The Latin America, Middle East and Africa Wood Vinegar Market would witness market growth of 6.0% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 600.83 Tonnes, showcasing a growth of 5.6% (2023-2030).
In fast pyrolysis, biomass feedstock such as wood chips or sawdust is quickly heated, causing it to break down into volatile compounds, gases, and char. These volatile compounds are then condensed to yield a dark-colored liquid known as wood vinegar, which contains a complex mixture of organic acids, phenolic compounds, and other bioactive substances. Therefore, the Brazil market will process 49.01 tonnes of wood vinegar by fast pyrolysis method by 2030.
The Brazil market dominated the LAMEA Wood Vinegar Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,077.7 Thousands by 2030. The Argentina market is showcasing a CAGR of 5.2% during (2023 - 2030). Additionally, The South Africa market would register a CAGR of 6.7% during (2023 - 2030).
Wood vinegar, alternatively referred to as wood tar oil or pyroligneous acid, is an organic compound produced through the destructive distillation or pyrolysis of diverse wood biomass varieties. This ancient product has gained renewed attention recently due to its multifaceted applications across diverse industries. With its rich history, wood vinegar has evolved from traditional folk remedies to a modern eco-friendly solution with wide-ranging benefits.
Moreover, the adoption of wood vinegar has been steadily increasing as consumers and businesses recognize its potential as a sustainable alternative to synthetic chemicals. Historically, wood vinegar has been utilized in traditional medicine, agriculture, and preservation techniques. However, advancements in production technology and growing awareness of environmental sustainability have propelled its adoption in contemporary applications.
In the field of food and beverages, there is a growing inclination among South African consumers to favor products that are natural and sustainable. With rising awareness of health and environmental concerns, there is a growing preference for organic, chemical-free alternatives. Wood vinegar, a natural byproduct of biomass pyrolysis, aligns well with these consumer preferences and offers an eco-friendly solution for food and beverage applications. Hence, the rising food and beverage and agriculture sectors in LAMEA will fuel the demand for wood vinegar in the region.
Free Valuable Insights: The Worldwide Wood Vinegar Market is Projected to reach USD 14.5 Million by 2030, at a CAGR of 6.4%
Based on Pyrolysis Method, the market is segmented into Slow Pyrolysis, Fast Pyrolysis, and Intermediate Pyrolysis. Based on Application, the market is segmented into Agriculture, Animal Feed, Food, Medicinal & Consumer Products, and Others. Based on countries, the market is segmented into Brazil, Argentina, Morocco, Chile, South Africa, Nigeria, and Rest of LAMEA.
By Pyrolysis Method (Volume, Tonnes, USD Million, 2019-2030)
By Application (Volume, Tonnes, USD Million, 2019-2030)
By Country (Volume, Tonnes, USD Million, 2019-2030)
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