Global Potassium Propionate Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Formulation Type;

Liquid, Solid, and Powder.

By End Use;

Food & Beverages, Animal Feed, Personal Care, Pesticides, and Others.

By Application;

Food preservative, Mold Inhibitor, Antimicrobial Agents, Fungicides, and Flavoring.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn445157598 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Potassium Propionate Market (USD Million), 2021 - 2031

In the year 2024, the Global Potassium Propionate Market was valued at USD 953.80 million. The size of this market is expected to increase to USD 1,282.93 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.3%.

The global potassium propionate market is experiencing significant growth due to its widespread use as a preservative in the food and beverage industry. Potassium propionate, a salt of propionic acid, is valued for its ability to inhibit the growth of mold and bacteria, thereby extending the shelf life of various food products such as bread, dairy items, and processed meats. The rising consumer preference for fresh and minimally processed foods has further boosted the demand for potassium propionate as a food preservative. Additionally, the increasing awareness of food safety and hygiene among consumers is driving the market's expansion.

In the agricultural sector, potassium propionate is utilized as a fungicide, enhancing crop yield and quality by protecting plants from fungal diseases. The pharmaceutical industry also benefits from potassium propionate's antimicrobial properties, using it in formulations to prevent microbial contamination. Moreover, the compound's use in animal feed as a preservative to prevent mold growth and extend the feed's shelf life is contributing to the market's growth.

Geographically, North America and Europe are leading the global potassium propionate market, driven by stringent food safety regulations and high demand for preserved food products. The Asia-Pacific region is expected to witness substantial growth due to the expanding food and beverage industry and increasing consumer awareness regarding food safety and preservation. The market is also influenced by technological advancements in production processes and the development of innovative applications for potassium propionate.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Formulation Type

    2. Market Snapshot, By End Use
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global Potassium Propionate Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Food preservation
        2. Mold inhibition
        3. Bacteria inhibition
      2. Restraints
        1. Health concerns over chemical preservatives
        2. Availability of natural preservatives
        3. Regulatory restrictions
      3. Opportunities
        1. Rising demand for packaged food
        2. Growth in food and beverage industry
        3. Technological advancements in preservation methods
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Potassium Propionate Market, By Formulation Type, 2021 - 2031 (USD Million)
      1. Liquid
      2. Solid
      3. Powder
    2. Global Potassium Propionate Market, By End Use, 2021 - 2031 (USD Million)
      1. Food & Beverages
      2. Animal Feed
      3. Personal Care
      4. Pesticides
      5. Others
    3. Global Potassium Propionate Market, By Application, 2021 - 2031 (USD Million)
      1. Food Preservative
      2. Mold Inhibitor
      3. Antimicrobial Agents
      4. Fungicides
      5. Flavoring
    4. Global Potassium Propionate Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Triveni chemicals
      2. Sigma-Aldrich Co.LLC.
      3. A.M Food Chemcial Co., Limited.
      4. Aadhunik Industries
      5. HJTEC International Limited
      6. Tokyo Chemical Industry Co., Ltd. (TCI)
  7. Analyst Views
  8. Future Outlook of the Market