Agriculture Segment to Witness Significant Growth in Sodium Propionate Market, owing to Increasing Demand for Food

Sodium propionate is the sodium salt of propionic acid. It is used as a food preservative and is represented by the food labeling E number E281 in Europe. Because of its glucogenic effect, sodium propionate is theoretically a suitable treatment in metabolic and endocrine diseases. Sodium propionate prevents the growth of the bacteria and molds on the baked food products, cheese products, and processed food products.

Market Dynamics 
Among end-use industries, the agriculture segment is expected to witness significant growth in the sodium propionate market, owing to increasing demand for food. For instance, according to Food and Agriculture Organization, worldwide food demand is expected to increase by 70% by 2050. Moreover, the cosmetic segment is expected to witness significant growth, owing to increasing focus on asthetic appeal among men. For instance, according to a 2018 survey by Global Data, around three quarters of South Korean men undertake a beauty or grooming treatment at least once a week.Among end-use industries, the agriculture segment is expected to witness significant growth in the sodium propionate market, owing to increasing demand for food. 

For instance, according to Food and Agriculture Organization, worldwide food demand is expected to increase by 70% by 2050. Moreover, the cosmetic segment is expected to witness significant growth, owing to increasing focus on asthetic appeal among men. For instance, according to a 2018 survey by GlobalData, around three quarters of South Korean men undertake a beauty or grooming treatment at least once a week.


 

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