The Global Propionic Acid and Its Derivatives Market was valued at USD 1.62 Billion in 2023 and is projected to reach USD 2.35 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.4% during the forecast period (2023–2030). This growth is being driven by rising demand for natural preservatives in food and feed industries, expanding applications in herbicides and cellulose acetate propionate, and increasing focus on sustainable chemical production amid regulatory pressures for eco-friendly alternatives in animal nutrition and agriculture.

As the chemical sector evolves toward more sustainable and efficient solutions, particularly in preservation technologies and industrial materials, the focus turns to leading manufacturers who are innovating in propionic acid derivatives like calcium, sodium, and potassium propionates. These companies are pivotal in addressing global challenges such as food waste reduction and enhanced crop protection. In this blog, we profile the Top 10 Companies in the Propionic Acid and Its Derivatives Market—a blend of multinational giants, specialty chemical firms, and innovators advancing the boundaries of preservation and industrial chemistry.

This report aims to provide a comprehensive presentation of the global market for Propionic Acid and Its Derivatives, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Propionic Acid and Its Derivatives. This report contains market size and forecasts of Propionic Acid and Its Derivatives in global, including the following market information:

• Global Propionic Acid and Its Derivatives Market Revenue, 2018-2023, 2024-2030, ($ millions)
• Global Propionic Acid and Its Derivatives Market Sales, 2018-2023, 2024-2030, (K MT)

The global top five Propionic Acid and Its Derivatives companies in 2023 accounted for approximately 45% of the market share. The global Propionic Acid and Its Derivatives market was valued at US$ 1.62 billion in 2023 and is projected to reach US$ 2.35 billion by 2030, at a CAGR of 5.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

The U.S. Market is Estimated at $450 Million in 2023, While China is Forecast to Reach $550 Million by 2030. Calcium Propionate Segment to Reach $900 Million by 2030, with a 5.8% CAGR in the next seven years. The global key manufacturers of Propionic Acid and Its Derivatives include BASF, Eastman Chemical, Perstorp Holding, Dow Chemical, Niacet, and others; in 2023, the global top five players had a share approximately 45% in terms of revenue.

We surveyed the Propionic Acid and Its Derivatives manufacturers, suppliers, distributors, and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

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🔟 1. Impextraco

Headquarters: Bruges, Belgium
Key Offering: Sodium Propionate, Calcium Propionate, and Specialty Feed Additives

Impextraco stands as a key player in the propionic acid derivatives space, specializing in high-quality preservatives for animal feed and human food applications. With a strong emphasis on global distribution, the company supplies derivatives to feed mills, bakeries, and agricultural sectors worldwide. Their products help inhibit mold growth and extend shelf life, making them essential in combating spoilage in humid climates. Furthermore, Impextraco has expanded its portfolio through strategic acquisitions, ensuring a steady supply chain for propionate salts that meet stringent EU and FDA standards. Because of their focus on R&D, they continue to develop formulations that reduce dependency on synthetic additives, aligning with consumer demands for cleaner labels. The company’s commitment to innovation is evident in their tailored solutions for the poultry and dairy industries, where propionates prevent bacterial contamination effectively.

Sustainability Initiatives:

• Development of bio-based propionate alternatives to reduce carbon footprint

• Certifications for eco-friendly production processes across European facilities

• Collaborations with NGOs to promote responsible use in developing markets

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9️⃣ 2. Daicel Corporation

Headquarters: Osaka, Japan
Key Offering: Propionic Acid, Cellulose Acetate Propionate (CAP), and Derivatives for Coatings

Daicel Corporation excels in the production of propionic acid derivatives, particularly CAP, which is widely used in automotive coatings, printing inks, and wood finishes. Their advanced manufacturing capabilities allow for high-purity products that enhance durability and flexibility in end applications. Operating across Asia and beyond, Daicel serves industries seeking high-performance materials, and their derivatives contribute to the growing demand for eco-solvent-based formulations. The company’s R&D efforts focus on optimizing production yields, which has led to cost efficiencies passed on to customers. In recent years, Daicel has navigated market fluctuations by diversifying into pharmaceutical intermediates, where propionates play a role in drug stabilization. With a robust presence in the Asian market, Daicel benefits from the region’s rapid industrialization, yet they face competition from lower-cost producers.

