Europe Propionic Acid & Derivatives Market, By Product (Propionic Acid and Derivatives), Grade (Industrial Grade/Technical Grade, Food Grade, Feed Grade and Pharma Grade), Form (Dry and Liquid), Type (Encapsulated and Non-Encapsulated), Source (Natural and Synthetic), Application (Food & Beverage, Feed, Pharmaceuticals, Cosmetics, Home & Personal Care, Agriculture, Industrial and Others), Country (Germany, France, Spain, Turkey, U.K., Netherlands, Russia, Switzerland, Belgium, Italy and Rest of Europe) Industry Trends and Forecast to 2027
Market Analysis and Insights: Europe Propionic Acid and Derivatives Market
Propionic acid & derivatives market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing at a CAGR of 5.3% in the forecast period of 2020 to 2027 and expected to reach USD 711,710.41 Thousand by 2027.
Rising demand from feed and food preservative manufacturers are leading the growth of the market. Europe region is dominating due the increased demand for packaged food and processed food is the reason why the usage of propionic acid & derivatives has increased in the region.
This propionic acid & derivatives market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Europe Propionic Acid & Derivatives Market Scope and Market Size
Europe propionic acid & derivatives market is segmented into six notable segments which are based on the basis of product, grade, form, type, source, and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the Europe propionic acid & derivatives market is segmented into propionic acid and derivatives. In 2020, propionic acid has the largest market share owing to factors such as the increasing applications of propionic acid in various industries.
- On the basis of grade, the Europe propionic acid & derivatives market is segmented into industrial grade/technical grade, food grade, feed grade and pharma grade. In 2020, feed grade segment dominated the market owing to factors such as the increased use of propionic acid in feeds due to the property of propionic acid which acts as a mold inhibitor in the feed products.
- On the basis of form, the Europe propionic acid & derivatives market is segmented into dry and liquid. In 2020, liquid segment holds the largest market share owing to the less corrosive nature of liquid propionic acid.
- On the basis of type, the Europe propionic acid & derivatives market is segmented into encapsulated and non-encapsulated. In 2020, non-encapsulated segment dominated the market because it is easy to use in various products such as in animal feed products and most of the manufacturers are manufacturing non-encapsulated propionic acid.
- On the basis of source, the Europe propionic acid & derivatives market is segmented into natural and synthetic. In 2020, natural segment dominated the market because natural sources are available in larger proportion than synthetic sources and they are not harmful for the nature as well.
- On the basis of application, the Europe propionic acid & derivatives market is segmented into food & beverage, feed, pharmaceuticals, cosmetics, home & personal care, agriculture, industrial and others. In 2020, feed segment dominated the market because of increasing manufacturers for animal feed grade propionic acid due to the increasing use of propionic acid in feed products because of their benefits such as mold inhibitor.
Propionic Acid & Derivatives Market Country Level Analysis
Europe propionic acid & derivatives market is analysed and market size information is provided by product, grade, form, type, source, and application.
The countries covered in the propionic acid & derivatives market report are Germany, France, Spain, Turkey, U.K., Netherlands, Russia, Switzerland, Belgium, Italy and Rest of Europe.
Europe propionic acid & derivatives market is dominating the market due to their region because of the rising demand from feed and food preservative manufacturers in the region. The propionic acid is dominating the Germany market because of increasing demand for the packaged and processed foods. The U.K. market for propionic acid is expected to grow during the forecast period as the region due to the increased demand for the propionic acid from feed and food preservatives application from the manufacturers.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Europe brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Growth in the Propionic Acid & Derivatives industry
Europe propionic acid & derivatives market also provides you with detailed market analysis for every country growth in installed base of different kind of products for propionic acid & derivatives market, impact of technology using life line curves and changes in infant formula regulatory scenarios and their impact on the propionic acid & derivatives market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Propionic Acid & Derivatives Market Share Analysis
Europe propionic acid & derivatives market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to Europe propionic acid & derivatives market.
The major players covered in the report are EASTMAN CHEMICAL COMPANY, Kemin Industries, Inc., A.M FOOD CHEMICAL CO., LIMITED.A.M Food Chemcial Co., Limited., Perstorp, BASF SE Basf Se, Biomin, DowDow, Impextraco Nv, Palital Feed Additives B.V., Macco Organiques Inc., Finoric Llc, Spectrum Chemical Manufacturing Corp., Niacet, Monarch Chemicals Ltd, Celanese Corporation, Cayman Chemical, NOVUS INTERNATIONAL, Trouw Nutrition USA, LLC., Daicel Corporation Daicel Corporation and Krishna Chemicals, among other players domestic and global. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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