Food Grade Propionic Acid Market
Food Grade Propionic Acid Market Scope: Industry
Analysis, Market Size, Growth, Trends Till 2031
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Food Grade Propionic Acid Market Size and Growth
The Food Grade Propionic Acid market is experiencing steady growth, driven by increasing demand in the food preservation and bakery sectors. The global market size is projected to reach approximately USD 490 million by 2028, reflecting a CAGR of around 5.3% as industries prioritize safer, effective food additives.
Companies Covered
(Covid 19 Impact Covered)
◍ BASF
◍ Dow
◍ Perstorp
◍ Eastman
◍ BASF-YPC
◍ SINOPEC Qilu
◍ Yancheng Huade
◍ Yancheng Hongtai
◍ Shanghai Jianbei
The Food Grade Propionic Acid Market features key players like BASF, Dow, Perstorp, and Eastman, leveraging propionic acid for food preservation and animal feed. They drive market growth through innovation and strategic partnerships. Revenue highlights include:
- BASF: €57 billion
- Dow: $55 billion
- Perstorp: €1.2 billion
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Market Segmentation
By Application
Soy Products
Bread
Pastry
Vinegar
Soy Sauce
Other
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By Product
Market Growth
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$ X Billion USD
