The Acetate Salt Market is estimated at USD 1,345 million in 2022. Further, the market is expected to grow from USD 1,411 million in 2023 to USD 2,071 million in 2030 at a CAGR of 5.64%.
Acetate Salt Market Market Overview
Acetate is a salt and chemical compound that combines acetic acid with alkaline, metallic, and other bases. Salt is an ion formed from the neutralization of an acid by a base. Acetate ions can combine with different cations to form acetate salts. In general, acetate salts are white or colorless crystalline solids soluble in water and consist of hygroscopic properties.
The types of acetate salts include sodium acetate, calcium acetate, potassium acetate, aluminum acetate, zinc acetate, magnesium acetate, and others. These salts find various uses in pharmaceutical, chemical, food & beverage, construction, and textile industries. Sodium acetate is used in food, industry, concrete manufacturing, heating pads and buffer solutions, and as an electrolyte replenisher in the medical industry. Potassium acetate is a food preservative, while aluminum acetate is an antiseptic and antistringent.
Latest Trends in Acetate Salt Market
Worldwide Growing Demand for Frozen & Canned Food:
Frozen food is gaining importance across the globe due to rising urbanization and changing consumer lifestyles. The speed of modern life turns customers towards frozen & canned food. The frozen food sector expands from fruits and vegetables, dairy products, bakery, meat and seafood, confectionaries, frozen desserts, and exotic imports to ready-to-cook snack items. Consumers said they would likely buy more canned goods due to lower costs and longer shelf life.
In the U.S., in 2021, the average consumer spending on frozen meals was at its lowest, only about $46.5 annually. In 2020, over 3.66 million tons of frozen food items were sold in Europe, particularly in Germany. Sodium acetate is a preservative and flavoring chemical used in different foods that inhibits the growth of hazardous bacteria and fungi and extends their shelf life.
Sodium acetate is used to modify the texture of processed foods such as cheese, canned vegetables, and meat products. It is used as a substitute for salt in processed foods to reduce sodium while maintaining a desirable flavor profile. In addition, sodium acetate can be found in some baking powder formulations as a leavening agent and in certain dairy products as a coagulant to help curd formation.
Calcium Acetate can be an additive in foods such as cake batters and mixtures, pie fillings, puddings, certain cheeses, gelatin, snack food, sweet sauces, bread and baked food, and pet products.
Driving Factors
Growth in the Pharmaceutical & Biotechnology Industry:
Over the past few years, the acetate salt market has grown significantly due to major applications in the pharmaceutical industry. Due to increasing government policies, the pharmaceutical manufacturing industry is rapidly growing in emerging economies like China and India. Sodium acetate is used as a buffer system when combined with acetic acid in several intramuscular, intravenous, topical, ophthalmic, nasal, oral, and subcutaneous formulations.
Sometimes, it is also used to reduce the bitterness of oral pharmaceuticals. The biotechnology industry has emerged extensively in the last decade, and continuous research and development activities are being carried out in this field. In biotechnology laboratories, acetate salts are buffers for enzymatic reactions and assays. Maintaining the correct pH is crucial for enzyme activity and reaction specificity. Further, the growing biotechnology industry leads to the upliftment of the acetate salt market.
Market Challenges
Availability of Substitutes for Similar Applications:
In controlling pH in buffer solutions, phosphate salts can be used instead of acetate salts. The substitutes for calcium acetate are calcium chloride, calcium carbonate, calphron and more. Calcium chloride is a concrete accelerator and can be an alternative to calcium acetate. These substitutes have similar properties and, in some cases, superior properties over calcium acetate.
For example, calcium carbonate has several important properties, such as superior light scattering capability, high brightness and lower costs. As a result, calcium carbonate is preferred over calcium acetate for application industries such as textile, construction and other applications. Monosodium glutamate is used as a flavor enhancer in some food products. Acid dyes can be an alternative to sodium acetate usage in the textile industry.
Companies Mentioned
Merck KGaA
Solvay SA
Univar Solutions Inc.
Hawkins, Inc.
Thermo Fisher Scientific Inc
Market Segmentation
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TABLE OF CONTENTS
1. GLOBALACETATE SALT INDUSTRY
1.1. Market Scope and Definition
1.2. Study Assumptions
2. ACETATE SALT MARKET LATEST TRENDS, DRIVERS AND CHALLENGES, 2022-2030
2.1. Acetate Salt Market Latest Trends
2.1.1. Worldwide Growing Demand for Frozen & Canned Food:
2.1.2. Growth of Acetate Salts in Water-Treatment Applications:
2.1.3. Use of Calcium Acetate as Phosphate-Binder:
2.1.4. Burgeoning Growth of the Textile Industry:
2.1.5. Ongoing efforts towards the development of new drug formulations and demand for Protein-Based Medicines:
2.2. Acetate Salt Market Insights, 2022-2030
2.2.1. Leading Acetate Salt Type, 2022-2030
2.2.2. Leading Acetate Salt End-User Industry, 2022-2030
2.2.3. Leading Acetate Salt Functionality, 2022-2030
2.2.4. Fast-Growing Geographies for Acetate Salt, 2022-2030
2.3. Acetate Salt Demand Drivers to 2030
2.3.1. Growth in Pharmaceutical & Biotechnology Industry:
2.3.2. Increase in Global Population & Rise in Spending:
2.3.3. High Usage of Acetate Salts in the Chemical & Construction Industry:
2.3.4. New Product Launches & Customized Formulations:
2.3.5. Rising Application Areas of Acetate Salts Owing to Wide Variety of Its Products & Properties:
2.4. Acetate Salt Challenges to 2030
2.4.1. Availability of Substitutes for Similar Applications:
2.4.2. Health Risks Due to Extensive Usage of Acetate Salts:
2.5. Acetate Salt Market-Five Forces Analysis
3. GLOBAL ACETATE SALT MARKET VALUE, MARKET SHARE, AND FORECAST TO 2030
3.1. Global Acetate Salt Market Overview, 2022
3.2. Global Acetate Salt Market Size and Share Outlook, By Type, 2022-2030
3.2.1. Sodium Acetate
3.2.2. Calcium Acetate
3.2.3. Potassium Acetate
3.2.4. Ammonium Acetate
3.2.5. Magnesium Acetate
3.2.6. Other Acetate Salt
3.3. Global Acetate Salt Market Size and Share Outlook, By End-User Industry, 2022-2030
3.3.1. Food and Beverage
3.3.2. Pharmaceutical
3.3.3. Textile Industry
3.3.4. Chemical Industry
3.3.5. Research and Laboratories
3.3.6. Other End-User Industry
3.4. Global Acetate Salt Market Size and Share Outlook, By Functionality, 2022-2030
3.4.1. Flavoring Agents
3.4.2. Preservatives
3.4.3. Buffering Agents
3.4.4. Firming Agents
3.4.5. De-icing Agents
3.4.6. Analytical Reagents
3.5. Global Acetate Salt Market Size and Share Outlook by Region, 2022-2030
4. NORTH AMERICA ACETATE SALT MARKET VALUE, MARKET SHARE, AND FORECAST TO 2030
4.1. North America Acetate Salt Market Overview, 2022
4.2. North America Acetate Salt Market Size and Share Outlook By Type, 2022-2030
4.3. North America Acetate Salt Market Size and Share Outlook By End-User Industry, 2022-2030
4.4. North America Acetate Salt Market Size and Share Outlook By Functionality, 2022-2030
4.5. North America Acetate Salt Market Size and Share Outlook by Country, 2022-2030
4.5.1. United States
4.5.2. Canada
4.5.3. Mexico
5. EUROPE ACETATE SALT MARKET VALUE, MARKET SHARE, AND FORECAST TO 2030
5.1. Europe Acetate Salt Market Overview, 2022
5.2. Europe Acetate Salt Market Size and Share Outlook By Type, 2022-2030
5.3. Europe Acetate Salt Market Size and Share Outlook By End-User Industry, 2022-2030
5.4. Europe Acetate Salt Market Size and Share Outlook By Functionality, 2022-2030
5.5. Europe Acetate Salt Market Size and Share Outlook by Country, 2022-2030
5.5.1. Germany
5.5.2. France
5.5.3. UK
5.5.4. Italy
5.5.5. Spain
5.5.6. Rest of Europe
6. ASIA PACIFIC ACETATE SALT MARKET VALUE, MARKET SHARE AND FORECAST TO 2030
6.1. Asia Pacific Acetate Salt Market Overview, 2022
6.2. Asia Pacific Acetate Salt Market Size and Share Outlook By Type, 2022-2030
6.3. Asia Pacific Acetate Salt Market Size and Share Outlook By End-User Industry, 2022-2030
6.4. Asia Pacific Acetate Salt Market Size and Share Outlook By Functionality, 2022-2030
6.5. Asia Pacific Acetate Salt Market Size and Share Outlook by Country, 2022-2030
6.5.1. China
6.5.2. India
6.5.3. South Korea
6.5.4. Taiwan
6.5.5. Rest of Asia Pacific
7. SOUTH AND CENTRAL AMERICA ACETATE SALT MARKET VALUE, MARKET SHARE AND FORECAST TO 2030
7.1. South and Central America Acetate Salt Market Overview, 2022
7.2. South and Central America Acetate Salt Market Size and Share Outlook By Type, 2022-2030
7.3. South and Central America Acetate Salt Market Size and Share Outlook By End-User Industry, 2022-2030
7.4. South and Central America Acetate Salt Market Size and Share Outlook By Functionality, 2022-2030
7.5. South and Central America Acetate Salt Market Size and Share Outlook by Country, 2022-2030
7.5.1. Brazil
7.5.2. Argentina
7.5.3. Rest of South and Central America
8. MIDDLE EAST AFRICA ACETATE SALT MARKET VALUE, MARKET SHARE AND FORECAST TO 2030
8.1. Middle East Africa Acetate Salt Market Overview, 2022
8.2. Middle East Africa Acetate Salt Market Size and Share Outlook By Type, 2022-2030
8.3. Middle East Africa Acetate Salt Market Size and Share Outlook By End-User Industry, 2022-2030
8.4. Middle East Africa Acetate Salt Market Size and Share Outlook By Functionality, 2022-2030
8.5. Middle East Africa Acetate Salt Market Size and Share Outlook by Country, 2022-2030
8.5.1. Middle East
8.5.2. Africa
9. ACETATE SALTS MARKET TRADE DATA
10. ACETATE SALT MARKET STRUCTURE
10.1. Merck KGaA
10.2. Solvay SA
10.3. Univar Solutions Inc.
10.4. Hawkins, Inc.
10.5. Thermo Fisher Scientific Inc
11. APPENDIX
11.1. About Us
11.2. Sources
11.3. Research Methodology
11.4. Research Process
11.5. Research Execution
11.6. Contact Information
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