Butyric Acid Market by Type, Application and Region - Global Market Size Estimation, Industry-Wide Analysis, Competitive Landscape Assessment & Long-Term Forecast to 2030
Overview
Butyric Acid Market was valued at USD 400.02 Mn in 2023 and expected to reach USD 1123.76 Mn by 2030, at a CAGR of 15.9% during the forecast period.
The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
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Butyric acid is an organic compound and one of the carboxylic acids which is largely obtained from propylene by employing various processes, for example, Oxo-synthesis. Butyric acid is a volatile fatty acid that can be used as a flavoring agent. It has a fruity or cheesy flavor and is mainly found in dairy products.
Salts and esters of butyric acid are known as butyrates or butanoates. Butyric acid is found in animal fat and plant oils, bovine milk, breast milk, butter, parmesan cheese, and as a product of anaerobic fermentation (including in the colon and as body odor).
The global butyric acid market is witnessing growth owing to the increasing demand from its applications, such as animal feed, chemical intermediate, food & Flavors, pharmaceuticals, perfumes, and others.
Butyric acid is considered the most efficient energy source for intestinal cells, causing it to become a major raw material for animal feeds, especially for poultry and swine.
The animal feed segment is projected to be the fastest-growing end-user application of the butyric acid market during the forecast period. The second biggest application segment is the chemicals intermediate segment.
The synthetic butyric acid segment is the most popular type in the butyric acid market. In poultry and swine, reduced usage of antibiotics in animal feed and a preference for synthetic butyric acid in food & flavor and pharmaceutical sectors.
The major driver in the market is rising demand from various end-user industries and a ban on the consumption of antibiotics in animal feed in some countries.
The Asia Pacific is the largest and fastest growing market. India and China are the two major countries for market growth. Due to the rising demand for meat, and food & flavours, increasing concerns for animal care.
The future growth of the industry would be increased by the investments in animal feed and chemical industry in Asia-Pacific and North America.
The key companies profiled in the Global Butyric Acid Market Report are Oxea Gmbh, Eastman Chemical Company, Perstorp Holding Ab, Blue Marble Biomaterials, Tokyo Chemical Industry Co., Ltd. and Beijing Huamaoyuan Fragrance Flavor Co., Ltd.
The report covers the total market for Butyric Acid has been analyzed based on the Porter's five forces model. The impact of the different market factors, such as drivers, restraints, and opportunities, challenges key issues SWOT analysis, and technology forecasting is also illustrated in the report. This gives an idea about the key drivers, such as high growth and demand in emerging economies countries.
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| Global Butyric Acid Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2023 | Forecast Period: | 2024-2030 |
| Historical Data: | 2018 to 2023 | Market Size in 2023: | USD 400.02 Mn. |
| Forecast Period 2024 to 2030 CAGR: | 15.9% | Market Size in 2030: | USD 1123.76 Mn. |
| Segments Covered: | by Type | Synthetic Butyric Acid Renewable Butyric Acid |
|
| by Application | Animal Feed Chemicals Intermediate Food & Flavors Pharmaceuticals Perfumes Others |
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Butyric Acid Market, 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 Market, Key Players
The competitive landscape of the butyric acid market is characterized by rapid growth and diversification driven by rising demand across multiple sectors including animal feed, pharmaceuticals & food additives. Emerging Players such as Tokyo Chemical Industry Ltd, Eastman Chemical Company, Perstorp Holding Ab and Hefei TNJ Chemical Industry Ltd. leverage their extensive product portfolios & research capabilities to innovate and capture market share. Sustainability is significant focus with companies developing biobased and renewable butyric acid through advanced fermentation processes. This aligns with consumer preferences for natural ingredients & regulatory pressures favoring sustainable practices. The sector is witnessing increased application diversification, from gut health supplements to chemical intermediates. Innovations like Gastrivix Avi, which combines butyric & valeric acid for animal nutrition exemplify the push for product enhancement.
1. Oxea Gmbh
2. Eastman Chemical Company
3. Perstorp Holding Ab
4. Blue Marble Biomaterials
5. Tokyo Chemical Industry Co., Ltd.
6. Beijing Huamaoyuan Fragrance Flavor Co., Ltd.
7. Zhonglan Industry Co.,Ltd.,
8. Weifang Qiyi Chemical Co., Ltd.,
9. ELiE Health Solutions,
10.Kemin Industries, Inc,
11.OXEA GmbH,
12.Advanced Biotech,
13.Hefei TNJ Chemical Industry Co.,Ltd.,
14.Vigon International,
15.Green Biologics Limited,
Frequently Asked Questions:
1. Which region has the largest share in Global Butyric Acid Market?
Ans: Asia Pacific region held the highest share in 2023.
2. What is the growth rate of Global Butyric Acid Market?
Ans: The Global Butyric Acid Market is growing at a CAGR of 15.9 % during forecasting period 2024-2030.
3. What is scope of the Global Butyric Acid market report?
Ans: Global Butyric Acid 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 market?
Ans: The important key players in the Global Butyric Acid Market are – Oxea Gmbh, Eastman Chemical Company, Perstorp Holding Ab, Blue Marble Biomaterials, Tokyo Chemical Industry Co., Ltd., Beijing Huamaoyuan Fragrance Flavor Co., Ltd., Zhonglan Industry Co.,Ltd.,, Weifang Qiyi Chemical Co., Ltd.,, ELiE Health Solutions,, Kemin Industries, Inc,, OXEA GmbH,, Advanced Biotech,, Hefei TNJ Chemical Industry Co.,Ltd.,, Vigon International,, Green Biologics Limited.
5. What is the study period of this market?
Ans: The Global Butyric Acid Market is studied from 2023 to 2030.