Peracetic acid market seen doubling by 2031 on food safety demand

The global peracetic acid market is projected to grow from $0.9 billion in 2021 to $1.8 billion by 2031, driven by demand from food and beverage processing, healthcare and pharmaceuticals. Allied Market Research says disinfectants led the market in 2021, while sanitizers, healthcare uses and Asia-Pacific are set for the fastest growth.

Why it matters: - Peracetic acid is becoming a bigger part of food safety, sanitation and industrial disinfection. - The market’s expected expansion signals rising demand for antimicrobial chemicals across food & beverages, healthcare and pharmaceuticals. - More information is available through Allied Market Research.

What happened: - Allied Market Research projected the global peracetic acid market will rise from $0.9 billion in 2021 to $1.8 billion by 2031. - The firm estimated a 7.7% compound annual growth rate from 2022 through 2031. - The report tied growth to stronger use in sanitation, disinfection and processing applications. - Peracetic acid is widely used in food processing and packaging for juices, soft drinks, milk and tea because of its antimicrobial properties. - The chemical is also gaining adoption as a sanitizer in brewing and in pharmaceutical applications.

The details: - Food & beverages, healthcare and pharmaceutical industries are the main demand drivers. - Online food retail expansion is adding to demand. - Post-COVID demand for disinfectants and sanitizers remains a market support. - Allied Market Research identified health hazards linked to handling and exposure as a restraint. - Disinfectants held the largest application share in 2021. - Sanitizers are expected to grow the fastest, at about 8.3% CAGR. - Food & beverages held the largest end-use share in 2021. - Healthcare is projected to be the fastest-growing end-use segment, at about 8.5% CAGR. - Asia-Pacific held the largest regional share in 2021. - Asia-Pacific is also expected to post the fastest regional growth, at about 8.7% CAGR.

Between the lines: - The market mix suggests peracetic acid is shifting from a niche processing chemical to a broader hygiene input. - Brewing and beverage sanitation appear to be important growth pockets beyond core food processing. - The biggest upside is in healthcare and high-compliance cleaning uses, where disinfection standards are likely to stay elevated. - Companies in the market are pursuing partnerships, expansions, product innovation and collaborations to strengthen positions.

What's next: - Allied Market Research expects demand to keep building through 2031 as food safety and disinfection needs broaden. - Advanced cleaning and hygiene solutions could create new product opportunities. - More market data and graphs are available through the purchase options page. - Major companies in the market include Acuro Organics Limited, Airedale Chemical Company, Diversey Inc., Ecolab Inc., Evonik Industries AG, Kemira Oyj, Mitsubishi Gas Chemical Company, Solvay and Tanfac Industries.