Future Market Insights
The demand within the global potassium propionate market has been rising on account of advancements in the field of chemical research, testing, and experimentation. Potassium propionate comes in handy during a number processes within the food industry. This factor has also given an impetus to the growth of the global potassium propionate market. A potassium salt of propanoic acid, this compound exhibits distinct physical and chemical properties. Hence, the global potassium propionate market is expected to keep escalating in lieu of advancements in chemical research. 3D models of potassium propionate are extensively studied for a number of reasons, and this factor has also given an impetus to the growth of the global potassium propionate market. The revenue index of the global potassium propionate market is projected to accumulate voluminous revenues in the years to follow.
The use of potassium propionate as a food preservative is also a key consideration while gauging market growth. The presence of a stellar food industry necessitates the presence of effective preservatives. Furthermore, the high melting point of potassium propionate also gives it a mark of supremacy over several other compounds. This factor is also a key dynamic of growth within the global potassium propionate market.
Based on geography, the global potassium propionate market has been making rapid strides across Asia Pacific. This owes to the large-scale manufacturing of potassium propionate in India, and the presence of a well-performing chemical industry. Other regional segments for potassium propionate market are North America, Europe, the Middle East and Africa, and Latin America.
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.
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: Segmentation
On the basis of end-use, potassium propionate market is segmented into:-
Food & Beverages
On the basis of application, potassium propionate market is segmented into:-
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:
A.M Food Chemcial Co., Limited.
HJTEC International Limited
Tokyo Chemical Industry Co., Ltd. (TCI)
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