Propionic Acid Market Size, Share, Growth Analysis, By Application(Herbicides, rubber products, plasticizers, food preservative), By End-use industry(Pharmaceuticals, personal care, food & beverage, agriculture), By Region - Industry Forecast 2024-2031

Propionic Acid Market Driver

Packaged food to witness major use of propionic acids in the packing stages

• One of the major causes of the market expansion is the increasing usage of propionic acid as a preservative in packaged foods and animal feed. Another important factor driving the industry's expansion is the use of propionic acid in the production of cellulose acetate propionate and herbicides. The demand for packaged food, particularly hygienic food products, has increased as a result of changes in consumer lifestyles. This market is also growing as a result of the use of propionic acid, which is primarily used as a preservative to extend the shelf life of food products and prevent the growth of bacteria and fungus. In 2020, 471 kilo tonnes of propionic acid were consumed and 538 kilo tonnes were consumed in 2025.

Propionic Acid Market Restraint

Rising Environmental Concerns

• One of the key factors limiting the market growth is the escalating environmental concerns regarding the use of herbicides. Another aspect that impedes the industry development is the lack of creativity in packaging.
• Another reason that can serve as a roadblock to the expansion is how the industry participants are being pressured to cut margins on product sales. This is having an impact on overall revenue. Lack of production facilities and the variety of negative effects caused by direct contact to propionic acid are two additional reasons that could restrain this market expansion.