Sodium Acetate Market will show exponential growth till 2024, Escalation in consumption of packed and ready-to-eat food

Oct 1, 2019

Asia Pacific Sodium Acetate Market is predicted to grow significantly in the coming years.

Sellbyville, United States - October 1, 2019 /MarketersMedia/ —

Sodium Acetate Market growth will be driven by escalation in consumption of packed and ready-to-eat food. 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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Sodium acetate, also known as sodium ethanoate, is the sodium salt of acetic acid. It is used in various end-user industry including food, leather & textile, medical & pharmaceutical, etc. The upward trend in leather & textile market due to changing lifestyle, higher disposable income, and favorable demographic will spur the product market by the end of forecast period. Sodium ethanoate is used to neutralize sulfuric acid present in waste water in the leather & textile industry. It is also used to facilitate dye and act as a mordant in dying process. In cotton processing industry, the product is used to eliminate the static charge developed on cotton fabric. Increasing investment and schemes in leather & textile industry by the government will propel the product sodium acetate market growth.

Concurrently, sodium acetate market has found a major foothold in the global dairy sector, as the chemical is being utilized as an emulsifier and preservative in numerous dairy products. Apart from being widely used in condensed milk, sour cream, buttermilk, whey-based yogurts and drinks, sodium acetate has emerged as a preferred preservative in cheese preparations such as processed cheese, ripened cheese, cheese analogues, and processed cheese. In view of the rapid advancement of the global dairy sector, the growing prominence of sodium acetate as a preservative in the overall dairy industry is likely to impel the sodium acetate market size expansion.

Asia Pacific Sodium Acetate Market is predicted to grow significantly in the coming years, as the expansion of numerous end-use verticals in this region has been much more pronounced when compared to other developing economies. For instance, sodium acetate is regarded as one of the most popular preservatives in Japan with the total demand for the chemical, as per reliable sources, being a humongous 3,500 tonnes. Apparently, such statistics demonstrate the necessity of sodium acetate across various verticals in the Asia Pacific region. For the record, Asia Pacific sodium acetate industry is estimated to have apportioned more than 55% of the total revenue share of this business space in 2016.

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

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.

Thus, the rising significance of sodium acetate in the global food processing sector can be validated from the aforementioned declarations. In fact, as per the research report compiled by Global Market Insights, Inc., food processing vertical accounted for more than USD 26 million of the revenue share of the total sodium acetate market size in the year 2016.

Glimpse of Table of Content (ToC)

Chapter 4. Sodium Acetate Market, Product By End-User

4.1. Global sodium acetate market share by product, 2016 & 2024

4.2. Trihydrate

4.2.1. Sodium acetate market estimates and forecasts, by end-user, 2013 – 2024

· Leather & textile

· Food

· Medical & pharmaceuticals

· Others

4.2.2. Market estimates and forecasts by region, 2013 – 2024

4.3. Anhydrous

4.3.1. Market estimates and forecasts, by end-user, 2013 – 2024

· Leather & textile

· Food

· Medical & pharmaceuticals

· Others

4.3.2. Market estimates and forecasts by region, 2013 – 2024

Chapter 5. Sodium Acetate Market, By End-user

5.1. Global sodium acetate market share by end-user, 2016 & 2024

5.2. Leather & textile

5.2.1. Market estimates and forecasts, 2013 - 2024

5.2.2. Market estimates and forecasts by region, 2013 – 2024

5.3. Food

5.3.1. Market estimates and forecasts, 2013 - 2024

5.3.2. Market estimates and forecasts by region, 2013 – 2024

5.4. Medical & pharmaceuticals

5.4.1. Market estimates and forecasts, 2013 - 2024

5.4.2. Market estimates and forecasts by region, 2013 – 2024

5.5. Others

5.5.1. Market estimates and forecasts, 2013 - 2024

5.5.2. Market estimates and forecasts by region, 2013 – 2024

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/sodium-acetate-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.

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Website: https://www.gminsights.com/pressrelease/sodium-acetate-market

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Release ID: 88924445

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