| Product Code: ETC4746276 | Publication Date: Nov 2023 | Updated Date: Jan 2026 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In the Greece propionic acid market, the import trend experienced a notable decline from 2023 to 2024, with a growth rate of -16.1%. The compound annual growth rate (CAGR) for imports during 2020-2024 stood at -19.78%. This downward trajectory could be attributed to shifting demand dynamics or changes in trade policies impacting market stability.

The Propionic acid market in Greece is projected to grow at a stable growth rate of 1.31% by 2027, highlighting the country's increasing focus on advanced technologies within the Europe region, where Germany holds the dominant position, followed closely by United Kingdom, France, Italy and Russia, shaping overall regional demand.

The propionic acid market in Greece is expanding due to its use as a preservative in food, feed, and agricultural products, as well as in chemical manufacturing. The increasing demand for food preservation, along with its applications in animal feed and the production of herbicides, is driving growth in the propionic acid market.
The Greece propionic acid market is driven by its use in the production of preservatives for food and animal feed, as well as in the chemical industry. As consumers increasingly seek safer and longer-lasting food products, the demand for natural preservatives like propionic acid is rising. Additionally, its use in industrial applications such as plastics and pharmaceuticals contributes to its market growth in Greece.
The Greece Propionic Acid Market faces challenges from fluctuations in raw material prices, particularly from sources like acetic acid and ethanol, which can impact production costs. Additionally, the market is pressured by growing demand for sustainable and bio-based alternatives to traditional chemicals, requiring investment in research and development. Competition from global producers and increasing environmental regulations around chemical production also present obstacles for local manufacturers.
The Greek government supports the propionic acid market by promoting its use in food preservation, agriculture, and industrial applications. Policies ensure compliance with EU safety and environmental regulations, encouraging the sustainable production and use of propionic acid in various sectors.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Greece Propionic acid Market Overview |
3.1 Greece Country Macro Economic Indicators |
3.2 Greece Propionic acid Market Revenues & Volume, 2021 & 2031F |
3.3 Greece Propionic acid Market - Industry Life Cycle |
3.4 Greece Propionic acid Market - Porter's Five Forces |
3.5 Greece Propionic acid Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Greece Propionic acid Market Revenues & Volume Share, By End use Industry, 2021 & 2031F |
4 Greece Propionic acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for food preservatives in the food and beverage industry |
4.2.2 Increasing use of propionic acid as a mold inhibitor in bakery products |
4.2.3 Rising awareness about the benefits of propionic acid in animal feed additives |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting production costs |
4.3.2 Stringent government regulations regarding the use of propionic acid in food products |
4.3.3 Competition from alternative preservatives in the market |
5 Greece Propionic acid Market Trends |
6 Greece Propionic acid Market Segmentations |
6.1 Greece Propionic acid Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Greece Propionic acid Market Revenues & Volume, By Herbicides, 2021-2031F |
6.1.3 Greece Propionic acid Market Revenues & Volume, By Rubber Products, 2021-2031F |
6.1.4 Greece Propionic acid Market Revenues & Volume, By Plasticizers, 2021-2031F |
6.1.5 Greece Propionic acid Market Revenues & Volume, By Food Preservatives, 2021-2031F |
6.1.6 Greece Propionic acid Market Revenues & Volume, By Others, 2021-2031F |
6.2 Greece Propionic acid Market, By End use Industry |
6.2.1 Overview and Analysis |
6.2.2 Greece Propionic acid Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.2.3 Greece Propionic acid Market Revenues & Volume, By Personal Care, 2021-2031F |
6.2.4 Greece Propionic acid Market Revenues & Volume, By Food & Beverage, 2021-2031F |
6.2.5 Greece Propionic acid Market Revenues & Volume, By Agriculture, 2021-2031F |
6.2.6 Greece Propionic acid Market Revenues & Volume, By Others, 2021-2031F |
7 Greece Propionic acid Market Import-Export Trade Statistics |
7.1 Greece Propionic acid Market Export to Major Countries |
7.2 Greece Propionic acid Market Imports from Major Countries |
8 Greece Propionic acid Market Key Performance Indicators |
8.1 Average selling price of propionic acid in the Greek market |
8.2 Adoption rate of propionic acid in different food and feed applications |
8.3 Number of research and development initiatives focused on enhancing the properties of propionic acid |
9 Greece Propionic acid Market - Opportunity Assessment |
9.1 Greece Propionic acid Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Greece Propionic acid Market Opportunity Assessment, By End use Industry, 2021 & 2031F |
10 Greece Propionic acid Market - Competitive Landscape |
10.1 Greece Propionic acid Market Revenue Share, By Companies, 2024 |
10.2 Greece Propionic acid Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
To discover high-growth global markets and optimize your business strategy:
Click Here