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).

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).

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.

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

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 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.

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. .

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

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 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.

[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.

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.

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 Europe Propionic Acid Market would witness market growth of 3.1% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 159.02 kilo tonnes, showcasing a growth of 2.3% (2019-2022). Propionic acid plays a crucial role in the pharmaceutical industry, s

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.

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.