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Sodium Acetate Market trends will be driven by significantly growing demand in the processed food industry by 2024

Author : Ronak Bora | Published Date : 2019-03-13 

Global Market Insights, Inc. adds new Sodium Acetate Market report which provides in-depth information about Industry overview, top vendors, Key market highlights, product types, drivers, challenges, trends, industry landscape, size and forecast.

The escalation in consumption of packed and ready-to-eat food will enhance the sodium ethanoate market growth. The global packed food sales registered nearly USD 2.5 trillion in 2016 and will witness healthy growth in coming years. Sodium acetate is used as an emulsifier, preservative to increase the shelf life of food product. Additionally, it is used to enhance flavor and as a buffer to maintain the pH level of the packed food. Increasing population is treading towards sedentary lifestyle due to which demand for packed meals has augmented significantly, considering that the lure of not requiring preparing meals from scratch after a busy day is way too tempting. Taking the advantage of current economic and social trend, packed and frozen food will witness a sharp growth over next few years. This will lead to increase in use of sodium ethanoate which will drive the product market in next seven years down the line.

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Primary hindrance to the growth of sodium acetate market is the availability of substitute products. The use of sodium citrate in place of sodium acetate in food product owing to its anti-inflammatory, biocompatibility properties will hamper the sodium acetate market. Moreover, sodium ethanoate increases the plasma content in human body and leads to hemodynamic instability and acidosis which will act as a restraining factor to the sodium ethanoate market.

Availability of various substitute products is one of the key restraining factor for sodium acetate market growth over the forecast period. Sodium citrate can replace sodium acetate in dialysis fluid and widely used as anticoagulant and antioxidant. The biocompatibility of sodium citrate is higher as compared to sodium acetate, since it is a natural metabolite with anti-inflammatory properties. Thus, these factors will restrict the sodium acetate industry growth in future.

Sodium acetate market has been fragmented on the basis of end-user, product and region. The product segment includes trihydrate and anhydrous sodium acetate. Among these, trihydrate product will hold around two third of the total sodium acetate market throughout the forecast span. Trihydrate form is less expensive than anhydrous and also finds its usage in leather & textile and other end-user industries owing to its excellent hydrophilic, pH controlling and other features.

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Asia Pacific and North America’s sodium acetate market will be the most notable regional markets with more than 70% of the total industry over the forecast period. Asia Pacific will account for around USD 120 million growing with the substantial CAGR in future. Significant production, availability of raw materials, and low labor cost along with highly mature textile and food processing industries in this region will promote the Asia Pacific industry growth in forecast period, which in turn will positively influence the entire sodium acetate market growth. High demand from the medical & pharma industries will boost the industry growth in North America and in terms of revenue the region will account for over USD 45 million by 2024.

The major participants of the market are Sisco Research Laboratories, Daito Chemical, Tokyo Chemical Industry (TCI), Gelest Inc., Spectrum Chemical, Lonza, Cayman Chemical, and American Elements.

Browse key industry insights spread across 150 pages with 176 market data tables & 29 figures & charts from the report, “Sodium Acetate Market” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/sodium-acetate-market

Sodium acetate market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2024, for the following segments:

Sodium Acetate Market, Product by End-User

  • Trihydrate
    • Leather & textile
    • Food
    • Medical & pharmaceuticals
    • Others
  • Anhydrous
    • Leather & textile
    • Food
    • Medical & pharmaceuticals
    • Others

Sodium Acetate Market by End-User

  • Leather & textile
  • Food
  • Medical & pharmaceuticals
  • Others

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Indonesia
    • Malaysia
    • South Korea
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • South Africa
    • GCC

 

Browse Related Report @ https://www.gminsights.com/industry-analysis/hydrazine-hydrate-market

 

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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