Propionate Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

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Propionate Market by Salt (Sodium Propionate, Calcium Propionate, Potassium Propionate), by Form (Dry and Liquid), by Application (Feed, Pharmaceuticals, Agriculture, Food preservative, Mold inhibitor, Antimicrobial Agents, Fungicides, Flavoring, and Cosmetics), and Geography

 

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Report

Description

The propionate market is valued at USD billion in 2021 and is poised to grow at a significant CAGR of 3.5% over 2022–2028. Due to the growing demand for farm animals’ products and fresh meals among consumers over the assessment period, the propionate market is expected to experience substantial growth. The benefits of a long-term supply of raw materials would come from improvements in research and innovation for propionic acid production. As time-pressed consumers embrace the convenience of freezers and microwave cooking, the demand for processed and ready-to-eat goods like toast, burgers, pizzas, hot dogs, cakes, and other comparable products is rising global scale. Such requirements are anticipated to benefit preservatives like calcium propionate shortly. Furthermore, customers place a high value on the durability and quality of the products they purchase. Artificial GRAS preservatives are now a necessary component of the baking sector. As a result of being deemed GRAS by the FDA and being a commercially viable and secure alternative for all manufacturers, sodium propionate has emerged as the preferred preservative for bakery goods. In the following period, it is projected that increasing technological advancements in the production of calcium propionate will create new market opportunities. Calcium propionate is frequently used as a preservative in beauty products to stop decomposition and maintain the pH of personal care products. Future years are expected to see increased demand for propionate due to the expanding beauty and personal care products market. Due to its high calcium concentration, calcium propionate helps food products retain their nutritious value while preserving food. With veganism and plant-based diets gaining popularity, customers are gravitating toward eating vegan dishes, further encouraging the use of calcium hydroxide since it is seen as a vegan ingredient. For instance, Swiss cheese contains up to 1% of the natural calcium propionic acid. Similar to this, commercial calcium propionate is manufactured, making it suitable for vegans and used in various ways.

Recent Market Developments:

In January 2020, Perstorp participated at IPPE 2020 which is the largest annual trade show for the poultry, meat and feed industries in the Americas on January 28 – 30 2020 at Georgia, U.S. Through this exhibition, the company aims to promote their new products among other players.

Propionate Market

MARKET SUMMARY
-
3.5%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 3.5%
  • Largest Market– North America
  • Fastest Growing Market– Asia-Pacific

Propionate Market

  • The global propionate market report gives comprehensive outlook across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
  • The propionate market report gives historical, current, and future market sizes (US$ Mn) based on salt, form, application, and geography.
Key Players
  • AB Mauri
  • Kemira Oyj
  • Krishna chemicals
  • Fine Organics
  • M food chemicals Co. ltd.
Propionate Market Dynamics

The increased awareness among the agricultural community of sustainable grain collection and preservation techniques is driving the demand for sodium propionate in the farming and animal feed market. The rising demand for premium livestock and meat products is another major factor contributing to the increase in propionate demand in agrochemicals. The need for high-quality animal feed and feed additives like sodium propionate has increased due to growing public awareness about the ethical production of animal products. Preservatives are essential in this regard because of the strict laws and regulations relating to food safety and shelf life, which have made processing industries hungry to find the most acceptable formulation to present the best food product to the consumer.


Asia-Pacific Got Significant Share

Propionates Market

The propionates market in Asia Pacific are likely to hold a significant revenue share in 2022, and, in the following years, it is predicted to increase rapidly. This growth results from the increased demand for fresh baked goods in the area. Additionally, increasing the production of packaged and sliced bread is becoming more popular in France and Germany. North America, which in 2021 held the second-largest market share, is anticipated to expand at a moderate CAGR. The demand for bakery goods has been steadily increasing from developed areas like North America and Europe. Modern baked goods contain sodium propionate as a necessary ingredient. Asia-Pacific is also anticipated to grow the fastest during the projection period. A further factor driving demand in the Asia-Pacific market is the growing demand for animal feed.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The propionate market report provides granular level information about the market size, regional market share, historic market (2017-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Propionate Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The propionate market is projected to expand at a CAGR of 3.4% during the forecast period.

AB Mauri, Perstorp Holdings AB, Niacet Corporation, Macco Organiques Inc., Kemira Oyj, Krishna chemicals

Asia Pacific is the fastest-growing region for propionate market


Report

Company Profile

  • Perstorp Holdings AB
  • Niacet Corporation
  • Macco Organiques Inc.
  • AB Mauri
  • Kemira Oyj
  • Krishna chemicals
  • Fine Organics
  • M food chemicals Co. ltd.

Description

The propionate market is valued at USD billion in 2021 and is poised to grow at a significant CAGR of 3.5% over 2022–2028. Due to the growing demand for farm animals’ products and fresh meals among consumers over the assessment period, the propionate market is expected to experience substantial growth. The benefits of a long-term supply of raw materials would come from improvements in research and innovation for propionic acid production. As time-pressed consumers embrace the convenience of freezers and microwave cooking, the demand for processed and ready-to-eat goods like toast, burgers, pizzas, hot dogs, cakes, and other comparable products is rising global scale. Such requirements are anticipated to benefit preservatives like calcium propionate shortly. Furthermore, customers place a high value on the durability and quality of the products they purchase. Artificial GRAS preservatives are now a necessary component of the baking sector. As a result of being deemed GRAS by the FDA and being a commercially viable and secure alternative for all manufacturers, sodium propionate has emerged as the preferred preservative for bakery goods. In the following period, it is projected that increasing technological advancements in the production of calcium propionate will create new market opportunities. Calcium propionate is frequently used as a preservative in beauty products to stop decomposition and maintain the pH of personal care products. Future years are expected to see increased demand for propionate due to the expanding beauty and personal care products market. Due to its high calcium concentration, calcium propionate helps food products retain their nutritious value while preserving food. With veganism and plant-based diets gaining popularity, customers are gravitating toward eating vegan dishes, further encouraging the use of calcium hydroxide since it is seen as a vegan ingredient. For instance, Swiss cheese contains up to 1% of the natural calcium propionic acid. Similar to this, commercial calcium propionate is manufactured, making it suitable for vegans and used in various ways.

Recent Market Developments:

In January 2020, Perstorp participated at IPPE 2020 which is the largest annual trade show for the poultry, meat and feed industries in the Americas on January 28 – 30 2020 at Georgia, U.S. Through this exhibition, the company aims to promote their new products among other players.

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