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Add to CartGlobal Propionic Acid for Animal Feed Market Growth, Share, Size, Trends and Forecast (2024 - 2030)
By Grade;
Biotech/Analytical (High Purity).By Technical;
Low Purity.By Process;
Oxo Process, Reppe Process and By-Product Process.By End-User;
Chemical, Agriculture, Healthcare, Personal Care and Food and Beverages.By Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).Introduction
Global Propionic Acid for Animal Feed Market (USD Million), 2020 - 2030
In the year 2023, the Global Propionic Acid for Animal Feed Market was valued at USD 2,416.09 million. The size of this market is expected to increase to USD 5,366.29 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 12.1%.
The Global Propionic Acid for Animal Feed Market is witnessing substantial growth as a result of the increasing emphasis on animal health and nutrition in livestock production practices worldwide. Propionic acid, a short-chain fatty acid, serves as a crucial additive in animal feed formulations due to its effectiveness in inhibiting the growth of mold and pathogenic bacteria, thereby extending the shelf life of feed and safeguarding animal health.
With the rising demand for high-quality animal products and the growing awareness of the importance of feed hygiene and safety, the adoption of propionic acid as a feed additive is gaining momentum across various segments of the livestock industry.Moreover, the global population's burgeoning appetite for meat and dairy products is driving the expansion of the animal feed market, creating a substantial demand for feed additives such as propionic acid.
As livestock producers seek to improve feed efficiency, reduce feed wastage, and ensure optimal animal performance, the incorporation of propionic acid into feed formulations has emerged as a cost-effective solution to address these challenges. Additionally, stringent regulations governing feed hygiene and safety standards are further propelling the demand for propionic acid in animal feed applications, as producers strive to comply with regulatory requirements and safeguard animal health and welfare. Overall, the Global Propionic Acid for Animal Feed Market is poised for significant growth, driven by the increasing focus on animal nutrition and the need for effective feed preservation solutions in livestock production.
Global Propionic Acid for Animal Feed Market Recent Developments & Report Snapshot
Recent Developments:
- September 2022: For the first time, BASF provides propionic acid (PA) and neopentyl glycol (NPG) with a cradle-to-gate product carbon footprint (PCF)1 of zero2. The products, branded "NPG ZeroPCF" and "PA ZeroPCF," are made at the BASF facility in Ludwigshafen Verbund, Germany. With its innovative Verbund production system and the biomass balance (BMB) method, BASF achieves the zero PCF for NPG and PA. In addition, BASF uses renewable energy in the production of NPG.
- In January 2021, Afyren Neoxy, the first industrial-scale factory for green chemistry synthesis of organic acids such as acetic acid, propionic acid, butyric acid, isobutyric acid, valeric acid, isovaleric acid, and hexanoic acid, was launched by Afyren, a biotechnology startup. Cosmetics, perfumes, flavours, pharmaceuticals, and fine chemicals will all benefit from this substance.
| Parameters | Description |
|---|---|
| Market | Global Propionic Acid for Animal Feed Market |
| Study Period | 2020 - 2030 |
| Base Year (for Propionic Acid for Animal Feed Market Size Estimates) | 2023 |
| Drivers |
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| Restraints |
|
| Opportunities |
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Segment Analysis
This report extensively covers different segments of Global Propionic Acid for Animal Feed Market and provides an in depth analysis (including revenue analysis for both historic and forecast periods) for all the market segments.
The segment analysis of the Global Propionic Acid for Animal Feed Market reveals a nuanced understanding of various factors driving market dynamics across different segments. By grade, the market is divided into biotech/analytical grade (high purity) and technical grade (low purity). High purity propionic acid finds extensive usage in animal feed applications due to its superior quality and effectiveness in inhibiting mold and bacterial growth, thus ensuring feed hygiene and animal health.
Low purity propionic acid is utilized in various industrial applications, including the production of chemicals and pharmaceuticals, contributing to the overall market dynamics.Furthermore, the market segmentation by process includes the oxo process, Reppe process, and by-product process. Each process offers distinct advantages and characteristics in terms of production efficiency, cost-effectiveness, and environmental impact. The choice of process can significantly impact the quality and purity of propionic acid, thereby influencing its suitability for animal feed applications.
Additionally, the end-user segmentation encompasses diverse industries such as agriculture, healthcare, personal care, and food and beverages, highlighting the versatile applications of propionic acid beyond animal feed. Overall, the segment analysis provides valuable insights into the multifaceted nature of the Global Propionic Acid for Animal Feed Market, enabling stakeholders to identify key growth opportunities and tailor their strategies.
Global Propionic Acid for Animal Feed Segment Analysis
In this report, the Global Propionic Acid for Animal Feed Market has been segmented by Grade, Technical, Process, End-User and Geography.
