Sodium Acetate Market Size, Share Report, Analysis, Growth, 2032

Sodium Acetate Market Size: 

The global sodium acetate market size was worth around USD 151.28 million in 2023 and is predicted to grow to around USD 299.89 million by 2032 with a compound annual growth rate (CAGR) of roughly 7.90% between 2024 and 2032. 

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The study provides historic data of 2018 to 2022 along with a forecast from 2024 to 2032 based on volume (Million Tons) and revenue (USD Million).

Sodium Acetate Market: Overview

Sodium acetate (CH3COONa) is a sodium salt of acetic acid, commonly used in several applications due to its buffering capacity, mild flavoring properties, and role as a reactant in various chemical processes. Its primary forms include sodium acetate anhydrous and sodium acetate trihydrate.

The sodium acetate market is experiencing notable growth, driven by its diverse applications across various industries, including food, pharmaceuticals, textiles, and chemicals. The rising consumption of processed foods and the need for effective preservatives to extend shelf life are major drivers for the sodium acetate market in the food industry.

The report covers forecast and analysis for the global sodium acetate market on a global and regional level. The research report presents a comprehensive valuation of the market, competition, opportunities, emerging trends, and industry-validated market figures.

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The global sodium acetate market has witnessed substantial growth in recent years. The sodium acetate market is expected to grow at a double-digit CAGR within the forecast period. There is immense scope in the sodium acetate market owing to a variety of applications and growing demand in the market. This chemical compound is highly utilized as a preservative, flavoring, and emulsifier agent in dairy products, chips, cheese, poultry, meat, and other edibles.

They are being used in the medical, food, textile, health, and beauty industries. Owing to supply chain issues, the shelf life of the concerned product gets affected. To prevent the shelf life, sodium acetate is used as a preservative which bolsters the sodium acetate demand in the food preservative industry. The global sodium acetate market growth relatively depends on the medical, food, and preservative industries.

Sodium Acetate Market: Growth Factors

The major drivers that are boosting the industry are consumer preference, changes in lifestyle, and per capita income. Most of consumers have shifted their preferences to processed food due to the maximum time required for food preparation. Moreover, the per capita income level has increased, which has impacted the lifestyle . People are spending their disposable income on clothing.

These reasons have an enormous positive impact on the growth of textile and preservative industries which ultimately surged the sodium acetate market. For an instant, sodium acetate is used as buffering and pickling agent in the leather and textile industry.

There is a significant rise in demand for the food industry for the preservation of dairy products which is expanding the Sodium acetate market. Some of the factors which might hamper the growth of the Sodium acetate market are the availability of substitutes and health issues. For instant, Sodium citrate can be used as a substitute for Sodium acetate which is an antioxidant and anticoagulant. Extensive use of Sodium acetate can cause health issues.

Sodium Acetate Market: Segmentation

The global sodium acetate market has been categorized on the basis of product and end-use.

Based on the product, the sodium acetate market has been bifurcated into trihydrate sodium acetate and anhydrous sodium acetate. The trihydrate sodium acetate market is huge compared to anhydrous sodium acetate due to pricing factors. The Trihydrate sodium acetate is cheap with reference to anhydrous sodium acetate.

Sodium acetate has its end use in the leather and textile, food, and pharmaceutical industries.

Sodium Acetate Market: Report Scope

Global Sodium Acetate Market: Competitive Insights

Key players influencing market growth and profiled in the report are 

• N. B. Enterprise
• Palsgaard
• Foodchem International Corporation
• Estelle Chemicals Pvt. Ltd.
• Parchem Fine & Specialty Chemicals
• Changshu Nanhu Chemical
• Lonza
• Zhongwang Additives
• Cayman Chemical
• Karn Chem Corporation
• American Elements
• Spectrum Chemical Manufacturing Corporation
• Sisco Research Laboratories.

This report segments the global sodium acetate market as follows:

Global Sodium Acetate Market: Product Segment Analysis

• Trihydrate
• Anhydrous Sodium Acetate

Global Sodium Acetate Market: End-User Analysis

• Leather and Textile Industry
• Food Industry
• Pharmaceutical Industry

Global Sodium Acetate Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa