Wood Vinegar Market - Global Industry Analysis

Wood Vinegar Market

Wood Vinegar Market Size, Share, Price, Demand, Forecast 2028

Category: Food & Beverage Report Format : PDF Pages: 150 Report Code: ZMR-1419 Published Date: May-2022 Status : Published

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Methodology

Free Analysis

Wood vinegar is known as the pyroligneous acid in chemistry. It was first investigated by Johann Rudolph Glauber a German chemist. It is a brown colored flavored liquid produced with the help of distillation of wood and other plant material in the absence of air. The main chemical components of pyroligneous acid are acetic acid, formaldehyde, and methanol. Various types of woods are used for producing various kinds of wood vinegar including eucalyptus, oak, bamboo, mangrove, coconut shell, and apple trees.

Wood vinegar is a natural inhibitor and shows various bioactivities which make it suitable to be used as an antifungal, repellent and termiticidal applications. It shows excellent antimicrobial activity against various microorganisms. In addition, it shows significant antioxidant and antibacterial activity. Due to its medicinal properties, wood vinegar has a huge application in the pharmaceutical industry globally. Thus it is anticipated to drive the demand for wood vinegar market during the forecast period. 

Global Wood Vinegar Market

Wood vinegar has various agriculture applications. The process of manufacturing wood vinegar is sustainable. The acetic acid in wood vinegar acts as soil disinfectant and methanol increases the crop yield. Hence it can be used as animal fodder, organic pesticide & fertilizer and can be the attractive replacement for the synthetic chemicals. Increasing demand for organic pesticides in order to maintain the soil fertility and contamination free animal feed is driving the growth of wood vinegar globally. 

Based on the application, the wood vinegar market is segmented into agriculture, animal feed, pharmaceutical, personal care and cosmetic, food & beverages, and others. Among which agriculture segment held the dominant position in wood vinegar market due to huge demand for organic animal feed, biopesticides, and biofertilizer. 

Based on method, wood vinegar market is segmented into slow pyrolysis, intermediate pyrolysis, and rapid pyrolysis. Among which slow pyrolysis holds the largest market share due to its advantages in terms of yield and quality.

Growing pharmaceutical and food industry globally is expected to impact positively the global wood vinegar market. Moreover, increasing cosmetic and personal care industry is projected to drive the demand for wood vinegar in the near future. The emergence of various skin care products such as anti-aging, anti-wrinkle, and anti marks cream is anticipated to fuel the market growth over the years to come. Growing awareness among the consumers regarding the harmful impact of dust, environment, and sunrays has benefited the uptake of various skin care products in several countries. However, government regulation on charcoal production is expected to hinder the wood vinegar market growth. Nonetheless, R&D initiatives to develop advanced products offer vast opportunities for the industry participants. 

By geography, Asia Pacific estimated for the largest chunk of market share in terms of revenue in 2017. The industry is expected to be driven by increasing demand for biopesticides and biofertilizer in the countries such as India, China, and Japan. In terms of revenue, Asia Pacific was followed by Europe and North America. North America is projected to show insignificant growth in the years to come. This is mainly due to demand for wood vinegar in animal feed products and as a food additive has increased the growth of the wood vinegar market in North America. 

The global wood vinegar market is consolidated; the major players accounted for a significant share of the market in 2017. Some of the key companies have been investing in technological advancement, maintaining standards and product innovation in order to retain their dominance in the market. Some of the key players in the wood vinegar market are Canada Renewable Bioenergy Corp., Vinegar Australia Tagrow Co., Ltd., Byron Biochar, Taiko Pharmaceutical Co., Ltd., Nettenergy BV, ACE Pte Ltd., Sort Of Coal, VerdiLife LLC, and others.

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