brand

Asia Pacific Propionic Acid Market Size & Outlook

The propionic acid market in Asia Pacific is expected to reach a projected revenue of US$ 316.1 million by 2030. A compound annual growth rate of 4% is expected of Asia Pacific propionic acid market from 2024 to 2030.

Revenue, 2023 (US$M)
$240.8
Forecast, 2030 (US$M)
$316.1
CAGR, 2024 - 2030
4%
Report Coverage
Asia Pacific

Asia Pacific propionic acid market, 2018-2030 (US$M)

  • Select file type
Asia
Unlock Premium

Related Markets

Global Propionic Acid Industry Outlook

North America Propionic Acid Market Outlook

Europe Propionic Acid Market Outlook

Latin America Propionic Acid Market Outlook

MEA Propionic Acid Market Outlook

Asia Pacific propionic acid market highlights

  • The Asia Pacific propionic acid market generated a revenue of USD 240.8 million in 2023.
  • The market is expected to grow at a CAGR of 4% from 2024 to 2030.
  • In terms of segment, animal feed was the largest revenue generating form in 2023.
  • Animal feed is the most lucrative form segment registering the fastest growth during the forecast period.


Asia Pacific data book summary

Market revenue in 2023USD 240.8 million
Market revenue in 2030USD 316.1 million
Growth rate4% (CAGR from 2023 to 2030)
Largest segmentAnimal feed
Fastest growing segmentAnimal feed
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationAnimal feed


Other key industry trends

  • In terms of revenue, Asia Pacific region accounted for 21.6% of the global propionic acid market in 2023.
  • Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 316.1 million by 2030.

No credit card required*

Horizon in a snapshot

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more

Propionic Acid Market Scope

Propionic acid market segmentation & scope
Form
Animal feed
Calcium and sodium propionate
Cellulose acetate propionate
Others
Regions
Latin America
Europe
North America
Middle East & Africa
Asia Pacific
Countries
U.S.
Mexico
Canada
UK
Germany
Italy
France
China
India
Japan
Brazil
Argentina
Saudi Arabia
South Africa

Propionic Acid Market Companies

Name Profile # Employees HQ Website

  • Select file type
src=https://cdn.grandviewresearch.com/horizon/images/no-access-stack-chart.png Unlock Premium

Related industry reports

Global Zinc Oxide Market Outlook, 2021-2030

Global Polysilicon Market Outlook, 2023-2030

Global Chondroitin Sulfate Market Outlook, 2022-2030

Global Hindered Amine Light Stabilizers Market Outlook, 2022-2030

Global Textile Chemicals Market Outlook, 2022-2030

Related regional statistics

Latin America poultry feed market statistics, by additives, 2018-2030 (US$M)

Latin America cattle feed market statistics, by additives, 2018-2030 (US$M)

Latin America swine feed market statistics, by additives, 2018-2030 (US$M)

Latin America aquafeed market statistics, by additives, 2018-2030 (US$M)

Latin America industrial enzymes market statistics, by product, 2018-2030 (US$M)

Sign up - it's easy, and free!

Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our free plan indefinitely.

Explore all plans

Included in Horizon account

  • 30K+ Global Market Reports
  • 120K+ Country Reports
  • 1.2M+ Market Statistics
  • 200K+ Company Profiles
  • Industry insights and more