Global Propionic Acid for Animal Feed Market, Segmentation by Grade
The Global Propionic Acid for Animal Feed Market has been segmented by Grade into and Biotech/Analytical (High Purity).
The Global Propionic Acid for Animal Feed Market, segmented by grade, presents a comprehensive view of the market landscape, catering to diverse industrial needs and preferences. The bifurcation between Biotech/Analytical (High Purity) and Technical (Low Purity) grades reflects the distinct requirements across various applications within the animal feed sector. Biotech/Analytical grade propionic acid, characterized by its high purity levels, finds extensive utilization in the production of premium animal feed formulations where stringent quality standards are imperative.
This grade ensures superior effectiveness in inhibiting mold growth and pathogenic bacteria in feed, thus enhancing feed hygiene and extending shelf life, which is crucial for maintaining animal health and welfare.On the other hand, the Technical grade propionic acid, with lower purity levels, serves as a cost-effective alternative for applications where stringent purity requirements are not essential.
While it may not offer the same level of purity as the Biotech/Analytical grade, Technical grade propionic acid still exhibits significant antimicrobial properties, making it suitable for various animal feed formulations aimed at maintaining feed quality and ensuring livestock health. This segmentation enables stakeholders in the animal feed industry to choose propionic acid grades tailored to their specific requirements, balancing cost considerations with the desired level of performance and efficacy in feed preservation and animal health maintenance.
Global Propionic Acid for Animal Feed Market, Segmentation by Technical
The Global Propionic Acid for Animal Feed Market has been segmented by Technical into and Low Purity.
The segmentation of the Global Propionic Acid for Animal Feed Market by technical grade provides insights into the different purity levels and applications of propionic acid in various industries. Technical-grade propionic acid, characterized by its lower purity compared to biotech/analytical grade, finds extensive usage across multiple sectors. In the animal feed industry, technical-grade propionic acid serves as a crucial additive for preserving feed quality by inhibiting mold and bacterial growth, thus ensuring the safety and nutritional integrity of animal diets.
Its cost-effectiveness makes it a preferred choice for feed manufacturers seeking to optimize production processes while maintaining high standards of feed hygiene and safety.Additionally, technical-grade propionic acid finds applications beyond the animal feed sector, including in agriculture, chemical manufacturing, healthcare, personal care, and food and beverages. In agriculture, it is utilized as a preservative for silage, grain, and other harvested crops, helping to prevent spoilage and maintain feed quality during storage.
In the chemical industry, technical-grade propionic acid serves as a precursor for the synthesis of various chemicals and intermediates. Moreover, its antimicrobial properties make it a valuable ingredient in healthcare and personal care products, such as pharmaceuticals, cosmetics, and hygiene products, where it helps to inhibit the growth of harmful microorganisms. As a versatile compound with diverse applications, technical-grade propionic acid plays a significant role in various industries, contributing to its widespread use and market demand.
Global Propionic Acid for Animal Feed Market, Segmentation by Process
The Global Propionic Acid for Animal Feed Market has been segmented by Process into Oxo Process, Reppe Process and By-Product Process.
The segmentation of the Global Propionic Acid for Animal Feed Market by process provides insights into the various production methods employed to manufacture propionic acid. The Oxo Process, Reppe Process, and By-Product Process are the primary methods utilized in propionic acid production. The Oxo Process involves the oxidation of propylene with carbon monoxide and oxygen, leading to the formation of propionic acid. This process is widely adopted due to its efficiency and scalability, making it a preferred choice for large-scale propionic acid production.
The Reppe Process, on the other hand, utilizes acetylene and carbon monoxide as raw materials, undergoing a series of chemical reactions to produce propionic acid. While less common than the Oxo Process, the Reppe Process offers advantages such as high purity and versatility in product customization. Additionally, the By-Product Process involves the fermentation of sugars or carbohydrates by certain bacteria, leading to the production of propionic acid as a by-product. Although this method is typically associated with lower purity levels, it remains relevant in certain applications within the animal feed market due to its cost-effectiveness and sustainability.
The choice of production process for propionic acid can significantly impact factors such as product quality, cost-effectiveness, and environmental sustainability. As the demand for propionic acid for animal feed applications continues to rise, manufacturers are increasingly focusing on optimizing production processes to ensure efficient and sustainable manufacturing practices. Additionally, advancements in process technology and the emergence of novel production methods are expected to further shape the landscape of the Global Propionic Acid for Animal Feed Market, driving innovation and competitiveness among market players.
Global Propionic Acid for Animal Feed Market, Segmentation by End-User
The Global Propionic Acid for Animal Feed Market has been segmented by End-User into Chemical, Agriculture, Healthcare, Personal Care and Food and Beverages.
