What is the Global market size of the Propionic Acid Market?

Global Propionic Acid Market size was valued at USD 1.05 billion in 2021 and is poised to grow from USD 1.1 billion in 2022 to USD 1.42 billion by 2030, growing at a CAGR of 3.78% in the forecast period (2023-2030).

Who are the key vendors in the Global Propionic Acid Market?

Global Propionic Acid Market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'BASF SE', 'Dow Chemical Company', 'Eastman Chemical Company', 'Perstorp Holding AB', 'Celanese Corporation', 'Daicel Corporation', 'A.M. Food Chemical Co. Ltd.', 'Biomin Holding GmbH', 'Hawkins, Inc.', 'Kemin Industries, Inc.', 'Macco Organiques Inc.', 'Merck KGaA', 'Niacet Corporation', 'Prathista Industries Ltd.', 'Qingdao Jiutai Biotechnology Co. Ltd.', 'Shandong Tong Tai Wei Run Chemical Co. Ltd.', 'Sinopec Qilu Petrochemical Corporation', 'Taminco Corporation', 'The Good Scents Company', 'Yancheng Huade Biological Engineering Co. Ltd'

What is the key driver of the Global Propionic Acid Market?

One of the major causes of the market expansion is the increasing usage of propionic acid as a preservative in packaged foods and animal feed. Another important factor driving the industry's expansion is the use of propionic acid in the production of cellulose acetate propionate and herbicides. The demand for packaged food, particularly hygienic food products, has increased as a result of changes in consumer lifestyles. This market is also growing as a result of the use of propionic acid, which is primarily used as a preservative to extend the shelf life of food products and prevent the growth of bacteria and fungus. In 2020, 471 kilo tonnes of propionic acid were consumed and 538 kilo tonnes were consumed in 2025.

What is the key market trend for the Global Propionic Acid Market?

Growing use of applications: Numerous applications exist for the end-users in the global market. It has been proven to be effective as a fungicide and bactericide to inhibit the bacteria and fungi growth in grain storage, poultry litter, and livestock and poultry drinking water.

Propionic Acid Market Size

SkyQuest Technology's Propionic acid market size, share and forecast Report is based on the analysis of market data and Industry trends impacting the global Propionic Acid Market and the revenue of top companies operating in it. Market Size Data and Statistics are based on the comprehensive research by our Team of Analysts and Industry experts.

Propionic Acid Market Insights

Propionic Acid Market size was valued at USD 1.1 Billion in 2023 and is poised to grow from USD 1.14 Billion in 2024 to USD 1.47 Billion by 2032, growing at a CAGR of 3.78% during the forecast period (2025-2032).

Propionic acid is a colourless, clear liquid with a strong smell. Propionic acid is created through the hydro carboxylation of ethylene using nickel carbonyl as a catalyst. Animal feed additives and food preservatives both use propionic acid and its esters. Due to its anti-fungal and anti-bacterial properties and high boiling point, propionic acid is used as a crop protecting agent. It is also fit to work well for cattle drinking water also acting as an anti-bacterial agent. A type of carboxylic acid is propionic acid, sometimes referred to as carboxylic acid, methane carboxylic acid, or ethyl formic acid. In its natural state, it can be utilised as an ester in essential oils. It is a natural preservative that is used to increase the shelf life of baked goods like tortillas and bread and cheese. Additionally, they are used in the preservation packaging of certain ready-to-eat foods. Futuremarket expansion will be aided by a quickening pace of developments in sectors that employ propionic acid.

US Propionic Acid Market is poised to grow at a sustainable CAGR for the next forecast year.

Propionic Acid Market Report Snapshots

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FAQs

Global Propionic Acid Market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'BASF SE ', 'Dow ', 'Eastman Chemical Company ', 'Perstorp Holdings AB ', 'Celanese Corporation ', 'Hawkins Inc. ', 'Merck KGaA ', 'Yancheng Huade Biological Engineering Co. Ltd ', 'Sasol ', 'Daicel Corporation ', 'Shanghai Jianbei Organic Chemical Co. Ltd ', 'Niacet Corporation ', 'Prathista Industries ', 'BIOMIN ', 'BASF-YPC Co., Ltd ', 'Global BioChem Technology Group Co. Ltd ', 'Emsland-Stärke GmbH ', 'Avebe ', 'Grain Processing Corporation ', 'SMS Corporation Co., Ltd'

Globally, the propionic acid market is dominated by Europe. An increase in the consumption of packaged convenience foods and meat, poultry, and seafood items in this region is one of the major reasons for the market expansion. Additionally, one of the key reasons driving the market expansion in this region is the rise in the use of propionic acid in the pharmaceutical industry. At a double-digit CAGR throughout the forecast period, Asia Pacific is projected to be the second-largest market. The expanding food & beverage, personal care, and animal feed industries are the causes of this expansion. Another factor driving market growth in this region, driven by India, China, and Japan, is the growing use of propionic acid in various agrochemicals. The agriculture industry is also a prominent one in this region.

Propionic Acid Market Size

Propionic Acid Market Insights

Propionic Acid Market Report Snapshots

FAQs

What is the global market size of Propionic Acid Market?

Who are the key vendors in the Propionic Acid Market?

What is the key driver of Propionic Acid Market?

What is the key market trend for Propionic Acid Market?

Which region accounted for the largest share in Propionic Acid Market?

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