According to a new report, published by KBV research, The Global Wood Vinegar Market size is expected to reach $14.5 million by 2030, rising at a market growth of 6.4% CAGR during the forecast period. In the year 2022, the market attained a volume of 1583.48 Tonnes, experiencing a growth of 3.8% (2019-2022).
E-commerce platforms provide wood vinegar producers access to a global audience, enabling them to reach customers beyond their geographical boundaries. This expanded market reach opens up new opportunities for producers to tap into diverse consumer demographics and target niche markets that may not be accessible through traditional brick-and-mortar retail channels. As a result, e-commerce facilitates market expansion and revenue growth for wood vinegar producers, regardless of their size or location.
The Slow Pyrolysis segment is leading the Global Wood Vinegar Market by Pyrolysis Method in 2022 thereby, achieving a market value of $9.6 Million by 2030. Various industries are actively pursuing environmentally sustainable alternatives in light of increasing apprehensions regarding climate change and carbon emissions. Slow pyrolysis technology aligns with these goals by converting biomass waste, such as agricultural residues and forestry byproducts, into valuable products like wood vinegar while sequestering carbon in biochar. Hence, these factors can help in the growth of the segment.
The Animal Feed segment is poised to have a CAGR of 7% during (2023 - 2030). Wood vinegar contains various organic acids, phenolic compounds, and bioactive substances that offer animal nutritional benefits. Growing animal feed sector is beneficial for the wood vinegar demand. As per the data published by Invest India in 2022, the Indian animal feed sector grew at a 3.5% growth rate over the last 5 years. Meanwhile, compound cattle feed has a potential of $400 - 650 Mn with 16% growth over the next five years. Therefore, the segment will expand rapidly in the upcoming years.
Full Report: https://www.kbvresearch.com/wood-vinegar-market/
The Asia Pacific region dominated the Global Wood Vinegar Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $5.6 Million by 2030, growing at a CAGR of 6.2 % during the forecast period. The LAMEA region is showcasing a CAGR of 6% during (2023 - 2030). Additionally, The North America region would experience a CAGR of 6.7% during (2023 - 2030).
By Pyrolysis Method (Volume, Tonnes, USD Million, 2019-2030)
By Application (Volume, Tonnes, USD Million, 2019-2030)
By Geography (Volume, Tonnes, USD Million, 2019-2030)
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