Propionic Acid Market Size Worth $ 1,494.59 million by 2032 | CAGR: 3.4%

The global propionic acid market size is expected to reach USD 1,494.59 million by 2032, according to a new study by Polaris Market Research. The report “Propionic Acid Market Share, Size, Trends, Industry Analysis Report – By Application (Animal Feed, Calcium and Sodium Propionate, Cellulose Acetate Propionate, Chemicals, and Others) and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa); Segment Forecast, 2024–2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The propionic acid market growth is attributed to its wide application across various industries. Propionic acid, a short-chain fatty acid, is primarily used as a preservative in food and animal feed, where it helps inhibit the growth of mold and bacteria. Additionally, it plays a key role in producing cellulose acetate propionate, which is utilized in plastics, synthesizing herbicides, and pharmaceuticals. The rising demand for animal feed preservatives, driven by increased meat consumption and livestock production, is driving the propionic acid market. The increasing global population is shifting dietary habits toward higher protein intake; thus, the demand for safe and longer-lasting animal feed has surged. Furthermore, regulatory measures promoting food safety are boosting the use of propionic acid in feed and food products.

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The propionic acid market is benefiting from the expanding agriculture sector as propionic acid is used in the production of herbicides. Additionally, industrial applications of propionic acid such as in pharmaceuticals and personal care products are boosting market growth. Advancements in production technologies and a trend toward eco-friendly solutions are expected to create new opportunities for market players during the forecast period. Moreover, increasing health awareness regarding food safety and shelf life is expected to contribute to the sustained growth of the propionic acid market in the coming years.

Top of FormPropionic Acid Market Report Highlights

• In 2023, the animal feed segment accounted for the largest revenue share in the propionic acid market due to the increasing demand for preservatives that enhance feed shelf life and prevent mold growth.
• The calcium and sodium propionate segment is expected to register the highest CAGR during the forecast period due to their widespread use as effective preservatives in food and feed products.
• In 2023, North America accounted for the largest share of the propionic acid market due to the high demand for animal feed preservatives and increasing meat consumption.
• Asia Pacific is expected to record the highest CAGR during the forecast period due to increasing livestock production and the expanding agriculture sector.
• A few global key market players include BASF SE; Celanese Corporation; Daicel Corporation; Dow; Eastman Chemical Company; Junsei Chemical Co., Ltd.; KANTO KAGAKU.; Merck KGaA; OQ Chemicals GmbH; Otto Chemie Pvt. Ltd.; Perstorp; and SONTARA ORGANO.

Polaris Market Research has segmented the propionic acid market report on the basis of application and region:

By Application Outlook (Revenue – USD million, kilotons, 2019–2032)

• Animal Feed
• Calcium and Sodium Propionate
• Cellulose Acetate Propionate
• Chemicals
• Others

    By Regional Outlook (Revenue – USD million, kilotons, 2019–2032)

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Australia
  • Rest of Asia Pacific
• Latin America
  • Argentina
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
  • Rest of Middle East & Africa

Propionic Acid Report Scope