The segmentation of the Global Propionic Acid for Animal Feed Market by end-user provides insights into the diverse applications and industries leveraging propionic acid across the value chain. Within the end-user segment, the agriculture sector emerges as a primary contributor to market growth. Propionic acid is widely utilized in animal feed formulations within the agriculture industry due to its effectiveness in inhibiting mold and bacterial growth, thereby preserving feed quality and safeguarding animal health.
As livestock producers increasingly prioritize feed hygiene and safety to optimize animal performance and meet stringent regulatory standards, the demand for propionic acid as a feed additive continues to surge.Furthermore, the food and beverages sector represents another significant end-user segment driving the growth of the global propionic acid market.
Propionic acid finds extensive application in the food and beverage industry as a preservative, particularly in baked goods, dairy products, and processed meats. Its antimicrobial properties make it an effective ingredient for extending the shelf life of perishable food items and preventing spoilage. With consumers demanding fresher and safer food products, manufacturers in the food and beverage industry are increasingly incorporating propionic acid into their formulations to ensure product quality and meet consumer expectations for longer-lasting, healthier food options. Consequently, the food and beverages segment plays a crucial role in fueling the expansion of the global propionic acid market.
Global Propionic Acid for Animal Feed Market, Segmentation by Geography
In this report, the Global Propionic Acid for Animal Feed Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
The Global Propionic Acid for Animal Feed Market is segmented by geography to provide insights into regional trends and opportunities for market growth across different continents. North America, a prominent market for propionic acid, is expected to maintain a significant share owing to factors such as advanced agricultural practices, stringent regulations governing feed hygiene, and a strong focus on animal health and nutrition. Additionally, the presence of key players in the region investing in research and development activities to enhance feed preservation techniques further contributes to market growth.
North America's robust livestock industry, particularly in countries like the United States and Canada, drives the demand for propionic acid in animal feed applications as producers prioritize feed quality and safety to optimize animal performance and meet consumer demand for high-quality animal products.Europe also holds a considerable share in the global propionic acid for animal feed market, driven by stringent regulatory frameworks governing feed additives and a growing emphasis on sustainable agriculture practices.
Countries like Germany, France, and the Netherlands are major contributors to market growth, leveraging propionic acid to enhance feed preservation and ensure optimal animal health and productivity. Moreover, the increasing consumer demand for organic and naturally-preserved animal products further boosts the adoption of propionic acid in animal feed formulations across the European region. Overall, the geographical segmentation underscores the diverse landscape of the global propionic acid for animal feed market, with each region presenting unique opportunities and challenges for market players aiming to capitalize on emerging trends and demand dynamics.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Propionic Acid for Animal Feed Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers:
- Increasing Consumption in the food and beverage
- Growing demand for bio-based propionic acid
- Increasing concern for improving animal nutrition
- Demand for High-Quality Animal Products
- Rise in the use of propionic acid due to its medical advantages:The Global Propionic Acid for Animal Feed Market is experiencing a notable driver in the form of a rise in the use of propionic acid attributed to its medical advantages. Propionic acid, known for its antimicrobial properties, serves as a valuable additive in animal feed formulations due to its ability to inhibit the growth of mold and pathogenic bacteria. Beyond its role in preserving feed quality and extending shelf life, propionic acid also offers health benefits for livestock.
It aids in maintaining gut health by reducing the proliferation of harmful bacteria in the digestive tract, thereby promoting optimal nutrient absorption and overall animal well-being.This dual functionality of propionic acid, both as a preservative and a health-promoting agent, has spurred its increased adoption in animal feed across various segments of the livestock industry.The medical advantages of propionic acid extend beyond its direct impact on livestock health to potential indirect benefits for consumers. By enhancing the health and well-being of animals through the use of propionic acid in feed formulations, livestock producers can produce meat and dairy products with improved safety and quality.
This aligns with consumer preferences for products derived from animals raised in healthier and more sustainable conditions, driving the demand for propionic acid in animal feed applications. Consequently, the rise in the use of propionic acid due to its medical advantages not only benefits animal health and welfare but also contributes to meeting consumer expectations for safer and higher-quality animal-derived products in the Global Propionic Acid for Animal Feed Market.
Restraints:
- Supply chain disruptions will pose a threat
- Regulatory Hurdles
- Limited Awareness and Education
- Health Concerns and Consumer Perception
- Challenges in scaling up bio-based production:The Global Propionic Acid for Animal Feed Market faces a notable restraint in the form of challenges associated with scaling up bio-based production methods. While there is increasing interest in bio-based propionic acid due to its sustainability and environmental benefits compared to its petrochemical-derived counterpart, the transition to large-scale production presents significant hurdles. One key challenge lies in the development of efficient fermentation processes using renewable feedstocks, such as sugars or agricultural residues, to produce propionic acid.
