LONDON, Nov. 24, 2016 /PRNewswire/ -- Sodium propionate is the sodium salt of propionic acid and is currently the most widely used chemical in the food industry. It is stable at room temperature and incompatible with strong oxidizing agents and is prepared by reacting propionic acid and sodium carbonate. It is used as a food preservative and as a mold inhibitor in products that are susceptible to spoilage and is a safe compound when used at low levels. Sodium propionate comes in the white crystalline solid or powder forms. The global sodium propionate market report begins with an overview of sodium propionate and offers future market outlook. The report covers the performance of the sodium propionate market in terms of revenue and volume contribution. This section also includes analysis of key trends, drivers, restraints and opportunities that are influencing the sodium propionate market. Impact analysis of key growth drivers and restraints, based on the weighted average model, across various regions, is also included to better equip clients with crystal clear decision-making insights. By application, the global sodium propionate market is segmented into food, pharmaceuticals, agriculture & animal feed, cosmetics and others. Of these, the food segment accounted for US$ 26.1 Mn in 2014 and is expected to dominate the market in terms of revenue over the forecast period. The packaged food market is growing rapidly and demand for sodium propionate as an antimicrobial to extend the shelf life of food products is expected to increase significantly in the near future. Sodium propionate is mainly used in oral pharmaceutical formulations as an antimicrobial preservative and fungal treatment ointment to treat skin diseases. Propionic acid is widely used as a food and feed preservative; however, for best results, a blend of propionic acid and sodium propionate is used along with formic and lactic acid.