[309 Pages Report] The global sodium nitrite market is valued to be worth USD 401.76 million in 2022 and is expected to grow at a CAGR of 4.3%over the forecast period. The sodium nitrite market future trends are expected to be driven by its increasing demand for sodium nitrite in meat curing applications which in turn intensifies the sales of sodium nitrite, also surging the sodium nitrite market key trends and opportunities.
| Attributes | Details |
|---|---|
| Sodium Nitrite Market CAGR (2022-2032) | 4.3% |
| Sodium Nitrite Market Size (2022) | USD 401.76 million |
| Sodium Nitrite Market Size (2032) | USD 612.09 million |
Furthermore, the rising demand for processed meat products is fueling the sodium nitrite market expansion. The sodium nitrite is used in a variety of industries, including pharmaceuticals, food and beverage, and textiles.
The COVID-19 pandemic increased demand for sodium nitrite because research and development suggested its innovative use in treating coronavirus-caused lung injuries. This has increased the product's use in the pharmaceutical industry, driving the sodium nitrite market future trends and also escalating the sodium nitrite adoption trends.
The sodium nitrite market is fragmented, with the majority of sodium nitrite market manufacturers and major sodium nitrite market players based in Asia Pacific.
It is used as a preservative, particularly in the meat processing industry, because it serves as a colour fixative and inhibits the growth of harmful bacteria, rendering the meat safe to consume. The pharmaceutical industry's involvement in research and development has increased the demand for sodium nitrite over the years, resulting in the high sales of sodium nitrite. Its most recent application was to treat coronavirus-induced lung damage accelerates the sodium nitrite market key trends and opportunities.
However, the demand for sodium nitrate had risen as a result of the COVID, as consumers seemed natural and healthy foods. As a result, the demand for sodium nitrate has increased in recent years. This, in turn, has contributed to the strengthening of sodium nitrite market opportunities and sodium nitrite market expansion
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The growing demand for sodium nitrite along with organic products has prompted small-scale farmers in developing economies to adopt organic farming practises which also surges the sales of sodium nitrite. Sodium nitrite market growth is particularly strong in emerging economies such as China, India, and Argentina, owing to growing farmer awareness of the dangers of chemical fertilisers also surging the sodium nitrite market key trends and opportunities.
In these countries, significant investments are being made in organic production in order to transition away from conventional farming practises. Organic packaged food products had a sizable sodium nitrite market in Asia-Pacific, particularly in Japan and South Korea.
However, significant sodium nitrite market opportunities have been witnessed in countries such as China and India. In such countries, the agricultural sector's focus is shifting from exports to domestic consumption. The government's encouragement of organic farming is also important resulting in the mounting of the adoption of sodium nitrite and therefore soaring the sodium nitrite adoption trends.
Excess sodium nitrate consumption causes a variety of health issues, including colorectal cancer, non-Hodgkin lymphoma, heart disease, leukaemia, and stomach, ovarian, pancreatic, esophageal, and thyroid cancers.
Some processed meats, such as jerky, bacon, and luncheon meats, contain sodium nitrate as a preservative. This can increase the risk of developing heart disease. Nitrates can also alter how the body uses sugar, potentially leading to diabetes. These health risks associated with excessive sodium nitrate use may act as a restraint on the global sodium nitrate market and may impede the sodium nitrite market future trends.
Principal Consultant
Rapid changes in consumer tastes and preferences, combined with changing lifestyles, have resulted in a high reliance on convenience snacks such as hot dogs and bacon in recent years affecting the sodium nitrite adoption trends together with sodium nitrite market opportunities.
The consumption of convenience snacks began in Western countries and has rapidly spread to other regions in turn influencing the sodium nitrite market future trends.
Due to its role in the production of diazo dyes, sodium nitrite is an important component of the textile industry. Given that the global textile industry is expected to grow steadily over the next few years, the demand for sodium nitrite majorly dying materials is expected to rise in tandem. This is expected to propel the global sodium nitrite market and sales of sodium nitrite on a higher growth trajectory during the forecast period and also boosting the sodium nitrite market trends and forecast.
In 2022, the food and beverages segment dominates the sodium nitrite market, accounting for the highest revenue of the sodium nitrite market share of 24.0%. The increased use of food additives in the poultry and meat industries is attributed to the sodium nitrite market growth. Apart from being a pigment inhibitor, the product also acts as an antimicrobial in the meat industry, limiting the growth of foodborne pathogens affecting the sodium nitrite market future trends and escalating the adoption of sodium nitrite.
A common preservative found in processed meats is sodium nitrite. It is added to meat during the curing process to keep it fresh and bacteria-free. Sodium nitrite can kill germs in meat that grow in the presence of moisture-dehydrating bacteria.
