Global Revenues of Wood Vinegar Market to Cross US$ 1.8 Bn by 2025 End;

Albany, NY -- (SBWire) -- 12/17/2018 --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.

Transparency Market Research (TMR), in its recent outlook titled, "Wood Vinegar Market: Global Industry Analysis and Opportunity Assessment 2017-2025," projects that in terms of value, global wood vinegar market revenue will expand at a CAGR of 4.9% during an eight-year forecast period. In terms of revenue, the global wood vinegar market accounted for around US$ 1,295.4 Mn in 2017 and is anticipated to reach a value worth US$ 1,896.8 Mn by 2025 end.

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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.

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This report covers trends driving each segment and offers analysis and insights regarding the potential of the wood vinegar market in specific regions. In terms of value, Europe and Asia Pacific are likely to account for a collective share of more than 60% by the end of 2025. Also, APAC is expected to dominate the market through to 2025 in terms of demand, subsequently followed by developed markets, including North America and Europe.