The sodium propionate market has been estimated to expand at a significant pace in the near future. The growth avenues in the market are attributed to the increasing application of sodium propionate in the food and beverages industry. This rising application is due to the increased emphasis on the safety of packaged food in recent years. Thus, this factor is likely to fuel the demand avenues in the sodium propionate market in the coming years.
In recent years, there has been a noticeable increase in the demand for packaged food in emerging economies around the world. The requirement for antimicrobial additives and preservatives is prominent in packaged food compared to fresh food. This factor is predicted to lead to increased consumption of sodium propionate in numerous types of packaged food. Thus, on the basis of these factors, the sodium propionate market has been projected to experience novel growth prospects throughout the forecast period.
Changing Food Habits to Stimulate Sodium Propionate Market Growth
The growing demographic of urban customers have been expected to stimulate the demand for sodium propionate during the forecast period. This rising demand is attributed to the significant contribution of urban consumers in the packaged food market. In addition to this, rapid growth in the fast-food industry across developing as well as developed economies are also estimated to bolster demand avenues in the sodium propionate market.
There has been a rapid increase in the demand for canned food, for instance, vegetables and meats have been predicted to help in the growth avenues in the sodium propionate market in the coming years.
Increasing demand for animal products, for example, dairy and meat products has also been anticipated to serve as the noticeable factor to drive the growth prospects in the sodium propionate market. This rising demand is attributed to the increasing use of sodium propionate in animal feed as an antimicrobial additive. These factors are further driving growth avenues in the sodium propionate market.