Global Market Study on Sodium Propionate: Driven by Increasing Application of Antimicrobial Food Preservatives


  • Published On : Jan-2016 |
  • Pages : 105 Pages |
  • Format :

Sodium propionate is the sodium salt of propionic acid and is currently the most widely used chemical in the food industry. It is stable at room temperature and incompatible with strong oxidizing agents and is prepared by reacting propionic acid and sodium carbonate. It is used as a food preservative and as a mold inhibitor in products that are susceptible to spoilage and is a safe compound when used at low levels. Sodium propionate comes in the white crystalline solid or powder forms.

The global sodium propionate market report begins with an overview of sodium propionate and offers future market outlook. The report covers the performance of the sodium propionate market in terms of revenue and volume contribution. This section also includes analysis of key trends, drivers, restraints and opportunities that are influencing the sodium propionate market. Impact analysis of key growth drivers and restraints, based on the weighted average model, across various regions, is also included to better equip clients with crystal clear decision-making insights.

By application, the global sodium propionate market is segmented into food, pharmaceuticals, agriculture & animal feed, cosmetics and others. Of these, the food segment accounted for US$ 26.1 Mn in 2014 and is expected to dominate the market in terms of revenue over the forecast period.

The packaged food market is growing rapidly and demand for sodium propionate as an antimicrobial to extend the shelf life of food products is expected to increase significantly in the near future. Sodium propionate is mainly used in oral pharmaceutical formulations as an antimicrobial preservative and fungal treatment ointment to treat skin diseases. Propionic acid is widely used as a food and feed preservative; however, for best results, a blend of propionic acid and sodium propionate is used along with formic and lactic acid.

Regions covered in the report include:

  • North America
  • South America
  • Europe
  • Asia Pacific
  • The Middle East & Africa

To arrive at market size, the report considers the market value of sodium propionate across the aforementioned geographies. The forecast presented here assesses the total revenue generated by the global sodium propionate market. When developing the market forecast, the starting point involves sizing the current market, which forms the basis for the forecast regarding how the market is anticipated to shape up in the near future. For this, PMR sought inputs from several subject matter experts in the sodium propionate domain. Given the characteristics of the market, we triangulated the outcome on the basis of supply side, demand side and dynamics of the market.

We have also taken into consideration year-on-year growth based on regional growth analysis to understand predictability of the market and to identify right opportunities in the global sodium propionate market. All the segments have been analyzed in terms of Basis Point Share (BPS) to understand the individual segments’ relative contribution to market growth. This detailed level of information is important for identification of various key trends in the global sodium propionate market. Also, another key feature of this report is the analysis of the global sodium propionate market by region, which is further segmented on the basis of countries and revenue forecast in terms of absolute dollar opportunity.

In the final section of the report, the global sodium propionate market landscape is included to provide report audiences a dashboard view based on categories of providers in the global market; their key developments and strategies have also been included wherever possible.

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.

sodium-propionate-market

Key players profiled in this report include:

  • Prathista Industries Ltd.
  • Fine Organic Industries Private Ltd.
  • Niacet Corporation.
  • Macco Organiques Inc.
  • Foodchem International Corporation.
  • Tengzhou Tenglong Chemical Co. Ltd.
  • Dr. Paul Lohmann GmbH KG.
  • Other.

Table of Contents

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 Sub-segments
          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

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
          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

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
          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, 2013-2021 (US$ thousand)
Table 2: Global Sodium Propionate Market Volume and Forecast By Food Sub-segment, 2013-2021 (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
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, 2013-2021 (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, 2014-2021
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, 2014-2021
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, 2014-2021
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, 2014-2021 (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, 2014-2021 (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

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