The latest market report published by Credence Research, Inc. “Global Butyric Acid Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The global butyric acid market is anticipated to grow at a substantial CAGR of 9.5% in the upcoming years. The global butyric acid industry was estimated to be worth USD 301.5 million in 2022 and was expected to be worth USD 569.1 million by 2030.
The butyric acid market refers to the global market for the organic compound known as butyric acid. Butyric acid, also known as butanoic acid, is a carboxylic acid with the chemical formula C₄H₈O₂. It is a colorless liquid with a pungent odor and is commonly found in various natural sources, including animal fats and plant oils. The animal feed segment is expected to hold a prominent share of the global butyric acid market during the forecast period. Animals have been shown to benefit from butyric acid in their mucosal tissues’ immune response and have anti-inflammatory properties. The effect it has on gene expression and protein synthesis has also been shown to influence mucosal cell proliferation, maturation, and differentiation. Such characteristics have increased animal feed demand.
The global Butyric Acid Market is bifurcated into Type, End-Use and Geography. Based on Product the market is categorized into Synthetic, Renewable & Others. Based on End- Use the market is categorized into Animal Feed, Chemical Intermediates, Food & Flavors, Pharmaceuticals, Human Dietary Supplements & Others. Based on geography, the market is categorized as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The Butyric Acid Market major players analysis is an essential aspect of the global market, as it helps to provide insights into the key players dominating the industry. With increasing demand for butyric acid in various industries such as food and beverage, animal feed, pharmaceuticals, and chemical manufacturing, there has been fierce competition among manufacturers to gain a larger share of the market. The major players in this industry include Eastman Chemical Company, Oxea GmbH, Perstorp Holding AB, Blue Marble Biomaterials LLC., Tokyo Chemical Industry Co., Ltd., and others. These companies are focusing on expanding their product portfolio by introducing new products or acquiring smaller companies with complementary offerings. They are also investing heavily in research and development activities to improve their production processes while reducing costs.
The butyric acid market is influenced by several dynamics that shape its growth, demand, and trends. Some key dynamics in the market include:
- Increasing Demand in Food and Flavor Industry: Butyric acid is widely used as a flavoring agent in the food industry, particularly in dairy products, confectionery, and baked goods. The growing demand for processed and convenience foods drives the need for butyric acid, as it imparts a characteristic buttery flavor and enhances the taste of various food products.
- Growing Animal Feed Industry: Butyric acid is also used as a feed additive in the animal nutrition industry. It aids in improving gut health, promoting digestion, and enhancing nutrient absorption in animals. With the increasing demand for high-quality animal feed and the focus on animal health and productivity, the demand for butyric acid in the animal feed industry is expected to grow.
- Surging Demand in Pharmaceutical and Healthcare Sectors: Butyric acid is utilized in the pharmaceutical and healthcare sectors for its potential health benefits. It is used in the formulation of various drugs, including anti-inflammatory agents, analgesics, and anti-cancer drugs. Additionally, butyric acid derivatives are being studied for their therapeutic applications in treating gastrointestinal disorders, cancer, and metabolic diseases.
- Growth in Industrial Applications: Butyric acid finds application in various industrial sectors, such as chemicals, plastics, textiles, and perfumes. It is used as a precursor for the production of esters, which are widely used in the manufacturing of fragrances, solvents, and plasticizers. The expanding industrial sectors contribute to the demand for butyric acid.
- Shift towards Sustainable and Bio-based Chemicals: The growing awareness of environmental concerns and the shift towards sustainable and bio-based chemicals drive the demand for butyric acid derived from renewable sources. Manufacturers are focusing on developing bio-based butyric acid using fermentation processes from renewable feedstocks, reducing dependence on fossil fuels and minimizing the environmental impact.
- Regulatory Environment and Standards: Regulatory frameworks and standards related to food safety, animal nutrition, and pharmaceuticals impact the butyric acid market. Compliance with regulations and standards related to product quality, safety, and labeling is essential for market players to ensure consumer confidence and market access.
- Price Volatility of Raw Materials: The price and availability of raw materials used in the production of butyric acid, such as crude oil and biomass feedstocks, can impact market dynamics. Fluctuations in raw material prices and availability can influence the production cost of butyric acid and affect its market competitiveness.
- Research and Development: Ongoing research and development activities contribute to the growth and innovation in the butyric acid market. Manufacturers and researchers are exploring new production methods, improving process efficiency, and discovering novel applications for butyric acid, which can drive market expansion and open new opportunities.
- Competitive Landscape and Market Consolidation: The butyric acid market is competitive, with several global and regional players operating in the industry. Market competitiveness drives innovation, product development, and strategic partnerships, leading to market consolidation and expanding market reach.
Why to Buy This Report-
- The report provides a qualitative as well as quantitative analysis of the Butyric Acid Market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, the base year- 2021, and the projection period 2022-2028.
- The report includes information on the competitive landscape, such as how the market’s top competitors operate at the global, regional, and country levels.
- In-depth analysis of the global market segmentation on the basis of Type and End-Use
- Major nations in each region with their import/export statistics
- The Butyric Acid Market report also includes the analysis of the market at a global, regional, and country-level along with key market trends, major players analysis, market growth strategies, and key application areas.
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