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SODIUM ACETATE - Generic Drug Details

What are the generic sources for sodium acetate and what is the scope of freedom to operate?

Sodium acetate is the generic ingredient in one branded drug marketed by Fresenius Kabi Usa, Hikma, Hospira, and Milla Pharms, and is included in four NDAs. Additional information is available in the individual branded drug profile pages.

There are nine drug master file entries for sodium acetate. Five suppliers are listed for this compound.

Summary for SODIUM ACETATE

US Patents:	0
Tradenames:	1
Applicants:	4
NDAs:	4
Drug Master File Entries:	9
Finished Product Suppliers / Packagers:	5
Raw Ingredient (Bulk) Api Vendors:	230
Patent Applications:	3,898
Drug Prices:	Drug price trends for SODIUM ACETATE
What excipients (inactive ingredients) are in SODIUM ACETATE?	SODIUM ACETATE excipients list
DailyMed Link:	SODIUM ACETATE at DailyMed

See drug prices for SODIUM ACETATE

Pharmacology for SODIUM ACETATE

Drug Class	Osmotic Laxative
Mechanism of Action	Osmotic Activity
Physiological Effect	Increased Large Intestinal Motility Inhibition Large Intestine Fluid/Electrolyte Absorption

Anatomical Therapeutic Chemical (ATC) Classes for SODIUM ACETATE

B05XA	Electrolyte solutions
B05X	I.V. SOLUTION ADDITIVES
B05	BLOOD SUBSTITUTES AND PERFUSION SOLUTIONS
B	Blood and blood forming organs

US Patents and Regulatory Information for SODIUM ACETATE

Applicant	Tradename	Generic Name	Dosage	NDA	Approval Date	TE	Type	RLD	RS	Patent No.	Patent Expiration	Product	Substance	Delist Req.	Exclusivity Expiration
Hikma	SODIUM ACETATE	sodium acetate	SOLUTION;INTRAVENOUS	216920-003	Mar 15, 2024	AP	RX	No	No
Hospira	SODIUM ACETATE	sodium acetate	SOLUTION;INTRAVENOUS	018893-001	May 4, 1983	AP	RX	Yes	Yes
Fresenius Kabi Usa	SODIUM ACETATE	sodium acetate	SOLUTION;INTRAVENOUS	206687-001	Oct 30, 2017	AP	RX	No	Yes

SODIUM ACETATE Market Analysis and Financial Projection Experimental

Sodium Acetate Market Dynamics and Financial Trajectory

Market Overview

The sodium acetate market is poised for significant growth, driven by its versatile applications across various industries. The market size is estimated to reach $380 million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 7.5% during the forecast period of 2024-2030[1][3][4].

Key Drivers of Growth

Several factors are driving the growth of the sodium acetate market:

Pharmaceutical Industry

The pharmaceutical sector has been a major driver, particularly with the surge in demand post-COVID-19. Sodium acetate plays a crucial role as a pH regulator and buffering agent in pharmaceutical formulations, ensuring the stability and efficacy of medications. India's pharmaceutical exports, for instance, stood at $25.3 billion in FY23, and the domestic market is projected to reach $130 billion by 2030[1][3].

Food and Beverage Industry

In the food sector, sodium acetate is used as a preservative, flavor enhancer, microbial inhibitor, and emulsifier. The growing demand for canned foods, especially in Asia-Pacific countries like China, India, and Vietnam, has significantly contributed to the market's growth. For example, Vietnam's canned tuna exports exceeded $135 million by July 2023[1][3].

Building and Construction Industry

The building and construction sector also drives demand for sodium acetate, particularly for its use in concrete sealants and de-icing agents. The rapid growth of this sector in Asia-Pacific countries is a key factor in the market's expansion[1][3].

Wastewater Treatment

The increasing need for wastewater treatment facilities is another significant driver. Sodium acetate is used in various wastewater treatment processes, contributing to the market's growth[3].

Geographical Analysis

The Asia-Pacific region dominates the sodium acetate market, holding a 45% market share in 2023. Countries such as China, India, Australia, and Japan are driving this growth due to their rapidly expanding food and beverage, and building and construction sectors[1][3].

Market Segmentation

The sodium acetate market is segmented by grade, packaging, application, and end-use industry.

