Global Propionic Acid
Market Report
2025
Global Propionic Acid market size will be USD 2.09 Billion by 2030. Propionic Acid Industry's Compound Annual Growth Rate will be 4.25% from 2023 to 2030.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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Global Propionic Acid market size will be USD 2.09 Billion by 2030. Propionic Acid Industry's Compound Annual Growth Rate will be 4.25% from 2023 to 2030.
As per the current market study, out of 1442.9 Million USD global market revenue 2025, North America market holds 22.55% of the market share. The North America Propionic Acid industry grew from 288.382 Million USD in 2021 to 325.374 Million USD in 2025 and will record 88.63% growth. In coming future this industry will reach 414.121 Million by 2033 with a 3.061% CAGR. If we look at the percentage market shares of top North America countries for 2025,Canada (9.69%), United States (82.06%), Mexico (8.25%)
As per the current market study, out of 1442.9 Million USD global market revenue 2025, Europe market holds 20.40% of the market share. The Europe Propionic Acid industry grew from 259.792 Million USD in 2021 to 294.352 Million USD in 2025 and will record 88.26% growth. In coming future this industry will reach 383.014 Million by 2033 with a 3.346% CAGR. If we look at the percentage market shares of top Europe countries for 2025,Sweden (6.07%), Germany (21.48%), Spain (8.01%), United Kingdom (13.90%), Luxembourg (0.75%), Russia (5.64%), Switzerland (4.32%), Italy (11.20%), Denmark (4.25%), France (11.31%), Rest of Europe (13.06%)
As per the current market study, out of 1442.9 Million USD global market revenue 2025, Asia Pacific market holds 42.25% of the market share. The Asia Pacific Propionic Acid industry grew from 514.613 Million USD in 2021 to 609.625 Million USD in 2025 and will record 84.41% growth. In coming future this industry will reach 857.406 Million by 2033 with a 4.356% CAGR. If we look at the percentage market shares of top Asia Pacific countries for 2025,South Korea (7.69%), Taiwan (4.41%), India (13.25%), South East Asia (5.89%), Japan (16.85%), Singapore (3.16%), China (34.70%), Australia (5.14%), Rest of APAC (8.91%)
As per the current market study, out of 1442.9 Million USD global market revenue 2025, South America market holds 5.88% of the market share. The South America Propionic Acid industry grew from 72.096 Million USD in 2021 to 84.843 Million USD in 2025 and will record 84.98% growth. In coming future this industry will reach 117.082 Million by 2033 with a 4.108% CAGR. If we look at the percentage market shares of top South America countries for 2025,Argentina (15.13%), Brazil (36.10%), Chile (8.97%), Peru (8.25%), Colombia (17.87%), Rest of South America (13.68%)
As per the current market study, out of 1442.9 Million USD global market revenue 2025, Middle East market holds 4.55% of the market share. The Middle East Propionic Acid industry grew from 55.936 Million USD in 2021 to 65.58 Million USD in 2025 and will record 85.29% growth. In coming future this industry will reach 89.765 Million by 2033 with a 4.002% CAGR. If we look at the percentage market shares of top Middle East countries for 2025,Saudi Arabia (29.49%), Qatar (11.69%), Egypt (16.91%), UAE (11.09%), Turkey (16.69%), Rest of Middle East (14.13%)
As per the current market study, out of 1442.9 Million USD global market revenue 2025, Africa market holds 4.38% of the market share. The Africa Propionic Acid industry grew from 52.207 Million USD in 2021 to 63.127 Million USD in 2025 and will record 82.70% growth. In coming future this industry will reach 82.844 Million by 2033 with a 3.456% CAGR. If we look at the percentage market shares of top Africa countries for 2025,South Africa (40.46%), Nigeria (12.28%), Rest of Africa (47.26%)
2021 | 2025 | 2033 | CAGR | |
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Global Propionic Acid Market Sales Revenue | $ 1243.03 Million | $ 1442.9 Million | $ 1944.23 Million | 3.798% |
North America Propionic Acid Market Sales Revenue | $ 288.382 Million | $ 325.374 Million | $ 414.121 Million | 3.061% |
