Butyric Acid Market

Butyric Acid Market by Type (Synthetic, Renewable), End-use (Animal Feed, Chemical Intermediates, Pharmaceuticals, Food & Flavors, Human Dietary Supplements), and Region (Asia Pacific, North America, Europe, Rest of the World) - Global Forecast to 2027

Report Code: CH 3662 Sep, 2022, by marketsandmarkets.com

[200 Pages Report] MarketsandMarkets: The butyric acid market is projected to grow from USD 317 million in 2022 to USD 492 million by 2027, at a CAGR of 9.2% from 2022 to 2027. The Asia Pacific region is one of the largest consumers of butyric acid, with China leading the regional market.

Attractive Opportunities in the Butyric Acid Market

Butyric Acid Market

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Butyric Acid Market Dynamics

Drivers: High demand from animal feed end-use

Butyric acid is used as a raw material in animal feed, especially for poultry and swine. It stands out among the short-chain fatty acids for its unique qualities. Butyric acid also stimulates the release of enzymes and stabilizes the microbiota, which improves the efficiency of nutrient digestion and colonization resistance. As a result, growth performance has improved, particularly in less-than-optimal circumstances. Because of this, butyric acid is a widely used feed addition for young animals all over the world.

Opportunity: Stringent regulations in use of antibiotics in animal feed

New regulations by the US Food and Drug Administration (FDA), which took effect on January 1, 2017, banned the addition of antibiotics to feed to promote the growth of livestock and poultry. Also, as the European Union banned the use of antibiotics in 2006, it was necessary to explore alternatives. Hence, such stringent regulations are expected to provide opportunities for butyric acid as an alternative for antibiotics in animal feed.

Based on type, the synthetic segment is expected to lead the butyric acid market in terms of volume from 2022 to 2027.

At the industrial level, butyric acid is mostly created chemically. This involves the oxidation of butyraldehyde, which is produced via oxo synthesis from propylene supplied from crude oil. This is generally preferred because it has low cost of production and raw materials are easily accessible.

Based on the end-use, the animal feed segment is expected to lead the butyric acid market in terms of volume from 2022 to 2027.

Butyric acid is known to play a role in the mucosal immune response and to have anti-inflammatory properties in animals. Given that it can affect gene expression and protein synthesis, it is also known to directly affect the proliferation, maturation, and differentiation of mucosal cells. Such characteristics increase in demand for animal feed.

Butyric Acid Market by Region

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The Asia Pacific butyric acid market is expected to lead during the forecast period in terms of volume. This growth is expected due to changes in dietary patterns have led to an increase in meat consumption in the region, which has led to the industrialization of meat production. This further increases the need for renewable based feed.

Key Market Players

Perstorp Holding AB (Sweden), OQ Chemicals GmbH (Germany), Eastman Chemical Company (US), Palital Feed Additives B.V. (The Netherlands), Tokyo Chemical Industry Co., Ltd. (Japan), Snowco (China), Merck KGaA (Germany), Kemin Industries, Inc. (US), Hefei TNJ Chemical Industry Co., Ltd. (China), Kunshan Odowell Co., Ltd. (China), Yufeng International Group Co., Ltd. (China), Central Drug House (India), Spectrum Chemical (US). These companies have adopted product launches, acquisitions, partnerships, expansions, and merger & acquisition as growth strategies to enhance their position in the butyric acid market.

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Scope of the Report

:

Report Metric

Details

Base Year Considered

2021

Forecast Period

2022–2027

Forecast Units

Value (USD) and Volume (Kiloton)

Segments Covered

Type, End-use, and Region

Geographies Covered

Asia Pacific, North America, Europe, Rest of the World

Companies Covered

Perstorp Holding AB (Sweden), OQ Chemicals GmbH (Germany), Eastman Chemical Company (US), Palital Feed Additives B.V. (The Netherlands), Tokyo Chemical Industry Co., Ltd. (Japan), Snowco (China), Merck KGaA (Germany), Kemin Industries, Inc. (US), Hefei TNJ Chemical Industry Co., Ltd. (China), Kunshan Odowell Co., Ltd. (China), Yufeng International Group Co., Ltd. (China), Central Drug House (India), Spectrum Chemical (US), other players.

This research report categorizes the butyric acid market based on type, end-use, and region.

