A comprehensive study, focusing on the global demand of wood vinegar has been broadcasted to the wide repository of Market Research Hub (MRH), which is titled as “Wood Vinegar Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025”. This 182-pages study covers a complete outlook on global wood vinegar market’s evolution throughout the above-mentioned forecast period in terms of revenue (in US$ Mn). Further, it offers updates on major trends, drivers, restraints, value forecasts, and prospects for manufacturers operating in the global and regional wood vinegar market.
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Introduction and Market Overview
Initially, the report gives readers a brief introduction of wood vinegar. Wood vinegar, also known as pyroligneous acid or liquid smoke is widely used in organic farming across the globe. As its name implies, is derived from tree wood. Wood vinegar has several applications where it can be used as a natural plant-derived pesticide, herbicide, plant growth promoter, fungal growth enhancer, and in several other applications. Apart from this, it is used to give a smoky flavor to many food products in the food and beverage industry.
According to the research key findings, revenue generated from wood vinegar market was approximately US$ 1,295.4 Mn in 2017 and is expected to increase at a CAGR of 4.9% over the forecast period, 2017-2025. By the end of 2025, the market is expected to be valued at around US$ 1,896.8 Mn.
There are various factors attributable to the above evaluations. This research study has encapsulated are the key facets of the wood vinegar market in the overview section. It has been analyzed that the growing consumer demand for organic food products is captivating manufacturers to bring in all 'natural' and 'organic' products to the marketplace. Consequently, the farmers’ interest in organic farming is growing. In order to fulfill this need, collaborative efforts are in the process, thus creating an opportunity for the market growth of wood vinegar in the near future.
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Segmental Overview
The research has been broadly categorized on the basis of production method, end-use and region. By production method, the wood vinegar market can be segmented into rapid pyrolysis, intermediate pyrolysis, and slow pyrolysis. On the other hand, regions highlighted in this study include Europe, APAC, North America, Middle East and Africa and Latin America.
Also, leading players in the market are focusing on new product launches and bringing products in the marketplace that are natural and at the same time very affordable. For the clear understanding, the research study includes a competitive landscape section for the audiences with a dashboard view which profiles each player in detail. At present, key players in the global wood vinegar market includes Agribolics Technology Sdn Bhd, Dongying Runyi Biotechnology Co. Ltd., Frutarom Industries Ltd., VerdiLife LLC., Merck KGaA (Sigma Aldrich), Canada Renewable Bioenergy Corp., Kerry Group PLC, Red Arrow International LLC, B&G Foods, Inc., Baumer Foods, Inc., TAGROW CO., LTD., and New Life Wood Vinegar.
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