Europe Propionic Acid and Derivatives Market Segmentation, By Product (Propionic Acid, Derivatives), Grade (Industrial Grade/Technical Grade, Food Grade, Feed Grade, Pharma Grade), Form (Dry, Liquid), Type (Encapsulated, Non-Encapsulated), Source (Natural, Synthetic), Application (Food and Beverage, Feed, Pharmaceuticals, Cosmetics, Home and Personal Care, Agriculture, Industrial and others) - Industry Trends and Forecast to 2031.
Europe Propionic Acid and Derivatives Market Size
Europe Propionic acid and derivatives market size was valued at USD 578.88 million in 2023 and is projected to reach USD 875.02 million by 2031, with a CAGR of 5.3% during the forecast period of 2024 to 2031.
Report Scope and Market Segmentation
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Attributes
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Propionic Acid and Derivatives Key Market Insights
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Segmentation
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By Product: Propionic Acid, Derivatives
By Grade: Industrial Grade/Technical Grade, Food Grade, Feed Grade, Pharma Grade
By Form: Dry, Liquid
By Type: Encapsulated, Non-Encapsulated
By Source: Natural, Synthetic
By Application: Food and Beverage, Feed, Pharmaceuticals, Cosmetics, Home and Personal Care, Agriculture, Industrial and others
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Countries Covered
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Germany, France, Spain, Turkey, U.K., Netherlands, Russia, Switzerland, Belgium, Italy and Rest of Europe
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Key Market Players
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EASTMAN CHEMICAL COMPANY, Kemin Industries, Inc., A.M FOOD CHEMICAL CO., LIMITED.A.M Food Chemcial Co., Limited., Perstorp, BASF SE Basf Se, Biomin, DowDow, Impextraco Nv, Palital Feed Additives B.V., Macco Organiques Inc., Finoric Llc, Spectrum Chemical Manufacturing Corp., Niacet, Monarch Chemicals Ltd, Celanese Corporation, Cayman Chemical, NOVUS INTERNATIONAL, Trouw Nutrition USA, LLC., Daicel Corporation and Krishna Chemicals
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Propionic Acid and Derivatives Market Dynamics
Rising demand from feed and food preservative manufacturers are leading the growth of the market. Europe region is dominating due the increased demand for packaged food and processed food is the reason why the usage of propionic acid and derivatives has increased in the region.
This propionic acid and derivatives market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Propionic Acid and Derivatives Market Scope
The propionic acid and derivatives market is segmented into six notable segments which are based on product, grade, form, type, source, and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Product
- Propionic Acid
- Derivatives
Grade
- Industrial Grade
- Technical Grade
- Food Grade
- Feed Grade
- Pharma Grade
Form
- Dry
- Liquid
Type
- Encapsulated
- Non-encapsulated
Source
- Natural
- Synthetic
Application
- Food & Beverage
- Feed
- Pharmaceuticals
- Cosmetics
- Home & Personal Care
- Agriculture
- Industrial
- Others
Propionic Acid and Derivatives Market Regional Analysis
Europe propionic acid and derivatives market is analyzed and market size information is provided by product, grade, form, type, source, and application.
The countries covered in the propionic acid and derivatives market report are Germany, France, Spain, Turkey, U.K., Netherlands, Russia, Switzerland, Belgium, Italy and Rest of Europe.
Europe propionic acid and derivatives market is dominating the market due to their region because of the rising demand from feed and food preservative manufacturers in the region. The propionic acid is dominating the Germany market because of increasing demand for the packaged and processed foods. The U.K. market for propionic acid is expected to grow during the forecast period as the region due to the increased demand for the propionic acid from feed and food preservatives application from the manufacturers.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Europe brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Propionic Acid and Derivatives Market Share
Europe propionic acid and derivatives market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to propionic acid and derivatives market.
Propionic Acid and Derivatives Market Leaders Operating in the Market Are:
- EASTMAN CHEMICAL COMPANY
- Kemin Industries, Inc.
- A.M FOOD CHEMICAL CO., LIMITED
- Perstorp
- BASF SE
- Biomin
- DowDow
- Impextraco Nv
- Palital Feed Additives B.V.
- Macco Organiques Inc.
- Finoric Llc
- Spectrum Chemical Manufacturing Corp.
- Niacet
- Monarch Chemicals Ltd.
- Celanese Corporation
- Cayman Chemical
- NOVUS INTERNATIONAL
- Trouw Nutrition USA, LLC.
- Daicel Corporation
- Krishna Chemicals
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