Vinegar
is a dilute solution of acetic acid formed by the fermentation of
alcohol and used as a preservative or condiment. Wood vinegar is a
sour liquid made from bamboo and has antioxidant property. Wood
vinegar is a byproduct formed in the production of charcoal used in
agriculture as a bio-pesticide. The global wood vinegar market is
expected to have significant growth rate, attributed to growing food
industry and increasing demand for organic food. Asia-Pacific except
Japan has substantial growth in the global wood vinegar market, owing
to growing population.
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Global
Wood Vinegar Market Dynamics:
The
growth of the global wood vinegar market is driven by growing demand
for organic food, increasing investments in the food industry, and
increasing health consciousness of consumers. Macroeconomic factors
such as growing economy, increasing per capita income, rapid rate of
urbanization, and employment rate driving the global wood vinegar
market. However, wood vinegar will not show its fertilizer and
bactericidal activity if not taken in appropriate proportion. This,
in turn, expected to restrain the global wood vinegar market. Some of
the factors trending the global wood vinegar market include growing
technological advancement in the production of wood vinegar and
mergers & acquisitions between the suppliers, producers, and
distributors of wood vinegar market. The company operates in the wood
vinegar market have significantly high opportunity in regions such as
Asia-Pacific, Middle East & Africa, and Latin America attributed
to the significantly growing economy and dominance of agriculture
sector across the regions.
Global
Wood Vinegar Market Segmentation:
The
global wood vinegar market is segmented on the basis of application,
production method, and region. On the basis of application, the
global wood vinegar market is segmented as agriculture, food and
beverages, wood tar, animal husbandry, waste water treatment, and
others, wherein agriculture segment have significant revenue share
and is expected to have substantial growth rate, owing to high demand
for organic pesticides and fertilizer in agriculture industry across
the globe. Agriculture segment further sub-segmented into
bio-pesticide, bactericidal, and fertilizer. Among these,
bio-pesticide segment contributes the lion share of the global
consumer foodservice market. On the basis of production method, the
global
wood vinegar market is segmented as pyrolysis and others. The
pyrolysis segment is fragmented into fast, intermediate, and slow
pyrolysis method. Among pyrolysis segment, the fast pyrolysis method
segment is expected to have a substantial revenue share in global
wood vinegar market. Among the production method segment, pyrolysis
is expected to contribute for major revenue share in the global wood
vinegar market.
Based
on application, the global wood vinegar market is segmented into:
- Agriculture
- Bio-pesticide
- Bactericidal
- Fertilizer
- Food and Beverages
- Wood Tar
- Animal Husbandry
- Waste Water Treatment
- Others
Based
on the production method, the global wood vinegar market is segmented
into:
- Pyrolysis
- Fast Pyrolysis
- Intermediate Pyrolysis
- Slow Pyrolysis
- Others
Global
Wood Vinegar Market Regional Outlook:
Based
on the geographies, the global wood vinegar market is fragmented into
seven regions -- North America, Latin America, Western Europe,
Eastern Europe, Asia-Pacific except Japan, Japan, and the Middle East
& Africa. Among the regions, Asia-Pacific accounts for a
relatively high share of the wood vinegar market, attributed
dominance of agriculture and rapidly growing population across the
region particularly in the countries such as China and India. North
America and Western Europe also accounts for the significant share of
the global wood vinegar market with substantial growth rate, owing to
rapidly increasing demand for organic food across the regions.
Eastern Europe and Japan also accounts for significant value share in
the global wood vinegar market. The Middle East and Africa is
expected to expand at a substantial CAGR, owing to growing food
industry across the region, particularly in GCC countries. Overall,
the outlook for the global wood vinegar market will have a positive
growth over the forecast period, increasing demand for organic food,
increasing per capita income, and rapid economic growth being
counterfeiting factors.
Global
Wood Vinegar Market Player:
Few
players in the global wood vinegar market include Taiko
Pharmaceutical Co. Ltd., NAKASHIMA TRADING CO. LTD., Nettenergy B.V.,
Canada Renewable Bioenergy Corporation, Byron Biochar, TAGROW CO.
LTD., and Ace Pte Ltd.
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