The Propionic Acid Market Market estimated size and share is projected to exceed USD 1494.59 million by 2032, with a forecasted CAGR of 3.4% during the period.

In 2022, the market volume of propionic acid worldwide amounted to ******* metric tons. It is forecast that the market volume of this organic compound will grow to around ******* metric tons worldwide in the year 2030.

The Propionic Acid Market Report Segments the Industry by Application (Animal Feed and Preservatives, Calcium, Ammonium, and Sodium Salts, and More), End-User Industry (Agriculture, Food and Beverage, and More), Production Route (Petrochemical and Bio-Based Fermentation), Grade (Feed Grade, Food Grade, and More), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East and Africa).

Propionic Acid Market Outlook

According to our latest research, the global propionic acid market size was valued at USD 1.54 billion in 2024, with a robust growth trajectory supported by a CAGR of 5.8% from 2025 to 2033. This growth is driven by increasing demand for food preservatives and animal feed additives, coupled with the rising adoption of propionic acid in pharmaceuticals and chemical manufacturing. By 2033, the market is forecasted to reach approximately USD 2.58 billion, reflecting the expanding applications and regulatory acceptance of propionic acid across diverse industries. As per our latest research, the propionic acid market is poised for significant expansion, fueled by key trends in food safety, livestock health, and sustainable agricultural practices.

One of the primary growth factors propelling the propionic acid market is the surging demand for effective food preservatives. As global food supply chains become more complex and consumer awareness about foodborne illnesses rises, manufacturers are increasingly turning to propionic acid due to its proven efficacy in inhibiting mold and bacterial growth. This compound is widely used in bakery products, cheese, and processed foods, ensuring extended shelf life and reduced spoilage. Additionally, regulatory bodies such as the FDA and EFSA have approved propionic acid for food use, further accelerating its adoption. The trend towards clean-label and minimally processed foods has also contributed to the popularity of propionic acid, as it is perceived as a safer alternative to synthetic preservatives. The intersection of food safety, consumer preferences, and regulatory support continues to drive the market’s expansion in the food and beverage sector.

Another substantial growth driver is the increasing utilization of propionic acid in animal feed and grain preservatives. The global livestock and poultry industries are under constant pressure to improve feed quality, reduce losses due to spoilage, and enhance animal health. Propionic acid, with its potent antifungal and antibacterial properties, is extensively used to preserve grains and silage, preventing the growth of harmful microorganisms that can compromise feed quality. This not only helps in reducing wastage but also ensures the nutritional integrity of feed, supporting higher productivity and profitability for farmers. The adoption of propionic acid is particularly pronounced in regions with large-scale livestock operations, such as North America, Europe, and increasingly in Asia Pacific, where food security and animal health are paramount. The rising demand for high-quality animal protein globally further amplifies the need for propionic acid-based feed additives.

The expanding application of propionic acid in pharmaceuticals and industrial chemicals is also contributing to market growth. In pharmaceuticals, propionic acid serves as an intermediate in the synthesis of various drugs, including non-steroidal anti-inflammatory agents. Its use in the production of cellulose acetate propionate, herbicides, and other specialty chemicals is also on the rise, driven by the need for high-performance materials in diverse industries. Additionally, the shift towards sustainable agriculture and environmentally friendly chemical processes has positioned propionic acid as a preferred choice due to its biodegradability and low toxicity profile. This growing acceptance across multiple end-use industries underlines the versatility and future potential of propionic acid in the global market.

Regionally, the Asia Pacific market is emerging as a significant growth engine for the propionic acid market, supported by rapid industrialization, expanding food processing sectors, and increasing investments in agriculture. China and India, in particular, are witnessing substantial demand for food preservatives and animal feed additives, driven by population growth and changing dietary patterns. Meanwhile, North America and Europe continue to dominate in terms of market share, owing to their advanced agricultural practices, stringent food safety regulations, and established chemical industries. Latin America and the Middle East & Africa are also showing promising growth, albeit from a smaller base, as these regions invest in modern food production and livestock management systems. The diverse regional dynamics and evolving regulatory landscapes are expected to shape the future trajectory of the global propionic acid ma

The global propionic acid market size reached USD 1.80 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 2.30 Billion by 2033, exhibiting a growth rate (CAGR) of 2.57% during 2025-2033.

IMARC Group provides an analysis of the key trends in each sub-segment of the global propionic acid market report, along with forecasts at the global, regional and country level from 2025-2033. Our report has categorized the market based on application and end use industry.

