The report covers forecast and analysis for the Global Sodium Acetate Market on a global and regional level. The research report presents a comprehensive valuation of the market, competition, opportunities, emerging trends and industry-validated market figures. The study provides historic data of 2016 to 2018 along with a forecast from 2019 to 2026 based on volume (Million Tons) and revenue (USD Million).
The global sodium acetate market has witnessed to substantial growth in recent years. The sodium acetate market is expected to grow at a double digit CAGR within the forecast period. There is immense scope in sodium acetate market owing to variety of applications and growing demand in the market. This chemical compound is highly utilized as a preservative, flavouring and emulsifier agent in dairy products, chips, cheese, poultry, meat and other edibles. They are being used in medical, food, textile, health and beauty industries. Owing to supply chain issues, the shelf life of the concerned product gets affected. To prevent the shelf life, sodium acetate is used as preservative which bolsters the sodium acetate demand in food preservative industry. The global sodium acetate market growth relatively depends on the medical, food and preservative industries.
The global sodium acetate market has been categorized on the basis of product and end use. Based on product, sodium acetate market has been bifurcated into trihydrate sodium acetate and anhydrous sodium acetate. The trihydrate sodium acetate market is huge compared to anhydrous sodium acetate due to pricing factor. The trihydrate sodium acetate is cheap with reference to anhydrous sodium acetate. Sodium acetate has its end use in leather and textile, food and pharmaceutical industries.
The major drivers that are boosting up the industry are consumer preference, change in lifestyle and per capita income. Most of the consumers have shifted their preferences to processed food due to maximum time required for food preparation. Moreover, the per capita income level has increased, which has impacted the lifestyle .People are spending their disposable income on clothing. These reasons have enormous positive impact on the growth of textile and preservative industries which ultimately surging the sodium acetate market. For instant, sodium acetate is used as buffering and pickling agent in leather and textile industry. There is significant rise in demand for food industry for preservation of dairy product which is expanding the Sodium acetate market. Some of the factors which might hamper the growth of Sodium acetate market are availability of substitutes and health issues. For instant, Sodium citrate can be used as a substitute for Sodium acetate which is antioxidant and anticoagulant. Extensive used of Sodium acetate can cause health issues.
This report segments the global sodium acetate market as follows:
Global Sodium Acetate Market: Product Segment Analysis
Global Sodium Acetate Market: End-User Analysis
Global Sodium Acetate Market: Regional Segment Analysis