Global Sodium Acetate market 2024-2030

Sodium acetate is a type of salt, used as a preservativein food items such as dairy products, cheese, meat and more.Apart from this it also enhances the taste of the processed food.Sodium acetate is used as a preservative, but it can also be used to add seasoning to food products.

The report on global sodium acetate market shows insights on the current market scenario by conducting over 280 hours of primary and secondary research. As per the report, global sodium acetate market is growing its area and effective sphere of influence very fast and is gaining popularity. This global sodium acetate Market is expected to reach the levels of US $ xxxx billion dollars by the end of 2023, as compared to US $ xxxx billon dollars in 2018 registering an impressive growth rate of xx% annually.

The main factor for the growth of sodium acetate is the processed food. The reason behind the rise in use of processed food items is because of the working class who mostly travels and do not have time to cook for themselves. Sodium acetate is used in replacing salt and spices from the food items as they are not as healthy as sodium acetate. Sodium acetate is not harmful until and unless it is in its pure chemical form or a person has some problem who should avoid the use of sodium acetate.

There are quite a few factors that are impeding the growth of sodium acetate globally. There are large number of substitutes present in the market for sodium acetate.High import duties are levied on sodium acetate making its pricing unstable in the market. There are substitute additives which are similar to sodium acetate in the market, which may cause a threat for the demand of sodium acetate. There are also some health issuesrelated with the use of sodium acetate, inorder to maintain the acidity of the product.The acetic acid is highly concentratedand could potentially harm an individual’s health.

Asia Pacific was one of the strong hold for the sodium acetate market in the year 2018 with market shares of more than 18% in the sodium acetate market.It is likely that there will be a growth of sodium acetate in this region due to expanding leather, textile and food industry.North America will experience growth in the demand a moderate pace for the period from 2018-2023, due to the expanding regional medical and pharmaceutical industry. The market share of North America was at 18% in the year 2018. Europe is likely to experience fall in its market share from 15%, due to strict environmental laws in the country.

The key players present in the sodium acetate market are N.B. Enterprise, Palsgaard, Foodchem International Corporation, Estelle Chemicals Pvt. Ltd., and Parchem fine and specialty chemicals.

The research procedure starts with the bifurcation of different market segments of global sodium acetate market, followed by detection of factors affecting the growth each segment. Then, the market forecasts were built based on the inputs given by the business leaders across global sodium acetate industry value chain. Market Krystal held more than 40 interviews for this study, details of which are mentioned:

By company type:

Manufacturers (35%), Suppliers (35%), Consumers (10%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (35%), Asia (30%), Europe (35%)

By designation:

Top level (40%), Operation level (30%), Mid-level (30%)

Contents of the report:

• Insights on the global sodium acetate industry dynamics
• Current estimation of the global sodium acetate market size in terms of value and volume
• Global sodium acetate market breakup based on product type and application.
• Authenticated global sodium acetate market forecast for the next five years
• Comprehensive analysis of the key companies operating across different nodes of global sodium acetate industry value chain.