Sustainability Initiatives:

• Investment in renewable feedstock for propionic acid synthesis

• Reduction of waste through closed-loop manufacturing systems

• Partnerships for recycling programs in the coatings industry

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8️⃣ 3. KEMIN Industries

Headquarters: Des Moines, Iowa, USA
Key Offering: Potassium Propionate, Feed Preservatives, and Antioxidant Blends

KEMIN Industries is renowned for its innovative propionate-based solutions in animal nutrition and food safety. Their products, including propionic acid salts, are designed to protect feed from microbial degradation, ensuring nutritional integrity for livestock. With operations in over 100 countries, KEMIN provides customized formulations that address specific challenges like mycotoxin control. The company’s growth has been fueled by acquisitions that bolster their derivatives portfolio, allowing them to offer integrated solutions combining preservatives with other additives. Because feed efficiency is critical in modern agriculture, KEMIN’s derivatives help farmers reduce waste and improve animal health outcomes. Despite economic pressures, KEMIN continues to expand R&D, focusing on natural and organic-compliant propionates.

Sustainability Initiatives:

• Promotion of propionates in organic feed formulations

• Programs to minimize environmental impact of production

• Research into plant-derived alternatives for derivatives

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7️⃣ 4. Biomin Holding

Headquarters: Herzogenburg, Austria
Key Offering: Calcium Propionate, Silage Additives, and Mycotoxin Binders

Biomin Holding, a leader in animal health solutions, integrates propionic acid derivatives into comprehensive feed preservation systems. Their calcium propionate products are vital for silage and grain storage, preventing losses due to fungal growth in forage. With a strong European base and global reach, Biomin serves the dairy and beef sectors, where reliable preservation directly impacts profitability. The company’s expertise stems from decades of research, leading to synergistic blends that enhance efficacy while reducing dosage requirements. Furthermore, Biomin’s derivatives support antibiotic reduction efforts in farming, aligning with global health trends. Facing regulatory scrutiny on feed additives, Biomin invests heavily in safety studies and sustainable sourcing.

Sustainability Initiatives:

• Development of low-emission production for propionates

• Support for sustainable agriculture through efficient preservatives

• Global initiatives for reducing food chain waste

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6️⃣ 5. Addcon Group

Headquarters: Bitterfeld, Germany
Key Offering: Propionic Acid Salts, Formic Acid Blends, and Livestock Preservatives

Addcon Group specializes in chemical additives for animal feed, with propionic acid derivatives forming the core of their preservation line. Their sodium and calcium propionates are engineered for high stability in humid conditions, protecting raw materials from spoilage. Operating primarily in Europe and Asia, Addcon collaborates with feed producers to develop custom solutions that optimize storage and transport. The company’s growth is driven by the need for effective, non-toxic preservatives in intensive farming, where even minor losses can affect margins significantly. Innovations at Addcon include buffered propionates that maintain pH balance, enhancing performance in varied feed types. While raw material costs pose challenges, their vertical integration helps mitigate risks.

Sustainability Initiatives:

• Eco-friendly synthesis methods for derivatives

• Reduction in energy use during manufacturing

• Partnerships for circular economy in agriculture

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5️⃣ 6. A.M. Food Chemicals

Headquarters: Mumbai, India
Key Offering: Sodium Propionate, Food-Grade Preservatives, and Bakery Additives

A.M. Food Chemicals is a prominent supplier of propionic acid derivatives for the food industry, particularly in baked goods and dairy products. Their sodium propionate effectively controls mold without altering taste or texture, meeting the demands of fast-paced production environments. With a stronghold in Asia and exports to the Middle East, the company caters to growing urban populations seeking safe, preserved foods. Their adherence to international standards like Halal and Kosher certifications broadens their appeal in diverse markets. The firm has expanded through capacity upgrades, responding to rising demand from processed food sectors. Challenges include competition from natural alternatives, but A.M. emphasizes affordability and reliability to retain customers.