Corrosion inhibitors have been the second-largest application segment of the sodium nitrite market, with a CAGR of 4.0% predicted over the forecast period. The increase is due to the interaction of sodium nitrite with the anodic process, which aids in the reduction of corrosion rate. Long-term demand for sodium nitrite majorly corrosion inhibitors is expected to be driven by end-use industries such as oil and gas, power generation, metal processing, chemical processing, and water treatment, among others and positively impacting the sodium nitrite market opportunities.
In electrochemical grinding production processes, sodium nitrite can be used as an electrolyte. It is used in the textile industry as a bleaching agent. As sodium nitrite is also used in the production of dye colours, it is an important component of the textile industry. As the global textiles industry is expected to grow at a consistent rate over the next few years, so will the demand for dying materials constructively influencing the sodium nitrite market key trends and opportunities.
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Asia Pacific dominates the sodium nitrite market, accounting for 74.3% of revenue for the year 2022. Over the forecasted years, the segment is expected to grow at the fastest rate of 4.7%. The increase is attributed to rising demand for food-grade sodium nitrite, particularly in India, China, and Japan.
China
China is the world's largest consumer of food and beverages. Population growth and rising per capita disposable income are expected to drive growth in the food and beverage industry. Due to their hectic lifestyles, Chinese consumers' eating habits have shifted. They prefer to eat packaged foods rather than prepare their own meals. This has an escalated impact on the sodium nitrite market future trends.
India
According to the IBEF November 2022 report, India is the world's largest generic drug provider for the sodium nitrite market. India accounts for half of the world's supply of various drugs. The production of the COVID 19 vaccine has elevated India to the forefront of the pharmaceutical industry. Many top pharmaceutical companies are headquartered in India. Medicines are expected to boost the pharmaceutical market in India as manufacturing advances. This is expected to have a positive impact on demand for sodium nitrite along with the sodium nitrite adoption trends in the coming years and will witness encouraging emerging trends in sodium nitrite market.
Europe and North America
In terms of revenue, Europe held the second-largest sodium nitrite market share, accounting for more than 17.0% in 2022. Numerous regulations, particularly in North America and Europe, limit the use of chemically derived products in food and beverages. Due to the associated health concerns, government bodies have established regulations.
Over the forecast period, this is likely to increase demand for sodium nitrite sources such as lettuce, celery, and other vegetables in Europe and North America.
Deepak; Airedale Chemical Company Ltd.; BASF SE; UralChem JSC; Shijiazhuang Fengshan Chemical Co. Ltd.; Radiant Indus Chem Pvt. Ltd.; SABIC; Chemtrade Logistics are among the legacy players vendors, according to a new market research report on sodium nitrite.
Companies such as BASF SE have chosen third-party distributors to supply their products to the sodium nitrite market. The study provides a thorough competition analysis of these top competitors in the sodium nitrite market, including sodium nitrite market growth, sodium nitrite market share, sodium nitrite market key trends and opportunities, and key sodium nitrite market statistics.
Recent Development:
Many new sodium nitrite market opportunities are emerging as manufacturers invest in research and development to create more advanced sodium nitrite solutions.
Manufacturers of sodium nitrite have been increasing their production capacity to meet rising customer demand. SQM, for example, announced that it would increase its total potassium nitrate production capacity by 500,000 metric tonnes per year.
Due to product differentiation, financial stability, strategic developments, and diversified regional presence, companies such as BASF SE (Germany) and Shandong Haihua Group (China) dominate the sodium nitrite market. The sodium nitrite market players are concentrating their efforts on R&D. Furthermore, they pursue strategic sodium nitrite market growth initiatives such as expansion, product launches, joint ventures, and partnerships in order to strengthen their sodium nitrite market position and gain a large customer base.
The sodium nitrite market is highly competitive and fragmented, with no dominant players.
The sodium nitrite market is likely to secure a CAGR of 4.3% through 2032.
The sodium nitrite market is likely to record a value of USD 401.76 million in 2022.
The sodium nitrite market size is estimated to cross USD 612.09 million by 2032.
