Global Wood Vinegar Market Overview:
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. According to AMA, the Global Wood Vinegar market is expected to see growth rate of 6.5%
Market Drivers
- Increasing Production of Processed Foods such as Meat and Seafood
- Growing Consumption of Organic Food Products
- Rising Application of Wood Vinegar among Various Industries
Market Trend
- The Demand for Charcoal and Its By-Products, Including Wood Vinegar for Energy Production
Restraints
- Lack of Consumer Awareness about Liquid Smoke Products
Opportunities
- Collaborative efforts to bring Natural Products to Organic products in Process
Challenges
- Limited Production of Charcoal by the Government, hence limiting the Adoption of Wood Vinegar
Competitive Landscape:
Some of the key players profiled in the report are ACE Pte Ltd (Singapore), Canada Renewable Bioenergy Corp. (Canada), Nettenergy BV (Netherlands), TAGROW CO., LTD. (China), Byron Biochar (Australia), New Life Agro (United States), Verdi Life (United States) and Nakashima Trading Co. Ltd. (Japan). Additionally, following companies can also be profiled that are part of our coverage like Penta Manufacturer (United States) and Doi & Co., Ltd (Japan). Considering Market by End users, the sub-segment i.e. Agriculture will boost the Wood Vinegar market. Considering Market by Components, the sub-segment i.e. Acetic acid will boost the Wood Vinegar market. Considering Market by Methods, the sub-segment i.e. Slow Pyrolysis will boost the Wood Vinegar market.
Market Highlights:
On Jan 2017, Pyrotech Energy Pty Ltd is an Australian Energy Firm which is specialized in the Biomass Field has set up a collaboration with Nettenergy BV for its Nettenergy’s Pyroflash Technology. Its Pyroflash Technology transforms Waste Biomass to Bio Chemicals and Liquid Fuels. According to Pyro-Tech, this collaboration set up marketing and licensing preparations for Pyroflash Technology. The company has a huge availability of waste biomass, which can be converted to valuable renewable energy and various Bio by-products attributing to setting up an appropriate commercial income generation by the effectiveness to save thousands of CO2 emissions annually.
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Wood Vinegar market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Wood Vinegar market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Wood Vinegar Manufacturers, Industry Associations, Marketing firms, Downstream Vendors, Potential Investors, Traders, Distributors, and Suppliers and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.