Wood vinegar, also known as pyroligneous acid or liquid smoke, is a natural extract from wood, and is widely used in organic farming across the globe
Albany, NY -- (SBWIRE) -- 05/09/2018 -- In order to study the various trends and patterns prevailing in the overall market for wood vinegar, Market Research Reports Search Engine (MRRSE) has included a new report titled "Global Wood Vinegar Market" to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. Readers can access the regional as well as segment-wise analysis for acquiring precise information about the global market structure.
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Food and beverages manufacturers, today, are responding by reformulating products and providing clean label products. Processed food manufacturers are focusing on investing in the expansion of existing production plants, and setting up of new plants to increase the production of processed food such as meat and seafood products. This, in turn, is expected to boost the demand for liquid smoke/wood vinegar that is used to add a distinct flavour in certain processed food products.
Wood vinegar manufacturers across the globe are increasingly focusing on using different types of wood as raw materials to produce products with distinct flavors. In addition, these manufacturers also focus on blending two or more raw materials for product differentiation. The global wood vinegar market is, however, currently restrained by the lack of consumer awareness about liquid smoke products in certain developing countries. Revenue generated from wood vinegar market was approximately US$ 1,295.4 Mn in 2017 and is expected to increase at a CAGR of 4.9% over the forecast period, 2017-2025. By the end of 2025, the market is expected to be valued at around US$ 1,896.8 Mn.
Wood vinegar, also known as pyroligneous acid or liquid smoke, is a natural extract from wood, and is widely used in organic farming across the globe. Wood vinegar is a dark liquid extracted through the process of destructive distillation of wood. The main component of wood vinegar is acetic acid, which accounts for 3-7% of the total ingredients, and 50-70% of the organic matter. Apart from this, wood vinegar also consists of water, phenols, methanol, and ethanol. Wood vinegar is widely used as a fertilizer and pesticide in organic farming. Apart from this, it is used to give a smoky flavor to various food products in the food and beverage industry. Other applications of wood vinegar are in pharmaceuticals, personal care and cosmetics, and animal feed industry.
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Key Segments Covered
By Production Method
On the basis of end-use, the wood vinegar market is segmented into agriculture, food and beverages, animal feed, pharmaceuticals, and personal care and cosmetics market. Furthermore, agriculture segment, is sub-segmented into pesticides, fertilizers, bactericides, and others and food and beverages sub-segmented into mat and seafood, sauces, dairy products, snacks, and others. The agriculture segment is likely to be the most attractive segment in the forecast period owing to its several applications where it is used as a natural plant-derived pesticide, herbicide, plant growth promoter, fungal growth enhancer, and in several other applications. On other side, among food and beverage segment, meat and seafood sub-segment is anticipated to occupy the largest market share of 60.1% in 2017 end. The dairy products sub-segment is expected to register high growth rate during forecast period. On the basis of production method, the wood vinegar market can be segmented into rapid pyrolysis, intermediate pyrolysis, and slow pyrolysis. Among, production method segment, slow pyrolysis segment is expected to be valued at approximately US$ 48.2% by the end of 2025.
In the final section of the report, a competitive landscape has been included to provide report audiences with a dashboard view. Key categories of providers covered in the report are wood vinegar' key players of the global wood vinegar market. Detailed profiles of the providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the wood vinegar space. Key players in the global wood vinegar market includes Dongying Runyi Biotechnology Co. Ltd., Merck KGaA (Sigma Aldrich), Canada Renewable Bioenergy Corp., Kerry Group PLC, Frutarom Industries Ltd., Agribolics Technology Sdn Bhd, VerdiLife LLC., Red Arrow International LLC, B&G Foods, Inc., Baumer Foods, Inc., TAGROW CO., LTD., and New Life Wood Vinegar.
Key Regions/Countries Covered
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