Based on Type, the butyric acid market has been segmented as follows:

Based on End-use , the butyric acid market has been segmented as follows:

  • Animal Feed
  • Chemical Intermediates
  • Food & Flavors
  • Pharmaceuticals
  • Human Dietary Supplements
  • Others

Based on Region, the butyric acid market has been segmented as follows:

  • Asia Pacific
  • North America
  • Europe
  • Rest of the World

Recent Developments

  • In April 2021, Eastman Chemical Company acquired 3F Feed & Food, a European pioneer in the technological and commercial advancement of additives for animal feed and human food.
  • In July 2020, Kemin Industries has acquired a US patent application to manage African Swine Fever Virus (ASFv) in feed and feed ingredients employing Sal CURB Liquid Antimicrobial, a global disease control product produced by Kemin Industries.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION  
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 MARKET SCOPE
           1.3.1 YEARS CONSIDERED IN THE REPORT
           1.3.2 CURRENCY
    1.4 LIMITATIONS
    1.5 STAKEHOLDERS
    1.6 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY  
    2.1 RESEARCH DATA
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Breakdown of primary interviews
    2.2 MARKET SIZING AND FORECASTING
           2.2.1 TOP-DOWN APPROACH
           2.2.2 BOTTOM-UP APPROACH
           2.2.3 MARKET CRACKDOWN AND DATA TRIANGULATION
    2.3 MARKET SHARE ESTIMATION
    2.4 ASSUMPTIONS

3 EXECUTIVE SUMMARY  

4 PREMIUM INSIGHTS  

5 MARKET OVERVIEW  
    5.1 INTRODUCTION
           5.1.1 MARKET DYNAMICS
           5.1.2 DRIVERS
           5.1.3 RESTRAINTS
           5.1.4 OPPORTUNITIES
           5.1.5 CHALLENGES

6 INDUSTRY TRENDS  
    6.1 VALUE CHAIN ANALYSIS
    6.2 ECOSYSTEM
    6.3 PORTER’S FIVE FORCES MODEL
    6.4 PRICING ANALYSIS
           6.4.1 AVERAGE SELLING PRICE TREND
           6.4.2 AVERAGE SELLING PRICE OF KEY PLAYERS
    6.5 TARIFF AND REGULATORY LANDSCAPE
    6.6 PATENT ANALYSIS
    6.7 CASE STUDY ANALYSIS
    6.8 TECHNOLOGY ANALYSIS
    6.9 TRADE DATA
    6.10  KEY STAKEHOLDERS & BUYING CRITERIA
           6.10.1 KEY STAKEHOLDERS IN BUYING PROCESS
           6.10.2 BUYING CRITERIA

7 BUTYRIC ACID MARKET, BY TYPE  
    7.1 INTRODUCTION
    7.2 SYNTHETIC
    7.3 RENEWABLE 

8 BUTYRIC ACID MARKET, BY END USE  
    8.1 INTRODUCTION
    8.2 ANIMAL FEED
    8.3 CHEMICAL INTERMEDIATE
    8.4 FOOD & FLAVORS
    8.5 PHARMACEUTICAL
    8.6 HUMAN DIETARY SUPPLEMENTS
    8.7 OTHERS

9 BUTYRIC ACID MARKET, BY REGION  
    9.1 INTRODUCTION
    9.2 ASIA-PACIFIC
           9.2.1 CHINA
           9.2.2 INDIA
           9.2.3 OTHERS
    9.3 EUROPE
           9.3.1 GERMANY
           9.3.2 FRANCE
           9.3.3 ITALY
           9.3.4 OTHERS
    9.4 NORTH AMERICA
           9.4.1 US
           9.4.2 OTHERS
    9.5 REST OF WORLD
           9.5.1 MIDDLE EAST AND AFRICA
           9.5.2 SOUTH AMERICA

10 COMPETITIVE LANDSCAPE  
     10.1 INTRODUCTION
     10.2 KEY PLAYERS STRATEGIES
     10.3 REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS  
     10.4 MARKET SHARE ANALYSIS 
     10.5 COMPANY EVALUATION QUADRANT, 2021
             10.5.1 STARS
             10.5.2 EMERGING LEADERS
             10.5.3 PERVASIVE PLAYERS
             10.5.4 PARTICIPANTS
     10.6 STARTUP/SME EVALUATION MATRIX , 2021
             10.6.1 PROGRESSIVE COMPANIES
             10.6.2 DYNAMIC COMPANIES
             10.6.3 RESPONSIVE COMPANIES
             10.6.4 STARTING BLOCKS
     10.7 COMPETITIVE BENCHMARKING
     10.8 COMPETITIVE SCENARIO

