Sodium Nitrite Market Accounted For USD 580.8 Million By 2030Posted by Neha Bora on October 27th, 2023 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
Sodium Nitrite Market Report Scope
List of Key Players in the Sodium Nitrite Market
Access Press Release of Sodium Nitrite Market @ https://www.grandviewresearch.com/press-release/global-sodium-nitrite-market Like it? Share it!More by this author |