Global Propionic Acid for Animal Feed In-Depth Monitoring and Development Analysis Report 2023
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In terms of market side, this report researches the Propionic Acid for Animal Feed revenue, growth rate, market share by manufacturers, by type, by application and by region (region level and country level), from 2018 to 2023, and forecast to 2029.
The propionic acid for animal feed market was valued at usd 1.82 billion in 2021 and is expected to reach usd 2.77 billion by 2029, registering a cagr of 5.40% during the forecast period of 2022 to 2029.
Competitive Landscape Analysis:
The main players in the Propionic Acid for Animal Feed market include Dow (US), BASF SE (Germany), Perstorp (Sweden), Eastman Chemical Company (U.S.), and Niacet, A Kerry Company (U.S.). The share of the top 3 players in the Propionic Acid for Animal Feed market is xx%.
REGION SHARE:
The report covers the market size information of North America, Europe, Asia Pacific, Latin America, Middle East and Africa, and North America accounted for xx%, Europe accounted for xx% of Propionic Acid for Animal Feed market, and Asia Pacific accounted for xx%.
Segmental Analysis
The report segments the market by Type and Application. Biotech/Analytical (High Purity) accounted for xx% of Propionic Acid for Animal Feed market in 2022. Technical (Low Purity) share of xx%.
Oxo Process accounted for xx% of the Propionic Acid for Animal Feed market in 2022. Reppe Process accounts for xx%.
Report Includes:
This report presents an overview of global market for Propionic Acid for Animal Feed. Analyses of the global market trends, with historic market revenue data for 2018 - 2022, estimates for 2023, and projections of CAGR through 2029.
This report researches the key players of Propionic Acid for Animal Feed, also provides the consumption of main regions and countries. Highlights of the upcoming market potential for Propionic Acid for Animal Feed, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.
This report focuses on the Propionic Acid for Animal Feed market share and industry ranking of main players, data from 2018 to 2023. Identification of the major stakeholders in the global Propionic Acid for Animal Feed market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type and by Application, from 2018 to 2029. Evaluation and forecast the market size for Propionic Acid for Animal Feed sales, projected growth trends, technology, application and end-user industry.
Digital technology is becoming more and more popular in agricultural value chain
Digital technology is becoming more and more popular in agricultural value chain, which reduces information asymmetry, improves transparency and raises output to a new high. So far, agricultural technology has promoted the development of agriculture in four "times" and continues to determine the maturity of producing countries.
For example, in terms of corn production, Africa and India are still in the first stage, known as the Green Revolution, which is characterized by the use of fertilizers and pesticides. Argentina, Brazil and China are in the stage of modern agriculture, which involves a new generation of crop protection products and new farming methods, such as mechanization. The European Union and the United States have developed into the 21st century agriculture characterized by precision agriculture-for example, using advanced analytical techniques to apply nutrients and crop protection products in different proportions.
In the next few years, only the producers who master precision agriculture can be ready to use the fourth era, that is, the next generation of agricultural technology. Although it is still far away, this era will be characterized by the the proliferation of biotechnologies, gene editing (such as CRISPR), and automation, including agricultural robots that will monitor fields and harvest crops.
Segmental Analysis
North America
United States
Canada
Asia Pacific
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Nordic
Latin America
Brazil
Argentina
Colombia
Mexico
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
Some of the Top Market Players Covered Are:
Dow (US)
BASF SE (Germany)
Perstorp (Sweden)
Eastman Chemical Company (U.S.)
Niacet, A Kerry Company (U.S.)
Macco Organiques Inc. (Canada)
Mitsubishi Chemical Corporation (Japan)
Hawkins (U.S.)
ADDCON GmbH (Germany)
Impextraco NV (Belgium)
Kemin Industries, Inc. (U.S.)
Krishna Chemicals (India)
Prathista Industries Limited (India)
OXEA GmbH (Germany)
Merck KGaA (Germany)
Titan Biotech (India)
NOVUS INTERNATIONAL (USA)
Daicel Corporation (Japan)
Celanese Corporation (US)
Corbion NV (Netherlands)
Otto Chemie Pvt. Ltd. (India)
Market outlook by product/service type:
Biotech/Analytical (High Purity)
Technical (Low Purity)
Market outlook by Application :
Oxo Process
Reppe Process
By-Product Process
Table of Content
1 Propionic Acid for Animal Feed Market Introduction and Overview
1.1 Propionic Acid for Animal Feed Definition
1.2 Market Size Analysis by Types
1.3 Market Size Analysis by Application
1.4 Research Purposes
1.5 Report Timeline
1.6 Economic Analysis of Global Regions
2 Propionic Acid for Animal Feed Manufacturing Cost Analysis
2.1 Propionic Acid for Animal Feed Key Raw Materials Analysis
2.1.1 Key Raw Materials
2.1.2 Price Trend of Key Raw Materials
2.1.3 Key Suppliers of Raw Materials
2.2 Proportion of Manufacturing Cost Structure
2.2.1 Raw Materials
2.2.2 Labor Cost
2.2.3 Manufacturing Expenses
2.3 Manufacturing Process Analysis of Propionic Acid for Animal Feed
2.4 Propionic Acid for Animal Feed Industrial Chain Analysis
3 Global Market Growth Trends Analysis
3.1 Global Propionic Acid for Animal Feed Market Size & Forecast (2018-2029)
3.2 Propionic Acid for Animal Feed Growth Trends Analysis by Regions
3.2.1 Propionic Acid for Animal Feed Market Size by Regions: 2018 VS 2023 VS 2029
3.2.2 Propionic Acid for Animal Feed Historic Market Size by Regions (2018-2023)
3.2.3 Propionic Acid for Animal Feed Forecasted Market Size by Regions (2023-2029)
3.2.4 North America Propionic Acid for Animal Feed Market Size & Forecast (2018-2029)
3.2.5 Europe Propionic Acid for Animal Feed Market Size & Forecast (2018-2029)
3.2.6 Asia-Pacific Propionic Acid for Animal Feed Market Size & Forecast (2018-2029)
3.2.7 Latin America Propionic Acid for Animal Feed Market Size & Forecast (2018-2029)
3.2.8 Middle East & Africa Propionic Acid for Animal Feed Market Size & Forecast (2018-2029)
4 North America
4.1 North America Propionic Acid for Animal Feed Revenue by Countries
4.1.1 North America Propionic Acid for Animal Feed Revenue by Countries (2018-2029)
4.1.2 North America Propionic Acid for Animal Feed Sales by Countries (2018-2029)
4.2 North America Propionic Acid for Animal Feed Revenue by Players
4.3 North America Propionic Acid for Animal Feed Sales by Types
4.4 North America Propionic Acid for Animal Feed Sales by Applications
4.5 United States
4.6 Canada
5 Asia Pacific
5.1 Asia Pacific Propionic Acid for Animal Feed Revenue by Countries
5.1.1 Asia Pacific Propionic Acid for Animal Feed Revenue by Countries (2018-2029)
5.1.2 Asia Pacific Propionic Acid for Animal Feed Sales by Countries (2018-2029)
5.2 Asia Pacific Propionic Acid for Animal Feed Revenue by Players
5.3 Asia Pacific Propionic Acid for Animal Feed Sales by Types
5.4 Asia Pacific Propionic Acid for Animal Feed Sales by Applications
5.5 China
5.6 Japan
5.7 Korea
5.8 Southeast Asia
5.9 India
5.10 Australia
6 Europe
6.1 Europe Propionic Acid for Animal Feed Revenue by Countries
6.1.1 Europe Propionic Acid for Animal Feed Revenue by Countries (2018-2029)
6.1.2 Europe Propionic Acid for Animal Feed Sales by Countries (2018-2029)
6.2 Europe Propionic Acid for Animal Feed Revenue by Players
6.3 Europe Propionic Acid for Animal Feed Sales by Types
6.4 Europe Propionic Acid for Animal Feed Sales by Applications
6.5 Germany
6.6 France
6.7 UK
6.8 Italy
6.9 Russia
6.10 Spain
6.11 Nordic
7 Latin America
7.1 Latin America Propionic Acid for Animal Feed Revenue by Countries
7.1.1 Latin America Propionic Acid for Animal Feed Revenue by Countries (2018-2029)
7.1.2 Latin America Propionic Acid for Animal Feed Sales by Countries (2018-2029)
7.2 Latin America Propionic Acid for Animal Feed Revenue by Players
7.3 Latin America Propionic Acid for Animal Feed Sales by Types
7.4 Latin America Propionic Acid for Animal Feed Sales by Applications
7.5 Brazil
7.6 Argentina
7.7 Colombia
7.8 Mexico
8 Middle East & Africa
8.1 Middle East & Africa Propionic Acid for Animal Feed Revenue by Countries
8.1.1 Middle East & Africa Propionic Acid for Animal Feed Revenue by Countries (2018-2029)
8.1.2 Middle East & Africa Propionic Acid for Animal Feed Sales by Countries (2018-2029)
8.2 Middle East & Africa Propionic Acid for Animal Feed Revenue by Players
8.3 Middle East & Africa Propionic Acid for Animal Feed Sales by Types
8.4 Middle East & Africa Propionic Acid for Animal Feed Sales by Applications
8.5 Egypt
8.6 South Africa
8.7 Israel
8.8 Turkey
8.9 GCC Countries
9 Global Propionic Acid for Animal Feed Historical and Forecast Market Analysis by Type
9.1 Global Propionic Acid for Animal Feed Revenue and Market Share by Type
9.2 Global Propionic Acid for Animal Feed Sales and Market Share by Type
9.3 Global Propionic Acid for Animal Feed Revenue Market Forecast by Type (2023-2029)
9.4 Global Propionic Acid for Animal Feed Sales Market Forecast by Type (2023-2029)
10 Global Propionic Acid for Animal Feed Historical and Forecast Market Analysis by Application
10.1 Global Propionic Acid for Animal Feed Revenue Market Share by Application (2018-2023)
10.2 Global Propionic Acid for Animal Feed Sales Market Share by Application (2018-2023)
10.3 Propionic Acid for Animal Feed Revenue Market Forecast by Application (2023-2029)
10.4 Propionic Acid for Animal Feed Sales Market Forecast by Application (2023-2029)
11 Propionic Acid for Animal Feed Industry Dynamic Analysis
11.1 Propionic Acid for Animal Feed Market Trends Analysis
11.2 Propionic Acid for Animal Feed Market Drivers Analysis
11.3 Propionic Acid for Animal Feed Market Challenges Analysis
11.4 Propionic Acid for Animal Feed Market Restraints Analysis
11.5 Propionic Acid for Animal Feed Industry Mergers & Acquisitions
11.6 Propionic Acid for Animal Feed Industry New Entrants and Expansion Plans
12 Market Channel, Distributors, Traders and Dealers
12.1 Market Channel Status
12.1.1 Direct Marketing
12.1.2 Indirect Marketing
12.2 Propionic Acid for Animal Feed Typical Distributors
12.3 Propionic Acid for Animal Feed Typical Customers
13 Players Profiles13.1 Dow (US)
13.1.1 Dow (US) Company Profile
13.1.2 Propionic Acid for Animal Feed Product Overview
13.1.3 Dow (US) Propionic Acid for Animal Feed Market Performance (2018-2023)
13.1.4 Dow (US) Business Overview
13.2 BASF SE (Germany)
13.2.1 BASF SE (Germany) Company Profile
13.2.2 Propionic Acid for Animal Feed Product Overview
13.2.3 BASF SE (Germany) Propionic Acid for Animal Feed Market Performance (2018-2023)
13.2.4 BASF SE (Germany) Business Overview
13.3 Perstorp (Sweden)
13.3.1 Perstorp (Sweden) Company Profile
13.3.2 Propionic Acid for Animal Feed Product Overview
13.3.3 Perstorp (Sweden) Propionic Acid for Animal Feed Market Performance (2018-2023)
13.3.4 Perstorp (Sweden) Business Overview
13.4 Eastman Chemical Company (U.S.)
13.4.1 Eastman Chemical Company (U.S.) Company Profile
13.4.2 Propionic Acid for Animal Feed Product Overview
13.4.3 Eastman Chemical Company (U.S.) Propionic Acid for Animal Feed Market Performance (2018-2023)
13.4.4 Eastman Chemical Company (U.S.) Business Overview
13.5 Niacet, A Kerry Company (U.S.)
13.5.1 Niacet, A Kerry Company (U.S.) Company Profile
13.5.2 Propionic Acid for Animal Feed Product Overview
13.5.3 Niacet, A Kerry Company (U.S.) Propionic Acid for Animal Feed Market Performance (2018-2023)
13.5.4 Niacet, A Kerry Company (U.S.) Business Overview
13.6 Macco Organiques Inc. (Canada)
13.6.1 Macco Organiques Inc. (Canada) Company Profile
13.6.2 Propionic Acid for Animal Feed Product Overview
13.6.3 Macco Organiques Inc. (Canada) Propionic Acid for Animal Feed Market Performance (2018-2023)
13.6.4 Macco Organiques Inc. (Canada) Business Overview
13.7 Mitsubishi Chemical Corporation (Japan)
13.7.1 Mitsubishi Chemical Corporation (Japan) Company Profile
13.7.2 Propionic Acid for Animal Feed Product Overview
13.7.3 Mitsubishi Chemical Corporation (Japan) Propionic Acid for Animal Feed Market Performance (2018-2023)
13.7.4 Mitsubishi Chemical Corporation (Japan) Business Overview
13.8 Hawkins (U.S.)
13.8.1 Hawkins (U.S.) Company Profile
13.8.2 Propionic Acid for Animal Feed Product Overview
13.8.3 Hawkins (U.S.) Propionic Acid for Animal Feed Market Performance (2018-2023)
13.8.4 Hawkins (U.S.) Business Overview
13.9 ADDCON GmbH (Germany)
13.9.1 ADDCON GmbH (Germany) Company Profile
13.9.2 Propionic Acid for Animal Feed Product Overview
13.9.3 ADDCON GmbH (Germany) Propionic Acid for Animal Feed Market Performance (2018-2023)
13.9.4 ADDCON GmbH (Germany) Business Overview
13.10 Impextraco NV (Belgium)
13.10.1 Impextraco NV (Belgium) Company Profile
13.10.2 Propionic Acid for Animal Feed Product Overview
13.10.3 Impextraco NV (Belgium) Propionic Acid for Animal Feed Market Performance (2018-2023)
13.10.4 Impextraco NV (Belgium) Business Overview
13.11 Kemin Industries, Inc. (U.S.)
13.11.1 Kemin Industries, Inc. (U.S.) Company Profile
13.11.2 Propionic Acid for Animal Feed Product Overview
13.11.3 Kemin Industries, Inc. (U.S.) Propionic Acid for Animal Feed Market Performance (2018-2023)
13.11.4 Kemin Industries, Inc. (U.S.) Business Overview
13.12 Krishna Chemicals (India)
13.12.1 Krishna Chemicals (India) Company Profile
13.12.2 Propionic Acid for Animal Feed Product Overview
13.12.3 Krishna Chemicals (India) Propionic Acid for Animal Feed Market Performance (2018-2023)
13.12.4 Krishna Chemicals (India) Business Overview
13.13 Prathista Industries Limited (India)
13.13.1 Prathista Industries Limited (India) Company Profile
13.13.2 Propionic Acid for Animal Feed Product Overview
13.13.3 Prathista Industries Limited (India) Propionic Acid for Animal Feed Market Performance (2018-2023)
13.13.4 Prathista Industries Limited (India) Business Overview
13.14 OXEA GmbH (Germany)
13.14.1 OXEA GmbH (Germany) Company Profile
13.14.2 Propionic Acid for Animal Feed Product Overview
13.14.3 OXEA GmbH (Germany) Propionic Acid for Animal Feed Market Performance (2018-2023)
13.14.4 OXEA GmbH (Germany) Business Overview
13.15 Merck KGaA (Germany)
13.15.1 Merck KGaA (Germany) Company Profile
13.15.2 Propionic Acid for Animal Feed Product Overview
13.15.3 Merck KGaA (Germany) Propionic Acid for Animal Feed Market Performance (2018-2023)
13.15.4 Merck KGaA (Germany) Business Overview
13.16 Titan Biotech (India)
13.16.1 Titan Biotech (India) Company Profile
13.16.2 Propionic Acid for Animal Feed Product Overview
13.16.3 Titan Biotech (India) Propionic Acid for Animal Feed Market Performance (2018-2023)
13.16.4 Titan Biotech (India) Business Overview
13.17 NOVUS INTERNATIONAL (USA)
13.17.1 NOVUS INTERNATIONAL (USA) Company Profile
13.17.2 Propionic Acid for Animal Feed Product Overview
13.17.3 NOVUS INTERNATIONAL (USA) Propionic Acid for Animal Feed Market Performance (2018-2023)
13.17.4 NOVUS INTERNATIONAL (USA) Business Overview
13.18 Daicel Corporation (Japan)
13.18.1 Daicel Corporation (Japan) Company Profile
13.18.2 Propionic Acid for Animal Feed Product Overview
13.18.3 Daicel Corporation (Japan) Propionic Acid for Animal Feed Market Performance (2018-2023)
13.18.4 Daicel Corporation (Japan) Business Overview
13.19 Celanese Corporation (US)
13.19.1 Celanese Corporation (US) Company Profile
13.19.2 Propionic Acid for Animal Feed Product Overview
13.19.3 Celanese Corporation (US) Propionic Acid for Animal Feed Market Performance (2018-2023)
13.19.4 Celanese Corporation (US) Business Overview
13.20 Corbion NV (Netherlands)
13.20.1 Corbion NV (Netherlands) Company Profile
13.20.2 Propionic Acid for Animal Feed Product Overview
13.20.3 Corbion NV (Netherlands) Propionic Acid for Animal Feed Market Performance (2018-2023)
13.20.4 Corbion NV (Netherlands) Business Overview
13.21 Otto Chemie Pvt. Ltd. (India)
13.21.1 Otto Chemie Pvt. Ltd. (India) Company Profile
13.21.2 Propionic Acid for Animal Feed Product Overview
13.21.3 Otto Chemie Pvt. Ltd. (India) Propionic Acid for Animal Feed Market Performance (2018-2023)
13.21.4 Otto Chemie Pvt. Ltd. (India) Business Overview
14 Research Findings and Conclusion
Research Methodology:
Global Propionic Acid for Animal Feed In Depth Monitoring and Development Market Size Estimation
To estimate market size and trends, we use a combination of top-down and bottom-up methods. This allows us to evaluate the market from various perspectives—by company, region, product type, and end users.
Our estimates are based on actual sales data, excluding any discounts. Segment breakdowns and market shares are calculated using weighted averages based on usage rates and average prices. Regional insights are determined by how widely a product or service is adopted in each area.
Key companies are identified through secondary sources like industry reports and company filings. We then verify revenue estimates and other key data points through primary research, including interviews with industry experts, company executives, and decision-makers.
We take into account all relevant factors that could influence the market and validate our findings with real-world input. Our final insights combine both qualitative and quantitative data to provide a well-rounded view. Please note, these estimates do not account for unexpected changes such as inflation, economic downturns, or policy shifts.
Data Source
Secondary Sources
This study draws on a wide range of secondary sources, including press releases, annual reports, non-profit organizations, industry associations, government agencies, and customs data. We also referred to reputable databases and directories such as Bloomberg, Wind Info, Hoovers, Factiva, Trading Economics, Statista, and others. Additional references include investor presentations, company filings (e.g., SEC), economic data, and documents from regulatory and industry bodies.
These sources were used to gather technical and market-focused insights, identify key players, analyze market segmentation and classification, and track major trends and developments across industries.
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Primary Sources
As part of our primary research, we interviewed a variety of stakeholders from both the supply and demand sides to gather valuable qualitative and quantitative insights.
On the supply side, we spoke with product manufacturers, competitors, industry experts, research institutions, distributors, traders, and raw material suppliers. On the demand side, we engaged with business leaders, marketing and sales heads, technology and innovation directors, supply chain executives, and end users across key organizations.
These conversations helped us better understand market segmentation, pricing, applications, leading players, supply chains, demand trends, industry outlook, and key market dynamics—including risks, opportunities, barriers, and strategic developments.
Key Data Information from Primary Sources
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