Propionic Acid

Global Propionic Acid Market to Reach US$2.2 Billion by 2030

The global market for Propionic Acid estimated at US$1.5 Billion in the year 2024, is expected to reach US$2.2 Billion by 2030, growing at a CAGR of 6.5% over the analysis period 2024-2030. Animal Feed & Grain Preservatives, one of the segments analyzed in the report, is expected to record a 7.0% CAGR and reach US$1.2 Billion by the end of the analysis period. Growth in the Calcium & Sodium Propionates segment is estimated at 5.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$398.0 Million While China is Forecast to Grow at 9.8% CAGR

The Propionic Acid market in the U.S. is estimated at US$398.0 Million in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$531.9 Million by the year 2030 trailing a CAGR of 9.8% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.2% and 6.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR.

Global Propionic Acid Market - Key Trends & Drivers Summarized

Why Is Propionic Acid a Crucial Ingredient Across Multiple Industries?

Propionic acid is a versatile chemical used across various industries, primarily as a preservative in food and animal feed, but also in the production of herbicides, plastics, and pharmaceuticals. Its ability to inhibit the growth of mold and bacteria makes it a key additive in animal feed and bakery products, where long shelf life and food safety are priorities. In agriculture, propionic acid is used to produce herbicides that control weed growth, while in the industrial sector, it serves as an intermediate in the manufacture of cellulose acetate and other chemicals. Its broad range of applications makes propionic acid an essential ingredient in both consumer and industrial products.

How Are Technological Advancements Shaping the Production and Use of Propionic Acid?

Advancements in chemical production processes are enhancing the efficiency and sustainability of propionic acid manufacturing. Innovations in fermentation technology, for example, are allowing for the production of bio-based propionic acid, reducing reliance on petrochemical feedstocks and lowering the environmental footprint. In addition, advancements in purification and formulation technologies are improving the quality and stability of propionic acid used in food and feed applications. These technological improvements are enabling manufacturers to meet growing demand while adhering to stricter environmental and safety standards, particularly as industries move toward greener, more sustainable production methods.

What Market Trends Are Impacting the Demand for Propionic Acid?

Several key market trends are influencing the demand for propionic acid. The increasing global population and rising demand for food are driving the use of propionic acid as a preservative in animal feed and food products, where it helps extend shelf life and reduce spoilage. Additionally, the growing emphasis on sustainable agriculture and the need for more efficient herbicides are boosting demand for propionic acid in crop protection chemicals. The rise of the bio-based chemicals industry is also contributing to the market’s growth, as manufacturers look for environmentally friendly alternatives to traditional petrochemical-based acids. These trends are shaping the future of the propionic acid market.

The Growth in the Propionic Acid Market Is Driven by Several Factors

The growth in the propionic acid market is driven by several factors, including the rising demand for food preservation and animal feed additives, particularly as the global population grows and food security becomes more critical. Technological advancements in the production of bio-based propionic acid are improving the sustainability of manufacturing processes, attracting environmentally conscious industries. The agricultural sector’s increasing reliance on herbicides that use propionic acid is also contributing to market expansion, as farmers seek more effective crop protection solutions. Additionally, the shift toward green chemicals and stricter regulatory requirements for food safety and environmental impact are pushing manufacturers to innovate and expand their use of propionic acid.

SCOPE OF STUDY:

The report analyzes the Propionic Acid market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
End-Use (Animal Feed & Grain Preservatives, Calcium & Sodium Propionates, Other End-Uses)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 44 Featured) -

• A.M Food Chemical Co., Ltd.
• ADDCON GmbH
• BASF SE
• Biomin Holding GmbH
• Daicel Corporation
• Dow, Inc.
• DuPont de Nemours, Inc.
• Eastman Chemical Company
• Hawkins, Inc.
• Kemin Industries, Inc.
• Krishna Chemicals
• Macco Organiques Inc.
• Niacet (Sk Capital)
• Oxea GmbH
• Penta Manufacturer
• Perstorp Holding AB

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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