July 19, 2024

The Growing Use Of Pelargonic Acid In Pest Control Is Anticipated To Open Up New Avenues For The Pelargonic Acid Market

The Pelargonic Acid Market is estimated to be valued at Us$ 196.34 Mn in 2023 and is expected to exhibit a CAGR Of 5.9% over the forecast period 2023 To 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Pelargonic acid, also known as nonanoic acid, is a fatty acid with a nine-carbon chain. It occurs naturally in various plant oils such as coconut, palm kernel, and nutmeg oils. Pelargonic acid functions as a fungicide and bactericide. It is commonly used as a natural preservative and antimicrobial agent in food, feed, personal care products, and pharmaceuticals due to its broad-spectrum activity and low toxicity. Some key applications of pelargonic acid include canned and packaged foods, animal feed, oral care products, and crop protection.

Market Dynamics:

The growth of the pelargonic acid market is attributed to the rising demand for natural preservatives from the food and personal care industries. Several food manufacturers are replacing synthetic food preservatives with natural alternatives like pelargonic acid due to growing consumer preference for clean label products with minimal processing. Furthermore, pelargonic acid offers an economical solution for spoilage control in animal feed. It is proven to be effective against gram-positive and gram-negative bacteria, molds, and yeasts. The antimicrobial activity of pelargonic acid makes it suitable for cosmetic, pharmaceutical, and agricultural applications as well. However, the market is expected to face stiff competition from alternative natural preservatives such as sorbic acid and benzoic acid. Development of new application areas and product innovation are expected to offer lucrative growth opportunities for market players over the forecast period.

Segment Analysis

The global pelargonic acid market is segmented on the basis of form, application and region. Based on form, the market is segmented into oil and powder & crystalline. The oil segment is dominating the market currently due to widespread application of pelargonic acid in oil form in pesticides and herbicide industry. Based on application, the market is segmented into pesticides, herbicide, paint & coating additives and others. The pesticides segment holds the largest market share currently owing to increasing demand for natural pesticides using pelargonic acid as active ingredient.

PEST Analysis

Political: Regulations regarding the use of organic and bio-based chemicals in agrochemicals and personal care products is promoting the growth of pelargonic acid market.

Economic: Rising disposable income and growing demand for natural and organic products is positively impacting the pelargonic acid market growth.

Social: Increasing health awareness among consumers is fueling the demand for natural and organic ingredients in personal care and cosmetic products.

Technological: Advancements in fermentation and biotechnology enables large scale and cost effective production of pelargonic acid from natural sources.

Key Takeaways

The Global Pelargonic Acid Market Size  was valued at US$ 196.34 Mn in 2023 and is expected to reach US$ 324.56 Mn by 2030, registering a CAGR of 5.9% during the forecast period. The market is driven by growing demand for environment friendly pest control agents and preservatives in cosmetic industry.

Regionally, North America dominated the market in 2023 owing to stringent regulations regarding the use of chemical agents in agriculture and personal care sectors in countries like US and Canada.

Key players operating in the pelargonic acid market are Central Drug House, Croda International Plc., Emery Oleochemicals, Glentham Life Sciences Limited, Haihang Industry, Kunshan Odowell Co., Ltd, Matrica S.p.A, OQ Chemicals GmbH, Tokyo Chemical Industry Co., Ltd., and Zhengzhou Yibang Industry & Commerce Co., Ltd. These companies are focusing on R&D to develop new application of pelargonic acid as precursor for greener chemicals.

*Note:

  1. Source: Coherent Market Insights, Public sources, Desk research
  2. We have leveraged AI tools to mine information and compile it