Sodium Diacetate Market Outlook
According to a new report by Expert Market Research titled, “Global Sodium Diacetate Market Share, Size, Analysis, Report and Forecast 2023-2028″, the global sodium diacetate market is projected to grow at a CAGR of 6% between 2023 and 2028. Aided by the rising demand for food preservatives and the broadening applications of sodium diacetate across various industries, the market is expected to grow significantly by 2028.
Sodium diacetate is a sodium salt of acetic acid and is extensively used as a food additive and preservative. It is popular in the food industry, particularly in bakery goods, processed meats, and confectionery, where it extends shelf life and enhances flavour. Additionally, it exhibits mould-inhibitory properties, making it a preferred choice in the food and feed industries. Beyond its preservative characteristics, sodium diacetate finds application in various industrial processes, including petroleum production, textile dyeing, and photographic chemicals production, due to its buffering and chelating abilities.
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The increasing consumer preference for long-lasting, flavourful food products is a primary driver of the global sodium diacetate market growth. With growing consciousness of food wastage and the subsequent shift towards food items with extended shelf life, there has been a surge in demand for sodium diacetate-based products. Moreover, the rising trend of convenience and packaged foods have further contributed to the increasing popularity of sodium diacetate, as it is a key ingredient in the preservation and taste enhancement of these food items.
The expanding applications of sodium diacetate in multiple industries play a significant role in boosting the sodium diacetate market development. In the petroleum industry, sodium diacetate is used as a corrosion inhibitor. The textile industry utilises sodium diacetate as a dye fixative, while the photography sector uses it in developing solutions. Furthermore, it is used in the animal feed industry as a microbial inhibitor, thereby improving the quality and safety of animal feed.
Moreover, the growing demand for natural and safe preservatives in the food and beverage industry have led to an increased focus on sodium diacetate as a viable additive. With rising consumer awareness about synthetic preservatives and the subsequent popularity of natural, safer alternatives, sodium diacetate has emerged as an essential component in the formulation of various preserved food items, driving the sodium diacetate market expansion.
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Sodium Diacetate Market Segmentation
The market can be divided based on form, application, and region.
Market Breakup by Form
- Food Grade
- Non-Food Grade
Market Breakup by Application
- Food and Beverages
- Cosmetics and Personal Care
- Animal Feed
- Agrochemicals
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global sodium diacetate companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Macco Organiques Inc.
- Niacet Corporation
- Spectrum Chemical Manufacturing Corp.
- Aakash Manthan Industries
- Others
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