The Sodium Acetate Market is to Touch $380 Million by 2030; rising demand for food preservation solutions and increasing applications in pharmaceuticals propel market growth.

The Sodium Acetate Market size is estimated to reach $380 million by 2030, growing at a CAGR of 7.5% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Sodium Acetate Market – By Grade (Technical Grade and Industrial Grade), By Packaging (Packets, Bags and Drums) By Application (Concrete Sealant, Dye Intermediate, Disinfectant, Buffering Agent, Additives, Cleaning Agent and Others), By End Use Industry (Food & Beverage, Building & Construction, Waste-Water Treatment Industry, Textiles, Cosmetics & Personal Care, Pharmaceutical and Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2024-2030”

The expansion of textile manufacturing and the growing use of de-icing agents are fueling the growth of the Sodium Acetate industry during the forecast period.

In 2023, the Asia-Pacific region is expected to dominate the Sodium Acetate market with a 45% share, driven by the rapid growth of the food & beverage and construction sectors in key countries such as China, India, Australia, and Japan. According to the Thai Tuna Industry Association, Thailand's canned tuna had the highest export value among seafood products in 2022, growing by 14%. Additionally, Vietnam's canned tuna exports exceeded US$135 million by July 2023, as per Vietnam Customs data. With sodium acetate commonly used as a preservative in processed meats like deli and canned meats, the rising demand from the food industry significantly supports the Sodium Acetate market's growth. 

Water scarcity is becoming a critical global issue, with wastewater treatment plants playing a vital role in recycling water for non-potable uses like industrial processes and irrigation. By reducing the reliance on freshwater sources, these plants contribute significantly to water conservation efforts. A 2022 report by the Asian Development Bank highlights that nearly 500 million people in the Asia-Pacific region still lack access to basic water supplies, while 1.12 billion do not have basic sanitation. In response, regional governments are increasing investments in water and wastewater management. In October 2023, the International Finance Corporation (IFC) and Thailand's Ministry of Interior signed a memorandum of understanding (MoU) to improve water access and expand wastewater treatment capacity. Sodium acetate is widely used in wastewater treatment, particularly in sludge dewatering and conditioning, where it improves the efficiency of separating water from solid waste. Such initiatives are expected to boost demand for sodium acetate, driving market growth over the forecast period.

The pharmaceutical industry has seen rapid growth, with the COVID-19 pandemic acting as a significant catalyst. According to Pharmexcil, India's drug and pharmaceutical exports reached US$25.3 billion in FY23. Additionally, the Economic Survey 2022–23 projects India's domestic pharmaceutical market will grow to US$130 billion by 2030. Sodium acetate plays a crucial role in this sector as a pH regulator and buffering agent in various pharmaceutical formulations, ensuring stability and effectiveness. As pharmaceutical advancements continue to rise, the demand for sodium acetate is expected to grow due to its essential role in maintaining optimal acidity levels during drug synthesis and formulation.