SODIUM ACETATE TRIHYDRATE & SODIUM ACETATE ANHYDROUS MARKET ANALYSIS

Sodium Acetate Trihydrate & Sodium Acetate Anhydrous MarketSize and Trends

Global sodium acetate trihydrate & sodium acetate anhydrous market was valued at US$ 118.9 Million in 2023, exhibiting a CAGR of 5.8% in terms of revenue, over the forecast period (2023 to 2030) to reach US$ 178.4 Million by 2030.

Global Sodium Acetate Trihydrate & Sodium Acetate Anhydrous Market - Trends

Improving Lifestyle of the Consumers

Improving lifestyle of the consumers coupled with growing awareness regarding the health is driving consumption of the product from the healthcare industry. The overall development of the economy coupled with growing supply chain of the food products is also expected to drive the market growth of sodium acetate trihydrate & sodium acetate anhydrous.

Leather & Textile was the largest end-user segment in the global sodium acetate trihydrate & sodium acetate anhydrous market in 2022, and reckoned for over 36% of the total request in terms of volume. The large leather processing capabilities of companies in Asia Pacific and Europe are responsible for the wide operation of sodium acetate trihydrate in 2022 and the trend is anticipated to remain the same during the cast period. Increasing consumption of sodium acetate trihydrate in electrolytes, warming pads, and as a diuretic agent. Sodium acetate trihydrate is used as a preservative and spicing agent in the food assiduity. Increasing consumption of ready- to- eat food assiduity, It is the main driver for the rise of sodium acetate trihydrate and heavily depends on the operation of food preservatives.