Scaling up bio-based production to meet the demands of the animal feed market requires substantial investments in research and development to optimize fermentation conditions, enhance product yields, and ensure cost competitiveness against conventional production methods.The commercial viability of bio-based propionic acid is hindered by technological limitations and infrastructure constraints. The complexities involved in fermentation, downstream processing, and purification of propionic acid pose technical challenges that must be addressed to achieve consistent product quality and meet regulatory requirements.
Additionally, the establishment of robust supply chains and distribution networks for bio-based propionic acid presents logistical challenges, especially in regions where petrochemical-derived propionic acid dominates the market. Despite the potential environmental benefits of bio-based production, overcoming these scalability challenges remains a significant barrier to the widespread adoption of bio-based propionic acid in the animal feed industry, impacting the growth trajectory of the Global Propionic Acid for Animal Feed Market.
Opportunities:
- Rising Adoption of Organic Livestock Production
- Expansion of Livestock Industry in Emerging Markets
- Shift Towards Natural Feed Additives
- Growing Demand for Livestock Products
- Rise in number of strategic collaborations:The Global Propionic Acid for Animal Feed Market presents a promising opportunity with the rise in the number of strategic collaborations among industry players. These collaborations involve partnerships between feed additive manufacturers, livestock producers, research institutions, and regulatory bodies, aimed at enhancing product development, distribution channels, and market penetration.
By leveraging each other's expertise and resources, companies can accelerate innovation in propionic acid formulations tailored for animal feed applications, ensuring the delivery of high-quality and effective additives to meet the evolving needs of the livestock industry.Furthermore, strategic collaborations enable companies to expand their market reach and capitalize on emerging opportunities in diverse geographic regions.
Through joint ventures, licensing agreements, and distribution partnerships, market players can access new markets, establish strong distribution networks, and penetrate niche segments within the animal feed industry. Moreover, collaborations facilitate knowledge exchange, enabling participants to stay abreast of industry trends, regulatory changes, and technological advancements, thus enhancing their competitive positioning and driving sustainable growth in the Global Propionic Acid for Animal Feed Market.
Competitive Landscape Analysis
Key players in Global Propionic Acid for Animal Feed Market include:
- BASF-SE
- Dow
- Mitsubishi Chemical Corporation.
- Eastman Chemical Company
- Perstorp
- Hawkins, Inc.
- ADDCON GmbH
- ERBER Group
- Impextraco NV
- Kemin Industries, Inc
- KRISHNA CHEMICALS
- MACCO Organiques Inc.
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Grade
- Market Snapshot, By Technical
- Market Snapshot, By Process
- Market Snapshot, By End-User
- Market Snapshot, By Region
- Global Propionic Acid for Animal Feed Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Increasing Consumption in the food and beverage
- Growing demand for bio-based propionic acid
- Increasing concern for improving animal nutrition
- Demand for High-Quality Animal Products
- Rise in the use of propionic acid due to its medical advantages
- Restraints
- Supply chain disruptions will pose a threat
- Regulatory Hurdles
- Limited Awareness and Education
- Health Concerns and Consumer Perception
- Challenges in scaling up bio-based production
- Opportunities
- Rising Adoption of Organic Livestock Production
- Expansion of Livestock Industry in Emerging Markets
- Shift Towards Natural Feed Additives
- Growing Demand for Livestock Products
- Rise in number of strategic collaborations
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Propionic Acid for Animal Feed Market, By Grade, 2022 - 2032 (USD Million)
- Biotech/Analytical (High Purity)
- Global Propionic Acid for Animal Feed Market, By Technical, 2022 - 2032 (USD Million)
- Low Purity
- Global Propionic Acid for Animal Feed Market, By Process, 2022 - 2032 (USD Million)
- Oxo Process
- Reppe Process
- By-Product Process
- Global Propionic Acid for Animal Feed Market, By End-User, 2022 - 2032 (USD Million)
- Chemical
- Agriculture
- Healthcare
- Personal Care
- Food and Beverages
- Global Propionic Acid for Animal Feed Market, By Geography, 2022 - 2032 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Propionic Acid for Animal Feed Market, By Grade, 2022 - 2032 (USD Million)
- Competitive Landscape
- Company Profiles
- BASF-SE
- Dow
- Mitsubishi Chemical Corporation.
- Eastman Chemical Company
- Perstorp
- Hawkins, Inc.
- ADDCON GmbH
- ERBER Group
- Impextraco NV
- Kemin Industries, Inc
- KRISHNA CHEMICALS
- MACCO Organiques Inc.
- Company Profiles
- Analyst Views
- Future Outlook of the Market
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