Asia Pacific is likely to lead the sodium nitrite market.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Sodium Nitrite Market Analysis 2017-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Bn) & Volume (Tons) Analysis, 2017-2021
4.2. Current and Future Market Size Value (US$ Bn) & Volume (Tons) Projections, 2022-2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Sodium Nitrite Market Analysis 2017-2021 and Forecast 2022-2032, By Application
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Bn) & Volume (Tons) Analysis By Application , 2017-2021
5.3. Current and Future Market Size Value (US$ Bn) & Volume (Tons) Analysis and Forecast By Application , 2022-2032
5.3.1. Food & Beverages
5.3.2. Corrosion Inhibitors
5.3.3. Dyes & Pigments
5.3.4. Pharmaceuticals
5.3.5. Others
5.4. Y-o-Y Growth Trend Analysis By Application , 2017-2021
5.5. Absolute $ Opportunity Analysis By Application , 2022-2032
6. Global Sodium Nitrite Market Analysis 2017-2021 and Forecast 2022-2032, By Region
6.1. Introduction
6.2. Historical Market Size Value (US$ Bn) & Volume (Tons) Analysis By Region, 2017-2021
6.3. Current Market Size Value (US$ Bn) & Volume (Tons) Analysis and Forecast By Region, 2022-2032
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. MEA
6.4. Market Attractiveness Analysis By Region
7. North America Sodium Nitrite Market Analysis 2017-2021 and Forecast 2022-2032, By Country
7.1. Historical Market Size Value (US$ Bn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021
7.2. Market Size Value (US$ Bn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032
7.2.1. By Country
7.2.1.1. U.S.
7.2.1.2. Canada
7.2.2. By Application
7.3. Market Attractiveness Analysis
7.3.1. By Country
7.3.2. By Application
7.4. Key Takeaways
8. Latin America Sodium Nitrite Market Analysis 2017-2021 and Forecast 2022-2032, By Country
8.1. Historical Market Size Value (US$ Bn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021
8.2. Market Size Value (US$ Bn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032
8.2.1. By Country
8.2.1.1. Brazil
8.2.1.2. Mexico
8.2.1.3. Rest of Latin America
8.2.2. By Application
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Application
8.4. Key Takeaways
9. Europe Sodium Nitrite Market Analysis 2017-2021 and Forecast 2022-2032, By Country
9.1. Historical Market Size Value (US$ Bn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021
9.2. Market Size Value (US$ Bn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032
9.2.1. By Country
9.2.1.1. Germany
9.2.1.2. U.K.
9.2.1.3. France
9.2.1.4. Spain
9.2.1.5. Italy
9.2.1.6. Russia
9.2.1.7. Rest of Europe
9.2.2. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Application
9.4. Key Takeaways
10. Asia Pacific Sodium Nitrite Market Analysis 2017-2021 and Forecast 2022-2032, By Country
10.1. Historical Market Size Value (US$ Bn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021
10.2. Market Size Value (US$ Bn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032
10.2.1. By Country
10.2.1.1. China
10.2.1.2. Japan
10.2.1.3. India
10.2.1.4. South Korea
10.2.1.5. Australia
10.2.1.6. Rest of APAC
10.2.2. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Application
10.4. Key Takeaways
11. MEA Sodium Nitrite Market Analysis 2017-2021 and Forecast 2022-2032, By Country
11.1. Historical Market Size Value (US$ Bn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021
11.2. Market Size Value (US$ Bn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032
11.2.1. By Country
11.2.1.1. South Africa
11.2.1.2. Saudi Arabia
11.2.1.3. UAE
11.2.1.4. Israel
11.2.1.5. Rest of MEA
11.2.2. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Application
11.4. Key Takeaways
12. Key Countries Sodium Nitrite Market Analysis
12.1. Value (US$ Bn) & Volume (Tons)ed States
12.1.1. Pricing Analysis
12.1.2. Market Share Analysis, 2021
12.1.2.1. By Application
12.2. Canada
12.2.1. Pricing Analysis
12.2.2. Market Share Analysis, 2021
12.2.2.1. By Application
12.3. Brazil
12.3.1. Pricing Analysis
12.3.2. Market Share Analysis, 2021
12.3.2.1. By Application
12.4. Mexico
12.4.1. Pricing Analysis
12.4.2. Market Share Analysis, 2021
12.4.2.1. By Application
12.5. Germany
12.5.1. Pricing Analysis
