Market Overview:
The global food grade propionic acid market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for propionic acid in various applications such as soy products, bread, pastry, vinegar, soy sauce and other applications. North America is expected to dominate the global food grade propionic acid market during the forecast period owing to the presence of key players in this region and growing demand for propionic acid from various end-use industries. Asia Pacific is projected to be the fastest-growing region during the forecast period due to rising demand for food grade propionic acid from countries such as China and India.
Product Definition:
Food grade propionic acid is a food additive that is used to inhibit the growth of mold and bacteria in food products. It is considered safe for human consumption and has been approved by the FDA.
≥99%:
Propionic acid is a type of acetic acid, which is used as preservatives in the food industry. It can be produced by fermentation or chemical synthesis from propionic acid bacteria. The most commonly used form of this product is 99% pure and has been derived from bacterial fermentation.
The global demand for propionic acid based food grade products was 1,12,000 tons in 2014.
99% is a propionic acid with less than 1% of impurities. It has been widely used in the food industry as a preservative and to prevent mold growth on foods such as bakery products, canned vegetables & fruits, processed meat, etc. 99% is commercially available in two forms including liquid and solid (brine). The brine form can be used directly for preservation or can be converted into the liquid form by adding water at suitable concentration.
Application Insights:
Soy products emerged as the largest application segment and accounted for over 40% of global food grade propionic acid market in 2017. The product is widely used in the production of soy sauce, tofu, tempeh, and other soy products. Growing demand for these foods among consumers especially in Asia Pacific is expected to drive growth over the forecast period.
, which can be used directly without further processing such as fermentation or baking on a large scale thus driving growth over the forecast period.
Regional Analysis:
North America accounted for the largest share of over 35.0% in 2017. The region is expected to maintain its dominance throughout the forecast period owing to high demand for food grade propionic acid from various end-use industries, such as bakery and beverage, meat processing, dairy products and pharmaceuticals. In addition, increasing awareness regarding a healthy diet coupled with growing consumer preference towards organic foods is likely to propel product demand in North America during the forecast period.
Asia Pacific accounted for a significant share of global market revenue in 2017 due to rapid industrialization along with rising population in countries like China and India that has led to an increase in livestock production resulting into high consumption of propionic acid based feed additives by farmers across these countries.
Growth Factors:
- Increasing demand for food grade propionic acid from the food and beverage industry as a preservative to increase the shelf life of products.
- Rising demand for propionic acid in animal feed as a growth promoter and feed additive.
- Growing use of propionic acid in textile printing and dyeing processes to improve color fastness, brightness, and other properties of textiles fabrics.
- Increasing application scope of propionic acid in personal care products such as skin care creams, lotions, shampoos, etc., owing to its antimicrobial properties .
Scope Of The Report
Report Attributes
Report Details
Report Title
Food Grade Propionic Acid Market Research Report
By Type
≥99%, <99%
By Application
Soy Products, Bread, Pastry, Vinegar, Soy Sauce, Other
By Companies
BASF, Dow, Perstorp, Eastman, BASF-YPC, SINOPEC Qilu, Yancheng Huade, Yancheng Hongtai, Shanghai Jianbei, BASF
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
228
Number of Tables & Figures
160
Customization Available
Yes, the report can be customized as per your need.
Global Food Grade Propionic Acid Market Report Segments:
The global Food Grade Propionic Acid market is segmented on the basis of:
Types
≥99%, <99%
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Soy Products, Bread, Pastry, Vinegar, Soy Sauce, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- Dow
- Perstorp
- Eastman
- BASF-YPC
- SINOPEC Qilu
- Yancheng Huade
- Yancheng Hongtai
- Shanghai Jianbei
- BASF
Highlights of The Food Grade Propionic Acid Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- ≥99%
- <99%
- By Application:
- Soy Products
- Bread
- Pastry
- Vinegar
- Soy Sauce
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Food Grade Propionic Acid Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Food grade propionic acid is a type of organic acid that is used as a food additive. It is also known as L-propionyl propionate or simply Propionate.
