Discover The Sodium Propionate Market To Represent A Significant Expansion At 3.9% CAGR By 2026
Verfasser: yogesh on Thursday, 6 December 2018Persistence Market Research (PMR) delivers key insights on the global sodium propionate market in its upcoming outlook, titled, ‘Sodium Propionate Market: Global Industry Analysis 2013-2017 and Forecast 2018-2026‘. In terms of value, the global sodium propionate market is projected to register a healthy CAGR of 3.9% during the forecast period, due to various factors, regarding which, PMR offers vital insights in detail.
On the basis of application type, the food and beverages segment is expected to maintain its dominance in the sodium propionate market, with a significant CAGR of 3.9% during the forecast period. The increasing tendency for developing countries to adapt to food trends has resulted in a worldwide growth of the fast food culture. In North America alone, 34% of children consume fast food. Sodium propionate is an integral artificial preservative for processed foods and breads, which are major parts of the fast food culture. This is fueling the increasing demand for sodium propionate in the market.