Butyric Acid Market Size, Price, value, Trends & Forecast 2028

The butyric acid market was valued at US$ 183.48 million in 2021 and is projected to reach US$ 484.55 million by 2028; it is expected to grow at a CAGR of 14.9% from 2021 to 2028.

Butyric acid is a colorless liquid with a penetrating and unpleasant odor. The acid has various important applications in chemical, food, and pharmaceutical industries. The butyric acid has many applications in the pharmaceutical industry.

In 2020, Asia Pacific held the largest revenue share of the global market. The growing number of livestock farms in Asia Pacific is increasing the consumption of animal feed and subsequently proliferating the butyric acid market. The growth in livestock farms in the Asia Pacific region can be attributed to the increased demand for quality meat products due the improving per capita income and growing health consciousness among consumers in the Asia Pacific region.

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Butyric Acid Market: Strategic Insights

Butyric Acid Market

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  CAGR (2021 - 2028)

  14.9%
• Market Size 2021
  US$ 183.48 Million
• Market Size 2028
  US$ 484.55 Million

Market Dynamics

GROWTH DRIVERS

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FUTURE TRENDS

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OPPORTUNITIES

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Key Players

• Eastman Chemical Company
• OQ Chemicals GmbH
• Tokyo Chemical Industry Co Ltd
• Perstorp Holding AB
• Alfa Aesar
• MERCK KGaA
• Vigon International LLC
• Hefei TNJ Chemical Industry Co Ltd
• KUNSHAN ODOWELL CO LTD

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Source

• Renewable Butyric Acid and Synthetic Butyric Acid

Application

• Printing Inks
• Animal Feed
• Food Flavors and Food Fragrances
• Chemical Intermediates
• Pharmaceutical
• Others

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Impact of COVID-19 Pandemic on Butyric Acid Market

The COVID-19 pandemic has adversely affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. In 2020, various industries had to slow down their operations due to disruptions in value chains caused by the shutdown of national and international boundaries, which restricted the demand for butyric acid. The COVID-19 pandemic caused volatility in the prices of raw material required to produce butyric acid. The worldwide consumption of butyric acid declined due to low demand from various downstream sectors, such as food flavors, food fragrances, and chemical intermediates. The constraint availability of the raw materials and reduced demand from the downstream sectors due to COVID-19 pandemic have negatively impacted the growth of the butyric acid market. 

Market Insights

Increasing Demand from Animal Feed Sector

Butyric acid is known for its beneficial effects on gut health and development. For decades, it has been in use in the animal feed industry for ensuring improved gut health and animal performance. Further, butyric acid has become a first-choice antibiotic alternative for broiler, layer, turkey, and swine producers with the animal feed industry’s shift to reduce antibiotic usage.

In recent years, the livestock industry in various countries has expanded rapidly with the shift in diet preferences among consumers toward animal proteins. Population growth, income surge, elevating living standards, and urbanization have been the key factors propelling the demand for meat worldwide. The increasing demand for meat products highlights the need for animal feed and feed additives. The growing demand for animal feed products in different regions boosts the demand for butyric acid, thereby bolstering the butyric acid market growth.

Butyric acid is one of the most beneficial short-chain fatty acids that plays  a key role in uplifting digestive health, manages weight and prevents cancer. The strong growth in the pharmaceutical industry in different countries across the globe is leading to an increasing use of butyric acid for various applications. Furthermore, there is an increasing interest in using butyric acid as a precursor for producing biofuels. This is expected to offer lucrative opportunities for the growth of butyric acid market during the forecast period.

Source Insights

Based on source, the global butyric acid market has been segmented into renewable butyric acid and synthetic butyric acid. The synthetic butyric acid segment held a larger share in the global market in 2020. The synthetic butyric acid segment accounts for major share owing to its wide application for producing printing inks, disinfectants, flavors, medicines, perfumes, easters, and food additives among others.

Some of the players operating in the global butyric acid market includes, Eastman Chemical Company; OQ Chemicals GmbH; Tokyo Chemical Industry Co., Ltd.; Perstorp Holding AB; Alfa Aesar; MERCK KGaA; Vigon International, LLC.; Hefei TNJ Chemical Industry Co.,Ltd.; KUNSHAN ODOWELL CO.,LTD; and Yufeng International Co.,Ltd. Players operating in the butyric acid market focus on providing high quality products to fulfil the customer demand. These market players are highly focused towards the development of high quality and innovative services offerings to fulfil the customer’s requirements.

 

Butyric Acid Market Report Scope

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• Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

 

Report Spotlights

• Progressive industry trends in the butyric acid market to help players develop effective long-term strategies
• Business growth strategies adopted by developed and developing markets
• Quantitative analysis of the butyric acid market from 2019 to 2028
• Estimation of global demand for HR-PIB
• Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry
• Recent developments to understand the competitive market scenario
• Market trends and outlook as well as factors driving and restraining the growth of the butyric acid market
• Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
• The size of the butyric acid market size at various nodes
• Detailed overview and segmentation of the market, as well as the HR-PIB industry dynamics
• Size of the butyric acid market in various regions with promising growth opportunities

Global Butyric Acid Market

Source

• Renewable Butyric Acid
• Synthetic Butyric Acid

Application

• Printing Inks
• Animal Feed
• Food Flavors and Food Fragrances
• Chemical Intermediates
• Pharmaceutical
• Others

Company Profiles

• Eastman Chemical Company
• OQ Chemicals GmbH
• Tokyo Chemical Industry Co., Ltd.
• Perstorp Holding AB
• Alfa Aesar
• MERCK KGaA
• Vigon International, LLC.
• Hefei TNJ Chemical Industry Co.,Ltd.
• KUNSHAN ODOWELL CO.,LTD
• Yufeng International Co.,Ltd.