Propionic Acid Market Size

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.