Sodium Nitrite Market To Expand Industry Growth At USD 557.5 Million By 2030

 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