Butyric Acid Market worth $492 million by 2027
The report "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", 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. Increasing demand from animal feed segment is one of the key drivers for growth in the butyric acid market. Factors such as growing demand for renewable butyric acid in the food & flavor and pharmaceutical sector will provide opportunity for the market.
Browse 184 market data Tables and 44 Figures spread through 162 Pages and in-depth TOC on "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"
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By type, the synthetic butyric acid segment accounted for the largest market share in 2021, in terms of value.
Butyric acid is generally manufactured chemically at the industrial level, due to lower manufacturing cost and the accessibility of the raw materials. This is expected to drive the growth of synthetic butyric acid segment.
By end-use, the animal feed segment accounted for the largest market share in 2021, in terms of value.
The main ways in which butyric acid benefit livestocks intestinal health, welfare, and growth performance include lowering pathogenic microorganisms and preserving the gastrointestinal tracts (GIT) pH. Hence, such factors will increase the demand for butyric acid in animal feed.
The Asia Pacific butyric acid market has the largest market share in 2021, in terms of value.
The Asia Pacific butyric acid market has the largest market share in 2021 in terms of value. The markets growth can be attributed to the growth in population, rise in disposable incomes, rapid urbanization in the Asia Pacific region, and an increase in demand for high-quality meat products.
Some of the key players in this market are 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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