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The expanding global population supports the demand for animal protein obtained from meat, milk, and eggs. The production of safe and nutritious animal food is dependent on feed quality. Consequently, the demand for wood vinegar is anticipated to rise in animal feed. Studies have depicted the positive impact of wood vinegar on cattle meat quality and fertility rate, milk production and quality of eggs.
Consistent supply of wood vinegar is important for the supply of biomass, particularly wood. In this regard, regions that have a well-established forestry industry or an abundance of agricultural waste in general can offer the advantage of lesser raw material costs along with a continuous supply.
The rapidly rising biomass wastes globally are contributing to disposal and governance issues. As a result, the abundant biomass waste can be used to produce wood vinegar and support global sustainability.
Moreover, rising health concerns among the population are accelerating the shift towards organic food products that are chemical free and eco-friendly. Hence, there is an increase in the use of organic fertilisers, such as wood vinegar produced from renewable sources, to enhance the growth and strength of roots.
Rising research and development activities
Growing research activities are expected to stimulate the use of wood vinegar in medical applications to reduce acid reflux, heartburn, and indigestion; prevent vomiting; reduce peptic ulcers; and eliminate dental infections; among other conditions, leading to the wood vinegar market development.
Growing applications in the food sector
There is a rising use of wood vinegar in the food industry as a flavour additive and preservative for aroma and food, as it is known to contain anti-microbial and antioxidant properties. The presence of phenolic compounds in wood vinegar contributes to its antimicrobial characteristics.
Increasing adoption of organic farming
The rapidly growing organic agriculture sector is driving the demand for wood vinegar as one of the most sought-after organic fertilisers used in agricultural practices. Wood vinegar is used to improve soil quality, eradicate pests, and promote plant growth.
Favourable government initiatives
Governments globally are laying out schemes and initiatives as part of their plans to boost sustainable agricultural practices and provide more income to farmers. For instance, the U.S. Department of Agriculture’s (USDA) Organic Transition Initiative, launched in 2022 to promote organic farming practices, is anticipated to potentially support the use of wood vinegar as an organic fertiliser in farming.
Wood Vinegar Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market attained a value of USD 37.92 million in 2023.
The market is estimated to grow at a CAGR of 6.5% during 2024-2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 67.09 million by 2032.
The key trends guiding the growth of the market are growing importance of sustainable practices and expansion of the organic agriculture sector.
The key regional markets for wood vinegar are North America, Europe, the Asia Pacific, LAMEA.
The applications of wood vinegar include agriculture, animal feed, food, medicinal, and consumer products, and others.
The methods used include slow pyrolysis, intermediate pyrolysis, and fast pyrolysis.
The key players in the market include ACE (Singapore) Pte Ltd, Tagrow Co., Ltd., Sane Shell Carbon Private Limited, Nettenergy B.V., New Life Agro, and Applied Gaia Corporation, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124