The global propionic acid market volume reached approximately 476.39 KMT in 2024. The market is further projected to grow at a CAGR of 3.30% between 2025 and 2034, reaching a volume of 659.12 KMT by 2034.

Global Propionic Acid market size will be USD 2.09 Billion by 2030. Propionic Acid Industry's Compound Annual Growth Rate will be 4.25% from 2023 to 2030.

Recent developments include: In February 2024, Daicel Corporation and Inabata & Co., Ltd. finalized a joint venture agreement, establishing Novacel Co., Ltd. Daicel is expected to transfer a 66.7% stake in Novacel, which will succeed its resin coloring and compounding business on July 1, 2024. The agreement excludes SAN resin and cellulose acetate resin. Novacel's establishment is subject to regulatory approvals. This move aligns with Daicel's "Accelerate 2025" strategy to transform its business structure and enhance engineering plastics. The partnership aims to leverage Daicel's resin expertise and Inabata's manufacturing capabilities to create collaborations in the market. , In September 2023, Eastman Chemical sold by entering a definitive agreement of Texas City Operations in Texas City, TX, to INEOS Acetyls, a well-recognized manufacturer and supplier of acetic acid and other chemicals. This Texas City Operations unit was under Eastman's Chemical Intermediates segment before the agreement. Apart from this, Eastman and INEOS have signed an MOU with aim of delving into options for a long-term agreement regarding the supply of vinyl acetate monomer (VAM) to the company. .

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).

The Propionic Acid Market size is expected to reach a valuation of USD XX million in 2033 growing at a CAGR of XX%. The Propionic Acid Market research report classifies market by share, trend, demand, forecast and based on segmentation.

Propanoic Acid Market Outlook

The global propanoic acid market size was valued at approximately USD 1.3 billion in 2023 and is expected to reach around USD 2.1 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.5% during the forecast period. The growth of this market is driven by a myriad of factors including the increasing demand for food preservatives, herbicides, and pharmaceuticals. The expanding agriculture sector and the rising demand for animal feed additives further bolster the market growth.

One of the primary growth factors for the propanoic acid market is its essential role as a food preservative. With increased awareness about food safety and shelf life, the demand for preservatives that prevent bacterial and fungal growth has surged. Propanoic acid, known for its antimicrobial properties, is extensively used in the food industry to extend the shelf life of various products. The rising global population and urbanization trends have heightened the demand for processed and packaged foods, thereby driving the market for food preservatives, including propanoic acid.

Another significant growth driver is the use of propanoic acid in herbicides. The agricultural sector is experiencing a transformation with advanced farming techniques and the need for higher crop yields. Propanoic acid is a key ingredient in several herbicidal formulations, which help in controlling weeds and improving crop productivity. The increasing focus on sustainable agriculture and the adoption of integrated pest management practices are expected to fuel the demand for herbicides, consequently propelling the propanoic acid market.

The pharmaceutical industry also plays a crucial role in the growth of the propanoic acid market. Propanoic acid is used in the synthesis of various pharmaceutical compounds, including pain relievers and anti-inflammatory drugs. The rising prevalence of chronic diseases and the growing healthcare expenditure globally have led to an increased demand for effective pharmaceutical products. The versatility of propanoic acid in drug formulation and its role in enhancing the efficacy of pharmaceutical agents are significant factors contributing to its market expansion.

The role of 2-Methyl-Propenoic Acid in the chemical industry is noteworthy, particularly due to its applications in the production of polymers and resins. This compound, also known as methacrylic acid, is a key building block in the manufacture of acrylic sheets, paints, and coatings. Its ability to enhance the durability and weather resistance of these materials makes it indispensable in various industrial applications. The growing demand for high-performance materials in sectors such as automotive, construction, and electronics is expected to drive the market for 2-Methyl-Propenoic Acid. As industries continue to innovate and seek materials that offer superior performance, the significance of this acid in the global market is likely to increase.

Regionally, the Asia Pacific region holds a substantial share of the propanoic acid market, driven by the rapid industrialization and urbanization in countries like China and India. The growing food and beverage industry, coupled with the increasing agricultural activities, significantly contribute to the market growth in this region. North America and Europe are also key markets due to the high demand for food preservatives and herbicides. The stringent regulatory frameworks in these regions ensure the quality and safety of food products, further boosting the demand for propanoic acid.

Application Analysis

The application segment of the propanoic acid market is broadly categorized into food preservatives, herbicides, pharmaceuticals, animal feed, and others. The food preservatives segment stands out as a major application area, driven by the increasing demand for processed and packaged foods. Propanoic acid, with its excellent antimicrobial properties, is widely used in the food industry to inhibit the growth of mold and bacteria, thereby extending the shelf life of food products. As consumer preferences shift towards convenience foods, the demand for effective preservatives like propanoic acid is expected to escalate.

