Global Valeric Acid Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Synthetic Valeric Acid and Natural Valeric Acid), By Application (Food and Beverages, Pharmaceuticals, Personal Care, Animal Feed, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033

Global Valeric Acid Market Insights Forecasts to 2033

• The Global Valeric Acid Market Size was estimated at USD 178.62 Million in 2023
• The Global Valeric Acid Market Size is Expected to Grow at a CAGR of around 7.16% from 2023 to 2033
• The Worldwide Valeric Acid Market Size is Expected to Reach USD 356.75 Million by 2033
• North America is expected to grow the fastest during the forecast period

The Global Valeric Acid Market Size is Expected to cross USD 356.75 Million By 2033, Growing at a CAGR of 7.16% From 2023 to 2033. The market for valeric acid offers a lot of prospects, especially for eco-friendly and sustainable products.   

Market Overview  

The commercial industry that produces, distributes, and uses valeric acid a chemical molecule having the molecular formula C5H10O2 is referred to as the "valeric acid market." A form of carboxylic acid that is present in certain plants, valeric acid finds usage in a wide range of industrial processes, such as the creation of esters for flavorings and scents, as well as the production of plasticizers, medications, and agrochemicals. Increasing applications of valeric acid in various industries, technological developments in its production, and changing environmental and regulatory variables influencing its production and consumption could all contribute to market trends. The growing end-uses of valeric acid, including chemical intermediates, biofuel, bioplastics, lubricants, food and feed additives, and flavoring compounds, are the main drivers of the valeric acid market. The global valeric acid market is expanding due to the rising demand for tastes and perfumes. Valeric acid is a crucial component of many industrial processes, and its growing applications in a variety of industries, including food, beverages, and medicines, are the main drivers of its expansion.   

Report Coverage

This research report categorizes the valeric acid market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the valeric acid market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the valeric acid market.

Driving Factors

The growing use and acceptance of valeric acid in the pharmaceutical sector is one of the key drivers of the market's expansion. The growing need for biodegradable and environmentally friendly products is a major driver of market expansion and is driving companies to use sustainable chemical solutions, such as valeric acid. Increasing consumer desire for flavoured foods and drinks upsurges the demand for these additives, which in turn is driving up the valeric acid market. The increased use of valeric acid in the flavor and fragrance industry as well as its growing contribution to the creation of biodegradable plasticizers via valerate esters.   

Restraining Factors

The price volatility of raw materials is a major restriction, especially for the petrochemical derivative-based manufacturing of synthetic valeric acid. 

Market Segmentation

The valeric acid market share is classified into product type and application.      

• The synthetic valeric acid segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the product type, the valeric acid market is divided into synthetic valeric acid and natural valeric acid. Among these, the synthetic valeric acid segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. Synthetic valeric acid is in high demand in industry due to its precursor to a variety of derivatives that are used in many different chemical processes, such as the production of esters and synthetic lubricants.

• The food and beverages segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.

Based on the application, the valeric acid market is divided into food and beverages, pharmaceuticals, personal care, animal feed, and others. Among these, the food and beverages segment held the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. The main purpose of valeric acid in the food and beverage industry is as a flavoring ingredient. Due to its unique scent and flavor-enhancing qualities, the chemical is a great option for producers who want to give their products distinctive flavor profiles.

Regional Segment Analysis of the Valeric Acid Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America)
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the valeric acid market over the predicted timeframe.

Asia Pacific is anticipated to hold the largest share of the valeric acid market over the predicted timeframe. Asia Pacific due to the fast industrialization, growing need for biofuels, and the growth of the chemical and pharmaceutical industries. The adoption of biofuels as a sustainable fuel alternative is encouraged by numerous countries' policies, which further propels the market's expansion in this area. The existence of the world's most populous nations raises the energy demand. The Asia Pacific area is characterized by the strategic focus on improving chemical production capacities and the growing usage of valeric acid in diverse industrial applications.   

North America is expected to grow at the fastest CAGR growth of the valeric acid market during the forecast period. The presence of a sophisticated biofuel industry, strict laws, and rising demand for renewable energy sources propel North America market expansion. Due to its sophisticated infrastructure for research and development and strong focus on innovation, the United States in particular plays a significant role in the expansion of the market. The region's strict regulations and focus on environmentally friendly chemical processes drive the market for both natural and synthetic valeric acid. 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the valeric acid market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Axxence Aromatic GmbH
• OXEA GmbH
• Perstorp Holding AB
• Vigon International, Inc.
• Solvay S.A.
• BASF SE
• Eastman Chemical Company
• Tokyo Chemical Industry Co., Ltd.
• Dow Chemical Company
• Evonik Industries AG
• Penta Manufacturing Company
• Arkema Group
• Celanese Corporation
• Kalpsutra Chemicals Pvt. Ltd.
• Others  

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Recent Development

• In September 2023, Perstorp launched new carboxylic acid grades that have the lowest product carbon footprint on the market, 100% renewable content, and traceable mass-balanced content. The new products, 2-Ethylhexanoic Acid Pro 100 and Valeric Acid Pro 100, mark the most recent advancement in Perstorp's quest to achieve Finite Material Neutrality.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the valeric acid market based on the below-mentioned segments: 

Global Valeric Acid Market, By Product Type  

• Synthetic Valeric Acid
• Natural Valeric Acid

Global Valeric Acid Market, By Application

• Food and Beverages
• Pharmaceuticals
• Personal Care
• Animal Feed
• Others

Global Valeric Acid Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa