The food-grade sodium hypochlorite market is estimated to secure a valuation of US$ 5.1 Billion in 2023 and is estimated to rise to US$ 9.4 Billion by 2033
The Food Grade Sodium Hypochlorite Market is Expected to Increase from US$ 5.1 Billion in 2023 to US$ 9.4 Billion by 2033 and is likely to record a CAGR of 6.3% during the forecast period.
Sodium hypochlorite is used in nontoxic food preparation and production. Food-grade sodium hypochlorite solutions sterilize food organizing machinery, food preparation surfaces, appliances, and vessels of all types involved in preparing, manufacturing and transporting the foods. It is used to destroy germs that are associated with raw foods.
The inorganic salt of hypochlorite is known as sodium hypochlorite. It is man-made commercially in the presence of active electrodes by charging chlorine gas into dilute sodium hydroxide (NaOH) solution and the process is called the Hooker process.
It is a highly corrosive, clear, and unstable liquid with a pungent odor. The sodium hypochlorite market is estimated to increase suggestively due to swift growth in end-user productions such as water treatment, and agriculture. Asia Pacific's food-grade sodium hypochlorite market is anticipated to grow significantly, as the industries in the Asia Pacific region are among the major contributors to the GDP of the region. Food-grade sodium hypochlorite market demand is projected to add fuel to the global demand for domestic use as well as for municipal water treatment use.
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Growing Application of Food Grade Sodium Hypochlorite to Bolster the Market’s Growth Trajectory
Sodium hypochlorite is also used as a sterilizer in cleaner formulations, especially in equipment for food processing and restaurants. Sodium hypochlorite is basically used as a chlorinating agent and biocide biocide in municipal water treatment plants.
The food grade sodium hypochlorite market is driven by its demand in water treatment applications and surface cleaner formulations. However, ambiguity and hazardous nature of food grade sodium hypochlorite due to its solid reacting properties might impede the market growth.
Global Food Grade Sodium Hypochlorite: Key Players
Some of the market players include
Opportunities for Global Food Grade Sodium Hypochlorite Market Participants:
In terms of geography, North America is a major consumer for food grade sodium hypochlorite especially in the waste water treatment applications. Asia Pacific is the leading customer of food grade sodium hypochlorite riding on high sales of household bleaching products to its large population.
Key industrial economies including India, Japan, South Korea and China are the key consumers of food grade sodium hypochlorite for application in waste water treatment, and as a sterilizer in equipment of food processing. The most populated countries, India and China are growing rapidly and witnessing increasing disposable income and purchase power parity of the general population.
This is expected to fuel market growth of household products including use in water treatment, which in turn is expected to fuel demand for food grade sodium hypochlorite in the region. In Rest of the World, South Africa, Brazil and Argentina contribute to major demand for the market. Europe is expected to witness comparatively slower growth than other regions due to its stringent regulations.
The food grade sodium hypochlorite market report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.
By doing so, the research report serves as a repository of analysis and information for every facet of the food grade sodium hypochlorite market, including but not limited to: regional markets, end use, nature, and function.
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Regional Analysis Includes:
The food grade sodium hypochlorite market report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analysing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the food grade sodium hypochlorite market report projects the attractiveness of each major segment over the forecast period.
Highlights of the Food Grade Sodium Hypochlorite Market Report:
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Global Food Grade Sodium Hypochlorite: Market Segmentation
On the basis of nature :
On the basis of function :
On the basis of end-use :
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Jul 03, 2023
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