Canada Propionic Acid Market Sales Revenue | $ 27.108 Million | $ 31.529 Million | $ 42.696 Million | 3.863% |
United States Propionic Acid Market Sales Revenue | $ 237.627 Million | $ 267.002 Million | $ 336.805 Million | 2.946% |
Mexico Propionic Acid Market Sales Revenue | $ 23.647 Million | $ 26.843 Million | $ 34.621 Million | 3.231% |
Europe Propionic Acid Market Sales Revenue | $ 259.792 Million | $ 294.352 Million | $ 383.014 Million | 3.346% |
Sweden Propionic Acid Market Sales Revenue | $ 15.64 Million | $ 17.867 Million | $ 23.574 Million | 3.526% |
Germany Propionic Acid Market Sales Revenue | $ 54.764 Million | $ 63.227 Million | $ 86.485 Million | 3.993% |
Spain Propionic Acid Market Sales Revenue | $ 20.576 Million | $ 23.578 Million | $ 31.407 Million | 3.649% |
United Kingdom Propionic Acid Market Sales Revenue | $ 35.592 Million | $ 40.915 Million | $ 54.656 Million | 3.686% |
Luxembourg Propionic Acid Market Sales Revenue | $ 2.078 Million | $ 2.222 Million | $ 2.543 Million | 1.7% |
Russia Propionic Acid Market Sales Revenue | $ 15.432 Million | $ 16.601 Million | $ 19.495 Million | 2.029% |
Switzerland Propionic Acid Market Sales Revenue | $ 11.509 Million | $ 12.716 Million | $ 15.665 Million | 2.642% |
Italy Propionic Acid Market Sales Revenue | $ 29.409 Million | $ 32.967 Million | $ 41.902 Million | 3.043% |
Denmark Propionic Acid Market Sales Revenue | $ 11.171 Million | $ 12.51 Million | $ 15.933 Million | 3.07% |
France Propionic Acid Market Sales Revenue | $ 30.032 Million | $ 33.291 Million | $ 41.212 Million | 2.704% |
Rest of Europe Propionic Acid Market Sales Revenue | $ 33.591 Million | $ 38.457 Million | $ 50.14 Million | 3.372% |
Asia Pacific Propionic Acid Market Sales Revenue | $ 514.613 Million | $ 609.625 Million | $ 857.406 Million | 4.356% |
South Korea Propionic Acid Market Sales Revenue | $ 40.654 Million | $ 46.88 Million | $ 62.505 Million | 3.661% |
Taiwan Propionic Acid Market Sales Revenue | $ 23.158 Million | $ 26.884 Million | $ 36.663 Million | 3.954% |
India Propionic Acid Market Sales Revenue | $ 65.87 Million | $ 80.775 Million | $ 121.752 Million | 5.263% |
South East Asia Propionic Acid Market Sales Revenue | $ 29.333 Million | $ 35.907 Million | $ 53.416 Million | 5.09% |
Japan Propionic Acid Market Sales Revenue | $ 88.513 Million | $ 102.722 Million | $ 137.699 Million | 3.731% |
Singapore Propionic Acid Market Sales Revenue | $ 15.953 Million | $ 19.264 Million | $ 27.866 Million | 4.723% |
China Propionic Acid Market Sales Revenue | $ 177.541 Million | $ 211.54 Million | $ 301.378 Million | 4.524% |
Australia Propionic Acid Market Sales Revenue | $ 27.789 Million | $ 31.335 Million | $ 40.212 Million | 3.167% |
Rest of APAC Propionic Acid Market Sales Revenue | $ 45.801 Million | $ 54.318 Million | $ 75.915 Million | 4.273% |
South America Propionic Acid Market Sales Revenue | $ 72.096 Million | $ 84.843 Million | $ 117.082 Million | 4.108% |
Argentina Propionic Acid Market Sales Revenue | $ 10.67 Million | $ 12.837 Million | $ 18.581 Million | 4.731% |
Brazil Propionic Acid Market Sales Revenue | $ 26.171 Million | $ 30.628 Million | $ 41.822 Million | 3.97% |
Chile Propionic Acid Market Sales Revenue | $ 6.417 Million | $ 7.61 Million | $ 10.69 Million | 4.338% |
Peru Propionic Acid Market Sales Revenue | $ 5.984 Million | $ 6.998 Million | $ 9.516 Million | 3.918% |
Colombia Propionic Acid Market Sales Revenue | $ 12.905 Million | $ 15.165 Million | $ 20.26 Million | 3.687% |
Rest of South America Propionic Acid Market Sales Revenue | $ 9.949 Million | $ 11.605 Million | $ 16.213 Million | 4.269% |
Middle East Propionic Acid Market Sales Revenue | $ 55.936 Million | $ 65.58 Million | $ 89.765 Million | 4.002% |
Saudi Arabia Propionic Acid Market Sales Revenue | $ 16.445 Million | $ 19.339 Million | $ 26.624 Million | 4.077% |
Qatar Propionic Acid Market Sales Revenue | $ 6.6 Million | $ 7.667 Million | $ 10.333 Million | 3.801% |
Egypt Propionic Acid Market Sales Revenue | $ 9.565 Million | $ 11.09 Million | $ 14.739 Million | 3.621% |
