Sodium Propionate Market Size, Share, Opportunities, And Trends By Application (Additives, Preservatives, Pharma), By Grade (Food Grade, Pharma Grade), By End-user (Retailers, Industry), And By Geography - Forecasts From 2023 To 2028

The sodium propionate market is projected to show steady growth during the forecast period.

Sodium propionate, characterized as an organic sodium salt consisting of equal parts sodium and propionate ions serves a dual role as both an antifungal drug and a food preservative. Its applications span diverse fields, including its use as a preservative, antioxidant, processing aid, and additive.

Primarily recognized for its efficacy as a food preservative, sodium propionate plays a pivotal role in inhibiting the growth of mold and bacteria. This quality extends the shelf life of various food products, such as bread, baked goods, cheese, and other processed foods. Its versatility is further demonstrated in its function as a flavouring agent or adjuvant. This makes it suitable for use in veterinary medicinal products, particularly as a veterinary antiseptic to safeguard wounds in horses and dogs.

Presented as a white, non-dusty, free-flowing powder, sodium propionate is deemed safe for human consumption when used within acceptable limits as a food additive. Its multifaceted applications underscore its significance in the food, pharmaceutical, and industrial sectors.

Market Drivers

• Rising demand for convenience food-

The surging demand for convenience foods is a key driver in the growing popularity of preservatives like sodium propionate. This is because sodium propionate plays a crucial role in extending shelf life and preventing spoilage in processed and packaged foods. This trend aligns with the observable rise in food demand and production, notably evident in the United States. In 2022, real expenditures on food-at-home (FAH) establishments constituted 46.1 percent of total food spending. This marks the largest share since data tracking by the economic research service.

Internationally, the export of processed food Products in India reached US$ 10.42 Billion in 2021-22, underlining the global nature of increased food production and consumption. This expansion, especially in emerging markets, intensifies the demand for preservatives like sodium propionate to effectively manage food waste and ensure safety. As a result, the overall demand for sodium propionate is influenced by these broader trends. This, in turn, reflects its integral role in supporting the efficiency and safety of the food supply chain on a global scale.

• Multiple uses and versatility

Sodium propionate stands out for its remarkable versatility and effectiveness, showcasing a broad spectrum of activity against diverse molds and bacteria. This characteristic makes it an invaluable tool for preserving an extensive range of food products, ensuring their longevity and quality.

In the pharmaceutical realm, sodium propionate finds application in the treatment of skin fungal infections, often used in combination with calcium propionate to enhance its efficacy. Beyond pharmaceuticals, sodium propionate extends its utility to various sectors, including cosmetics, agriculture, and animal feed, where it serves as a potent preservative. Its role as a food additive is pivotal, contributing to the preservation of numerous food items.

Moreover, sodium propionate exhibits inhibitory effects on the growth of lactic acid bacteria, adding another layer to its functionality. This multifaceted compound, with its diverse applications and effectiveness across different industries, underscores its importance and demand.

Market Restraints

• Regulatory standards.

In certain countries, regulatory restrictions about the use of specific preservatives, such as sodium propionate, can impose limitations on its market potential. Notably, the absence of global labeling standards further complicates matters. Imported products may not consistently provide sodium information on their labels, as they tend to adhere to the labeling regulations of the country in which they are sold. This variation in regulatory standards creates challenges and contributes to restrictions in the growth of the sodium propionate market. However, regulatory disparities sodium propionate market's expansion on a global scale are likely due to the demand existing.

The sodium propionate market is segmented by grade into food grade and pharma grade

The Sodium Propionate market segmentation is based on grade, into food grade and pharma grade. Food Grade Sodium Propionate is characterized by its appearance as a white, crystalline powder. Its primary application revolves around serving as a food preservative in various products, including bread, baked goods, cheese, and processed meats.  

On the other hand, Pharma Grade Sodium Propionate shares a similar appearance to the food-grade variant but adheres to higher purity standards and more stringent quality control measures. Its primary utilization is in pharmaceutical formulations, featuring prominently in products like cough syrups, nasal sprays, and injectable medications.

North America is anticipated to hold a significant share of the sodium propionate market.

North America will hold a notable share of the sodium propionate market, and this prominence is underpinned by several pivotal factors. The region is a developed and extensive food industry, characterized by a heightened consumption of processed and packaged foods. This consumer behavior stimulates a robust demand for preservatives like sodium propionate, as they play a crucial role in extending the shelf life of products and preventing spoilage. Adding to this, North America's food industry operates within a framework of rigorous regulations focused on ensuring food safety and hygiene. These stringent standards act as a support for the widespread use of effective preservatives such as sodium propionate.

