DUBLIN, October 3, 2017 /PRNewswire/ --
The "Global Propionic Acid Market 2017-2021" report has been added to Research and Markets' offering.
The global propionic acid market to grow at a CAGR of 2.95% during the period 2017-2021.
Global Propionic Acid Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is Growing consumption of processed and packaged food products. The demand for processed food items and packaged foods is increasing due to the changing life style and rise in the disposable income of individuals. Sodium propionate and calcium propionate is widely used as a preservative and additive in processed and packaged foods to improve the shelf-life of the products. They reduce the storage cost and material handling cost. Calcium propionate is widely used in processed food items such as meat, bacon, bakery products, bread, pie crust, and cheese cakes.
According to the report, one of the major drivers for this market is Propionic acid in food preservation. Propionic acid is widely used as a preservative in animal feedstock as well as foods for human consumption. It is used as a food preservative in food grains, animal feedstock, frozen food items, and packaged food products to increase the shelf life of the product. The growing demand from the frozen food industry, as well as the pharmaceutical industry, is increasing the consumption of propionic acid globally. Over 50% of the global consumption of propionic acid is in the production of preservatives.
Further, the report states that one of the major factors hindering the growth of this market is Health hazards due to direct exposure. Propionic acid is generally recommended to be a safe product to be used as a food additive, preservative, and a flavoring agent.
- The Dow Chemical Company
- Eastman Chemical Company
- Macco Organiques
Other prominent vendors
- A.M Food Chemical
- BIOMIN Holding
- KEMIN Industries
- Krishna Chemicals
- Penta Manufacturing Company
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By Application
Part 07: Geographical Segmentation
Part 08: Decision Framework
Part 09: Drivers And Challenges
Part 10: Market Trends
Part 11: Vendor Landscape
Part 12: Key Vendor Analysis
Part 13: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/ds8c5x/global_propionic
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SOURCE Research and Markets