Market Overview:
The global zinc propionate market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for food grade zinc propionate and industrial grade zinc propionate across different applications such as food & beverages, cosmetics and personal care, feed, and other applications. North America is expected to dominate the global zinc propionate market during the forecast period owing to the presence of key players in this region and growing demand for food grade zinc propionate from various end-use industries. Asia Pacific is projected to be the fastest-growing region during the forecast period due to rising demand for industrial grade zinc propionate from various end-use industries such as automotive, construction, and electronics.
Product Definition:
Zinc Propionate is a white powder that is insoluble in water. It is used as a fungicide, bactericide, and preservative.
Food Grade Zinc Propionate:
Zinc propionate is a type of food-grade preservative used in the preservation of various foods & beverages. It is also used as feed additive for animals and as a supplement for humans. Food grade zinc propionate contains almost 80% of protein, which makes it an essential element in the global market. The product has been proven to be safe by FDA andGRAS (Generally Recognized As Safe).
Industrial Grade Zinc Propionate:
Industrial grade zinc propionate is a chemical compound of propionic acid and zinc. It is manufactured by the fermentation of bacteria in an industrial process. The product finds application as preservative for various food products including cheese, baked goods, meat, and processed milk among others. It has also been used as feed additive for poultry and livestock on account of its ability to prevent pathogenic microorganisms such as Salmonella spp., Campylobacter spp.
Application Insights:
Food & beverages was the largest application segment in 2017 and is projected to maintain its dominance over the forecast period. The product is widely used as a preservative in food & beverages industry owing to its ability to prevent mold growth and bacterial fermentation. It has been found that propionate has minimal effect on humans when consumed in small quantities, which makes it safe for human consumption.
The feed segment accounted for a significant share of the global demand and is expected to witness steady growth over the forecast period owing to increasing demand for animal protein-based foods coupled with growing awareness regarding superior nutritional properties ofpropionic acid in animals. Propionic acid also finds applications as an antibiotic agent due largelyto its low toxicity compared with other antibiotics such as penicillin or erythromycin.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and accounted for a revenue share of over 45%. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing consumer spending on personal care products, coupled with growing demand from other end-use industries such as electronics and automotive.
The Asia Pacific zinc propionate market is anticipated to grow at a CAGR of XX% from 2018 to 2030 owing to rapid industrialization along with rising product demand in various applications including food & beverages, cosmetics and pharmaceuticals. Increasing population along with rising disposable income levels will also support regional growth during the forecast period.
China dominated global consumption accounting for a volume share of 87% in 2017 owing to high growth rates observed in key end-use industries such as cosmetics, feed additives.
Growth Factors:
- Increasing demand from end-use industries such as paints and coatings, adhesives and sealants, agricultural chemicals, and personal care products
- Growing awareness about the benefits of zinc propionate among consumers
- Rising investments by key players in research and development to develop new applications for zinc propionate
- Expansion of production capacities by key players to meet the growing demand for zinc propionate globally
- Growing popularity of eco-friendly products that contain zinc propionate
Scope Of The Report
Report Attributes
Report Details
Report Title
Zinc Propionate Market Research Report
By Type
Food Grade Zinc Propionate, Industrial Grade Zinc Propionate
By Application
Food & Beverages, Cosmetics and Personal Care, Feed, Other
By Companies
Tengzhou Zhongzheng Chemical, Foodchem, A.M Food Chemical, Sichuan Duking Biotechnology, Hubei Ocean Biotech, Tengzhou Zhongzheng Chemical
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
205
Number of Tables & Figures
144
Customization Available
Yes, the report can be customized as per your need.
Global Zinc Propionate Market Report Segments:
The global Zinc Propionate market is segmented on the basis of:
Types
Food Grade Zinc Propionate, Industrial Grade Zinc Propionate
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
Food & Beverages, Cosmetics and Personal Care, Feed, 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:
- Tengzhou Zhongzheng Chemical
- Foodchem
- A.M Food Chemical
- Sichuan Duking Biotechnology
- Hubei Ocean Biotech
- Tengzhou Zhongzheng Chemical
Highlights of The Zinc Propionate 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:
- Food Grade Zinc Propionate
- Industrial Grade Zinc Propionate
- By Application:
- Food & Beverages
- Cosmetics and Personal Care
- Feed
- 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 Zinc Propionate 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?
Zinc propionate is a medication used to treat an enlarged prostate. It works by shrinking the prostate and relieving symptoms such as difficulty urinating, frequent urinary tract infections, and erectile dysfunction.
Some of the major players in the zinc propionate market are Tengzhou Zhongzheng Chemical, Foodchem, A.M Food Chemical, Sichuan Duking Biotechnology, Hubei Ocean Biotech, Tengzhou Zhongzheng Chemical.
The zinc propionate market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Zinc Propionate 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 Zinc Propionate Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Zinc Propionate 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 Zinc Propionate 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 Zinc Propionate Market Size & Forecast, 2020-2028
4.5.1 Zinc Propionate Market Size and Y-o-Y Growth
4.5.2 Zinc Propionate Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Food Grade Zinc Propionate
5.2.2 Industrial Grade Zinc Propionate
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Food & Beverages
6.2.2 Cosmetics and Personal Care
6.2.3 Feed
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Zinc Propionate 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 Zinc Propionate 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Food Grade Zinc Propionate
9.6.2 Industrial Grade Zinc Propionate
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 Market Size Forecast by Applications
9.10.1 Food & Beverages
9.10.2 Cosmetics and Personal Care
9.10.3 Feed
9.10.4 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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Food Grade Zinc Propionate
10.6.2 Industrial Grade Zinc Propionate
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 Market Size Forecast by Applications
10.10.1 Food & Beverages
10.10.2 Cosmetics and Personal Care
10.10.3 Feed
10.10.4 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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Food Grade Zinc Propionate
11.6.2 Industrial Grade Zinc Propionate
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 Market Size Forecast by Applications
11.10.1 Food & Beverages
11.10.2 Cosmetics and Personal Care
11.10.3 Feed
11.10.4 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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Food Grade Zinc Propionate
12.6.2 Industrial Grade Zinc Propionate
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 Market Size Forecast by Applications
12.10.1 Food & Beverages
12.10.2 Cosmetics and Personal Care
12.10.3 Feed
12.10.4 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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Food Grade Zinc Propionate
13.6.2 Industrial Grade Zinc Propionate
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) Market Size Forecast by Applications
13.10.1 Food & Beverages
13.10.2 Cosmetics and Personal Care
13.10.3 Feed
13.10.4 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 Zinc Propionate Market: Competitive Dashboard
14.2 Global Zinc Propionate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Tengzhou Zhongzheng Chemical
14.3.2 Foodchem
14.3.3 A.M Food Chemical
14.3.4 Sichuan Duking Biotechnology
14.3.5 Hubei Ocean Biotech
14.3.6 Tengzhou Zhongzheng Chemical