Market Developments

• January 2022- Kerry, the leading taste and nutrition company globally, officially inaugurated a cutting-edge facility spanning 21,500 square feet at its Jeddah operation in the Kingdom of Saudi Arabia. Over the preceding four years, the company invested more than €80 million in the region. This newly opened facility is now Kerry's largest in the Middle East, North Africa, and Turkey (MENAT). The facility is designed to manufacture great-tasting, nutritious, and sustainable food ingredients.
• September 2021-  Kerry Group concluded the acquisition of Niacet, marking a strategic move to establish a world-leading global platform for food protection and preservation. Niacet, renowned for its production of organic salts, including propionates and acetates, caters to a diverse range of industries such as pharmaceutical, food, feed, and technical. As part of this acquisition, Kerry Group gains ownership of two well-established and fully automated manufacturing facilities operated by Niacet.

Company Products

• Ingredi Sodium Propionate.-  Ingredi offers Sodium Propionate. This substance, available in a white crystalline form, proves effective in extending the shelf life of packaged baked goods and cheese products. It is a food grade that adheres to the latest standards, including FCC, E281, JECFA (FAO/WHO), and Japanese standards of food additives. This quality ensures compliance with industry benchmarks and regulatory guidelines for safety and quality in the realm of food preservation.
• USPC Sodium Propionate- The United States Pharmacopeial Convention offers Sodium Propionate in a convenient 200 mg quantity, ready for prompt shipment. Priced at $295.00, this product is specifically recommended for analytical laboratory use, emphasizing its suitability for scientific and research purposes. Presented in a crystalline powder form, Sodium Propionate exhibits a characteristic white color. Its solubility in water further adds to its versatility, allowing for ease of use in various laboratory applications.
• Alpha Chemical Sodium Propionate- Alpha Chemical offers Sodium Propionate with a purity level of 98%. If anyone is interested in obtaining information about the quantity and pricing of this product, Alpha Chemical welcomes inquiries. The company is known for its flexibility in accommodating varied requirements, making it convenient for customers to discuss their specific needs.

Sodium Propionate Market Scope:

 

Report Metric	Details
Growth Rate	CAGR during the forecast period
Base Year	2021
Forecast Period	2023 – 2028
Forecast Unit (Value)	USD Billion
Segments Covered	Application Grade End-user Geography
Companies Covered	Merck KGaA, Darmstadt Larodan AB Kraft Chemicals Univar Solutions Inc. Spectrum Chemical And more
Regions Covered	North America, South America, Europe, Middle East and Africa, Asia Pacific
Customization Scope	Free report customization with purchase

 

Market Segmentation

• By Application
  • Additives
  • Preservatives
  • Pharma
• By Grade
  • Food Grade
  • Pharma Grade
• By End-user
  • Retailers
  • Industry
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Indonesia
    • Thailand
    • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

2. RESEARCH METHODOLOGY  

2.1. Research Data

2.2. Research Process

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Force Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

5. SODIUM PROPIONATE MARKET BY APPLICATION

5.1. Introduction

5.2. Additives

5.3. Preservatives

5.4. Pharma

6. SODIUM PROPIONATE MARKET BY GRADE

6.1. Introduction

6.2. Food Grade 

6.3. Pharma Grade

7. SODIUM PROPIONATE MARKET BY END-USER

7.1. Introduction

7.2. Retailers

7.3. Industry

8. SODIUM PROPIONATE MARKET BY GEOGRAPHY

8.1. Introduction

8.2. North America

8.2.1. United States

8.2.2. Canada

8.2.3. Mexico

8.3. South America

8.3.1. Brazil

8.3.2. Argentina

8.3.3. Others

8.4. Europe

8.4.1. United Kingdom

8.4.2. Germany

8.4.3. France

8.4.4. Spain

8.4.5. Others

8.5. The Middle East and Africa

8.5.1. Saudi Arabia

8.5.2. UAE

8.5.3. Israel

8.5.4. Others

8.6. Asia Pacific

8.6.1. Japan

8.6.2. China

8.6.3. India

8.6.4. South Korea

8.6.5. Indonesia

8.6.6. Thailand

8.6.7. Others

9. COMPETITIVE ENVIRONMENT AND ANALYSIS

9.1. Major Players and Strategy Analysis

9.2. Market Share Analysis

9.3. Mergers, Acquisitions, Agreements, and Collaborations

10. COMPANY PROFILES

10.1. Merck KGaA, Darmstadt

10.2. Larodan AB

10.3. Kraft Chemicals

10.4. Univar Solutions Inc.

10.5. Spectrum Chemical

10.6. Thermo Fisher Scientific Inc.

10.7. CortecNet

10.8. United States Pharmacopeial

10.9. Alfa Chemistry

10.10. Ingredi

Merck KGaA, Darmstadt

Larodan AB

Kraft Chemicals

Univar Solutions Inc.

Spectrum Chemical

Thermo Fisher Scientific Inc.

CortecNet

United States Pharmacopeial

Alfa Chemistry

Ingredi