.4.1 South America Sodium Propionate Market Size & Forecast 6.4.2 South America Sodium Propionate Market Size and Forecast by Country 6.4.2.1 Brazil 6.4.2.2 Argentina 6.4.2.3 Rest of South America 6.4.3 South America Sodium Propionate Market Share and BPS Analysis by Application 6.4.3.1 Food 6.4.3.2 Pharmaceutical 6.4.3.3 Agriculture & Animal feed 6.4.3.4 Cosmetics 6.4.3.5 Others 6.5 Middle East & Africa 6.5.1 Middle East & Africa Sodium Propionate Market Size & Forecast 6.5.2 Middle East & Africa Sodium Propionate Market Size and Forecast by Country 6.5.2.1 GCC 6.5.2.2 North Africa 6.5.2.3 Southern Africa 6.5.2.4 Rest of MEA 6.5.3 Middle East & Africa Sodium Propionate Market Share and BPS Analysis by Application 6.5.3.1 Food 6.5.3.2 Pharmaceutical 6.5.3.3 Agriculture & Animal feed 6.5.3.4 Cosmetics 6.5.3.5 Others 6.6 Sodium Propionate Market BPS and Market Attractiveness Analysis by Regions Persistence Market Research 8 Global Sodium Propionate Market - Market is expected to expand at a CAGR of 5.4% during the forecast period (2015–2021) 7 Competitive Landscape 7.1 Competition Dashboard 7.2 Company Profiles 7.2.1 Prathista Industries Ltd 7.2.1.1 Company Overview 7.2.1.2 Annual Revenue & Profit 7.2.1.3 Recent Development 7.2.1.4 Product Portfolio 7.2.1.5 Business Strategies 7.2.2 Fine Organic Industries Private Limited 7.2.2.1 Company Overview 7.2.2.2 Annual Income & Profit after tax 7.2.2.3 Recent Development 7.2.2.4 Product Portfolio 7.2.2.5 Business Strategies 7.2.3 Niacet Corporation 7.2.3.1 Company Overview 7.2.3.2 Annual Sales 7.2.3.3 Recent Development 7.2.3.4 Product Portfolio 7.2.3.5 Business Strategies 7.2.4 Macco Organiques Inc. 7.2.4.1 Company Overview 7.2.4.2 Annual Sales 7.2.4.3 Recent Development 7.2.4.4 Product Portfolio 7.2.4.5 Business Strategies 7.2.5 Foodchem International Corporation 7.2.5.1 Company Overview 7.2.5.2 Annual Sales 7.2.5.3 Recent Development 7.2.5.4 Product Portfolio 7.2.5.5 Business Strategies 7.2.6 Tengzhou Tenglong Chemical Co. Ltd. 7.2.6.1 Company Overview Persistence Market Research 9 Global Sodium Propionate Market - Market is expected to expand at a CAGR of 5.4% during the forecast period (2015–2021) 7.2.6.2 Annual Sales 7.2.6.3 Product Portfolio 7.2.6.4 Business Strategies 7.2.7 Dr. Paul Lohmann GmbH KG 7.2.7.1 Company Overview 7.2.7.2 Annual Sales 7.2.7.3 Recent Development 7.2.7.4 Product Portfolio 7.2.7.5 Business Strategies List of Tables Table 1: Global Sodium Propionate Market Size and Forecast By Food Sub-segment, 20132021 (US$ thousand) Table 2: Global Sodium Propionate Market Volume and Forecast By Food Sub-segment, 20132021 (Tons) Table 3: Global Sodium Propionate Market Size and Forecast By Meat & Poultry Categories, 2013-2021 (US$ thousand) Table 4: Global Sodium Propionate Market Volume and Forecast By Meat & Poultry Categories, 2013-2021 (Tons) Table 5: North America Sodium Propionate Market Value (US$ thousand) & Volume (tons) Forecast By Baked Products Category, 2013– 2021 Table 6: North America Sodium Propionate Market Value (US$ thousand) & Volume (tons) Forecast By Meat and Poultry Category, 2013-2021 Table 7: North America Sodium Propionate Market Value (US$ thousand) & Volume (tons) Forecast By Cheese & Cheese Products Category, 2013-2021 Table 8: North America Sodium Propionate Market Size and Forecast By Country, 2013-2021 (US$ thousand) Table 9: Europe Sodium Propionate Market Value (US$ thousand) & Volume (tons) Forecast By Baked Products Category, 2013-2021 Table 10: Europe Sodium Propionate Market Value (US$ thousand) & Volume (tons) Forecast By Meat and Poultry Category, 2013-2021 Table 11: Europe Sodium Propionate Market Value (US$ thousand) & Volume (tons) Forecast By Cheese & Cheese Products Category, 2013-2021 Persistence Market Research 10 Global Sodium Propionate Market - Market is expected to expand at a CAGR of 5.4% during the forecast period (2015–2021) Table 12: Europe Sodium Propionate Market Size and Forecast By Country, 2013-2021 (US$ thousand) Table 13: Asia Pacific Sodium Propionate Market Value (US$ thousand) & Volume (tons) Forecast By Baked Products Category, 2013-2021 Table 14: Asia Pacific Sodium Propionate Market Value (US$ thousand) & Volume (tons) Forecast By Meat and Poultry Category, 2013-2021 Table 15: Asia Pacific Sodium Propionate Market Value (US$ thousand) & Volume (tons) Forecast By Cheese & Cheese Products Category, 2013-2021 Table 16: Asia Pacific Sodium Propionate Market Size and Forecast, By Country, 2013-2021 (US$ thousand) Table 17: South America Sodium Propionate Market Value (US$ thousand) & Volume (tons) Forecast By Baked Products Category, 2013-2021 Table 18: South America Sodium Propionate Market Value (US$ thousand) & Volume (tons) Forecast By Meat and Poultry Category, 2013-2021 Table 19: South America Sodium Propionate Market Value (US$ thousand) & Volume (tons) Forecast By Cheese & Cheese Products Category, 2013-2021 Table 20: South America Sodium Propionate Market Size and Forecast, By Country, 20132021 (US$ thousand) Table 21: MEA Sodium Propionate Market Value (US$ thousand) & Volume (tons) Forecast By Baked Products Category, 2013-2021 List of Figures Figure1: Global Sodium Propionate Market Value (US$ thousand) & Volume (tons) Forecast, 2014–2021 Figure 2: Global Sodium Propionate Market Size and Y-o-Y Forecast By Food Segment, 20142021 Figure 3: Global Sodium Propionate Market Size and Y-o-Y Forecast By Pharmaceutical Segment, 2014-2021 Figure 4: Global Sodium Propionate Market Size and Y-o-Y Forecast By Agriculture and Animal Feed Segment, 2014-2021 Figure 5: Global Sodium Propionate Market Size and Y-o-Y Forecast By Cosmetic Segment, 2014-2021 Figure 6: Global Sodium Propionate Market Size and Y-o-Y Forecast By Others Segment, 20142021 Persistence Market Research 11 Global Sodium Propionate Market - Market is expected to expand at a CAGR of 5.4% during the forecast period (2015–2021) Figure 7: Sodium Propionate Market BPS Analysis By Application, 2014 & 2021 Figure 8: Sodium Propionate Market Attractiveness Index By Applications, 2014 Figure 9: North America Sodium Propionate Market Size and Forecast, 2014-2021 Figure 10: North America Sodium Propionate Market Size and Forecast, by Application, 20142021 Figure 11: North America Sodium Propionate Market BPS Analysis by Application, 2014 & 2021 Figure 12: Europe Sodium Propionate Market Size and Forecast, 2014-2021 Figure 13: Europe Sodium Propionate Market Size and Forecast, by Application, 2014-2021 Figure 14: Europe Sodium Propionate Market BPS Analysis By Application, 2014 & 2021 Figure 15: Asia Pacific Sodium Propionate Market Size and Forecast, 2014-2021 Figure 16: Asia Pacific Sodium Propionate Market Size and Forecast, by Application, 20142021 (US$ thousand) Figure 17: Asia Pacific Sodium Propionate Market BPS Analysis By Application, 2014 & 2021 Figure 18: South America Sodium Propionate Market Size and Forecast, 2014-2021 Figure 19: South America Sodium Propionate Market Size and Forecast, by Application, 20142021 (US$ thousand) Figure 20: South America Sodium Propionate Market BPS Analysis By Application, 2014 & 2021 Figure 21: MEA Sodium Propionate Market Size and Forecast, 2014-2021 Figure 22: MEA Sodium Propionate Market Size and Forecast, by Application, 2014-2021 (US$ thousand) Figure 23: MEA Sodium Propionate Market BPS Analysis By Application, 2014 & 2021 Figure 24: Sodium Propionate Market BPS Analysis By Regions, 2014 & 2021 Figure 25: Sodium Propionate Market Attractiveness Index By Regions 2014 About Us: Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. 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Global Sodium Propionate Market, 2015 - 2021
The global sodium propionate market was valued at US$ 31.1 Mn in 2014, which is expected to expand at a CAGR of 5.4% during the forecast period (2015–2021). The market is highly volatile in nature, with the highest threat from substitutes due to supply-demand volatility.
