Propionate Market: By Salt (Sodium Propionate, Calcium Propionate, Potassium Propionate), By Form (Dry and Liquid), By Application (Feed, Pharmaceuticals, Agriculture, Food preservative, Mold inhibitor, Antimicrobial Agents, Fungicides, Flavoring, and Cosmetics), and Geography  

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Propionate Market is valued at USD X billion in 2022 and is poised to grow at a significant CAGR of 3.5% over 2023-2029. Due to the growing demand for farm animals' products and fresh meals among consumers over the assessment period, the propionate market is expected to experience substantial growth. The benefits of a long-term supply of raw materials would come from improvements in research and innovation for propionic acid production. As time-pressed consumers embrace the convenience of freezers and microwave cooking, the demand for processed and ready-to-eat goods like toast, burgers, pizzas, hot dogs, cakes, and other comparable products is rising global scale. Such requirements are anticipated to benefit preservatives like calcium propionate shortly. Furthermore, customers place a high value on the durability and quality of the products they purchase. Artificial GRAS preservatives are now a necessary component of the baking sector. As a result of being deemed GRAS by the FDA and being a commercially viable and secure alternative for all manufacturers, sodium propionate has emerged as the preferred preservative for bakery goods. In the following period, it is projected that increasing technological advancements in the production of calcium propionate will create new market opportunities. Calcium propionate is frequently used as a preservative in beauty products to stop decomposition and maintain the pH of personal care products. Future years are expected to see increased demand for propionate due to the expanding beauty and personal care products market. Due to its high calcium concentration, calcium propionate helps food products retain their nutritious value while preserving food. With veganism and plant-based diets gaining popularity, customers are gravitating toward eating vegan dishes, further encouraging the use of calcium hydroxide since it is seen as a vegan ingredient. For instance, Swiss cheese contains up to 1% of the natural calcium propionic acid. Similar to this, commercial calcium propionate is manufactured, making it suitable for vegans and used in various ways.

Propionate Market Key Developments:
  • In January 2020, Perstorp participated at IPPE 2020 which is the largest annual trade show for the poultry, meat and feed industries in the Americas on January 28 – 30 2020 at Georgia, U.S. Through this exhibition, the company aims to promote their new products among other players.

Propionate Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

3.5%

Largest Market

North America

Fastest Growing Market

Asia-Pacific
Propionate Market Dynamics

The increased awareness among the agricultural community of sustainable grain collection and preservation techniques is driving the demand for sodium propionate in the farming and animal feed market. The rising demand for premium livestock and meat products is another major factor contributing to the increase in propionate demand in agrochemicals. The need for high-quality animal feed and feed additives like sodium propionate has increased due to growing public awareness about the ethical production of animal products. Preservatives are essential in this regard because of the strict laws and regulations relating to food safety and shelf life, which have made processing industries hungry to find the most acceptable formulation to present the best food product to the consumer.

Key Features of the Reports

  • The propionate market report provides granular level information about the market size, regional market share, historic market (2018-2022) and forecast (2023-2029)
  • The report covers in-detail insights about the competitor's overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Propionate Market Segmentation

By Salt
  • Sodium Propionate
  • Calcium Propionate
  • Potassium Propionate
By Form
  • Dry
  • Liquid
By Application
  • Feed
  • Pharmaceuticals
  • Agriculture
  • Food preservative
  • Mold inhibitor
  • Antimicrobial Agents
  • Fungicides
  • Flavoring
  • Cosmetics

Frequently Asked Questions

The propionate market is projected to expand at a CAGR of 3.4% during the forecast period.

