With increasing competitiveness in the food industry, manufacturers are continuously focusing upon new product innovations to suffice the demand for advanced food and beverage products among the consumers. Food preservatives offer an opportunistic platform for manufacturers to broaden their product offerings. They form key component of food processing. Preservatives may be found in natural or synthetic form. Propionates are widely used as preservatives in the limited permissible amounts in food products.
Potassium propionates are potassium salts of propionic acid. Potassium propionate belongs to fatty acid preservative due the presence of propionic acid as its active ingredient. Potassium propionate is widely used in bakery products to enhance their shelf life. The permissible dosage of potassium propionate to be used in bakery product is 0.3%. Apart from bakery products, potassium propionate is used as anti-roping and anti-moulding agents. Apart from chemical synthesis, potassium propionate can be naturally obtained from fermented food by bacteria such as swiss cheese.
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Global Potassium Propionate Market: Drivers and Restraints
With changing lifestyle, consumers are drifting towards convenient food options such as processed and canned food products. Thereby, influencing the growth for potassium propionate market as food preservative. Due its preservative properties, potassium propionate helps to increase the shelf life and maintain the quality of the food over the prolonged period of time. The potassium propionate exhibits properties of antimicrobial agent hence, inhibits the growth of microorganisms by retarding their process of acidification. Thereby, preventing contamination of food products. Hence, deriving the growth of the potassium propionate market. Apart from antimicrobial properties, it also helps in inhibiting the growth of molds in animal feed. Potassium propionate is more effective in inhibiting the growth of fungi rather than bacteria. Hence, is considered to be preferred choice among bakery manufacturers. Potassium propionate as form of raw materials in manufacturing of perfumes and plastic.
However, as consumers are drifting towards naturally obtained products. This may hinder the growth of potassium propionate market as it is also available in synthetic form. Moreover, artificial preservatives are associated with health hazards. Potassium propionate is also associated with certain side effects such as it may suppress the immune functions, effects digestive function and may also result in neurotoxicity among children when consumed in high dosage.
Global Potassium Propionate Market: Region wise Outlook
The global potassium propionate market is categorised into seven regions, namely, Western Europe, Eastern Europe Middle East and Africa (MEA), Asia Pacific excluding Japan (APEJ), Japan, Latin America and, North America. North America accounts for largest share of potassium propionate market. With increased consumption of processed and canned food products, demand for potassium propionate is expected to increase in North America. Asia Pacific region represents to be potential market for the growth of potassium propionate. In Asia Pacific region, Australia is regarded to capture major share of the market due to highest levels of permissible limit to be used as preservative. Thus, presenting an opportunistic platform for the potassium propionate manufactures. Europe also accounts for significant share of potassium propionate market owing to increase use of food preservatives.
Global Potassium Propionate Market: Key Players
Some of the prominent players identified in the global potassium propionate market includes:
- Triveni chemicals
- Sigma-Aldrich Co.LLC.
- A.M Food Chemcial Co., Limited.
- Aadhunik Industries
- HJTEC International Limited
- Tokyo Chemical Industry Co., Ltd. (TCI)
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and grades.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Historical Actual Market Size, 2012 – 2016
- Market Size & Forecast 2017 to 2027
- Supply & Demand Value Chain
- Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
Regional analysis for Market includes
- North America
- Latin America
- Europe
- Asia Pacific & Japan
- The Middle East and Africa
Global Potassium Propionate Market: Segmentation
On the basis of end-use, potassium propionate market is segmented into:-
- Food & Beverages
- Animal Feed
- Personal Care
- Pesticides
- Others
On the basis of application, potassium propionate market is segmented into:-
- Food preservative
- Mold inhibitor
- Antimicrobial agents
- Fungicides
- Flavoring
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Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint.
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