The herbicides segment is another significant application area for propanoic acid. With the agricultural sector undergoing a transformation towards higher productivity and sustainability, the use of herbicides has become indispensable. Propanoic acid is a crucia

Global Propionic Acid market size is expected to reach $1.78 billion by 2029 at 3.6%, segmented as by oxo process, propionic acid from propionaldehyde, catalytic hydrogenation of acetaldehyde, use of carbon monoxide and hydrogen in production

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The propionic acid market has the potential to grow by 86.21 th MT during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 3%.

The propionic acid market report extensively covers market segmentations by Application (Animal feed and grain preservatives, Sodium and calcium propionate, CAP, and Others) and Geography (Europe, North America, APAC, South America, and MEA) and potential market drivers that the vendors are capitalizing on to sustain profitable growth. Furthermore, read about the latest key findings on the post COVID-19 impact on the market from this report.

What will the Propionic Acid Market Size be in 2021?

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Propionic Acid Market: Key Drivers and Trends

According to our research output, there has been a neutral impact on the market growth post COVID-19 era. Key drivers such as the use of propionic acid in food preservation are notably supporting the propionic acid market growth. However, one of the foremost factors impeding market growth is health hazards due to direct exposure. Get detailed insights on the trends and challenges to stay prepared for the obstacles in the future, which will help companies analyze and develop growth strategies.

This post-pandemic propionic acid market report has assessed the shift in consumer behavior and identified and explored the upcoming trends, drivers, and challenges that will have a far-reaching effect on the market growth. Understanding market trends is essential for identifying new business opportunities across segmentations and geographies.

Who are the Major Propionic Acid Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

BASF SE Corbion NV Daicel Corp. Dow Inc. Eastman Chemical Co. Koninklijke DSM NV Macco Organiques s.r.o. OQ Chemicals GmbH Otto Chemie Pvt. Ltd. Perstorp Holding AB

The propionic acid market analysis report contains exhaustive actionable insights on the organic and inorganic growth strategies deployed by the vendors. The propionic acid market is fragmented and is expected to provide favorable growth environment to new and existing players in the coming years. Click here to uncover details of successful business strategies adopted by the vendors.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the propionic acid market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Which are the Key Regions for Propionic Acid Market?

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The propionic acid market size, share, & trends analysis report offers an up-to-date study of the geographical composition of the market. 32% of the market’s growth will originate from North America during the forecast period. US, China, Germany, France, and India are the key markets for propionic acid market in North America.

The report offers an up-to-date analysis of the geographical composition of the market. North America has been recording significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. Diversified applications of propionic acid will facilitate the propionic acid market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Application Segments in the Propionic Acid Market?

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The propionic acid market share growth by the _ segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.

This report provides thorough propionic acid market segment analysis that will help you gauge the existing competition, demographics, lucrative target customer groups, solutions to improve sales and services, and other crucial market intelligence data. Request for a free sample of the report to get an exclusive glimpse of actionable market insights on post COVID-19 impact on each segment and the growth of the propionic acid market size.

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Check out Market Research Intellect's Industrial Grade Propionic Acid Market Report, valued at USD 400 million in 2024, with a projected growth to USD 600 million by 2033 at a CAGR of 5.0% (2026-2033).

Explore Market Research Intellect's Propionic Acid Market Report, valued at USD 1.2 billion in 2024, with a projected market growth to USD 1.8 billion by 2033, and a CAGR of 6.0% from 2026 to 2033.

The global propionic acid market size surpassed USD 1.18 billion in 2024 and is projected to witness a CAGR of over 3.7%, crossing USD 1.89 billion revenue by 2037. Herbicides segment is forecast to attain 45% share by 2037, fueled by rising global population and the need for herbicides to control weeds in order to meet growing agricultural demands.

Propionic Acid Market Outlook

According to our latest research, the global propionic acid market size reached USD 1.57 billion in 2024, reflecting robust demand across multiple industries. The market is expected to expand at a CAGR of 5.1% during the forecast period, reaching an estimated USD 2.45 billion by 2033. This growth trajectory is primarily driven by the increasing utilization of propionic acid as a preservative in animal feed and food products, as well as its rising adoption in pharmaceuticals and agricultural applications. The market’s expansion is further supported by regulatory shifts favoring safer, more sustainable chemical ingredients and the ongoing transition toward bio-based production methods.

