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Global Wood Vinegar Market By Pyrolysis Method (Slow Pyrolysis, Fast Pyrolysis, And Intermediate Pyrolysis), Application (Agriculture, Animal Feed, Food, Medicinal, And Consumer Products) And by Regional Analysis (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast (2023 – 2028)

Published: March, 2023
ID: 3336
Pages: 175
Formats: report pdf report excel report power bi report ppt

Wood Vinegar Market Size, Growth, Forecast (2023-2028)

The global Wood Vinegar Market size was worth USD 3.7 billion in 2022, and it is estimated to reach a valuation of USD 7.2 billion by the end of 2028, expanding at a CAGR of 6.7% during the forecast period. The rapid expansion of organic agriculture in the Asia Pacific region is expected to further increase market demand.

Wood Vinegar Market

Market Overview:

Wood vinegar is known as pyrolysin acid in chemistry. Wood vinegar is used in organic agriculture because it is used as a bio fertilizer and bio pesticide. It was first investigated by the German chemist Johann Rudolph Glauber. It is a brown scented liquid created by distilling wood and other plant materials in the absence of air. The main chemical components of pyrolysin acid are acetic acid, formaldehyde, and methanol. Multiple kinds of wood are used to create various types of wood vinegar, including eucalyptus, oak, bamboo, mangrove, coconut husk, and apple. Wood vinegar or pyrolysin acid is a carbon derivative. It is a dark liquid obtained by carbonization by heating biomass in a closed container. The smoke from charcoal making is cooled with liquid and then separated into tar, grass and bio-oil. Wood vinegar comprises approximately 80% to 90% water and more than 200 organic compounds, which often include phenol, acetic acid, ketones, esters, formic acidand methanol.

Recent Developments in Wood Vinegar Industry:

  • Japan-based Mizkan Group has acquired the Sarsos and Dufrais wood vinegar business from British food manufacturers that offer premium food that supports the targeted production capacity of the North American vinegar market.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2022 – 2028

Base Year

2022

Forecast Period

2023 - 2028

CAGR

6.7%

Segments Covered

By Pyrolysis Method, Application and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

Canada Renewable Bioenergy Corp, Nettenergy BV, ACE (Singapore) Pte Ltd, TAGROW CO., LTD, Byron Biochar and Others.

Wood Vinegar Market Growth:

Market demand for wood vinegar is likely to skyrocket as consumer acceptance increases worldwide.

Drivers:

There is a growing need around the world for soil fertility resistant to pesticides and chemical pesticides that improve the natural feeding of animals. It is produced through sustainable methods and can be used not only as animal feed, but also as an organic pesticide that has been proven as an attractive alternative to synthetic chemicals. Most Asian countries have set renewable energy targets. Therefore, they have a policy that encourages the production and use of energy from biomass. Pyrolyne acid is a bi-product produced from the biomass pyrolysis method, and the company has recently started commercial sales of pyroligne acid due to its wide application in various sectors such as agriculture, livestock, pharmaceutical and cosmetic industries. Growth in the global wood vinegar market over the forecast period is supposed to accelerate as demand increases in various industries. The growth of the pharmaceutical and food industry worldwide is assumed to have a remarkable impact on the global wood vinegar business. Additionally, the surge in the cosmetics and personal care industry is expected to stir demand for this product in the future. Increasing government regulations on the use of chemicals for crop protection, improved crop yields, and increased adoption of organic foods among individuals are key factors driving global Wood Vinegar Market growth during the outlook period.

Furthermore, the mounting urge for wood vinegar in end-users like pharmaceuticals and cosmetics is another factor driving growth in the worldwide market. In addition, increasing the use of wood vinegar in various industries, increasing cost-effective manufacturing and increasing the application of wood vinegar in the food business to improve the aroma, color and firmness of vinegar are important factors in supporting the growth of this market in the future. The arrival of numerous skincare products, such as anti-aging, anti-wrinkle and anti-wrinkle creams, is expected to spur market growth in the coming years. As consumer awareness of the harmful effects of dust, the environment, and sunlight has increased, it has helped consume a variety of skincare products from different countries. However, R&D initiatives to develop quality products offer a wide range of opportunities for industry participants. The widespread adoption of wood vinegar in many applications can create a favorable opportunity for players operating in target markets around the world.

Restraints:

Some limitations that potentially limit the growth of the global wood vinegar market are that wood vinegar is produced from a variety of organic sources. Demand for coal and its by-products, including wood vinegar for energy creation, is also increasing as living standards rise in developed and developing countries. This has resulted in government restrictions on the production and distribution of coal and its derivatives, limiting overall coal production and limiting the production of wood vinegar market. Additionally, most of the trees needed for charcoal originate from natural forests, leading to logging. However, there are a variety of challenges associated with sourcing and manufacturing wood vinegar from these similar natural sources, which can lead to repetitive results, limiting its use in various industrial sectors. Charcoal production is one of the main causes of deforestation worldwide.

Wood Vinegar Market Segmentation Analysis:

By Pyrolysis Method:

  • Slow Pyrolysis       
  • Fast Pyrolysis        
  • Intermediate Pyrolysis

By Application:

  • Agriculture             
  • Animal Feed          
  • Food, Medicinal, and Consumer Products
  • Others     

Geographical Segmentation Analysis:

  • North America - the United States and Canada
  • Europe - United Kingdom, Spain, Germany, Italy, and France
  • The Asia Pacific - India, Japan, China, Australia, Singapore, Malaysia, South Korea, New Zealand, and Southeast Asia
  • Latin America  - Brazil, Argentina, Mexico, and Rest of LATAM
  • The Middle East and Africa - Africa and Middle East (Saudi Arabia, UAE, Lebanon, Jordan, Cyprus)

Regional Analysis:

By region, we estimate the largest market share in terms of revenue in the Asia Pacific region. The industry is expected to be driven by the growing demand for pesticides and biofertilizers in countries like India, China and Japan. Population growth and rapid westernization in the Asia-Pacific area are leading to increased intake of meat products. This is expected to intensify the usage of processed meat products, promoting the need for liquid vinegar to provide flavor and preservation. Important observations highlight the fact that people in regions such as North America and Europe have a high preference for smoked foods, and consumers in other areas such as Asia and Africa have a taste for non-smoked foods. North America is not estimated to grow significantly in the coming years. This is primarily due to the demand for the wood vinegar market in animal feed products, and feed additives have increased the development of the wood vinegar market in North America. The Middle East and Africa is foreseen to show significant growth due to increased demand for organic products and strict environmental regulations. In addition, as the implementation of wood vinegar in agriculture is anticipated to increase for the development of disease-resistant crops, root stimulation, improved seed germination and soil enrichment, the demand for vinegar will increase wood in the area.

Key Players in the Market:

Major Key Players in the Global Wood Vinegar Market are

  • Canada Renewable Bioenergy Corp
  • Nettenergy BV (Netherlands)
  • ACE (Singapore) Pte Ltd
  • TAGROW CO., LTD. (China)
  • Byron Biochar (Australia)

 

 

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FAQ's

What can be the size of the global Wood Vinegar market by 2028?

By 2028, it is predicted that the global Wood Vinegar market can reach a valuation of US$ 7.2 billion

What can be the compound annual growth rate of the global Wood Vinegar market?

The global Wood Vinegar market can expand with a CAGR of 6.7% during the forecast period.

Mention the major key players in the global Wood Vinegar market?

Canada Renewable Bioenergy Corp, Nettenergy BV, ACE (Singapore) Pte Ltd, TAGROW CO., LTD, Byron Biochar and Others.

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