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

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)