Propionate Market Business Strategies, Growth Analysis,

According to Precision Business Insights (PBI), the latest report, the propionate market is expected to be worth $1 billion in 2022, growing at a CAGR of 3.5% from 2022 to 2028. The use of propionate salts has recently driven by changing consumer lifestyles. and growing health problems. Most of its applications are as preservatives in baked goods, including bread, processed meat, baked goods, and dairy products. Calcium Propionate works as an antibacterial agent to kill microorganisms like bacteria, algae, viruses, and fungi. In the meat sector, sodium propionate is the ideal candidate for an integral food preservative due to its economic viability and its effectiveness as a bactericide and mold inhibitor. The market is witnessing an increase in demand for sodium propionate due to growing consumer demand for high quality meat products and stricter food safety regulations in many jurisdictions. The global rise in disposable income has led to a change in consumer choices. Both developing and developed countries have seen an increase in the per capita cost of food and beverages.

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Calcium Propionate Industry Segment to Dominate the Propionate Market:
The calcium propionate segment is expected to account for a larger revenue share in the global propionates market, with value share across the globe. It is expected to grow at a CAGR of 3.7% between 2022 and 2028. Calcium propionate is a common food preservative that prevents bacteria from growing and reproducing, thereby extending the shelf life of foods. It is a component of many edible products, including bread, tortillas, pizza dough, pastries, breakfast cereals, pasta, noodles, powdered and condensed milk, flavored milk, dairy spreads, cheese, some processed meats, some processed dairy products, eggs, fruit and vegetable products, and fat-based desserts such as puddings, icings, and confections. Additionally, calcium propionate is used as a preservative in sports drinks, diet meals, and beverages.

Asia-Pacific Propionates Market:
The Asia-Pacific market is expected to rise in the global propionates market over the forecast period. It is expected to grow at a CAGR of 3.9% in the coming years. The demand for propionate from the medical and pharmaceutical industries is increasing due to the expansion of the pharmaceutical industry in Asia-Pacific. Additionally, countries like China and India are driving the market demand in the Asia-Pacific region owing to the growing demand for animal feeds. The need for foods of animal origin has grown rapidly around the world, and commercial cattle farming and related food chains have been able to meet this growing demand.

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Strategic new product launches, mergers, acquisitions, and agreements are the major strategies adopted by market players:
The global propionates market further reveals that major players are increasingly adopting strategies such as new product launches, product launches, and long-term alliances to enhance market revenue share and gain geographic presence significant in the region.

Detailed segmentation
The propionates market is segmented on the basis of salt, form, application and geography.
On the basis of salt, the market is segmented as follows:
• Sodium propionate
• Calcium propionate
• Potassium propionate

Based on the form, the market is segmented as follows:
• Dry
• Liquid

Based on Application, the market is segmented as follows:
• Feed
• Pharmaceutical products
• Agriculture
• Food preservative
• Mold inhibitor
• Antimicrobial agents
• Fungicides
• Aroma
• Cosmetics

Application Methodology:

The profiles of key players in the Propionates market report are Perstorp Holdings AB, Niacet Corporation, Macco Organiques Inc., AB Mauri, Kemira Oyj, Krishna Chemicals, Fine Organics and AM Food Chemicals Co. Ltd.

Mr Satya
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This press release was published on openPR.

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