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).

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.

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.

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.

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.

Propionic acid market size is forecast to reach USD 1.71 Bn by 2034, at a CAGR of 6.5%. factors like effective properties of PA, expansion of food & beverage, personal care & pharmaceutical sector & its applicability in these sectors are supporting the growth of the sector.

Propionic Acid market stood at approximately 400 thousand tonnes in 2022 and is anticipated to grow at a CAGR of 2.90% during the forecast period until 2032

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.

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.

The Global Propionic Acid Market size is expected to reach $1.7 billion by 2030, rising at a market growth of 3.7% CAGR during the forecast period. In the year 2022, the market attained a volume of 626.12 Kilo tonnes, experiencing a growth of 2.9% (2019-2022). Propionic acid serves as an intermediat

[214+ Pages Report] The global propionic acid market size was valued at USD 1,482.2 million in 2021 and is expected to reach a value of USD 1,801.4 million by 2028 with growth at a CAGR of 3.3% from 2022 to 2028.

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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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The Japan Propionic Acid Market size is expected to reach $80.49 Million by 2030, rising at a market growth of 3.8% CAGR during the forecast period. In the year 2022, the market attained a volume of 25.42 Kilo Tonnes, experiencing a growth of 3.3% (2019-2022). The Japan propionic acid market is cha

Global Propionic Acid Market valued at USD 1.8 billion, driven by demand in food preservation, animal feed, and agriculture. Key growth in bio-based types and emerging economies.

Propionic Acid Market Outlook

The global propionic acid market size in 2023 is estimated to be around $1.2 billion, with expectations to grow at a compound annual growth rate (CAGR) of 6.1% from 2024 to 2032, reaching approximately $2.1 billion by the end of the forecast period. This growth is primarily driven by the increasing demand in food preservatives and animal feed industries, reflecting the compound's versatile applications and its widespread adoption across various sectors.

One of the key growth factors propelling the propionic acid market is the rising awareness of food safety and preservation. Propionic acid is widely used as a food preservative due to its effective antimicrobial properties, which help in extending the shelf life of food products by inhibiting the growth of mold and bacteria. With the increasing global population and the subsequent rise in food demand, there is a significant emphasis on minimizing food waste and ensuring food safety. This has led to a higher adoption rate of propionic acid in the food and beverage industry, thus driving market growth.

The agriculture sector also plays a crucial role in the growth of the propionic acid market. Propionic acid is extensively used as an animal feed and grain preservative to prevent microbial spoilage and improve the shelf life of livestock feed. The rising demand for high-quality animal feed to support the expanding livestock industry, particularly in emerging economies, has augmented the consumption of propionic acid. Moreover, the herbicidal properties of propionic acid make it a valuable component in agriculture, aiding farmers in crop protection and weed control, further contributing to market expansion.

In addition to its applications in food preservation and agriculture, the propionic acid market is witnessing growth due to its utilization in the pharmaceutical and cosmetics industries. In pharmaceuticals, propionic acid serves as an intermediate in the synthesis of various drugs, enhancing their effectiveness and stability. The cosmetics industry leverages propionic acid in formulations for its antimicrobial qualities and as a pH adjuster in personal care products. The expanding pharmaceutical and cosmetics sectors, driven by increasing consumer health consciousness and beauty trends, are expected to boost the demand for propionic acid in the coming years.

From a regional perspective, the Asia Pacific region is anticipated to exhibit substantial growth in the propionic acid market. The burgeoning population, rapid urbanization, and increasing disposable income in countries like China and India are driving the demand for food preservatives and high-quality animal feed. North America and Europe also hold significant market shares, owing to stringent food safety regulations and advanced agricultural practices. The Middle East & Africa and Latin America regions are expected to witness moderate growth, supported by improving economic conditions and increasing investments in the food and agriculture sectors.

Application Analysis

The application of propionic acid in food preservatives is one of the primary segments contributing to market growth. Propionic acid is extensively used as a preservative in bakery products, dairy products, and processed meats. Its ability to effectively inhibit the growth of mold and bacteria makes it an ideal choice for extending the shelf life of perishable food items. The increasing consumer preference for convenience foods and ready-to-eat meals is driving the demand for effective food preservation solutions, thereby boosting the consumption of propionic acid in the food preservatives segment.