Sustainability Initiatives:

• Shift toward green chemistry in preservative production

• Water conservation in manufacturing processes

• Community programs for food safety education

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4️⃣ 7. Dow Chemical

Headquarters: Midland, Michigan, USA
Key Offering: Propionic Acid, Industrial Derivatives, and Polymer Additives

Dow Chemical, a global powerhouse, produces propionic acid and derivatives for a wide array of industrial uses, including herbicides and CAP resins. Their high-volume facilities ensure competitive pricing, serving agriculture, coatings, and plastics sectors. Dow’s scale allows for integrated supply chains, from raw materials to end products, which minimizes disruptions. In agriculture, their propionate-based herbicides offer effective weed control with lower environmental impact compared to traditional options. With a focus on digital transformation, Dow optimizes production efficiency, reducing costs and emissions. Regulatory compliance is a cornerstone, enabling expansion into emerging markets.

Sustainability Initiatives:

• Carbon-neutral goals for chemical production by 2050

• Bio-derived feedstocks for propionic acid

• Collaborations on green herbicide development

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3️⃣ 8. Perstorp Holding AB

Headquarters: Perstorp, Sweden
Key Offering: Potassium Propionate, Specialty Chemicals, and Feed Solutions

Perstorp Holding is at the forefront of specialty chemicals, offering propionic acid derivatives for feed preservation and industrial applications. Their potassium propionate is prized for its solubility and efficacy in humid feed storage, supporting global livestock industries. With production sites in Europe and Asia, Perstorp delivers consistent quality, backed by rigorous testing. The company’s innovation in polyols and preservatives intersects with propionates, creating multifunctional additives. Perstorp addresses sustainability by developing circular economy models, recycling byproducts into new derivatives. Market challenges like energy costs are met with efficiency improvements, ensuring long-term viability.

Sustainability Initiatives:

• 100% renewable energy in key facilities

• Biodegradable derivative formulations

• Industry alliances for sustainable sourcing

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2️⃣ 9. Eastman Chemical Company

Headquarters: Kingsport, Tennessee, USA
Key Offering: Propionic Acid Derivatives, CAP Resins, and Performance Chemicals

Eastman Chemical Company leverages its vast portfolio to produce advanced propionic acid derivatives, especially CAP for eyeglass frames, tool handles, and films. Their products offer superior clarity and impact resistance, meeting demands in consumer goods. Eastman’s global operations ensure supply reliability, with expansions in Asia catering to manufacturing hubs. In herbicides, their derivatives provide targeted action, reducing off-target effects. The company invests in molecular recycling, integrating propionates into sustainable material cycles. Economic volatility is managed through diversification, maintaining steady growth.

Sustainability Initiatives:

• Net-zero emissions target by 2050

• Recycled content in derivative products

• R&D for low-toxicity agricultural chemicals

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1️⃣ 10. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Calcium Propionate, Sodium Propionate, and Comprehensive Preservative Solutions

BASF SE dominates the propionic acid and derivatives market, supplying high-purity salts for food, feed, and industrial uses. Their calcium propionate is a staple in bakery preservation, extending freshness while complying with clean-label trends. As the largest player, BASF’s integrated operations span from petrochemicals to finished products, serving clients in over 190 countries. Their derivatives also feature in pharmaceuticals and cosmetics, showcasing versatility. BASF leads in innovation with biotech-derived propionates, reducing reliance on fossil fuels. Despite geopolitical tensions, their diversified supply chains ensure stability.

Sustainability Initiatives:

• Climate-neutral production roadmap

• Bio-based propionate commercialization

• Global programs for responsible chemical use

Get Full Report Here: Propionic Acid and Its Derivatives Market – View in Detailed Research Report

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Total Market by Segment:

Global Propionic Acid and Its Derivatives Market, by Type, 2018-2023, 2024-2030 ($ Millions) & (K MT)

Global Propionic Acid and Its Derivatives Market Segment Percentages, by Type, 2023 (%): Calcium Propionate leads at 55%, followed by Sodium Propionate at 25%, Potassium Propionate at 15%, and Others at 5%.

