Sodium propionate is a chemical compound that is hygroscopic in nature appears in a white or crystalline powder. It is widely used as preservative across the food industry for various baked food products. It is also produced in the body during the breakdown of certain fatty acids. Sodium propionate prevents the growth of the bacteria and molds on the baked food products, cheese products, and processed food products. Moreover, it is also used as a flavoring agent in food products such as soft drinks, meats, dairy products, and alcoholic drinks. Agriculture, meat, cosmetic, pharmaceuticals, and bakery are some of the major end users of sodium propionate.
Market Dynamics
Increasing investment by major players in order to increase the production capacity of sodium propionate and to meet the rising demand is expected to accelerate market growth. For instance, in November 2020, Symrise opened a site for high-quality natural food ingredients in the US state of Georgia. The group invested 53.44 USD million in the facility, which follows high technological and sustainable standards. The plant will manufacture products for the business units Food Ingredients, Symrise Flavor, and Pet Food.
Increasing adoption of high-end technologies among manufacturers to produce sodium propionate as per the requirement of customers in a different form is expected to accelerate market growth of sodium propionate. This allows importers and distributors to reduce the cost of the supply chain. Thus, the adoption of high-end technologies is expected to augment the market growth of sodium propionate.
Rising awareness regarding the various side effects associated with artificial additives is expected to restrict the use of sodium propionate. The consumer is becoming more informed regarding food labels and ingredients. Thus, this is expected to limit the use of sodium propionate thus hindering the market growth over the forecast period.
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