One of the key growth factors fueling the propionic acid market is the surging demand for food safety and preservation. Propionic acid, recognized for its antimicrobial properties, is widely used as a preservative in both animal feed and human food products to inhibit mold and bacterial growth. With global food supply chains becoming increasingly complex, the need to extend shelf life and ensure food safety has never been more critical. Consequently, food and beverage manufacturers are integrating propionic acid into their preservation processes, driving consistent demand. Additionally, the rising consumption of processed and packaged foods, particularly in emerging economies, is amplifying the need for effective preservatives, thereby bolstering the market’s growth prospects.

Another significant growth driver is the expanding application of propionic acid in the agricultural sector, especially in herbicides and silage additives. As agricultural productivity becomes a strategic imperative to feed the growing global population, the use of propionic acid in crop protection and feed preservation is gaining prominence. Propionic acid-based herbicides are valued for their efficacy in controlling weeds without leaving harmful residues, aligning with the increasing regulatory scrutiny on agrochemicals. Moreover, the demand for high-quality animal feed, particularly in regions with large livestock populations, is stimulating the use of propionic acid as a silage additive to prevent spoilage and enhance nutritional value. This multifaceted utility in agriculture continues to underpin the market’s upward momentum.

The market is also witnessing a paradigm shift toward sustainability, with bio-based propionic acid emerging as a compelling alternative to synthetic variants. Stringent environmental regulations and mounting consumer preference for eco-friendly products are prompting manufacturers to invest in green chemistry and renewable feedstocks. Bio-based propionic acid, produced via fermentation processes, offers a reduced carbon footprint and aligns with the circular economy model. This transition is further catalyzed by technological advancements in bioprocessing and the availability of government incentives for sustainable chemical production. As a result, major players are increasingly focusing on expanding their bio-based portfolios, which is expected to reshape the competitive landscape and accelerate market growth in the coming years.

From a regional perspective, Europe continues to dominate the global propionic acid market, accounting for the largest share in 2024, followed closely by North America and Asia Pacific. Europe’s leadership is attributed to its stringent food safety regulations, advanced agricultural practices, and strong presence of chemical manufacturing giants. North America remains a key growth engine due to its robust food processing industry and ongoing investments in sustainable chemical technologies. Meanwhile, Asia Pacific is emerging as the fastest-growing region, propelled by rapid industrialization, rising disposable incomes, and expanding applications in food, agriculture, and personal care. Latin America and the Middle East & Africa, though smaller in market share, are expected to witness steady growth driven by evolving food and agricultural sectors.

Type Analysis

The type segment of the propionic acid market is bifurcated into synthetic and bio-based propionic acid. Synthetic propionic acid, produced predominantly via petrochemical routes, has historically dominated the market due to its cost-effectiveness, established supply chains, and consistent quality. The synthetic variant remains the preferred choice for large-scale industrial applications, including food preser

The Propionic Acid Market will grow at a CAGR of 3.4% during the forecast period, with an estimated size and share crossing USD 1494.59 million by 2032.

While the majority of propionic acid is currently produced synthetically, there is a growing interest in bio-based production methods, driven by sustainability considerations and the potential for reduced environmental impact. The market offers a range of propionic acid grades, including food grade, industrial grade, and electronic grade, each tailored to meet the specific requirements of diverse applications. Recent developments include: May 2017: The multinational chemical corporation Oxea a German city of Oberhausen's carboxylic acid production facility has been upgraded. Oxea has increased the output of short-chain fatty acids (SCFAs), including propionic acid, butyric acid, and isobutyric acid. The Animal Feed (AF) quality butyric and propionic acids are produced by Oxea. AGP-free feed, also known as feed without antibiotic growth promoters, is made up of these products as its building blocks., September 2022: For the first time, BASF provides propionic acid (PA) and neopentyl glycol (NPG) with a cradle-to-gate product carbon footprint (PCF)1 of zero2. The products, branded "NPG ZeroPCF" and "PA ZeroPCF," are made at the BASF facility in Ludwigshafen Verbund, Germany. With its innovative Verbund production system and the biomass balance (BMB) method, BASF achieves the zero PCF for NPG and PA. In addition, BASF uses renewable energy in the production of NPG.. Key drivers for this market are: . Driver 1, . Driver 2. Potential restraints include: . Restraint 1, . Restraint 2. Notable trends are: The growing need for naphthalene derivatives is driving the market growth.

Explore Market Research Intellect's High Purity Propionic Acid Market Report, valued at USD 300 million in 2024, with a projected market growth to USD 450 million by 2033, and a CAGR of 6.0% from 2026 to 2033.