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Wood Vinegar Market - Growth, Trends, and Forecast (2020 - 2025)

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  • 90 Pages
  • April 2020
  • Region: Global
  • Mordor Intelligence
  • ID: 4896305
UP TO OFF until Sep 30th 2023
Global wood vinegar market is projected to grow at a CAGR of 6.8% during the forecast period (2019-2024).

With increased acceptance of global cuisines, the market for wood vinegar has expanded globally since it has an acrid smoky odor, typical to food products such as barbeque sauce, which are gaining global acceptance.

Wood vinegar has also growing acceptance as a biofertilizer and a biopesticide in agriculture, which is booming due to the prevailing high demand for organic food products by consumers.

Also, the high consumption of meat among the consumers has resulted in livestock farmers using wood vinegar in animal feed supplements to lower the cholesterol level while maintaining the quality of meat. As cholesterol has remained a growing concern among consumers, this factor is actively driving the wood vinegar market in the animal feed industry.

Key Market Trends

Burgeoning Demand Of Wood Vinegar in Feed Supplements

Wood vinegar is increasingly being used in animal feed for poultry, and other livestock like sheep, cattle, etc in order to eliminate the prevalence of gastrointestinal diseases found in livestock that directly hampers the quality of egg and meat. For instance, According to an article published by Food Vinegar for Organic Agriculture, farmers claim that usage of wood vinegar in feed supplements resulted in improved egg-laying performance in poultry whereas improved meat quality of livestock. Cholesterol is a major concern among the consumers under different demographics, thus usage of wood vinegar has also resulted in reducing the cholesterol content in chicken, turkey, ostrich, and quail.

Asia-Pacific Emerges as the Fastest Growing Market

Asian Countries such as India where the agriculture sector holds a prominent share in the country's GDP, the wood vinegar has paved the way to boost their crop yielding capacity while maintaining their quality. Also, the growing inclination of consumers across the region towards organic food products has led to an increasing number of farmers adopting organic agricultural practices which in turn is strongly driving the market of biopesticides and bio-based fertilizers, such as wood vinegar in the agricultural sector. Such factors have led to a rising number of wood vinegar manufacturers across the region to meet the burgeoning demand for different industries primarily food and beverage, agriculture, feed supplements, food products, cosmetics, and others.

Competitive Landscape

The global wood vinegar market is highly fragmented with the existence of many regional players such as Ace (Singapore) Pte Ltd, Nettenergy B.V.Applied Gaia Corporation and others. The active companies use strategies, like forming new agreements and partnerships with different players, to increase their footprint in various countries and offer products according to the end-user industries changing preferences. The key players are also focusing on expansion to expand their presence in the global market. Moreover, these players are also focusing to launch their offerings in new potential markets.

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Table of Contents

1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
3.1 Market Overview
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5.1 Application
5.1.1 Agriculture Crop Nutrition Crop Protection
5.1.2 Food & Beverage Canned Food Sauces Dairy Products Other Food & Beverage Applications
5.1.3 Animal Feed
5.1.4 Other Applications
5.2 Pyrolysis Method
5.2.1 Slow Pyrolysis
5.2.2 Fast Pyrolysis
5.2.3 Intermediate Pyrolysis
5.3 Geography
5.3.1 North America United States Canada Mexico Rest of North America
5.3.2 Europe Germany United Kingdom France Spain Russia Italy Rest of Europe
5.3.3 Asia-Pacific China India Japan Australia Rest of Asia-Pacific
5.3.4 Rest of the World Brazil Argentina Other Countries
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Ace (Singapore) Pte Ltd
6.3.2 Nettenergy B.V.
6.3.3 Tagrow Co. LTD
6.3.4 Byron Biochar
6.3.5 MEIWA CO., LTD.
6.3.6 Applied Gaia Corporation

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Ace (Singapore) Pte Ltd
  • Nettenergy B.V.
  • Tagrow Co. LTD
  • Byron Biochar
  • Applied Gaia Corporation