By Grade

The market includes technical grade and industrial grade sodium acetate. Each grade has specific applications, with the technical grade often used in pharmaceuticals and the industrial grade in construction and other industrial processes[3].

By Packaging

Sodium acetate is available in various packaging forms such as packets, bags, and drums, catering to different industry needs[3].

By Application

Applications include concrete sealants, dye intermediates, disinfectants, buffering agents, additives, cleaning agents, and others. The versatility of sodium acetate in these applications contributes to its widespread use[3].

By End Use Industry

The key end-use industries are food and beverage, building and construction, wastewater treatment, textiles, cosmetics and personal care, and pharmaceuticals. Each industry has unique requirements that sodium acetate fulfills effectively[1][3].

Financial Trajectory

The financial outlook for the sodium acetate market is promising:

Market Size

The global sodium acetate market size was valued at $246 million in 2023 and is projected to reach $380 million by 2030[1][3].

CAGR

The market is growing at a CAGR of 7.5% during the forecast period of 2024-2030[1][3][4].

Regional Growth

North America is expected to grow at the fastest pace during the forecast period, driven by increased healthcare spending and rising consumer awareness, particularly in medical and pharmaceutical applications[4].

Key Players and Competitive Landscape

The market is competitive, with key players such as Merck KGaA, FoodChem International Corporation, Kerry Group plc, Cayman Chemical, and Mitsubishi Chemical Corporation. These companies are involved in various strategies including product development, innovations, joint ventures, and strategic alliances to maintain their market share[1][4].

Challenges and Opportunities

While the market faces challenges such as fluctuations in raw material prices and regulatory hurdles, there are significant opportunities for growth:

Raw Material Fluctuations

The price trend of sodium acetate can be uncertain due to pressures on the raw materials sector, such as rising rates and supply chain disruptions[5].

Regulatory Approvals

Setting up a sodium acetate manufacturing plant requires detailed regulatory approvals and compliance with various certifications, which can be a challenge but also presents an opportunity for companies that can navigate these requirements effectively[2].

Setting Up a Manufacturing Plant

For companies looking to enter the market, setting up a manufacturing plant involves detailed project economics, including capital investments, operating expenses, and financial analysis. The report by IMARC Group provides a comprehensive roadmap for setting up a sodium acetate manufacturing plant, covering aspects such as raw material requirements, machinery, and regulatory procedures[2].

Key Takeaways

• Growing Demand: The sodium acetate market is driven by growing demand from the pharmaceutical, food and beverage, and building and construction industries.
• Geographical Dominance: The Asia-Pacific region dominates the market, with a 45% share in 2023.
• Financial Growth: The market is expected to reach $380 million by 2030, growing at a CAGR of 7.5%.
• Versatile Applications: Sodium acetate is used in various applications, including pH regulation, preservatives, and de-icing agents.
• Competitive Landscape: Key players are engaging in various strategies to maintain market share.

FAQs

Q: What is the projected market size of the sodium acetate market by 2030? A: The sodium acetate market is estimated to reach $380 million by 2030[1][3].

Q: What is the CAGR of the sodium acetate market during the forecast period? A: The market is growing at a CAGR of 7.5% during the forecast period of 2024-2030[1][3][4].

Q: Which region dominates the sodium acetate market? A: The Asia-Pacific region dominates the market, holding a 45% market share in 2023[1][3].

Q: What are the primary applications of sodium acetate? A: Sodium acetate is used as a pH regulator, preservative, flavor enhancer, microbial inhibitor, and in various other applications across different industries[1][3].

Q: Who are the key players in the sodium acetate market? A: Key players include Merck KGaA, FoodChem International Corporation, Kerry Group plc, Cayman Chemical, and Mitsubishi Chemical Corporation[1][4].

Citations

1. IndustryARC, "Sodium Acetate Market Size, Share, Industry Trend & Forecast 2030"
2. IMARC Group, "Sodium Acetate Manufacturing Plant Project Report 2024: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue"
3. IndustryARC, "Sodium Acetate Market - Forecast, 2024-2030"
4. Spherical Insights, "Global Sodium Acetate Market Size, Share, Forecasts to 2033"
5. Procurement Resource, "Sodium Acetate Price Trend, Index, News, Chart, Database"