Propionic Acid (CAS 79-09-4) Market was valued at USD 0.34 Billion in 2022 and is projected to reach USD 0.51 Billion by 2030, growing at a CAGR of 5.3% from 2024 to 2030.
From 2018 to 2022, the Propionic Acid (CAS 79-09-4) market experienced steady growth driven by the rising demand for preservatives in the food industry, along with its increasing use in animal feed, pharmaceuticals, and agrochemicals. As an essential organic acid, Propionic Acid is widely utilized as a preservative to enhance the shelf-life of products. This period saw strong growth in demand from the food and feed industries, particularly in regions like North America and Europe, where Propionic Acid is commonly used in preserving baked goods and silage for livestock feed.
As of 2023, the market for Propionic Acid is poised for continued growth, with expectations to expand steadily through to 2033. Factors such as increased consumer demand for healthier food products, advancements in sustainable farming practices, and expanding use in the production of biodegradable plastics will fuel demand. Moreover, growing attention to food safety, driven by global population growth and increasing food consumption, ensures that Propionic Acid's role in food preservation will remain critical, propelling the market forward.
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Additionally, the biotechnological advancements in the production of Propionic Acid, particularly through fermentation processes, are expected to lower production costs, making the compound more accessible. Biobased methods are emerging as a promising alternative to conventional petrochemical processes, aligning with global sustainability trends. The increasing preference for bio-based chemicals in various industries is expected to drive innovation in the Propionic Acid market. In the coming years, Propionic Acid will likely become a key player in the production of bio-based materials and sustainable chemicals.
The regional outlook for Propionic Acid is also promising, with substantial demand projected in Asia-Pacific, especially China and India, driven by the rising demand for animal feed and growing awareness about food safety and preservation. The expansion of the food and beverage industry in emerging markets is expected to further support the demand for Propionic Acid. Moreover, the rising awareness around environmentally friendly chemicals will increase the use of Propionic Acid in the development of green technologies and sustainable solutions.
Get an In-Depth Research Analysis of the Global Propionic Acid (CAS 79-09-4) Market Size And Forecast [2025-2032]
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Propionic Acid (CAS 79-09-4) Market
Application I
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Application IV
Based on Types the Market is categorized into Below types that held the largest Propionic Acid (CAS 79-09-4) market share In 2023.
Type I
Type II
Type III
Type IV
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Propionic Acid (CAS 79-09-4) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Propionic Acid (CAS 79-09-4) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Propionic Acid (CAS 79-09-4) Market, By Type
6. Global Propionic Acid (CAS 79-09-4) Market, By Application
7. Global Propionic Acid (CAS 79-09-4) Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Propionic Acid (CAS 79-09-4) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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