It is used as a broad-spectrum herbicide for post-emergent weed control, fungicide, and insecticide. Pelargonic acid has an advantage over traditional herbicides as it is derived from natural sources and degrades quickly to non-toxic compounds.
The global Pelargonic Acid Market is estimated to be valued at US$ 196.34 Mn in 2023 and is expected to exhibit a CAGR of 3.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The increased usage of pelargonic acid as an herbicide is the major trend fueling the market growth. Pelargonic acid is increasingly being used as a substitute for traditional herbicides due to its natural origin and biodegradability. It finds widespread application for weed control in agricultural crops such as cereals, corn, soybean, and fruits & vegetables. Stringent regulations on the usage of synthetic herbicides and consumer preference for eco-friendly products have further augmented the demand for pelargonic acid. Leading agrochemical companies are also focusing on developing formulations based on pelargonic acid to target the organic farming market globally.
Segment Analysis
The Global pelargonic acid market size is dominated by the food and beverage sub-segment, which accounted for nearly 45% of the total market share in 2024. Pelargonic acid or nonanoic acid finds wide application as a food additive and preservative in various food products such as baked goods, cheeses, frozen foods, and cured meats. Its effectiveness against mold and bacterial growth has made it a popular food preservative globally.
Key Takeaways
The global pelargonic acid market is expected to witness high growth over the forecast period of 2023 to 2030. The market is estimated to reach a size of US$ 196.34 Mn by 2024, growing at a CAGR of 3.3% during the forecast period.
Regional analysis: Europe dominated the global pelargonic acid market and accounted for around 30% share in 2024. Stringent food safety regulations along with high demand from food processors in countries like Germany, France, and UK has driven the demand for pelargonic acid in Europe. Asia Pacific is expected to be the fastest growing market during the forecast years owing to increasing population, rising incomes, and growing demand from food and personal care industries in China and India.
Key players: Key players operating in the pelargonic acid market are Matrox Imaging Ltd., Omron Adept Techn and others. Matrox Imaging Ltd. specializes in manufacturing machine vision cameras and systems, while Omron Adept Techn is a global leader in industrial automation products.
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