North America Propionic Acid Market Size & Outlook
The propionic acid market in North America is expected to reach a projected revenue of US$ 397.7 million by 2030. A compound annual growth rate of 3.1% is expected of North America propionic acid market from 2024 to 2030.
Revenue, 2023 (US$M)
$322.0
Forecast, 2030 (US$M)
$397.7
CAGR, 2024 - 2030
3.1%
Report Coverage
North America
North America propionic acid market, 2018-2030 (US$M)
North America propionic acid market highlights
- The North America propionic acid market generated a revenue of USD 322.0 million in 2023.
- The market is expected to grow at a CAGR of 3.1% 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.
North America data book summary
| Market revenue in 2023 | USD 322.0 million |
| Market revenue in 2030 | USD 397.7 million |
| Growth rate | 3.1% (CAGR from 2023 to 2030) |
| Largest segment | Animal feed |
| Fastest growing segment | Animal feed |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Animal feed |
Other key industry trends
- In terms of revenue, North America region accounted for 28.9% 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.
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Propionic Acid Market Scope
Propionic acid market segmentation & scope
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 |
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Related regional statistics
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