Propionic Acid Market Size & Share, by Application (Animal Feed, Grain Preservatives, Food Preservatives, Herbicides, Cellulose Acetate Propionate), End User (Agriculture, Food & Beverage, Personal Care, Pharmaceutical), Sales Channel (Direct Sale, Indirect Sale) - Global Supply & Demand Analysis & Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5779
  • Published Date: May 01, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

Propionic Acid Market size is expected to reach USD 32 billion by the end of 2036, growing at a CAGR of 6% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of propionic acid was over USD 18 billion. The hectic lifestyle of people across the world has propelled the demand for food preservatives, with propionic acid emerging as a key player in this domain and this will primarily boost the market size.

According to respondents of a survey committed globally, they work on skilled projects for pay for roughly 33% of their days, which is more than they did the year before. Propionic acid, known for its efficacy in inhibiting the growth of molds and bacteria, is widely utilized in preserving baked goods, dairy products, and animal feed. This growth driver is underpinned by the food industry's imperative to enhance product longevity, prevent spoilage, and maintain freshness throughout the supply chain.

In addition, the propionic acid landscape expansion massively depends on another factor which is the massive demand for propionic acid as grain preservatives globally. The concentrations of propionic acid allowed the grains to retain their nutritional value and germinability.

 Following a year of storage, the percentages of germination from gunny bags, Bukhari, and Kothi were 77, 75, and 74%, respectively. For a full year of storage, the protein, sugar, reducing sugars, and starch contents of the grains were maintained in gunny bags; losses in kothi and Bukhari were likewise minimal. This will assist the propionic acid market share to increase massively.

Propionic Acid Market
Get more information on this report: Request Free Sample PDF

Propionic Acid Market: Growth Drivers and Challenges

Growth Drivers

  • Growing animal feed market and livestock production - Animal feed is an indispensable part of contemporary livestock production since it provides the vital nutrients needed for animal development, health, and productivity. It is made up of a variety of nutrients, including proteins, carbs, vitamins, and minerals, that are specifically tailored to satisfy the dietary requirements of diverse animal species. Animal feed is used in many industries, such as aquaculture, pet care, cattle, and poultry.
    Propionic acid reduces mold and yeast and preserves grain, corn, and complex feed in animal feed applications. It enhances fermentation in applications involving silage. In addition, it is used as a synthetic building block for the synthesis of solvents, thermoplastics, crop protection agents, and seed treatment. This makes propionic acid an integral agent in producing and keeping animal feed and thus, pushes the propionic acid market revenue to have the anticipated gains.
  • Growing bakery and confectionery industry - The rising bakery and confectionery industry will help to raise the demand for propionic acid even more. They are especially important in baking because they prevent the growth of bacteria, yeasts, and molds, which can compromise the safety and quality of baked goods. They prolong the freshness, texture, and flavor of bread, cakes, and other baked items. Additionally, they are essential in preserving the items' aesthetic appeal by halting the growth of mold and unwanted alterations to their color and consistency.
    The demand for exquisite breads and pastries is rising at the start of the twenty-first century—even faster than aspiring chefs can be taught. All these culinary applications are possible if the bakery products remain fresh and for that propionic acid is required in every bakery and confectionary station.
  • Stringent food safety regulations - A vital component of the food manufacturing process is food safety. Food products tainted by poor food safety procedures may cause serious sickness or even death. Therefore, the government in every country is strict about the food safety regulations they impose in their country, especially regarding food preservatives like propionic acid. Propionic acid doesn’t contain plenty of health problems which is why propionic acid is a choice for different food safety governments. This factor is further supporting the growth of propionic acid market.


  • Low yield of productivity - The low production yield of the current models is one of their main drawbacks. As a result, numerous plans have been put out to get around this problem. It should be remembered, too, that elevated propionic acid concentrations impede the production of carboxylate during fermentation.
    Extractive fermentation is a useful technique for eliminating excess propionic acid. Reduced levels of byproducts and increased product yield are guaranteed by low acid content. Propionic acid fermentation has several restrictions, including the production of organic acids and the suppression of cell development during the process. This can hinder the propionic acid market growth rate by the projection period.
  • Propionic acid cannot be produced industrially by fermentation unless the process costs are comparable to those of producing a PA by petrochemical methods such as ethylene carbonylation, hydrocarbons, and propanol oxidation.
  • Competition from alternative preservatives

Propionic Acid: Key Insights

Base Year


Forecast Year




Base Year Market Size (2023)

~ USD 18 Billion

Forecast Year Market Size (2036)

~ USD 32 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of Middle East and Africa)
Get more information on this report: Request Free Sample PDF

Propionic Acid Segmentation

Application (Animal Feed, Grain Preservatives, Food Preservatives, Herbicides)

The herbicides segment is estimated to hold 45% share of the global propionic acid market in the year 2036. The rising global population will impose pressure on the agricultural industry to produce more food for the growing population and therefore herbicides are used to control the weeds to grow cultivation. The Food and Agriculture Organization (FAO) projects that by 2050, there will be 9.8 billion people on the planet, up from 7.55 billion in 2017. The demand for grain is predicted to rise at least 2.2 times between 1970 and 2020 (or 2.5 billion tons) to go along with this growth.

