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Table of Contents
Wood vinegar is a dark liquid also known as pyroligneous acid, liquid smoke or mokusaku. Wood vinegar is obtained as a by-product during charcoal production when a biomass is heated in an airless container; wood vinegar is obtained in gaseous form. When the gas is cooled, it condenses into liquid. Wood vinegar is cost effective as farmers can produce it from branches trimmed from trees. Wood vinegar is proving to be an attractive replacement for synthetic chemicals as it can be used as organic pesticide as well as animal fodder.
Wood vinegar is safe to human beings, animals, plants, and environment. It not only eliminates the pests but also improves soil quality. Wood vinegar is able to accelerate the development of roots, stems, tubers, leaves, flowers, and fruit. Low cost of production helps in savings from cost of chemicals. Wood vinegar product provides various health benefits including better digestion, protects liver disease, promotes oral health, reduces the effect of vomiting and diarrhea and maintains normal cholesterol level.
Wood vinegar market is segmented into slow pyrolysis, fast pyrolysis, and intermediate pyrolysis on the basis of pyrolysis method. Slow pyrolysis possesses largest market share in global market in 2023 and is expected to be the largest market share holder during the forecast period. Agriculture, animal feed, food, medicinal and consumer products sector are application sector segment of wood vinegar market. Agriculture is the largest sector in global wood vinegar market in 2023 and is anticipated to hold largest market share during forecast period.
Asia Pacific is the largest Wood Vinegar Market in 2023 as wood vinegar is rapidly gaining acceptance as an essential Asian natural farming input. Asia is the largest producer and user of wood vinegar. About 80% of global wood vinegar produced in Asia in 2023. Asia Pacific is expected to be the largest player during the forecast period in global Wood Vinegar Market. North America and Europe boost this market due to high rate of technological developments. Lack of government policies and low level of awareness in Asian countries is a big hurdle for growth of this market.
Wood Vinegar Market : Product Type
Wood Vinegar Market : Application
Global Wood Vinegar Market: Competitive Analysis
Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study consists of following key players in Global Wood Vinegar Market:
Geographical analysis of Wood Vinegar Market :
Global Wood Vinegar Market Report delivers a comprehensive analysis of the following parameters:
Parameters | Details |
---|---|
Base Year |
2024 |
Historical Data |
2018-2023 |
Forecast Data |
2024-2030 |
Base Year Value (2024) |
USD 6223.4 million |
Forecast Value (2031) |
USD 10191.21 million |
CAGR (2025-2030) |
7.3 % |
Regional Scope |
North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW |
Wood Vinegar Market was valued at around USD 6223.4 million in 2023 & estimated to reach USD 10191.21 million by 2030.
Wood Vinegar Market is likely to grow at Compound Annual Growth Rate (CAGR) of 7.3% between 2024 to 2030.
Wood Vinegar Market is dominated by the Agriculture segment and the Asia-Pacific region holds the highest market share in 2023.
Some of the top key players in the Wood Vinegar Market are ACE (Singapore) Pte Ltd, Tagrow Co., Ltd, Wood Vinegar Australia, New Life Agro, Verdi Life, L.L.C., Taiko Pharmaceutical Co., Ltd., Nettenergy B.V., Sort Of Coal, Dongying Runyi Biological Technology Co, Ltd, Applied Gaia Corporation.
Primary driving factors for the growth of the Wood Vinegar Market include ?Low cost of production along with various health benefits including better digestion, protects liver disease, promotes oral health, reduces the effect of vomiting and diarrhea and maintains normal cholesterol level.
Yes, the report includes COVID 19 impact on the market.
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