GVR Report cover Sodium Nitrite Market Size, Share & Trends Report

Sodium Nitrite Market Size, Share & Trends Analysis Report By Application (Food & Beverages, Pharmaceuticals), By Region (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa), And Segment Forecasts, 2021 - 2028

  • Published Date: Dec, 2021
  • Base Year for Estimate: 2020
  • Report ID: GVR-4-68039-690-4
  • Format: Electronic (PDF)
  • Historical Data: 2017 - 2019
  • Number of Pages: 80

Report Overview

The global sodium nitrite market size was valued at USD 366.2 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.7% from 2021 to 2028. The demand for sodium nitrite is anticipated to be driven by its utilization in meat curing application. The product is obtained from mines as well as chemical synthesis in laboratories. The demand for sodium nitrite is also majorly fueled by the rising demand for processed meat products such as seafood, sausages, ham, and bacon.

U.S. sodium nitrite market size, by application, 2018 - 2028 (USD Million)

Sodium nitrite, used as food preservatives for meat processing and preservation processes, imparts the reddish color of the meat. The growing development of the meat processing industry and awareness regarding alternative preservatives such as sodium nitrite is likely to fuel the demand over the forecast period.

The product also acts as an antiozonant and antioxidant used in the rubber industry. It is further used as a polymer inhibitor for synthetic rubbers. The growing rubber industry is thus likely to propel the demand for sodium nitrite over the coming years.

Other applications of sodium nitrite include the manufacturing processes of dyes, diazo chemical compounds, and others. Sodium nitrite is approved by the U.S. and the European Union in the form of preservatives. The product is available in various grades, namely, food-grade, anti-caking technical grade, technical grade, and others.

Application Insights

The food and beverages segment dominated the sodium nitrite market with a share of 66.8% in 2020. This high share is attributable to the rising demand for food preservatives in the food processing industry. In the meat industry, the product not only acts as a pigment inhibitor but also as an antimicrobial, thereby limiting the development of foodborne pathogens.

Global sodium nitrite market share, by application, 2020 (%)

The product is used with sodium thiosulfate for the treatment of cyanide poisoning. It is also majorly used as a pharmaceutical preservative and raw material in medicinal formulations such as eye drops. Since the product contains nitrogen, it may be used as a control compound in several medicines. Sodium nitrite has the capability to suppress the harmful bacteria in food products and used as a legal preservative. The product is also considered as a multifunctional food additive owing to it characteristics such as flavor and color.

Regional Insights

Asia Pacific dominated the market with a share of 70.41% in 2020 and is anticipated to expand at a CAGR of over 5.0% over the forecast period. The growth of the segment is attributed to the expanding meat processing industry and a large number of manufacturers in China are responsible for driving the demand for sodium nitrite in the Asia Pacific region.

Asia Pacific is the largest region accounting for more than 45% of the total meat production followed by North America and Europe. China holds the lion’s share in the meat production industry accounting for more than 80% in the Asia Pacific region. Further, this industry will be predominantly driven by developing countries which are expected to account for more than 87% of the total meat production which in turn will propel the demand for sodium nitrite in meat processing application.

Countries including China, India, Japan, Thailand, Vietnam, Malaysia, the Philippines, and Indonesia are expected to be the major consumers of the product and responsible for the growth of the market in the Asia Pacific region. With the growing and changing trends of the food industry and growing consumer acceptance of processed food in countries like China, India, Japan, and others is likely to bolster the demand for the product.

Multiple regulations are restricting the use of chemically derived products in food and beverages specifically in the Europe and North America regions. Regulations have been established by the government bodies owing to associated health concerns. This is expected to further strengthen the demand for natural sources of sodium nitrite such as celery, lettuce, and other vegetables in North America and Europe over the forecast period.

Key Companies & Market Share Insights

The global market for sodium nitrite is highly fragmented with the presence of large number of manufacturers. In the Asia Pacific region, China is the major producer of the product with the presence of large manufacturers across the country. Through these operational integrations, manufacturers are trying to reach out to potential consumers of sodium nitrite across the globe. The global marketplace is likely to exhibit substantial competition among the existing players to sustain in the market. Some of the prominent players operating in the global sodium nitrite market are:

  • BASF SE

  • OSTCHEM

  • Weifang Haiye Chemistry And Industry Co. Ltd.

  • Deepak

  • URALCHEM JSC

  • Hualong Nitrite Limited

  • Linyi Luguang Chemical Co., Ltd

  • Radiant Indus Chem Pvt Ltd

  • Planet Chemicals Pte Ltd

Sodium Nitrite Market Report Scope

Report Attribute

Details

Market size value in 2021

USD 404.0 million

Revenue forecast in 2028

USD 529.9 million

Growth Rate

CAGR of 4.7% from 2021 to 2028

Base year for estimation

2020

Historical data

2017 - 2019

Forecast period

2021 - 2028

Quantitative units

Revenue in USD million, volume in kilotons, and CAGR from 2021 to 2028

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Application, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope

U.S.; Canada; Mexico; Germany; U.K.; France; China; India; Japan; Brazil; Argentina; South Africa; Saudi Arabia

Key companies profiled

BASF SE; OSTCHEM; Weifang Haiye Chemistry And Industry Co., Ltd; Deepak; URALCHEM JSC; Hualong Nitrite Limited; Linyi Luguang Chemical Co., Ltd; Radiant Indus Chem Pvt Ltd; Planet Chemicals Pte Ltd.

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Segments Covered in the Report

This report forecasts the volume and revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2028. For this study, Grand View Research has segmented the global sodium nitrite market report based on application and region:

  • Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

    • Food & Beverages

    • Pharmaceuticals

    • Others

  • Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • U.K.

      • France

    • Asia Pacific

      • China

      • India

      • Japan

    • Central & South America

      • Brazil

      • Argentina

    • Middle East & Africa

      • Saudi Arabia

      • South Africa

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