Propionic Acid Market size was over USD 1.18 billion in 2024 and is projected to reach USD 1.87 billion by 2037, growing at around 3.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of propionic acid is assessed at USD 1.21 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.
Growth Drivers
Challenges
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
3.6% |
Base Year Market Size (2024) |
USD 1.18 billion |
Forecast Year Market Size (2037) |
USD 1.87 billion |
Regional Scope |
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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 2037. 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 2037. 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:
Application |
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End User |
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Sales Channel |
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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 2037. 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.
Author Credits: Rajrani Baghel
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