April 14, 2024
Sodium Acetate Trihydrate & Sodium Acetate Anhydrous Market

Sodium Acetate Trihydrate & Sodium Acetate Anhydrous Market Propelled by Rising Demand from Food Industry

Sodium acetate trihydrate and sodium acetate anhydrous are used as buffering agents, acidity regulators & acidulent in several food and beverage products including canned food, dressings, soups, bakery products etc. Sodium acetate improves texture and shelf life of products. It also helps control the pH of the product.

The Global Sodium Acetate Trihydrate & Sodium Acetate Anhydrous Market Size is estimated to be valued at US$ 136.98 Bn in 2024 and is expected to exhibit a CAGR of 9.5% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The rising demand from food industry has been propelling the growth of sodium acetate trihydrate & sodium acetate anhydrous market. Sodium acetate finds wide ranging applications in food industry as it acts as flavor enhancer, preservative and acidity regulator which helps improve the texture and shelf life of food products. It prevents microbial growth in canned food and also controls the pH level. The increasing demand for convenience and packaged food has resulted in augmented consumption of sodium acetate in preparation of dressings, sauces, bakery products and snacks which is driving the market growth over the forecast period.

SWOT Analysis

Strength: Sodium Acetate Trihydrate & Sodium Acetate Anhydrous has wide applications in various end-use industries such as food, pharmaceuticals, and textiles.

Weakness: High manufacturing cost of sodium acetate makes it less affordable for certain applications.

Opportunity: Growth in the food processing industry is expected to drive the demand for sodium acetate.

Threats: Stringent regulations regarding the use of chemicals may hamper the growth of the market.

Key Takeaways

The global Sodium Acetate Trihydrate & Sodium Acetate Anhydrous market is expected to witness high growth. The global Sodium Acetate Trihydrate & Sodium Acetate Anhydrous Market is estimated to be valued at US$ 136.98 Bn in 2024 and is expected to exhibit a CAGR of 9.5% over the forecast period 2024 to 2031.

Regional analysis

Asia Pacific is expected to dominate the global market and witness highest growth during the forecast period. Rapidly growing industries such as food processing in countries such as China and India are fueling the demand growth.

Key players

Key players operating in the Sodium Acetate Trihydrate & Sodium Acetate Anhydrous are Abb, Hawkins, Anthropic, Spectrum Chemical, Changshu Nanhu Chemical, Shane Chemicals, Shanxi Taiyi Food Additives, and Niacet Corporation.

*Note:
1.Source: Coherent Market Insights, Public sources, Desk research
2.We have leveraged AI tools to mine information and compile it