11 COMPANY PROFILES  
(Business Overview, Products Portfolio, Recent Developments, MnM View)*
     11.1 Perstorp
             11.1.1 Business Overview
             11.1.2 Products & Services
             11.1.3 Recent Developments
             11.1.4 MnM View
     11.2 Eastman Chemical Company
     11.3 Tokyo Chemical Industry Co., Ltd.
     11.4 Snowco
     11.5 OQ Chemicals GmbH
     11.6 Merck KGaA
     11.7 Kemin Industries, Inc.
     11.8 Palital Feed Additives B.V.
     11.9 Hefei TNJ Chemical Industry Co.,Ltd.
     11.10 Kunshan Odowell Co., Ltd.
     11.11 Yufeng International Group Co., Ltd.
     11.12 Central Drug House
     11.13 Spectrum Chemical
     11.14 RX Chemicals
     11.15 Sisco Research Laboratories Pvt. Ltd.

12 APPENDIX  
     12.1 INSIGHTS OF INDUSTRY EXPERTS 
     12.2 DISCUSSION GUIDE 
     12.3 RELEATED REPORT 
     12.4 AUTHOR DETAILS

Note: e-Estimated, f-Forecasted
*Details on Business Overview, Product Offerings, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies

The study involved four major activities in estimating the current size of the butyric acid market. Exhaustive secondary research was done to collect information on the butyric acid market, its peer markets, and its parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across the butyric acid value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments of the butyric acid market.

Secondary Research

As a part of the secondary research process, various secondary sources, such as Hoovers, Bloomberg, BusinessWeek, and Dun & Bradstreet, were referred for identifying and collecting information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, and articles by recognized authors, authenticated directories, and databases.

Secondary research was mainly conducted to obtain essential information about the supply chain of the industry, the monetary chain of the market, total pool of players, and market classification and segmentation according to industry trends to the bottom-most level, regional markets, and key developments undertaken from both the market and technology-oriented perspectives.

Primary Research

The butyric acid market comprises several stakeholders, such as butyric acid manufacturers, manufacturers in end-use industries, traders, distributors, and suppliers of butyric acids, regional manufacturer associations and butyric acid associations, and government and regional agencies, in the supply chain.

As part of the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report on the butyric acid market. Primary sources from the supply side included industry experts such as Chief Executive Officers (CEOs), vice presidents, marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the butyric acid market. Primary sources from the demand side included directors, marketing heads, and purchase managers from multiple end-use industries.

Following is the breakdown of the primary respondents.

Butyric Acid Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the butyric acid market. These methods were also used extensively to estimate the size of various segments and subsegments of the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value and volume, were determined through primary and secondary research processes.
  • All percentage shares split, and breakdowns were determined using secondary sources and verified through primary sources.

Global Butyric Acid Market Size: Bottom-Up Approach

Butyric Acid Market Size, and Share

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Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides. In addition to this, the market size was validated using both top-down and bottom-up approaches.

Report Objectives

  • To define, describe, and forecast the butyric acid market, in terms of value and volume
  • To provide detailed information regarding the crucial factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To forecast the market size of butyric acids by type, end-use, and region
  • To forecast the size of the market with respect to four main regions, namely, North America, Europe, Asia Pacific, Rest of the World
  • To strategically analyze micro markets with respect to individual growth trends, prospects, and their contribution to the total market
  • To analyze opportunities in the market for stakeholders and provide a competitive landscape for the market leaders
  • To analyze competitive developments, such as new product launches, mergers & acquisitions, partnerships, and expansions in the butyric acid market
  • To strategically profile key players and comprehensively analyze their market shares and core competencies

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to a company’s specific needs.

The following customization options are available for the report:

Regional Analysis

  • Further breakdown of the North America, Europe, and Asia Pacific butyric acid markets

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company
Butyric Acid Market Size,  Share & Growth Report
Report Code
CH 3662
Published ON
Sep, 2022
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