Publication Month: Jan 2023 | Report Code: TIPRE00029789 | No. of Pages: 154 | Category: Chemicals and Materials | Status: Published
Butyric acid is a colorless carboxylic acid formed by the bacterial fermentation of carbohydrates and dietary fibers. It can be produced from various types of renewable biomass, including corn husk, brown algae, wheat straw, sugarcane bagasse, and sorghum stalk. Natural butyric acid has gained significant attention because of consumer demand for food, pharmaceuticals, animal feed supplements, and cosmetics with green and natural ingredients. The growing population and increasing per capita income globally are the major factors that are boosting the demand for flavored foods. Low-molecular-weight esters of natural butyric acid such as methyl butyrate have mostly pleasant aromas or tastes; hence, they are mainly used as food and perfume additives. Also, natural butyric acid-based flavors and fragrances have various applications in the dairy and beverage industries. Thus, the growing consumption of food and dairy products worldwide is driving the natural butyric acid market growth.
The demand for specialty chemicals is rising across industries such as food, chemical, and flavors, wherein they are used to formulate or manufacture another product. There are various applications of specialty chemicals such as natural butyric acid used in food flavors, as additives for increasing fruit fragrance, and as an aromatic compound in perfumes. Furthermore, the growing demand for plant-based food & beverage products, and the increasing popularity of clean-label and ethical food products would continue to boost the natural butyric acid market growth over the coming years.
|Market Size Value in||US$ 224.88 Million in 2022|
|Market Size Value by||US$ 326.5 Million by 2028|
|Growth rate||CAGR of 6.4% from 2022 to 2028|
|No. of Pages||154|
|No. of Tables||59|
|No. of Charts & Figures||96|
|Historical data available||Yes|
|Free Sample Copy Available|
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Natural butyric acid has many applications in the pharmaceuticals industry. This short-chain fatty acid plays a key role in improving digestive health, managing weight, and preventing cancer. The compound is well known for its anti-cancer properties as it induces morphological and biochemical differentiation in various cells; it has also been studied for its colon cancer-suppressing abilities. Several research institutes are engaged in the development of prodrugs containing butyric acid, which can be used as a potential treatment of cancers and leukemia, and side effects of alopecia caused by chemotherapy. Thus, with growing health concerns among consumers and increasing focus on healthy living, the demand for natural products is growing at a significant pace.
Natural butyric acid is widely used in fragrances due to its pungent smell. Butyric acids are also used to produce esters such as butyl butyrate and ethyl butyrate, which are used as solvents and fragrances in perfumes. An elevation in the standard of living, and a transformed lifestyle of Gen Z and millennials have been triggering the use of luxury products, including perfumes, which eventually bolsters the natural butyric acid market.
Based on application, the global natural butyric acid market is segmented into dietary supplements, animal feed, flavors & fragrances, chemical intermediates, pharmaceuticals, and others. In 2021, the pharmaceutical segment dominated the market. The growing population and increasing per capita income globally are the major factors that are boosting the demand for flavored foods. Natural butyric acid is a widely used flavoring agent in food and beverages, as it has a fruity and cheesy flavor. Various prodrugs that are derivatives of natural butyric acid are used in the treatment of hemoglobinopathies, including leukemia and sickle cell anemia (SCA). Also, the application of natural butyric acid in radio- and chemotherapy-induced alopecia for protecting hair follicles is gaining traction. These factors are expected to drive segment growth during the forecast period.
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Merck KGaA, Vigon International LLC, Kunshan Odowell Co Ltd, Aurochemicals LLC, Biosynth AG, Elan Chemical Co, Ernesto Ventos SA, Phoenix Aromas & Essential Oils LLC, Berje Inc, and Eastman Chemical Co are among the key players operating in the natural butyric acid market. The leading players adopt strategies such as mergers and acquisitions, and product launches to expand their geographic presence and consumer base.
The "Natural Butyric Acid Market Analysis to 2028" is a specialized and in-depth study of the chemicals & materials industry, focusing on market trend analysis. The report aims to provide an overview of the market with detailed segmentation. The natural butyric acid market is segmented on the basis of application and geography. Based on application, the market is segmented into pharmaceutical & dietary supplement, animal feed, flavor and fragrances, chemical intermediates, pharmaceuticals, and others. Based on geography, the natural butyric acid market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. In 2021, Asia Pacific dominated the market. The food & beverage industry in Asia Pacific is growing at a rapid pace. It is the most populated region in the world, and the region hosts one of the world's most rapidly developing consumer markets. These factors contribute to a high demand for natural butyric acid in this region. Further, North America is expected to register the highest CAGR in the natural butyric acid market during the forecast period.