Animal feed and grain preservatives represent another significant application segment of the propionic acid market. Farmers and livestock producers are increasingly focusing on maintaining the quality and nutritional value of animal feed, which is crucial for the health and productivity of livestock. Propionic acid helps in preventing microbial spoilage and extending the shelf life of animal feed, ensuring that the feed remains safe and nutritious for longer periods. The rising global population and the corresponding demand for animal protein are expected to drive the growth of this segment, as the livestock industry expands to meet the increasing food requirements.

Herbicides constitute a vital application area for propionic acid in the agriculture sector. Propionic acid is used in the formulation of herbicides to control the growth of unwanted weeds, thereby enhancing crop yield and quality. With the growing need to im

Discover the booming industrial grade propionic acid market, projected to reach $850 million in 2025 with a 5% CAGR. Explore key applications in food preservation, plastics, and pharmaceuticals, regional market share analysis, and leading industry players. Get insights into market trends, drivers, and restraints shaping this dynamic sector.

In 2022, the market for propionic acid was valued at approximately 1.89 billion U.S. dollars worldwide. By 2030, the global market value of this organic compound is expected to increase to around 2.77 billion U.S. dollars.

Propionic Acid Market Outlook

According to our latest research, the Global Propionic Acid Market size was valued at $1.45 billion in 2024 and is projected to reach $2.35 billion by 2033, expanding at a robust CAGR of 5.5% during the forecast period from 2025 to 2033. The market’s growth trajectory is primarily fueled by the rising demand for propionic acid as an effective preservative in animal feed and food products, driven by heightened awareness of food safety and the need to reduce spoilage. The increasing application of propionic acid in pharmaceuticals, herbicides, and cellulose acetate propionate production further amplifies its global market potential. With growing regulatory pressure for safer, more sustainable food additives and the shift toward bio-based chemicals, the propionic acid market is set for significant expansion across both developed and emerging economies.

Regional Outlook

Europe currently commands the largest share of the global propionic acid market, accounting for more than 35% of the total market value in 2024. This dominance is attributed to the region’s mature food processing industry, stringent food safety regulations, and high adoption rates of advanced preservative technologies. The European Union’s proactive policies supporting sustainable agriculture and food safety have fostered a favorable environment for propionic acid producers. Additionally, the presence of leading chemical manufacturers and robust R&D infrastructure has enabled continuous innovation in both synthetic and bio-based propionic acid production. The region’s established supply chains and strong export orientation further bolster its leading position, making Europe a benchmark for quality and regulatory compliance in the global market.

Asia Pacific is the fastest-growing region in the propionic acid market, projected to register a CAGR of 7.2% through 2033. This rapid expansion is driven by burgeoning demand from the food and beverage, agriculture, and animal feed sectors in countries such as China, India, and Southeast Asian nations. The region’s rising population, increasing disposable incomes, and evolving dietary patterns are fueling the need for effective food preservation and agricultural productivity enhancements. Major investments in local manufacturing capacities, coupled with government initiatives to promote food safety and sustainable agriculture, are accelerating market growth. Additionally, the shift toward bio-based chemicals and the expansion of pharmaceutical manufacturing hubs in Asia Pacific are expected to further stimulate demand for propionic acid over the forecast period.

Emerging economies in Latin America and the Middle East & Africa are experiencing steady but comparatively moderate growth in propionic acid adoption. These regions face unique challenges, such as limited awareness of advanced preservatives, infrastructural constraints, and fluctuating regulatory frameworks. However, increasing urbanization, rising meat consumption, and the gradual modernization of food processing industries are creating new avenues for market penetration. Governments are increasingly recognizing the importance of food safety and agricultural productivity, leading to policy reforms and incentives for adopting modern additives like propionic acid. While market entry barriers persist, localized demand and tailored product offerings are helping manufacturers establish a foothold, particularly in Brazil, South Africa, and the Gulf Cooperation Council (GCC) countries.

Report Scope

Learn more about the High Purity Propionic Acid Market Report by Market Research Intellect, which stood at USD 300 million in 2024 and is forecast to expand to USD 450 million by 2033, growing at a CAGR of 6.0%.Discover how new strategies, rising investments, and top players are shaping the future.