• Calcium Propionate
• Sodium Propionate
• Potassium Propionate
• Others

Global Propionic Acid and Its Derivatives Market, by Application, 2018-2023, 2024-2030 ($ Millions) & (K MT)

Global Propionic Acid and Its Derivatives Market Segment Percentages, by Application, 2023 (%): Animal Feed and Grain Preservatives hold 40%, Food Preservatives 30%, Cellulose Acetate Propionate (CAP) 15%, Herbicides 10%, and Others 5%.

• Animal Feed and Grain Preservatives
• Food Preservatives
• Cellulose Acetate Propionate (CAP)
• Herbicides
• Others

Global Propionic Acid and Its Derivatives Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions) & (K MT)

Global Propionic Acid and Its Derivatives Market Segment Percentages, By Region and Country, 2023 (%): North America 25%, Europe 30%, Asia-Pacific 35%, South America 5%, Middle East & Africa 5%.

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia
• China
• Japan
• South Korea
• Southeast Asia
• India
• Rest of Asia
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Turkey
• Israel
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

Competitor Analysis

• The report also provides analysis of leading market participants including key companies Propionic Acid and Its Derivatives revenues in global market, 2018-2023 (Estimated), ($ millions), key companies Propionic Acid and Its Derivatives revenues share in global market, 2023 (%), key companies Propionic Acid and Its Derivatives sales in global market, 2018-2023 (Estimated), (K MT), and key companies Propionic Acid and Its Derivatives sales share in global market, 2023 (%).

Key players include:

• BASF
• Eastman Chemical
• Perstorp Holding
• Dow Chemical
• A.M. Food Chemicals
• Addcon Group
• Biomin Holding
• Daicel
• Impextraco
• KEMIN Industries
• Krishna Chemicals
• MACCO Organiques
• Niacet
• Prathista Industries

Outline of Major Chapters: Chapter 1 introduces the definition of Propionic Acid and Its Derivatives and market overview. Chapter 2 covers global market size in revenue and volume. Chapter 3 details manufacturers’ competitive landscape, price, sales, and revenue share. Chapter 4 analyzes market segments by type. Chapter 5 examines segments by application. Chapter 6 provides regional and country-level sales analysis. Chapter 7 profiles key players. Chapter 8 discusses global capacity by region. Chapter 9 explores market dynamics and policies. Chapter 10 analyzes the industrial chain. Chapter 11 concludes with main points.

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🌍 Outlook: The Future of Propionic Acid and Its Derivatives Is Sustainable and Versatile

The propionic acid and its derivatives market is experiencing transformative changes, with traditional applications in preservation expanding into advanced materials and green agriculture. While calcium propionate remains dominant in feed and food, investments in bio-based production and low-impact herbicides are reshaping the landscape. Industry leaders are allocating resources toward R&D for natural analogs and efficient synthesis, driven by consumer and regulatory demands for sustainability. This shift not only addresses environmental concerns but also unlocks new revenue streams in emerging economies, where urbanization boosts processed food consumption.

However, supply chain vulnerabilities from geopolitical events and raw material shortages highlight the need for resilient strategies. Companies are responding with localized production and digital tools for demand forecasting, ensuring steady growth. The integration of propionates into biodegradable plastics and precision farming further enhances their value, promising a balanced approach to economic and ecological goals.

📈 Key Trends Shaping the Market:

• Shift toward bio-based and natural propionate derivatives in Europe and North America
• Regulatory mandates for reduced synthetic preservatives, pushing innovation in Asia
• Growth in herbicide applications amid sustainable agriculture initiatives
• Strategic mergers and digital supply chain optimizations for efficiency

Get Full Report Here: Propionic Acid and Its Derivatives Market – View in Detailed Research Report

The companies listed above are not only preserving global food and feed supplies—they’re leading the sustainable evolution of the chemical industry.