The Butyric Acid Market is expected to exhibit a CAGR of over 7% during the forecast period (2023-2028).
Butyric acid is a carboxylic acid that has an unpleasant odor, has a pungent taste, and is commonly found in the milk of farm animals. Butyric acid is made industrially by fermenting starch or sugar, with the addition of rotting cheese and calcium carbonate to neutralize acids formed in the process. Butyric acid is also made at a relatively low rate, yield, and concentration, as the traditional fermentation process is not yet economically viable. It is also made by chemical synthesis on an industrial scale which involves the oxidation of butyraldehyde. Although fermentation is relatively more expensive than the chemical synthesis of butyric acid, it has seen an increase in demand due to consumer demand for natural and organic products.
Butyric acid has gained popularity as an ingredient in animal feed. Butyric acid is the key raw material for various salts of butyrate and esters of glycerin, and butyrins. The salts are incorporated into food premixes as a fat-coated or uncoated administration to channel the active ingredient to target organs in the animal's intestine. For the livestock, poultry and aquaculture industries, butyric acid derivatives are (widely) used as a food additive. Butyric acid is a significant ingredient that helps animals to meet necessary health requirements. The right kind of feed is needed to provide nutritious ingredients for animals, which is why butyric acid is a beneficial ingredient for the animal feed industry. Butyric acid products help improve health, provide animals with proper nutrition and raise animals more efficiently. The increasing incidence of animal diseases has led to the increased use of butyric acid in animal feed in several regional markets. In Asia, per capita meat is still very low compared to developed regions like Europe and North America. However, due to rising incomes and urbanization, meat consumption will skyrocket in the region. The growing wealth of the relatively new middle class in most parts of Asia is driving unprecedented demand for animal products.
Growing demand for packaged food due to changing consumer trends is a factor in the growth of the butyric acid market. The increase in the number of meat eaters will increase the production of butyric acid in the end products that feed the market. Growing demand for the use of butyric acid from end users and stringent restrictions on the use of antibiotics in animal feed in some countries are expanding the growth rate of the market. The food and flavoring industries is offering various benefits for consumers by utilizing renewable butyric acid which is accelerating the demand of the market. Biofuels are one of the most promising sources to replace gasoline in the future, special attention has been paid to biobutanol, with its main use as an industrial solvent and at the same time offering certain advantages over ethanol in transport fuels. These factors have contributed significantly to the growing demand for butyric acid in biofuels. Food and beverage and pharmaceutical industries are promoting the use of butyric acid which is anticipated to fuel the demand of the market.
Fluctuations in raw materials and associated health risks are expected to hamper the growth of the market. Players such as fluctuation in raw materials and associated health risks and unpleasant smell of butyric acid are likely to act as market restraints.
The increasing implementation of butyric acid as a biofuel is expected to provide new market growth opportunities.
Challenges in the Butyric Acid Market:
The presence and availability of global brands and their challenges faced with strong or weak competition from local and national brands, the impact of sales channels is taken into account while providing a forecast analysis of country data.
REPORT METRIC |
DETAILS |
Market Size Available |
2022-2028 |
Base Year |
2022 |
Forecast Period |
2022- 2027 |
CAGR |
7% |
Segments Covered |
|
Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
Regions Covered |
|
Market Leaders Profiled |
Eastman Chemical Company (U.S.), OXEA GmbH (Germany), Perstorp Holding AB (Germany), Tokyo Chemical Industry Co. Ltd (Japan), Blue Marble Biomaterials (U.S.),Beijing, Huamaoyuan Fragrance Flavor Co., ltd., Inc. (China),Snowco industrial Co., Ltd. (China) |
By Product:
The Synthetic Butyric Acid segment is anticipated to hold the largest market share. Increasing the utilization of butyric acid in various industries to improve the quality of the products is enhancing the growth rate of the market. The low-cost fermentation process offered by butyric acid is escalating the growth rate of the market.
By Application:
The Animal Feed segment is expected to have the highest CAGR in the forecasted period.
The Butyric Acid Report includes the segmentation of Regions:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
The consumption of butyric acid for animals has increased significantly. Helps maintain animal gut health and growth performance, especially in young and vulnerable animals. According to the IQVIA Institute for Human Data Science, the Chinese pharmaceutical sector has shown the highest growth rates in previous years. The growth rate of pharmaceuticals in China is about 4% in 2019, and pharmaceuticals in Japan also grew by 4% in 2020. In addition, China is the second largest market for pharmaceuticals globally. The growing middle class and aging society in the country, increasing income, and increasing urbanization are promoting the growth rate of the butyric acid market. The country's pharmaceutical sales are expected to reach $ 175 billion by 2026. The country has a large and diverse domestic pharmaceutical industry, comprising around 5,000 manufacturers, many of which are small and medium-sized enterprises. The food and beverage industry in China is developing at a rapid pace. China represents nearly a quarter of the world's population and the country is home to one of the world's fastest-growing consumer markets, giving tremendous impetus to the food industry. The consumption of butyric acid for animals has increased significantly. Helps maintain gut health and animal growth, especially in young and vulnerable animals. Rapid urbanization and growing disposable income in urban areas are likely to bolster the demand of the market.
North America is expected to exceed $ 90 million by 2026 due to the increased use of butyric acid in the pharmaceutical industry as it helps reduce weight and cure cancer. Since then, butyric acid contains short-chain fatty acids which regulate the balance between fatty acid synthesis and fat breakdown. Therefore, the increased consumer focus on maintaining fitness and regulating body weight due to changes in lifestyle and eating habits has positively influenced the fortified butyric acid market revenue.
The COVID-19 pandemic propelled the demand for pharmaceutical products. As the number of patients increased tremendously in a very short time period, the demand to produce various medicines increased substantially. This enhanced the growth rate of the butyric acid market to an extent. It is expected that the market is to have excellent growth opportunities in the future as well.
Eastman Chemical Company (U.S.)
OXEA GmbH (Germany)
Perstorp Holding AB (Germany)
Tokyo Chemical Industry Co. Ltd (Japan)
Blue Marble Biomaterials (U.S.)
Beijing Huamaoyuan Fragrance Flavor Co., ltd., Inc. (China)
Snowco industrial Co., Ltd. (China)
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