UAE Propionic Acid Market Sales Revenue | $ 5.985 Million | $ 7.273 Million | $ 10.718 Million | 4.967% |
Turkey Propionic Acid Market Sales Revenue | $ 9.229 Million | $ 10.945 Million | $ 15.413 Million | 4.371% |
Rest of Middle East Propionic Acid Market Sales Revenue | $ 8.111 Million | $ 9.266 Million | $ 11.938 Million | 3.218% |
Africa Propionic Acid Market Sales Revenue | $ 52.207 Million | $ 63.127 Million | $ 82.844 Million | 3.456% |
South Africa Propionic Acid Market Sales Revenue | $ 20.726 Million | $ 25.541 Million | $ 35.059 Million | 4.039% |
Nigeria Propionic Acid Market Sales Revenue | $ 6.317 Million | $ 7.752 Million | $ 10.413 Million | 3.758% |
Rest of Africa Propionic Acid Market Sales Revenue | $ 25.164 Million | $ 29.834 Million | $ 37.371 Million | 2.856% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Application |
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Market Split by End User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Market Drivers:
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Market Restrains:
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Market Trends:
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Propionic Acid Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Increasing Demand for Food Preservatives
Propionic acid is widely used as a preservative in food products, particularly in baked goods, to prevent mold and bacterial growth, thereby extending shelf life. The rising global demand for processed and packaged foods drives the need for effective preservatives like propionic acid.
Growth in Animal Feed Industry
In the animal feed sector, propionic acid serves as a preservative to prevent spoilage and ensure the quality of feed. The increasing global demand for meat and dairy products leads to expanded livestock farming, thereby boosting the demand for propionic acid in animal feed.
Expansion of Agricultural Activities
Propionic acid is utilized in the production of herbicides, which are essential for effective weed control in crops. The growing need for food grains necessitates enhanced agricultural productivity, leading to increased use of herbicides and, consequently, propionic acid.
Health and Environmental Concerns
While propionic acid is generally recognized as safe, excessive consumption or exposure can lead to health issues. Additionally, environmental concerns regarding its use in herbicides may pose challenges to market growth.
Trade Barriers and Tariffs
Recent trade tensions have led to the imposition of anti-dumping duties on propionic acid imports from certain countries. For instance, China has imposed a 43.5% levy on U.S.-made propionic acid imports, affecting global trade dynamics and market accessibility.
Shift Towards Bio-Based Production
There's a growing emphasis on producing propionic acid through sustainable methods, such as fermentation using renewable biomass. This shift aligns with global sustainability goals and meets the increasing demand for eco-friendly chemicals.
Technological Advancements in Manufacturing
Innovations in production technologies are enhancing the efficiency and scalability of propionic acid manufacturing, aiming to reduce costs and improve product quality.
Diversification of Applications
Beyond food preservation, propionic acid is gaining prominence in pharmaceuticals, personal care products, and rubber manufacturing, expanding its application portfolio and driving market growth.
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Chemical and materials companies are facing some challenges including stringent rules & regulation, supply chain disruption along with raw material price volatility. Thus, some of the key players are adopting new technologies to enhance their product portfolio. Now days digital technologies play an important role in this sector because it improves efficiency, operations and productivity of the plant. This study helps you to understand the competitor’s revenue generation, key strategies, recent development coupled with its S.W.O.T analysis.
