AdvanceMarketAnalytics, a global market research and consulting organization, have released a new study titled "Wood Vinegar market - Global outlook to 2024". Industries constant focus on reducing the operational cost and increased attention on core business, and need to improve scalability are expected to shape the Global Wood Vinegar market to grow at a CAGR of 6.5%.
The End users, such as Agriculture, is boosting the Wood Vinegar market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Components, such as Acetic acid, is boosting the Wood Vinegar market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Methods, such as Slow Pyrolysis, is boosting the Wood Vinegar market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
According to AMA research team, the Global Wood Vinegar market will experience significant growth during the forecast period due to potential opportunities lying in the market such as . Some of the important driving forces are Increasing Production of Processed Foods such as Meat and Seafood, Growing Consumption of Organic Food Products and Rising Application of Wood Vinegar among Various Industries.
Wood vinegar is also known as pyroligneous acid or liquid smoke. It is a dark liquid in appearance and it is produced by destructive distillation of wood and several other plant materials. Wood vinegar consists of 80-90 %water and approximately 200 plus organic compounds. This type of vinegar has various health benefits such as it helps in digestion, reduces the effect of diarrhea and vomiting, maintain cholesterol level, etc. Further, improving crop yield production and increasing base of end-use industries with government initiatives for bio-based products, and stringent environmental regulations are driving the market growth.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Wood Vinegar market by Type (Wood Destructive Distillation and Chemical Synthesis), by Application (Natural plant-derived pesticide, Herbicide, Plant Growth Promoter, Fungal Growth Enhancer and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key trends (current and future) of the market