Middle East and Africa 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.
Middle East and Africa Propionic Acid and Derivatives Market Size
Middle East and Africa propionic acid and derivatives market size was valued at USD 82.86 million in 2023 and is projected to reach USD 115.15 million by 2031, with a CAGR of 4.2% 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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South Africa, Saudi Arabia, UAE, Oman, Qatar, rest of Middle East And Africa
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Key Market Players
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Kemin Industries, Inc., Biomin, Impextraco NV, Finoric LLC, Eastman Chemical Company, Perstorp, NOVUS INTERNATIONAL, BASF SE, Celanese Corporation, and Dow
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Middle East and Africa Propionic Acid and Derivatives Market Dynamics
Wide range of application from feed to industrial application in Middle East Africa region is helping the market to grow.
The use of propionic acid is increasing in various applications such as in feed preservatives, food preservatives and many others. Also, if they are used in an appropriate proportion, they can increase the feed intake in animals. So, the propionic acid and its derivatives have less side effects and it is safe for use in various applications and acting as driving factor for the propionic acid and derivatives market. The increasing demand for propionic acid in various applications is increasing the prices of propionic acid and its derivatives. Hence, it can act as a restraining factor for the propionic acid and derivatives market.
The propionic acid helps in the prevention of animal feed from mold and other bacteria’s and thus helps in promoting the growth in animals by increasing the quality of feed. Hence, it can be the great opportunity for propionic acid producers in the propionic acid and derivatives market. The health hazards related to the propionic acid are very dangerous and in a severe case, it can lead to the death of the person as well. Hence, this can be a challenge for propionic acid manufacturers in the propionic acid and derivatives market.
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, geographical 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.
Middle East and Africa 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
Propionic acid and derivatives market is analyzed and market size information is provided by country, product, grade, form, type, source and application as referenced above.
The countries covered in the Middle East and Africa propionic acid and derivatives market report are South Africa, Saudi Arabia, UAE, Oman, Qatar, and rest of Middle East and Africa and rest of Middle East and Africa.
South Africa is dominating the Middle East and Africa propionic acid and derivatives market as the as the country has high consumption of propionic acid because the demand for food is high. Due to the high demand, import is also increasing for propionic acid and its derivatives. However, UAE may grow in future as usage may increase in the different sector for preserving the products for long time.
The country section of the Middle East and Africa propionic acid and derivatives market 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 global 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
Middle East and Africa 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:
- Kemin Industries, Inc.
- Biomin
- Impextraco NV
- Finoric LLC
- Eastman Chemical Company
- Perstorp, NOVUS INTERNATIONAL
- BASF SE
- Celanese Corporation
- Dow
Latest Developments in Propionic Acid and Derivatives Market
- In December 2017, Dow Industrial Solutions which is a business unit of The Dow Chemical Company has expanded its propionic acid facility in Texas City, Texas to meet rising global demand of propionic acid. Increased propionic acid capacity is a strategic investment in Dow’s long-term growth this was the aim for this expansion.
Collaboration, joint ventures and other strategies by the market players is enhancing the company market in the propionic acid and derivatives market which also provides the benefit for organization to improve their offering for propionic acid and derivatives.
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