Top Companies Market Share in Propionic Acid Industry: (In no particular order of Rank)
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The regional analysis offers Propionic Acid market size, share and a detailed analysis for each region. This quantitative as well as qualitative information is crucial for new entrants along with companies operating in Propionic Acid market . Propionic Acid market production and consumption can vary significantly from one region to another owing to factors such as, the availability of raw materials, regulatory environments, and others.
The current report Scope analyzes Propionic Acid Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Propionic Acid Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Propionic Acid Industry growth. Propionic Acid market has been segmented with the help of its Application, End User , and others. Propionic Acid market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Quality management is the major parameter to meet specific standards and specifications, reliability and consistency. The chemical and material industry is full of various types of chemicals and it is necessary to focus on quality management because it may affect environment & other equipment. Raw materials plays an important role in this industry. The chemical industry converts these raw materials into primary, secondary, and tertiary products. Fluctuations in raw material prices may impact the market growth in the near future. This study includes the revenue generation of each type in each region for the year 2021 to 2033. Additionally it also provides detailed supply chain analysis along with current trends in the market which are expected to propel the market growth in the coming year.
Application of Propionic Acid analyzed in this report are as follows:
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Chemical and materials are one of the most important industries for other sectors including automotive, pharmaceutical, personal care, consumer goods and others. The demand for high quality and environment friendly products is increasing in various end-use sectors. Thus, key manufacturers are focusing on technological advancement in production of high-quality chemicals. The segment analysis will help to understand which is the most attractive application/end use sector. It also provides the year on year (Y-O-Y) growth rate for each segment. Moreover, this study includes the detailed analysis of each segment to understand the key positive and negative factors which are impacting the growth of the Propionic Acid Market.
Some of the key End User of Propionic Acid are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Propionic Acid Market is witnessing significant growth in the near future.
In 2023, the Animal Feed and Food Preservatives segment accounted for noticeable share of global Propionic Acid Market and is projected to experience significant growth in the near future.
The Agriculture segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Adisseo (France), BASF SE (Germany) and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Propionic acid is a water-soluble, colorless liquid with an unpleasant odor. The chemical formula of propionic acid is C3H6O2. It is a byproduct of the acetic acid manufacturing process.
Disclaimer:
Application | Animal Feed and Food Preservatives, Calcium, Ammonium and Sodium Salts, Cellulose Acetate Propionate, Herbicides, Plasticizers, Rubber Products |
End User | Agriculture, Food & Beverage, Personal Care, Pharmaceutical, Others |
List of Competitors | Adisseo (France), ADM (U.S.), BASF SE (Germany), BioProcess Algae LLC (U.S.), BTSA Biotechnologias Aplicadas S.L. (Spain), CORBION N.V, Croda International plc (U.K.), Dow Chemical, DSM (Netherlands), Eastman, Epax (Norway), Farbest Brands (U.S.), Glanbia Plc (Ireland), Hawkins Inc, Lonza Group (Switzerland), Merck KGaA, Orkla Health (Norway), Otto Chemie Pvt. Ltd, Perstorp, Rabar Pty Ltd (Australia), SternVitamin GmbH & Co. K.G. (Germany) |
This chapter will help you gain GLOBAL Market Analysis of Propionic Acid. Further deep in this chapter, you will be able to review Global Propionic Acid Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Propionic Acid. Further deep in this chapter, you will be able to review North America Propionic Acid Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Propionic Acid. Further deep in this chapter, you will be able to review Europe Propionic Acid Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Propionic Acid. Further deep in this chapter, you will be able to review Asia Pacific Propionic Acid Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Propionic Acid. Further deep in this chapter, you will be able to review South America Propionic Acid Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Propionic Acid. Further deep in this chapter, you will be able to review Middle East Propionic Acid Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Propionic Acid. Further deep in this chapter, you will be able to review Middle East Propionic Acid Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Propionic Acid. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Application Analysis 2019 -2031, will provide market size split by Application. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Application Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by End User Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Propionic Acid market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 13 Research Methodology and Sources
Why Animal Feed and Food Preservatives have a significant impact on Propionic Acid market? |
What are the key factors affecting the Animal Feed and Food Preservatives and Calcium of Propionic Acid Market? |
What is the CAGR/Growth Rate of Agriculture during the forecast period? |
By type, which segment accounted for largest share of the global Propionic Acid Market? |
Which region is expected to dominate the global Propionic Acid Market within the forecast period? |
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