Published Date : May 14, 2018
Albany, New York, May 14, 2018: MarketResearchReports.biz announced the addition of a new research report to its ever-growing repository. The research report, titled “Wood Vinegar Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025”, includes a detailed scope of the market and answers questions pertaining to the current size of the market and its potential. The report also highlights the strengths, drivers, threats, and opportunities being experienced by the overall market. The research report has been collated using primary and secondary research methodologies that are aimed at offering its readers an accurate take on the various dynamics present in the global market.
According to the research report, the global wood vinegar market is expected to exhibit a steady CAGR of 4.9% between 2017 and 2025. The shifting perspective toward organic farming, which is on the rise, has created a surge in demand for wood vinegar. It is also known as liquid smoke or pyroligneous acid is an extract found in nature, thus making it intrinsically organic. Wood vinegar is made up of 50%-70% of organic matter and 3%-7% of acetic acid along with phenols, water, ethanol, and methanol. Owing to its composition, wood vinegar is used for organic farming, in the food and beverage industry as it lends a distinct smoky flavor to make items, personal care items and cosmetics, pharmaceuticals, and the animal feed industry.
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Analysts anticipate the demand for wood vinegar will remain high in the agriculture sector as the related activities continue to be on the rise. Farmers use wood vinegar as a plant-derived pesticide, fungal growth enhancer, plant growth promoter, and herbicide amongst other applications. On the other hand, the food and beverage industry is also expected to a key consumer of wood vinegar, with the dairy sub-segment leading the way.
In terms of geography, the global wood vinegar market is segmented into Latin America, North America, the Middle East and Africa, Europe, and Asia Pacific. Out of these, North America is expected to dominate the overall market. Growing trend of organic farming in the US is expected to favor this regional market. Europe is expected to follow suit as the region has been seriously focused on reducing the carbon footprint.
The leading players changing the competition for the global wood vinegar market are Red Arrow International LLC, Dongying Runyi Biotechnology Co. Ltd., Canada Renewable Bioenergy Corp., Merck KGaA (Sigma Aldrich), Frutarom Industries Ltd., Kerry Group PLC, Agribolics Technology Sdn Bhd, and VerdiLife LLC. The research report includes detailed profiling of these companies, which includes an assessment of their financial outlook, expansion plans, strategies for mergers and acquisitions, and research and development statuses. The publication also evaluates the long-term and short-term strategies of these companies to grow during the forecast period of 2017 and 2025.
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