AB Mauri, Perstorp Holdings AB, Niacet Corporation, Macco Organiques Inc., Kemira Oyj, Krishna chemicals

Asia Pacific is the fastest-growing region for propionate market

1.Executive Summary
2.Global Propionate Market Introduction 
2.1.Global Propionate Market  - Taxonomy
2.2.Global Propionate Market  - Definitions
2.2.1.Salt
2.2.2.Form
2.2.3.Application
2.2.4.Region
3.Global Propionate Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Propionate Market Analysis, 2018-2022 and Forecast 2023-2029
4.1.  Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Propionate Market  By Salt, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
5.1. Sodium Propionate
5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Calcium Propionate
5.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Potassium Propionate
5.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
6.Global Propionate Market  By Form, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
6.1. Dry
6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Liquid
6.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
7.Global Propionate Market  By Application, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
7.1. Feed
7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Pharmaceuticals
7.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Agriculture
7.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Food preservative
7.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
7.5. Mold inhibitor
7.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.5.3. Market Opportunity Analysis 
7.6. Antimicrobial Agents
7.6.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
7.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.6.3. Market Opportunity Analysis 
7.7. Fungicides
7.7.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
7.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.7.3. Market Opportunity Analysis 
7.8. Flavoring
7.8.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
7.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.8.3. Market Opportunity Analysis 
7.9. Cosmetics
7.9.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
7.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.9.3. Market Opportunity Analysis 
8.Global Propionate Market  By Region, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9.North America Propionate Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
9.1. Salt Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Sodium Propionate
9.1.2.Calcium Propionate
9.1.3.Potassium Propionate
9.2.  Form Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Dry
9.2.2.Liquid
9.3.  Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Feed
9.3.2.Pharmaceuticals
9.3.3.Agriculture
9.3.4.Food preservative
9.3.5.Mold inhibitor
9.3.6.Antimicrobial Agents
9.3.7.Fungicides
9.3.8.Flavoring
9.3.9.Cosmetics
9.4.  Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10.Europe Propionate Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
10.1. Salt Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Sodium Propionate
10.1.2.Calcium Propionate
10.1.3.Potassium Propionate
10.2.  Form Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Dry
10.2.2.Liquid
10.3.  Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Feed
10.3.2.Pharmaceuticals
10.3.3.Agriculture
10.3.4.Food preservative
10.3.5.Mold inhibitor
10.3.6.Antimicrobial Agents
10.3.7.Fungicides
10.3.8.Flavoring
10.3.9.Cosmetics
10.4.  Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
10.4.6.Rest of EU
10.4.7.
11.Asia Pacific (APAC) Propionate Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
11.1. Salt Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Sodium Propionate
11.1.2.Calcium Propionate
11.1.3.Potassium Propionate
11.2.  Form Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Dry
11.2.2.Liquid
11.3.  Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Feed
11.3.2.Pharmaceuticals
11.3.3.Agriculture
11.3.4.Food preservative
11.3.5.Mold inhibitor
11.3.6.Antimicrobial Agents
11.3.7.Fungicides
11.3.8.Flavoring
11.3.9.Cosmetics
11.4.  Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12.Middle East and Africa (MEA) Propionate Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
12.1. Salt Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Sodium Propionate
12.1.2.Calcium Propionate
12.1.3.Potassium Propionate
12.2.  Form Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Dry
12.2.2.Liquid
12.3.  Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Feed
12.3.2.Pharmaceuticals
12.3.3.Agriculture
12.3.4.Food preservative
12.3.5.Mold inhibitor
12.3.6.Antimicrobial Agents
12.3.7.Fungicides
12.3.8.Flavoring
12.3.9.Cosmetics
12.4.  Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13.Latin America Propionate Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million)
13.1. Salt Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Sodium Propionate
13.1.2.Calcium Propionate
13.1.3.Potassium Propionate
13.2.  Form Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Dry
13.2.2.Liquid
13.3.  Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Feed
13.3.2.Pharmaceuticals
13.3.3.Agriculture
13.3.4.Food preservative
13.3.5.Mold inhibitor
13.3.6.Antimicrobial Agents
13.3.7.Fungicides
13.3.8.Flavoring
13.3.9.Cosmetics
13.4.  Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.Perstorp Holdings AB
14.2.2.Niacet Corporation
14.2.3.Macco Organiques Inc.
14.2.4.AB Mauri
14.2.5.Kemira Oyj
14.2.6.Krishna chemicals
14.2.7.Fine Organics
14.2.8.M food chemicals Co. ltd.
15. Research Methodology 
16. Appendix and Abbreviations 
  • Perstorp Holdings AB
  • Niacet Corporation
  • Macco Organiques Inc.
  • AB Mauri
  • Kemira Oyj
  • Krishna chemicals
  • Fine Organics
  • M food chemicals Co. ltd.

Adjacent Markets