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Market Scope Market Research Future (MRFR) projects the Propionic Acid Market Size to be valued at a whopping USD 1.4 Billion by 2030. The market share will expand at a healthy rate of 3.78% over the appraisal period (between 2020 and 2030). Primary Drivers and Challenges Propionic acid’s heightened use as a preservative in animal feed and packaged food products would be a major reason for the robust market growth in the years ahead. Its rising applications in herbicides as well as in the production of cellulose acetate propionate will also create a tremendous business scenario in the future. With rapid changes in people’s lifestyle, packaged food items that are safe and hygienic are enjoying considerable demand. This ultimately fosters the use of propionic acid as a preservative for curbing bacteria and fungus growth and boosting the shelf life of the food products. The top firms are working on developing high-performing propionic acid to meet with the soaring demand for ex...

Market Scope Market Research Future (MRFR) projects the Propionic Acid Industry to be valued at a whopping USD 2 billion by 2027. The market share will expand at a healthy rate of 7% over the appraisal period (between 2020 and 2027). Primary Drivers and Challenges Propionic acid’s heightened use as a preservative in animal feed and packaged food products would be a major reason for the robust market growth in the years ahead. Its rising applications in herbicides as well as in the production of cellulose acetate propionate will also create a tremendous business scenario in the future. With rapid changes in people’s lifestyle, packaged food items that are safe and hygienic are enjoying considerable demand. This ultimately fosters the use of propionic acid as a preservative for curbing bacteria and fungus growth and boosting the shelf life of the food products. The top firms are working on developing high-performing propionic acid to meet with the soaring demand for excellence...

Market Scope Market Research Future (MRFR) projects the Propionic Acid Application Market to be valued at a whopping USD 2 billion by 2027. The market share will expand at a healthy rate of 7% over the appraisal period (between 2020 and 2027). Primary Drivers and Challenges Propionic acid’s heightened use as a preservative in animal feed and packaged food products would be a major reason for the robust market growth in the years ahead. Its rising applications in herbicides as well as in the production of cellulose acetate propionate will also create a tremendous business scenario in the future. With rapid changes in people’s lifestyle, packaged food items that are safe and hygienic are enjoying considerable demand. This ultimately fosters the use of propionic acid as a preservative for curbing bacteria and fungus growth and boosting the shelf life of the food products. The top firms are working on developing high-performing propionic acid to meet with the soaring demand for e...