As a result, it is evident that at the current rates of grain production, it will not be possible to sustain the balance between the supply and demand of grain in the future. Apart from the adverse consequences of global warming, it is impractical to anticipate a swift increase in arable land in tandem with the escalating need for grain production due to population expansion. Considering all these aspects, the propionic acid market will witness significant revenue in this segment.

End User (Agriculture, Food & Beverage, Personal Care, Pharmaceutical)

The food & beverage segment in the propionic acid market is anticipated to garner a significant share in the year 2036. The growth of this segment will rely on increasing lifestyle changes in people globally and the demand for packaged food with preservatives like propionic acid. Food availability has also expanded as a result of declining food prices and rising income levels. Over the past 50 years, this has led to significant shifts in food consumption. In addition to examining food consumption (availability) trends and forecasts for various parts of the world as well as for the year 2050.

To extend their shelf life, baked goods, and cheese are also treated with acid. Accordingly, rather than using the chemical counterparts, the acid's esters are used as synthetic flavorings or solvents. This increasing demand for natural preservatives will further increase the propionic acid market size expansion.

Our in-depth analysis of the global propionic acid market includes the following segments:


  • Animal Feed
  • Grain Preservatives
  • Food Preservatives
  • Herbicides

          End User

  • Agriculture
  • Food & Beverage
  • Personal Care
  • Pharmaceutical

          Sales Channel

  • Direct Sale
  • Indirect Sale

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Propionic Acid Industry - Regional Synopsis

APAC Market Statistics

The propionic acid market in the Asia Pacific region is projected to hold the largest revenue share of 41% by the end of 2036. The APAC region will encounter this huge expansion in the market because of the rising agriculture industry in countries like China, India, Japan, etc. For instance, China consistently provides farmers with subsidies to purchase machinery, and three types of grains have seen agricultural mechanization realized, with 95% of wheat being mechanized by 2020.

These countries in the Asia Pacific region use propionic acid such as herbicides to reduce the production of weeds in crop cultivation. The propionic acid is beneficial for crop protection. Weed control is the aim of contemporary industrial herbicides. The weed species that currently wreak havoc on crops are a holdover from earlier times, having roots in the development of agricultural techniques and crops over time. Inorganic compounds were first used in chemical weed control more than a century ago and then came the era of organic herbicides.

European Market Analysis

The propionic acid market in the European region is projected to hold the second-largest share during the foreseen period. The enlargement of this region’s market will be propelled by the increasing cosmetic care in this region and propionic acid is used in the cosmetics as well. Propionic acid helps regulate the pH of cosmetic products and shields them against deterioration by inhibiting the growth of bacteria. As a result, the personal care industry uses it extensively.

Since cosmetics have been used for thousands of years, the great majority of Europe's 500 million customers utilize them daily to maintain their health, improve their quality of life, and increase their self-esteem. Certain cosmetic and personal care items are predicted to have a near-100% market penetration rate in the EU. In France, 98% of adult women and 94% of adult men use liquid shampoo, whereas deodorant usage is nearly universal in the UK, where 94% of women and 87% of men use deodorants.

Research Nester
Propionic Acid Market size
Get more information on this report: Request Free Sample PDF

Companies Dominating the Propionic Acid Landscape

    • Eastman Chemical Company
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • BASF SE
    • Dow Inc.
    • Perstorp Holding AB
    • Celanese Corporation
    • Biomin Holding GmbH
    • Kemin Industries, Inc.
    • Daicel Corporation
    • Hawkins, Inc.

In the News

  • BASF SE is following its designation as Carbon Neutral by the Carbon Trust and now providing propionic acid and neopentyl glycol with a carbon impact that is zero.
  • Eastman Chemical Company and Sealed Air declared the launch of a disposable lightweight tray styled as a drop-in substitute for polystyrene foam trays in protein packaging.

Author Credits:  Smruti Ranjan, Rajrani Baghel

  • Report ID: 5779
  • Published Date: May 01, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The hectic lifestyle of people across the world has propelled the demand for food preservatives, with propionic acid emerging as a key player in this domain majorly driving the market growth of the propionic acid market.

The market size of propionic acid is anticipated to attain a CAGR of 6% over the forecast period, i.e., 2024-2036.

The major players in the market Eastman Chemical Company, BASF SE, Dow Inc., Perstorp Holding AB, Celanese Corporation, and others.

The herbicides segment is anticipated to reap the largest market size with almost 45% by the end of 2036 and demonstrate substantial growth scopes.

The market in the APAC region is expected to have the largest market share by the end of 2036 and provide more business opportunities in the future.
Propionic Acid Market Report Scope

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying