Food Grade Acetic Acid Market
Food Grade Acetic Acid Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Food Grade Acetic Acid Market Size and Growth
The Food Grade Acetic Acid market is experiencing growth driven by increasing demand in food preservation and flavor enhancement. As of 2023, market size is estimated to reach approximately $1.5 billion, reflecting rising consumer preferences for natural ingredients. Sustainability trends further bolster the market, indicating robust expansion opportunities ahead.
Companies Covered
(Covid 19 Impact Covered)
◍ BG Group
◍ Celanese
◍ LyondellBasell
◍ Eastman
◍ BASF
◍ Foodchem
◍ Lenzing AG
◍ BP Chemical
The Food Grade Acetic Acid Market features companies like BG Group, Celanese, LyondellBasell, Eastman, BASF, Foodchem, and Lenzing AG. They drive growth through diverse applications in food preservation, flavoring, and as a preservative. Notable revenue figures include:
- Celanese: ~$7 billion
- BASF: ~$80 billion
- LyondellBasell: ~$45 billion.
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Market Segmentation
By Application
Household
Commercial
Other
By Product
◍ 99.9% Acetic Acid
99.8% Acetic Acid
99.5% Acetic Acid
Other Grade
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Market Growth
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$ X Billion USD
