Propionic Acid Market Size, Share, Growth and Foreecast 2023-2028

According to IMARC Group’s latest report, titled “ Propionic Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028 “, the global propionic acid market size reached US$ 1.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.1 Billion by 2028, exhibiting a growth rate (CAGR) of 3% during 2023-2028 . What is propionic acid? Propionic acid is a colorless carboxylic acid with a pungent odor and is miscible with water. Propionic acid occurs naturally in small amounts in some foods, such as cheese, butter, and vinegar. It is primarily produced industrially through the oxidation of propionaldehyde or by the fermentation of carbohydrates. Characteristics of propionic acid include its acidic nature, volatility, and corrosiveness. It has a low pH and can react with certain metals, plastics, and organic materials. Propionic acid is also known for its antimicrobial properties, making it effective as a preservative agai...