The global pyruvic acid market is expected to grow at a CAGR of 6.5% during the forecast period, to reach USD 1.2 billion by 2030. The growth of this market can be attributed to the increasing demand for food additives and pharmaceuticals in emerging economies such as China and India, which are driving the demand for pyruvic acid globally. Pyruvic acid is an organic compound that is used in various applications such as pharmaceuticals, daily chemicals, and food additives. It has been observed that the use of pyruvic acid in pharmaceuticals has increased significantly over time due to its ability to inhibit bacterial growth and prevent spoilage of food products. In addition, it also helps in preventing microbial contamination during storage periods by inhibiting microbial growth on surfaces or containers where it is stored or transported. Furthermore, it also helps in preventing spoilage of meat products by inhibiting bacterial growth on meat surfaces while preserving its natural color and flavor properties without altering its nutritional value or taste profile. Chemical synthesis accounted for more than half (55%) share of the global pyruvic acid market revenue share owing to high production cost associated with bio synthesis process which makes chemical synthesis more economical option for manufacturers across different regions including North America, Europe, Asia Pacific & Middle East & Africa (APMEA). However bio synthesis segment is expected to grow at a higher CAGR during forecast period owing to increasing awareness about environmental sustainability among consumers coupled with rising demand from emerging economies such as China and India which are driving adoption rates among manufacturers across different regions including North America, Europe & APMEA region.
Some Of The Growth Factors Of This Market:
- Increasing demand for bio-based chemicals and increasing demand for food additives are the major drivers of the global Pyruvic Acid market growth.
- Increasing awareness about health benefits of natural ingredients is also driving the growth of this market.
- Increasing demand for bio-based chemicals and increasing demand for food additives are major drivers in this market.
Industry Growth Insights published a new data on “Pyruvic Acid Market”. The research report is titled “Pyruvic Acid Market research by Types (Chemical Synthesis, Bio Synthesis), By Applications (Pharmaceuticals, Daily Chemicals, Food Additives, Others), By Players/Companies Musashino, Toray, Minakem, Tianjin Shengdao Technology, Shanghai Jinli Bio-tech, Zhoucun Dongfang Chemical, Fleurchem”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Pyruvic Acid Market Research Report
By Type
Chemical Synthesis, Bio Synthesis
By Application
Pharmaceuticals, Daily Chemicals, Food Additives, Others
By Companies
Musashino, Toray, Minakem, Tianjin Shengdao Technology, Shanghai Jinli Bio-tech, Zhoucun Dongfang Chemical, Fleurchem
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
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Pyruvic Acid Market Report Segments:
The global Pyruvic Acid market is segmented on the basis of:
Types
Chemical Synthesis, Bio Synthesis
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
Pharmaceuticals, Daily Chemicals, Food Additives, Others
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:
- Musashino
- Toray
- Minakem
- Tianjin Shengdao Technology
- Shanghai Jinli Bio-tech
- Zhoucun Dongfang Chemical
- Fleurchem
Highlights of The Pyruvic 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:
- Chemical Synthesis
- Bio Synthesis
- By Application:
- Pharmaceuticals
- Daily Chemicals
- Food Additives
- Others
- 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 Pyruvic 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?
Pyruvic acid is a molecule that contains the carbon atom with three oxygen atoms.
Some of the major players in the pyruvic acid market are Musashino, Toray, Minakem, Tianjin Shengdao Technology, Shanghai Jinli Bio-tech, Zhoucun Dongfang Chemical, Fleurchem.
The pyruvic acid market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Pyruvic Acid Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Pyruvic Acid Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Pyruvic Acid Market - Supply Chain
4.5. Global Pyruvic Acid Market Forecast
4.5.1. Pyruvic Acid Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Pyruvic Acid Market Size (000 Units) and Y-o-Y Growth
4.5.3. Pyruvic Acid Market Absolute $ Opportunity
5. Global Pyruvic Acid Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Pyruvic Acid Market Size and Volume Forecast by Type
5.3.1. Chemical Synthesis
5.3.2. Bio Synthesis
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Pyruvic Acid Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Pyruvic Acid Market Size and Volume Forecast by Application
6.3.1. Pharmaceuticals
6.3.2. Daily Chemicals
6.3.3. Food Additives
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Pyruvic Acid Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Pyruvic Acid Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Pyruvic Acid Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Pyruvic Acid Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Pyruvic Acid Demand Share Forecast, 2019-2026
9. North America Pyruvic Acid Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Pyruvic Acid Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Pyruvic Acid Market Size and Volume Forecast by Application
9.4.1. Pharmaceuticals
9.4.2. Daily Chemicals
9.4.3. Food Additives
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Pyruvic Acid Market Size and Volume Forecast by Type
9.7.1. Chemical Synthesis
9.7.2. Bio Synthesis
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Pyruvic Acid Demand Share Forecast, 2019-2026
10. Latin America Pyruvic Acid Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Pyruvic Acid Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Pyruvic Acid Market Size and Volume Forecast by Application
10.4.1. Pharmaceuticals
10.4.2. Daily Chemicals
10.4.3. Food Additives
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Pyruvic Acid Market Size and Volume Forecast by Type
10.7.1. Chemical Synthesis
10.7.2. Bio Synthesis
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Pyruvic Acid Demand Share Forecast, 2019-2026
11. Europe Pyruvic Acid Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Pyruvic Acid Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Pyruvic Acid Market Size and Volume Forecast by Application
11.4.1. Pharmaceuticals
11.4.2. Daily Chemicals
11.4.3. Food Additives
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Pyruvic Acid Market Size and Volume Forecast by Type
11.7.1. Chemical Synthesis
11.7.2. Bio Synthesis
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth PotentialAnalysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Pyruvic Acid Demand Share, 2019-2026
12. Asia Pacific Pyruvic Acid Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Pyruvic Acid Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Pyruvic Acid Market Size and Volume Forecast by Application
12.4.1. Pharmaceuticals
12.4.2. Daily Chemicals
12.4.3. Food Additives
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Pyruvic Acid Market Size and Volume Forecast by Type
12.7.1. Chemical Synthesis
12.7.2. Bio Synthesis
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Pyruvic Acid Demand Share, 2019-2026
13. Middle East & Africa Pyruvic Acid Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Pyruvic Acid Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Pyruvic Acid Market Size and Volume Forecast by Application
13.4.1. Pharmaceuticals
13.4.2. Daily Chemicals
13.4.3. Food Additives
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Pyruvic Acid Market Size and Volume Forecast by Type
13.7.1. Chemical Synthesis
13.7.2. Bio Synthesis
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Pyruvic Acid Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Pyruvic Acid Market: Market Share Analysis
14.2. Pyruvic Acid Distributors and Customers
14.3. Pyruvic Acid Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Musashino
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Toray
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Minakem
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Tianjin Shengdao Technology
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Shanghai Jinli Bio-tech
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Zhoucun Dongfang Chemical
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Fleurchem
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook