세계의 목초액 시장 보고서 : 용도, 열분해 방법, 지역별(2024-2032년)

The global wood vinegar market size reached US$ 4.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 8.1 Billion by 2032, exhibiting a growth rate (CAGR) of 5.6% during 2024-2032. The increasing demand for sustainable agriculture, versatile applications across industries, and growing awareness of health and environmental concerns are some of the major factors propelling the market.

Wood vinegar, also called pyroligneous acid or liquid smoke, is a natural byproduct obtained from the process of pyrolysis, which involves the thermal decomposition of wood in the absence of oxygen. This substance is typically produced through the controlled heating of various types of wood, such as hardwood or bamboo, in a kiln or retort. Wood vinegar is characterized by its complex chemical composition, which includes acetic acid, methanol, acetone, and numerous organic compounds. It finds applications in agriculture as a biopesticide, plant growth stimulant, and soil conditioner. Besides this, it is used in various industries, such as food and cosmetics, for its flavoring and preservative properties.

The increase in demand for organic and sustainable agricultural practices has propelled the adoption of wood vinegar as an eco-friendly alternative to synthetic pesticides and fertilizers, primarily driving its global market. Besides this, wood vinegar's ability to enhance soil quality, improve crop yield, and reduce environmental impact aligns with the growing trend toward organic farming methods, creating a favorable outlook for market expansion. Moreover, its diverse range of applications in industries such as food, cosmetics, and animal husbandry, where it serves as a natural preservative, flavor enhancer, and health supplement, is contributing to the market's growth. In addition to this, the rising awareness of the detrimental effects of chemical-based products on human health and the environment has spurred the search for safer alternatives, further boosting wood vinegar's popularity. Furthermore, ongoing research and development (R&D) efforts are expanding the scope of wood vinegar applications, thereby contributing to its market growth.

Wood Vinegar Market Trends/Drivers:

Rising demand for sustainable agriculture

One of the primary drivers of the global wood vinegar market is the increasing demand for sustainable agricultural practices. With escalating concerns about the environmental impact of conventional farming methods and the need to reduce the use of synthetic chemicals, wood vinegar has emerged as a promising solution. Additionally, wood vinegar, with its organic and eco-friendly properties, is being embraced by farmers worldwide, strengthening the market growth. It serves as an effective alternative to synthetic pesticides and fertilizers, promoting healthier soil ecosystems and minimizing harm to non-target organisms. Concurrently, wood vinegar acts as a soil conditioner, enhancing nutrient absorption and water retention in the soil. This demand for sustainable farming practices is particularly significant as consumers and regulatory bodies push for safer and more environmentally friendly agricultural solutions.

Versatile applications across industries

Wood vinegar's versatility and wide range of applications are another driving force behind its global market growth. Beyond its role in agriculture, wood vinegar finds uses in various industries. In line with this, the expanding product utilization as a natural preservative or flavor enhancer in the food industry, aligning with the consumer trend toward clean-label and natural products, is presenting lucrative opportunities for market expansion. Furthermore, the rising product demand from the thriving cosmetic and personal care industries for its potential skin and hair benefits is aiding in market expansion. Moreover, wood vinegar is employed in animal husbandry to improve livestock health and enhance the quality of animal products. This multifaceted utility across industries makes wood vinegar a valuable and sought-after product in the market, contributing to its sustained growth.

Increasing awareness of health and environmental concerns

The global shift towards healthier lifestyles and heightened environmental consciousness has propelled the demand for wood vinegar. Consumers are becoming increasingly conscious of the possible health hazards associated with synthetic chemicals and additives in food, agriculture, and personal care products. This awareness is driving the preference for natural and eco-friendly alternatives, such as wood vinegar, bolstering the market growth. Furthermore, its organic nature, derived from renewable resources such as wood, appeals to environmentally conscious consumers, which is positively impacting the market growth. Additionally, regulatory agencies in various countries are imposing stricter regulations on the use of chemical pesticides and synthetic additives, further encouraging the adoption of wood vinegar as a safer and sustainable alternative, thereby supporting the market growth. This growing awareness of health and environmental concerns is expected to continue fueling the global wood vinegar market.

Wood Vinegar Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global wood vinegar market report, along with forecasts at the global, regional, and country levels for 2024-2032. Our report has categorized the market based on application and pyrolysis method.

Breakup by Application:

Agriculture

Animal Feed

Food, Medicinal and Consumer Products

Others

Agriculture dominates the market

The report has provided a detailed breakup and analysis of the market based on the application. This includes agriculture, animal feed, food, medicinal and consumer products, and others. According to the report, agriculture represented the largest segment.

The increasing resistance of pests and pathogens to conventional chemical pesticides has led farmers to seek alternative pest management solutions, and wood vinegar, with its natural biopesticide properties, has emerged as a promising option, impelling its market growth. Moreover, the desire for improved crop quality and yield, particularly in organic and sustainable farming practices, has driven the adoption of wood vinegar as a growth stimulant. It enhances nutrient uptake, root development, and overall plant health, resulting in healthier and more productive crops. In confluence with this, wood vinegar's ability to suppress soil-borne diseases and promote beneficial microorganisms contributes to its appeal as an eco-friendly soil conditioner, influencing the market growth. Furthermore, the adaptability of wood vinegar across various crop types, including fruits, vegetables, and grains, makes it a versatile choice for an array of agricultural applications, further fueling its demand in the sector.

Breakup by Pyrolysis Method:

Slow Pyrolysis

Fast Pyrolysis

Intermediate Pyrolysis

Slow pyrolysis holds the largest share in the market

A detailed breakup and analysis of the market based on the pyrolysis method has also been provided in the report. This includes slow pyrolysis, fast pyrolysis, and intermediate pyrolysis. According to the report, slow pyrolysis accounted for the largest market share.

The demand for wood vinegar produced through the slow pyrolysis method is driven by its distinct advantages in terms of quality and applications. Slow pyrolysis, which involves the controlled heating of wood at lower temperatures, results in high-quality wood vinegar with a rich concentration of organic compounds. This premium-quality wood vinegar is particularly appealing to industries such as food, cosmetics, and pharmaceuticals, where purity and consistency are paramount. In addition to this, slow pyrolysis wood vinegar boasts a more potent aroma and flavor profile, making it a preferred choice for flavoring and preserving food products. Furthermore, the slow pyrolysis method offers superior control over the production process, ensuring the extraction of specific compounds for specialized applications. As a result, industries seeking high-quality, customized wood vinegar with enhanced sensory attributes are increasingly turning to wood vinegar produced via slow pyrolysis, thus propelling its demand in the market.

Breakup by Region:

North America

United States

Canada

Asia-Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

Asia-Pacific exhibits a clear dominance, accounting for the largest wood vinegar market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia-Pacific accounted for the largest market share.

The Asia Pacific region's substantial agricultural sector, characterized by a diverse range of crops and farming practices, has led to a high demand for wood vinegar as a sustainable agricultural solution. Countries, including China, South Korea, and Japan, have witnessed increased adoption of wood vinegar in agriculture due to its effectiveness in pest management, soil enhancement, and crop yield improvement, creating a positive outlook for market expansion. Moreover, the cultural significance of natural and traditional remedies in Asia has contributed to the popularity of wood vinegar-based products in the health and wellness sectors, including traditional medicine and herbal cosmetics, strengthening the market growth. Additionally, the prevalence of wood resources, such as bamboo and hardwood, in the Asia Pacific region ensures a continuous supply of raw materials for wood vinegar production, further fueling its growth. Apart from this, the region's expanding industrial applications, including the food and cosmetics industries, are driving the demand for wood vinegar as a natural ingredient and preservative.

Competitive Landscape:

The global wood vinegar market presents a competitive landscape characterized by a mix of well-established players and emerging companies, all vying for market share in a growing industry. Key multinational corporations have entered the market, leveraging their extensive distribution networks and resources to expand their wood vinegar offerings. Simultaneously, numerous regional and smaller-scale producers are thriving, often specializing in niche segments such as organic or slow pyrolysis wood vinegar to cater to specific consumer preferences. Additionally, competition within the industry is intensifying as a result of ongoing research and development efforts, aiming to improve product quality, expand applications, and enhance sustainability. As consumer awareness of eco-friendly and organic agricultural practices continues to rise, the competitive landscape of the global wood vinegar market is likely to witness further innovation, strategic partnerships, and market consolidation.

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

Ace (Singapore) Pte Ltd

Applied Gaia Corporation

Byron Biochar

Doi & Co. Ltd.

Nettenergy B.V.

New Life Wood Vinegar

Sane Shell Carbon Private Limited

Tagrow Co. Ltd.

Taiko Pharmaceutical Co. Ltd.

VerdiLife

Recent Developments:

In May 2020, Byron Biochar announced the launch of a new product biochar + frass, composed of 80% biochar and 20% frass. It is an ideal product that is used as a soil conditioner and fertilizer.

Key Questions Answered in This Report

• 1. What was the size of the global wood vinegar market in 2023?
• 2. What is the expected growth rate of the global wood vinegar market during 2024-2032?
• 3. What are the key factors driving the global wood vinegar market?
• 4. What has been the impact of COVID-19 on the global wood vinegar market?
• 5. What is the breakup of the global wood vinegar market based on the application?
• 6. What is the breakup of the global wood vinegar market based on the pyrolysis method?
• 7. What are the key regions in the global wood vinegar market?
• 8. Who are the key players/companies in the global wood vinegar market?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the Study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Key Industry Trends

5 Global Wood Vinegar Market

• 5.1 Market Overview
• 5.2 Market Performance
• 5.3 Impact of COVID-19
• 5.4 Market Forecast

6 Market Breakup by Application

• 6.1 Agriculture
  • 6.1.1 Market Trends
  • 6.1.2 Market Forecast
• 6.2 Animal Feed
  • 6.2.1 Market Trends
  • 6.2.2 Market Forecast
• 6.3 Food, Medicinal and Consumer Products
  • 6.3.1 Market Trends
  • 6.3.2 Market Forecast
• 6.4 Others
  • 6.4.1 Market Trends
  • 6.4.2 Market Forecast

7 Market Breakup by Pyrolysis Method

• 7.1 Slow Pyrolysis
  • 7.1.1 Market Trends
  • 7.1.2 Market Forecast
• 7.2 Fast Pyrolysis
  • 7.2.1 Market Trends
  • 7.2.2 Market Forecast
• 7.3 Intermediate Pyrolysis
  • 7.3.1 Market Trends
  • 7.3.2 Market Forecast

8 Market Breakup by Region

• 8.1 North America
  • 8.1.1 United States
    • 8.1.1.1 Market Trends
    • 8.1.1.2 Market Forecast
  • 8.1.2 Canada
    • 8.1.2.1 Market Trends
    • 8.1.2.2 Market Forecast
• 8.2 Asia-Pacific
  • 8.2.1 China
    • 8.2.1.1 Market Trends
    • 8.2.1.2 Market Forecast
  • 8.2.2 Japan
    • 8.2.2.1 Market Trends
    • 8.2.2.2 Market Forecast
  • 8.2.3 India
    • 8.2.3.1 Market Trends
    • 8.2.3.2 Market Forecast
  • 8.2.4 South Korea
    • 8.2.4.1 Market Trends
    • 8.2.4.2 Market Forecast
  • 8.2.5 Australia
    • 8.2.5.1 Market Trends
    • 8.2.5.2 Market Forecast
  • 8.2.6 Indonesia
    • 8.2.6.1 Market Trends
    • 8.2.6.2 Market Forecast
  • 8.2.7 Others
    • 8.2.7.1 Market Trends
    • 8.2.7.2 Market Forecast
• 8.3 Europe
  • 8.3.1 Germany
    • 8.3.1.1 Market Trends
    • 8.3.1.2 Market Forecast
  • 8.3.2 France
    • 8.3.2.1 Market Trends
    • 8.3.2.2 Market Forecast
  • 8.3.3 United Kingdom
    • 8.3.3.1 Market Trends
    • 8.3.3.2 Market Forecast
  • 8.3.4 Italy
    • 8.3.4.1 Market Trends
    • 8.3.4.2 Market Forecast
  • 8.3.5 Spain
    • 8.3.5.1 Market Trends
    • 8.3.5.2 Market Forecast
  • 8.3.6 Russia
    • 8.3.6.1 Market Trends
    • 8.3.6.2 Market Forecast
  • 8.3.7 Others
    • 8.3.7.1 Market Trends
    • 8.3.7.2 Market Forecast
• 8.4 Latin America
  • 8.4.1 Brazil
    • 8.4.1.1 Market Trends
    • 8.4.1.2 Market Forecast
  • 8.4.2 Mexico
    • 8.4.2.1 Market Trends
    • 8.4.2.2 Market Forecast
  • 8.4.3 Others
    • 8.4.3.1 Market Trends
    • 8.4.3.2 Market Forecast
• 8.5 Middle East and Africa
  • 8.5.1 Market Trends
  • 8.5.2 Market Breakup by Country
  • 8.5.3 Market Forecast

9 SWOT Analysis

• 9.1 Overview
• 9.2 Strengths
• 9.3 Weaknesses
• 9.4 Opportunities
• 9.5 Threats

10 Value Chain Analysis

11 Porters Five Forces Analysis

• 11.1 Overview
• 11.2 Bargaining Power of Buyers
• 11.3 Bargaining Power of Suppliers
• 11.4 Degree of Competition
• 11.5 Threat of New Entrants
• 11.6 Threat of Substitutes

12 Price Analysis

13 Competitive Landscape

• 13.1 Market Structure
• 13.2 Key Players
• 13.3 Profiles of Key Players
  • 13.3.1 Ace (Singapore) Pte Ltd
    • 13.3.1.1 Company Overview
    • 13.3.1.2 Product Portfolio
  • 13.3.2 Applied Gaia Corporation
    • 13.3.2.1 Company Overview
    • 13.3.2.2 Product Portfolio
  • 13.3.3 Byron Biochar
    • 13.3.3.1 Company Overview
    • 13.3.3.2 Product Portfolio
  • 13.3.4 Doi & Co. Ltd.
    • 13.3.4.1 Company Overview
    • 13.3.4.2 Product Portfolio
  • 13.3.5 Nettenergy B.V.
    • 13.3.5.1 Company Overview
    • 13.3.5.2 Product Portfolio
  • 13.3.6 New Life Wood Vinegar
    • 13.3.6.1 Company Overview
    • 13.3.6.2 Product Portfolio
  • 13.3.7 Sane Shell Carbon Private Limited
    • 13.3.7.1 Company Overview
    • 13.3.7.2 Product Portfolio
  • 13.3.8 Tagrow Co. Ltd.
    • 13.3.8.1 Company Overview
    • 13.3.8.2 Product Portfolio
  • 13.3.9 Taiko Pharmaceutical Co. Ltd.
    • 13.3.9.1 Company Overview
    • 13.3.9.2 Product Portfolio
    • 13.3.9.3 Financials
  • 13.3.10 VerdiLife
    • 13.3.10.1 Company Overview
    • 13.3.10.2 Product Portfolio