Butyric Acid Derivatives Market – Global Industry Analysis And Forecast (2023-2029)

Butyric Acid Derivatives Market was valued at USD 383.47 Mn . in 2022, and it is expected to reach USD 1020.06 Mn. by 2029 with a CAGR of 15% during the forecast period.
Butyric Acid Derivatives Market Overview:
These compounds provide many advantages, including improved digestion, improved metabolism, and protection from dangerous microorganisms. They also help agricultural animals' colons stay healthy. Sodium butyrate, calcium butyrate, potassium butyrate, magnesium butyrate, and esterified tributyrin are among the salts and esters available on the market.To know about the Research Methodology:- Request Free Sample Report

Butyric acid derivatives such as sodium and calcium butyrate, on the other hand, are widely consumed around the world. To minimize the pungent odor and corrosiveness of butyric acid, it is critical to convert it into a butyric acid derivative. As a result, the majority of butyric acid is produced in the salt form or converted to salt form.
Butyric Acid Derivatives Market Dynamics:
The market, including its applications, has shown rapid growth in recent years, and this trend is expected to continue during the forecast period. The growing demand for animal feed, particularly for swine and poultry, is driving the growth of the market. Also, demand for renewable butyric acid is increasing in the food and taste and pharmaceutical industries. Meat demand has increased over the world as a result of the rising population and changing living conditions, as well as a rise in customers' disposable cash. Market demand is likely to be driven as a result of this circumstance.

The market demand is likely to be driven by a shift in meat-eating habits in western regions from antelope meat and beef to pork and poultry. Aside from that, therapeutic use of butyric acid derivatives to improve antigen-explicit T cell inactivation is expected to drive market growth over the forecast period. Also, the critical requirement to reduce the strong odor of meat may drive the growth of the market around the world. One of the major factors driving the market sales from plasticizer applications is the growing demand for beautiful packing items. Also, the growing working population, particularly among women, has driven market demand.

Also, because butyric acid is consumed as a solvent, rising infrastructure activities and supportive government regulations have driven market demand for paints and coatings. The market is expected to grow at a CAGR of 12.50% through 2029, owing to rapid industrialization, developing food and beverage sectors, and a rising need for flavoring additives. Cosmetic application is seeing positive growth in the market thanks to rising individual expenditure on personal care items. By the end of 2029, the cosmetic application sector is expected to be worth more than US $17.50 million. Because of the demand for ready-to-eat and packaged food, the market from the plasticizer application is expected to grow at a CAGR of over 11.10% by the end of 2029.

Butyric acid is used as a raw ingredient in the manufacture of cellulose acetate butyrate (CAB). Also, thanks to the rising demand for premium and fashionable goods, the leather tanning application is expected to grow at a CAGR of 9.50% in the market. In addition, the animal feed business in Europe and North America is using fewer antibiotics, resulting in increased demand for butyric acid. Antibiotics and antibiotic growth promoters have also been employed in the animal husbandry business for many years. However, industrialized nations such as Europe and North America have begun to feel the effects of antibiotic abuse. Antibiotics and AGPs have also been banned for farm usage in Europe.
Butyric Acid Derivatives Market Segment Analysis:
Based on Animal Feed, the Butyric Acid Derivatives market is segmented as, Swine, Poultry, and Others (Duck, Pigeon, Turkey, and Fish). Swine is forecast to have the largest market share in the global market by 2029. Butyric acid derivatives are mostly used in the swine industry in Asia-Pacific and Europe. White meat demand, such as hog and chicken, is increasing rapidly, particularly in Asia-Pacific. People in the rest of the world, outside of Asia-Pacific, choose to eat more poultry products because they are a very high source of protein, indicating how large a market for animal meat products is conceivable.
Regional Insights:
By 2029, Asia-Pacific is likely to have a large market share in the market, owing to the region's massive meat production. Apart from that, the subcontinent's massive presence of big feedstock and numerous butyric acid derivatives processors is likely to drive the market forward. In terms of product consumption, the European market is expected to overtake the Asia-Pacific market. Because the subcontinent is the largest producer of pork, it will contribute financially to the entire market size.

In the region, butyric acid derivatives are widely employed in meat production. Because of its widespread use in animal feed, China is a major user of butyric acid derivatives. China alone accounted for more than a third of the market in terms of volume in 2021. The country is also a major producer of butyric acid derivatives. The butyric acid derivatives market in the Asia Pacific is likely to be driven by the availability of substantial feedstock and the presence of several butyric acid derivative processors in the region.

The objective of the report is to present a comprehensive analysis of the market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global market dynamics, structure by analyzing the market segments and projecting the global market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global market makes the report investor's guide.
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Butyric Acid Derivatives Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
USD 383.47 Mn.


Forecast Period 2023 to 2029 CAGR:
15%
Market Size in 2029:
USD 1020.06 Mn.


 Segments Covered:
by Animal Feed
Swine
Poultry
Others
Ducks
Pigeon
Turkey
Fish


by Product
Calcium Butyrate
Sodium Butyrate
Potassium Butyrate
Magnesium Butyrate



by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Butyric Acid Derivatives Market Key Players:
1. Perstorp Holdings AB
2. Innovad
3. Nutreco N.V.
4. Alfa Aesar
5. Eastman Chemical Company
6. Kemin Industries Inc.
7. Bioscreen Technologies S.R.L
8. Palital GmbH & Co.
9. Shanghai Kayi Chemical Co. Ltd.
10. SNOWCO
11. Thermo Fisher Scientific
12. Tokyo Chemical Industry Co. Ltd.
13. Norel Animal Nutrition
14. Sanluc International
15. Jainex Speciality Chemicals
16. Others

Frequently Asked Questions:

1. Which region has the largest share in Global Butyric Acid Derivatives Market?
Ans: Asia Pacific region held the highest share in 2022.

2. What is the growth rate of Global Butyric Acid Derivatives Market?
Ans: The Global Butyric Acid Derivatives Market is expected to grow at a CAGR of 15% during forecasting period 2023-2029.

3. What is scope of the Global Butyric Acid Derivatives market report?
Ans: Global Butyric Acid Derivatives Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global Butyric Acid Derivatives market?
Ans: The important key players in the Global Butyric Acid Derivatives Market are – Perstorp Holdings AB, Innovad, Nutreco N.V., Alfa Aesar, Eastman Chemical Company, Kemin Industries Inc., Bioscreen Technologies S.R.L, Palital GmbH & Co.

5. What is the study period of this market?
Ans: The Global Butyric Acid Derivatives Market is studied from 2022 to 2029.