Forecasting Propionic Acid Evolution: Insights and Trends (2023-2029)


Posted August 10, 2023 by manasi05

The propionic acid market is segmented across regions of Europe, South America, North America, Asia Pacific, and the Middle East & Africa.
 
Propionic Acid Market is expected to grow at a CAGR of 6.5% during the forecast period. Global Propionic Acid Market is expected to reach US$ 2.63 Bn by 2029.

Propionic Acid Market Overview:

A distinguished global market research firm has recently released an exhaustive market research report focusing on the Propionic Acid Market. The report provides a wealth of data and visually engaging representations to analyze both regional and global markets. It offers valuable insights into the market's objectives and includes comprehensive information on top competitors, their market value, current trends, strategies, targets, and product offerings. The report also highlights the market's recent growth and historical data, providing crucial information for stakeholders.

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Propionic Acid Market Scope:

The research report delves deep into the analysis of trending competitors, their growth patterns, and the dynamics of the market. It offers insights into the regional and global market value and demand, enabling a better understanding of the competitive landscape and the market's potential in terms of production, demand, and supply. The segmentation analysis considers crucial factors such as psychographic, demographic, geographic, and behavioral aspects, which inform marketing strategies, targeted products, offers, and customer experiences. The report utilizes Porter's analysis to determine organizations' competitive positions and improve profitability. Additionally, Pestle analysis is conducted to assess the validity of existing products and services within the contextual data. SWOT analysis is employed to evaluate the internal and external factors contributing to a company's strengths, weaknesses, advantages, and disadvantages. This report provides a comprehensive and informative overview of the Propionic Acid Market.

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Propionic Acid Market Segmentation:

by End User

Agriculture
Food & beverage
Personal Care
Pharmaceuticals
Others

The food and beverage category is likely to contribute a significant revenue share to the global market based on end use and is anticipated to continue growing during the projected timeframe. The global food and beverage industry's strong expansion has led to an increase in demand for flavoring agents. This is probably one of the key factors boosting the market for propionic acid. Although work will be needed to determine the ideal dosage and the palatability of commercially viable food concepts, dairy beverages fermented with propionic acid may increase feelings of satiety.

by Application

Animal feed & food preservative
Calcium & Sodium Propionate
Cellulose Acetate Propionate
Herbicides
Others

The animal feed application category accounts for the largest revenue share in the global market. Depending on the application, such as herbicides, calcium and sodium propionates, cellulose acetate propionate, and preservatives for grain and animal feed. Animal feed and grain preservatives, which accounted for 52% of market growth among those applications, had the highest rate of expansion. Because of the superior livestock farming practices that have led to a high demand for grain and animal feed preservatives, this industry is anticipated to grow during the forecasted period. The calcium and sodium propionates market is the second-largest segment in 2017.

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Propionic Acid Market Key Players are:

1. BASF SE
2. DowDuPont
3. Perstorp Orgnr
4. Eastman Chemical Company
5. Macco Organiques Inc.
6. Krishna Chemicals
7. A.M. Food Chemical Co., Ltd.
8. Merck KGaA
9. OXEA GmbH
10. Perstorp
11. Biomin Holdings GmbH.
12. DAICEL CORPORATION
13. Hawkins, Inc.
14. Corbion N.V.
15. Otto Chemie Pvt. Ltd.
16. Oman Oil Company SAOC
17. Celanese Corporation

Regional Analysis:

The report offers formal, functional, and vernacular regional analyses, focusing on high-demand regions such as Asia Pacific, North America, Latin America, the Middle East, Europe, and Africa. The analysis provides insights into different targets, strategies, and market values specific to each region.

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Key Questions Addressed in the Propionic Acid Market Report:

What defines the Propionic Acid Market?
What is the forecast period for the Propionic Acid Market?
How does the competitive landscape look in the Propionic Acid Market?
Which region holds the largest market share in the Propionic Acid Market?
What opportunities are available in the Propionic Acid Market?
What factors influence the growth of the Propionic Acid Market?
Who are the key players in the Propionic Acid Market?
Which company holds the largest share in the Propionic Acid Market?
What will be the compound annual growth rate (CAGR) of the Propionic Acid Market during the forecast period?
What key trends are expected to emerge in the Propionic Acid Market in the coming years?
Key Offerings:

Market Share, Size, and Revenue Forecast| 2023-2029
Market Dynamics: Growth drivers, restraints, investment opportunities, and key trends
Market Segmentation: Detailed analysis by Propionic Acid Market
Landscape: Leading key players and other prominent participants
About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company comprising professionals from various industries. Our coverage spans medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, automotive, chemical products, general merchandise, beverages, personal care, and automated systems, among others. We provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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Issued By MMR
Country India
Categories Business
Last Updated August 10, 2023