Some of the major companies in the food grade propionic acid market are BASF, Dow, Perstorp, Eastman, BASF-YPC, SINOPEC Qilu, Yancheng Huade, Yancheng Hongtai, Shanghai Jianbei, BASF.
The food grade propionic acid market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Food Grade Propionic Acid Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Food Grade Propionic Acid Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Food Grade Propionic Acid Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Food Grade Propionic Acid Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Food Grade Propionic Acid Market Size & Forecast, 2018-2028
4.5.1 Food Grade Propionic Acid Market Size and Y-o-Y Growth
4.5.2 Food Grade Propionic Acid Market Absolute $ Opportunity
Chapter 5 Global Food Grade Propionic Acid Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Food Grade Propionic Acid Market Size Forecast by Type
5.2.1 ≥99%
5.2.2 <99%
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Food Grade Propionic Acid Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Food Grade Propionic Acid Market Size Forecast by Applications
6.2.1 Soy Products
6.2.2 Bread
6.2.3 Pastry
6.2.4 Vinegar
6.2.5 Soy Sauce
6.2.6 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Food Grade Propionic Acid Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Food Grade Propionic Acid Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Food Grade Propionic Acid Analysis and Forecast
9.1 Introduction
9.2 North America Food Grade Propionic Acid Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Food Grade Propionic Acid Market Size Forecast by Type
9.6.1 ≥99%
9.6.2 <99%
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Food Grade Propionic Acid Market Size Forecast by Applications
9.10.1 Soy Products
9.10.2 Bread
9.10.3 Pastry
9.10.4 Vinegar
9.10.5 Soy Sauce
9.10.6 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Food Grade Propionic Acid Analysis and Forecast
10.1 Introduction
10.2 Europe Food Grade Propionic Acid Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Food Grade Propionic Acid Market Size Forecast by Type
10.6.1 ≥99%
10.6.2 <99%
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Food Grade Propionic Acid Market Size Forecast by Applications
10.10.1 Soy Products
10.10.2 Bread
10.10.3 Pastry
10.10.4 Vinegar
10.10.5 Soy Sauce
10.10.6 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Food Grade Propionic Acid Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Food Grade Propionic Acid Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Food Grade Propionic Acid Market Size Forecast by Type
11.6.1 ≥99%
11.6.2 <99%
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Food Grade Propionic Acid Market Size Forecast by Applications
11.10.1 Soy Products
11.10.2 Bread
11.10.3 Pastry
11.10.4 Vinegar
11.10.5 Soy Sauce
11.10.6 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Food Grade Propionic Acid Analysis and Forecast
12.1 Introduction
12.2 Latin America Food Grade Propionic Acid Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Food Grade Propionic Acid Market Size Forecast by Type
12.6.1 ≥99%
12.6.2 <99%
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Food Grade Propionic Acid Market Size Forecast by Applications
12.10.1 Soy Products
12.10.2 Bread
12.10.3 Pastry
12.10.4 Vinegar
12.10.5 Soy Sauce
12.10.6 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Food Grade Propionic Acid Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Food Grade Propionic Acid Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Food Grade Propionic Acid Market Size Forecast by Type
13.6.1 ≥99%
13.6.2 <99%
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Food Grade Propionic Acid Market Size Forecast by Applications
13.10.1 Soy Products
13.10.2 Bread
13.10.3 Pastry
13.10.4 Vinegar
13.10.5 Soy Sauce
13.10.6 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Food Grade Propionic Acid Market: Competitive Dashboard
14.2 Global Food Grade Propionic Acid Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF
14.3.2 Dow
14.3.3 Perstorp
14.3.4 Eastman
14.3.5 BASF-YPC
14.3.6 SINOPEC Qilu
14.3.7 Yancheng Huade
14.3.8 Yancheng Hongtai
14.3.9 Shanghai Jianbei
14.3.10 BASF
