Propionic Acid Market Players, Analysis and Forecasts, 2022-2030
Market Overview: In addition, the global propionic acid market is expected to rise at a CAGR of 3.78%, with a value of USD 1.4 billion during the estimated the forecasting year of 2022-2030. The fermentation method creates the colorless, smelly liquid organic acid known as propionic acid. It hinders the development of different moulds. Additionally, it has antimicrobial qualities. Additionally, it is a natural preservative added to cheese and baked items like bread and tortillas to prolong their shelf life. With the intention of preservation, they are also utilized in packaging various ready-to-eat foods. As mentioned earlier, propionic acid applications fuel market expansion in the food and beverage sector. Propionic acid is a safe intermediate that may be employed in various manufacturing processes since it is a natural preservative. However, if skin contact is not done so safely, it might result in painful and serious burns. It can cause acute irritability and blindness if it...