12.5.2. Market Share Analysis, 2021
12.5.2.1. By Application
12.6. U.K.
12.6.1. Pricing Analysis
12.6.2. Market Share Analysis, 2021
12.6.2.1. By Application
12.7. France
12.7.1. Pricing Analysis
12.7.2. Market Share Analysis, 2021
12.7.2.1. By Application
12.8. Spain
12.8.1. Pricing Analysis
12.8.2. Market Share Analysis, 2021
12.8.2.1. By Application
12.9. Italy
12.9.1. Pricing Analysis
12.9.2. Market Share Analysis, 2021
12.9.2.1. By Application
12.10. Russia
12.10.1. Pricing Analysis
12.10.2. Market Share Analysis, 2021
12.10.2.1. By Application
12.11. China
12.11.1. Pricing Analysis
12.11.2. Market Share Analysis, 2021
12.11.2.1. By Application
12.12. Japan
12.12.1. Pricing Analysis
12.12.2. Market Share Analysis, 2021
12.12.2.1. By Application
12.13. India
12.13.1. Pricing Analysis
12.13.2. Market Share Analysis, 2021
12.13.2.1. By Application
12.14. South Korea
12.14.1. Pricing Analysis
12.14.2. Market Share Analysis, 2021
12.14.2.1. By Application
12.15. Australia
12.15.1. Pricing Analysis
12.15.2. Market Share Analysis, 2021
12.15.2.1. By Application
12.16. South Africa
12.16.1. Pricing Analysis
12.16.2. Market Share Analysis, 2021
12.16.2.1. By Application
12.17. Saudi Arabia
12.17.1. Pricing Analysis
12.17.2. Market Share Analysis, 2021
12.17.2.1. By Application
12.18. UAE
12.18.1. Pricing Analysis
12.18.2. Market Share Analysis, 2021
12.18.2.1. By Application
12.19. Israel
12.19.1. Pricing Analysis
12.19.2. Market Share Analysis, 2021
12.19.2.1. By Application
13. Market Structure Analysis
13.1. Competition Dashboard
13.2. Competition Benchmarking
13.3. Market Share Analysis of Top Players
13.3.1. By Regional
13.3.2. By Application
14. Competition Analysis
14.1. Competition Deep Dive
14.1.1. Airedale Chemical Company Ltd.
14.1.1.1. Overview
14.1.1.2. Product Portfolio
14.1.1.3. Profitability by Market Segments
14.1.1.4. Sales Footprint
14.1.1.5. Strategy Overview
14.1.1.5.1. Marketing Strategy
14.1.1.5.2. Product Strategy
14.1.1.5.3. Channel Strategy
14.1.2. BASF SE
14.1.2.1. Overview
14.1.2.2. Product Portfolio
14.1.2.3. Profitability by Market Segments
14.1.2.4. Sales Footprint
14.1.2.5. Strategy Overview
14.1.2.5.1. Marketing Strategy
14.1.2.5.2. Product Strategy
14.1.2.5.3. Channel Strategy
14.1.3. Shijizhuang Fengshan Chemical Co. Ltd.
14.1.3.1. Overview
14.1.3.2. Product Portfolio
14.1.3.3. Profitability by Market Segments
14.1.3.4. Sales Footprint
14.1.3.5. Strategy Overview
14.1.3.5.1. Marketing Strategy
14.1.3.5.2. Product Strategy
14.1.3.5.3. Channel Strategy
14.1.4. Ural Chem JSC
14.1.4.1. Overview
14.1.4.2. Product Portfolio
14.1.4.3. Profitability by Market Segments
14.1.4.4. Sales Footprint
14.1.4.5. Strategy Overview
14.1.4.5.1. Marketing Strategy
14.1.4.5.2. Product Strategy
14.1.4.5.3. Channel Strategy
14.1.5. Linyi Luguang Chemical Co. Ltd.
14.1.5.1. Overview
14.1.5.2. Product Portfolio
14.1.5.3. Profitability by Market Segments
14.1.5.4. Sales Footprint
14.1.5.5. Strategy Overview
14.1.5.5.1. Marketing Strategy
14.1.5.5.2. Product Strategy
14.1.5.5.3. Channel Strategy
14.1.6. Radiant Indus Chem Pvt. Ltd.
14.1.6.1. Overview
14.1.6.2. Product Portfolio
14.1.6.3. Profitability by Market Segments
14.1.6.4. Sales Footprint
14.1.6.5. Strategy Overview
14.1.6.5.1. Marketing Strategy
14.1.6.5.2. Product Strategy
14.1.6.5.3. Channel Strategy
14.1.7. YingFeng Yuan Industrial Group Limited
14.1.7.1. Overview
14.1.7.2. Product Portfolio
14.1.7.3. Profitability by Market Segments
14.1.7.4. Sales Footprint
14.1.7.5. Strategy Overview
14.1.7.5.1. Marketing Strategy
14.1.7.5.2. Product Strategy
14.1.7.5.3. Channel Strategy
14.1.8. SABIC
14.1.8.1. Overview
14.1.8.2. Product Portfolio
14.1.8.3. Profitability by Market Segments
14.1.8.4. Sales Footprint
14.1.8.5. Strategy Overview
14.1.8.5.1. Marketing Strategy
14.1.8.5.2. Product Strategy
14.1.8.5.3. Channel Strategy
14.1.9. Chemtrade Logistics
14.1.9.1. Overview
14.1.9.2. Product Portfolio
14.1.9.3. Profitability by Market Segments
14.1.9.4. Sales Footprint
14.1.9.5. Strategy Overview
14.1.9.5.1. Marketing Strategy
14.1.9.5.2. Product Strategy
14.1.9.5.3. Channel Strategy
15. Assumptions & Acronyms Used
16. Research Methodology
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Sodium Nitrite Market
