| Product Code: ETC7552090 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
India`s propionic acid and derivatives import shipments in 2024 continued to be dominated by top exporting countries including China, USA, Switzerland, Malaysia, and Sweden. The high Herfindahl-Hirschman Index (HHI) signified a concentrated market. With a notable Compound Annual Growth Rate (CAGR) of 5.8% from 2020 to 2024, the industry exhibited resilience and steady expansion. The impressive growth rate of 28.29% from 2023 to 2024 further highlights the increasing demand for propionic acid and derivatives in India, indicating a promising market outlook for the coming years.

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 India Propionic Acid and Derivatives Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Propionic Acid and Derivatives Market Revenues & Volume, 2021 & 2031F |
3.3 India Propionic Acid and Derivatives Market - Industry Life Cycle |
3.4 India Propionic Acid and Derivatives Market - Porter's Five Forces |
3.5 India Propionic Acid and Derivatives Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 India Propionic Acid and Derivatives Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.7 India Propionic Acid and Derivatives Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.8 India Propionic Acid and Derivatives Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.9 India Propionic Acid and Derivatives Market Revenues & Volume Share, By Source, 2021 & 2031F |
3.10 India Propionic Acid and Derivatives Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Propionic Acid and Derivatives Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for preservatives in food and beverage industry |
4.2.2 Increasing adoption of propionic acid in agriculture as a mold inhibitor in animal feed |
4.2.3 Rising awareness about the benefits of propionic acid and derivatives in pharmaceuticals and cosmetics industries |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials such as ethanol and acetic acid |
4.3.2 Stringent regulations regarding the use of propionic acid in certain applications |
4.3.3 Competition from alternative preservatives and antimicrobial agents |
5 India Propionic Acid and Derivatives Market Trends |
6 India Propionic Acid and Derivatives Market, By Types |
6.1 India Propionic Acid and Derivatives Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 India Propionic Acid and Derivatives Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 India Propionic Acid and Derivatives Market Revenues & Volume, By Propionic AcidDerivatives, 2021- 2031F |
6.2 India Propionic Acid and Derivatives Market, By Grade |
6.2.1 Overview and Analysis |
6.2.2 India Propionic Acid and Derivatives Market Revenues & Volume, By Industrial Grade/Technical Grade, 2021- 2031F |
6.2.3 India Propionic Acid and Derivatives Market Revenues & Volume, By Food Grade, 2021- 2031F |
6.2.4 India Propionic Acid and Derivatives Market Revenues & Volume, By Feed Grade, 2021- 2031F |
6.2.5 India Propionic Acid and Derivatives Market Revenues & Volume, By Pharma Grade, 2021- 2031F |
6.3 India Propionic Acid and Derivatives Market, By Form |
6.3.1 Overview and Analysis |
6.3.2 India Propionic Acid and Derivatives Market Revenues & Volume, By Dry, 2021- 2031F |
6.3.3 India Propionic Acid and Derivatives Market Revenues & Volume, By Liquid, 2021- 2031F |
6.4 India Propionic Acid and Derivatives Market, By Type |
6.4.1 Overview and Analysis |
6.4.2 India Propionic Acid and Derivatives Market Revenues & Volume, By Encapsulated, 2021- 2031F |
6.4.3 India Propionic Acid and Derivatives Market Revenues & Volume, By Non-Encapsulated, 2021- 2031F |
6.5 India Propionic Acid and Derivatives Market, By Source |
6.5.1 Overview and Analysis |
6.5.2 India Propionic Acid and Derivatives Market Revenues & Volume, By Natural, 2021- 2031F |
6.5.3 India Propionic Acid and Derivatives Market Revenues & Volume, By Synthetic, 2021- 2031F |
6.6 India Propionic Acid and Derivatives Market, By Application |
6.6.1 Overview and Analysis |
6.6.2 India Propionic Acid and Derivatives Market Revenues & Volume, By Food & Beverage, 2021- 2031F |
6.6.3 India Propionic Acid and Derivatives Market Revenues & Volume, By Feed, 2021- 2031F |
6.6.4 India Propionic Acid and Derivatives Market Revenues & Volume, By Pharmaceuticals, 2021- 2031F |
6.6.5 India Propionic Acid and Derivatives Market Revenues & Volume, By Cosmetics, 2021- 2031F |
6.6.6 India Propionic Acid and Derivatives Market Revenues & Volume, By Home & Personal Care, 2021- 2031F |
6.6.7 India Propionic Acid and Derivatives Market Revenues & Volume, By Agriculture, 2021- 2031F |
7 India Propionic Acid and Derivatives Market Import-Export Trade Statistics |
7.1 India Propionic Acid and Derivatives Market Export to Major Countries |
7.2 India Propionic Acid and Derivatives Market Imports from Major Countries |
8 India Propionic Acid and Derivatives Market Key Performance Indicators |
8.1 Adoption rate of propionic acid in food and beverage industry |
8.2 Number of new product launches containing propionic acid and derivatives |
8.3 Investment trends in research and development for propionic acid applications |
8.4 Market penetration in emerging applications such as pharmaceuticals and cosmetics |
8.5 Rate of technological advancements in propionic acid production techniques |
9 India Propionic Acid and Derivatives Market - Opportunity Assessment |
9.1 India Propionic Acid and Derivatives Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 India Propionic Acid and Derivatives Market Opportunity Assessment, By Grade, 2021 & 2031F |
9.3 India Propionic Acid and Derivatives Market Opportunity Assessment, By Form, 2021 & 2031F |
9.4 India Propionic Acid and Derivatives Market Opportunity Assessment, By Type, 2021 & 2031F |
9.5 India Propionic Acid and Derivatives Market Opportunity Assessment, By Source, 2021 & 2031F |
9.6 India Propionic Acid and Derivatives Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Propionic Acid and Derivatives Market - Competitive Landscape |
10.1 India Propionic Acid and Derivatives Market Revenue Share, By Companies, 2024 |
10.2 India Propionic Acid and Derivatives 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.
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