The new report by Expert Market Research titled, ‘Global Sodium Diacetate Market Trends, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the global sodium diacetate market, assessing the market based on its segments like forms, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
• Forecast CAGR (2021-2026): 6%
The major factor contributing to the growth of the sodium diacetate market is the changing lifestyle habits of people. More and more people are switching to processed foods as sodium diacetate has several uses such as acidity regulator, seasoning, emulsifier, and preservative. The increased use of antimicrobials such as sodium diacetate to prevent meat spoilage has increased exponentially due to the rise in the consumption of meat and meat-based products in general. Sodium diacetate is recognised as safe for use in foods by the U.S Department of Agriculture, which is further boosting the growth of the market.
Industry Definition and Major Segments
Sodium diacetate, a sodium salt of acetic acid, finds extensive applications in the food industry. It is used in the preparation of bakery, cereals, sauces, snacks, instant food, dressings, and pet food. Also, it is used in meat and meat products as an acidity regulator. The application of sodium diacetate enhances food products. The emerging applications of this ingredient in terms of preservation of food articles are expected to generate many opportunities in the coming years.
The market on the basis of form can be divided into:
• Food Grade
• Non-Food Grade
On the basis of application, the market is classified into:
• Food and Beverages
• Cosmetics and Personal Care
• Animal Feed
On the basis of regional markets, the industry is divided into:
1 North America
1.1 United States of America
2.2 United Kingdom
3 Asia Pacific
4 Latin America
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
The increased use of sodium diacetate in cheese-based and other similar products as a preservative and emulsifier is projected to propel the growth of the market in the forecast period. The growing use of sodium diacetate in processed foods as an acid regulator is also likely to boost the market growth in the forecast period. Sodium diacetate is used as an acid regulator to prevent the growth of harmful bacteria in canned fruit, vegetable, and meat, which is further propelling the market growth, especially as consumers grow more hygiene and health conscious.
Key Market Players
The major players in the market are Macco Organiques Inc., Niacet Corporation, Spectrum Chemical Manufacturing Corp., Aakash Manthan Industries, and others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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