Sodium Nitrite Market Segment Analysis By Application, Region And Forecast Till 2030: Grand View Research Inc.

San Francisco, 27 Oct 2023: The Report Sodium Nitrite Market Size, Share & Trends Analysis Report By Application (Food & Beverages, Pharmaceuticals, Others), By Region, And Segment Forecasts, 2023 – 2030

The global sodium nitrite market size is expected to reach USD 580.8 million by 2030, as per a new report by Grand View Research, Inc. registering a CAGR of 4.2% from 2023 to 2030. The demand is attributed to the increasing demand for preservatives in the food & beverage industry. Preservatives help increase food items’ shelf-life by delaying the spread of pathogens and microorganisms. Thus, sodium nitrite is highly used to enhance the flavor of meat and maintain its original color (making it look more appealing and presentable to consumers), while preventing bacterial growth.

In the pharmaceutical sector, sodium nitrite is a well-known chemical molecule. Its most common application is as an antidote for cyanide poisoning, as it is quite effective even in severe cases. It is used in the production of saccharin and caffeine and is commonly utilized as a raw material and preservative in pharmaceutical formulations like eye drops. Since sodium nitrite contains nitrogen, the product can be utilized as a control agent in a variety of medicines. It is also utilized as a butadiene antifoaming agent and a raw material for aminopyrine and sulpyrine antipyretic analgesics. Thus, multiple applications of the product in the pharmaceutical industry indicate that the growth of this industry is expected to drive the demand for pharmaceutical-grade sodium nitrite in the coming years.

The growing consumer acceptance of processed food in countries like China, India, Japan, and others is likely to bolster the demand for the product in the Asia Pacific. China is the world’s largest consumer of food and beverages. The processed meat market of China majorly includes beef, pork, poultry, mutton, and others, which require the use of sodium nitrite as a preservative, thus driving the demand for the product market.

Access Research Report of Sodium Nitrite Market @ https://www.grandviewresearch.com/industry-analysis/sodium-nitrite-market-report

Sodium Nitrite Market Report Highlights

• Food & beverages application accounted for the largest market revenue share of over 66% in 2022. The growth is attributed to the increasing demand for the product as a preservative in processed meat and other food items
• The pharmaceuticals segment was the second-largest application and is predicted to attain a CAGR of 4.7% over the forecast period, owing to its ability to act as a raw material or control agent for the development of several medicines used for treating muscular dystrophy, neurotransmission imbalances, epilepsy, and others
• Asia Pacific dominated the regional segment with a revenue share of over 71% in 2022 due to the growth of the meat processing and food & beverage industries in the region
• The increase in population and rising per capita disposable income drive the food and beverage market. According to a China Chamber of Commerce article published in 2020, the beverage market which includes drinks, vegetable juices, and fruits generated revenue of USD 39,330 million, thus driving the demand for the product in the country
• Europe accounted for the second largest market share of over 16% in 2022 due to the changing consumer preference toward processed food over cooked food in the region. In the European Union (EU), sodium nitrite is approved as a food additive and is used to prevent microbial growth in meat, cheese, and fish products as it helps to improve the flavor while protecting it against botulism

Sodium Nitrite Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 433.3 million
Revenue forecast in 2030	USD 580.8 million
Growth Rate	CAGR of 4.2% from 2023 to 2030
Base year for estimation	2022
Historical data	2018 – 2021
Forecast period	2023 – 2030

List of Key Players in the Sodium Nitrite Market

• Deepak Nitrite Ltd.
• Airedale Chemical Company Ltd.
• BASF SE
• Shijizhuang Fengshan Chemical Co., Ltd.
• Ural Chem JSC
• Linyi Liguang Chemical Co., Ltd.
• Radiant Indus Chem Pvt. Ltd.
• Yingfengyuan Industrial Group Limited
• SABIC
• Chemtrade Logistics

Access Press Release of Sodium Nitrite Market @ https://www.grandviewresearch.com/press-release/global-sodium-nitrite-market

Sodium Nitrite Market In-Depth Research On Basis By Application, Region And Forecast To 2030 : Grand View Research Inc.

San Francisco, 19 Dec 2022: The Report Sodium Nitrite Market Size, Share & Trends Analysis Report By Application (Food & Beverages, Corrosion Inhibitors, Pharmaceuticals), By Region, And Segment Forecasts, 2022 – 2030

The global sodium nitrite market size is expected to reach USD 557.5 million by 2030, as per the new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 4.3% over the forecast period. The demand is attributed to the increasing demand for preservatives in the food and beverage industry. Preservatives are used to increase the shelf-life of food items by retarding the spread of microorganisms and pathogens.

The product is a popular additive in the food industry, especially the processed meat industry. It is commonly used to improve meat flavor and keep the original color of the meat (to make it more presentable and appealing to consumers). It also functions as an antioxidant and antibacterial, preventing the formation of dangerous bacterial organisms that destroy the meal. It is utilized not only in meat but also in other perishable foods to keep them fresh and prevent rot.

In the pharmaceutical sector, sodium nitrite is a well-known chemical molecule. Its most common application is as an antidote for cyanide poisoning, as it is quite effective even in severe cases. Sodium nitrite is used in the production of saccharin and caffeine. It is also commonly utilized as raw material and preservative in pharmaceutical formulations like eye drops.

The growing consumer acceptance of processed food in the countries like China, India, Japan, and others is likely to bolster the demand for the product in the Asia Pacific region. China is the world’s largest consumer of food and beverages. The processed meat market of China majorly includes beef, pork, poultry, mutton, and others.

Access Research Report of Sodium Nitrite Market @ https://www.grandviewresearch.com/industry-analysis/sodium-nitrite-market-report

Sodium Nitrite Market Report Highlights

• The food and beverages application segment accounted for the largest revenue share of more than 20.0% in 2021. The growth is attributed to the increasing demand for the product as a preservative in processed meat
• The corrosion inhibitors segment was the second-largest application and is predicted to grow at a CAGR of 4.0% over the forecast period owing to its ability to reduce the corrosion rate by suppressing the anodic reaction
• The Asia Pacific dominated the regional segment with more than 70% revenue share in 2021 due to the growth of the meat processing industry in the region
• The North America region is expected to grow at a CAGR of 3.2% over the forecast period. The market is driven by the changing consumer preference toward processed food over the cooked food in the region

 List of Key Players in Sodium Nitrite Market

• Deepak
• Airedale Chemical Company Ltd.
• BASF SE
• Shijizhuang Fengshan Chemical Co., Ltd.
• Ural Chem JSC
• Linyi Liguang Chemical Co., Ltd.
• Radiant Indus Chem Pvt. Ltd.
• YingFeng Yuan Industrial Group Limited
• SABIC
• Chemtrade Logistics

Access Press Release of Sodium Nitrite Market @ https://www.grandviewresearch.com/press-release/global-sodium-nitrite-market