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Butyric Acid Market Size & Share, By Product (Renewable, Synthetic), Application (Chemical Intermediates, Animal Feed, Pharmaceuticals, Perfumes, Food and Flavors), Derivatives (Sodium Butyrate, Calcium Butyrate, Others), Regional Forecast, Industry Players, Growth Statistics Report 2024-2032

Report ID: FBI 6578

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Published Date: Sep-2024

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Format : PDF, Excel

التوقعات السوقية:

Butyric Acid Market exceeded USD 391.55 million in 2023 and is predicted to cross USD 576.11 million by end of the year 2032, growing at over 4.4% CAGR between 2024 and 2032.

Base Year Value (2023)

USD 391.55 million

19-23 x.x %
24-32 x.x %

CAGR (2024-2032)

4.4%

19-23 x.x %
24-32 x.x %

Forecast Year Value (2032)

USD 576.11 million

19-23 x.x %
24-32 x.x %
Butyric Acid Market

Historical Data Period

2019-2023

Butyric Acid Market

Largest Region

Asia Pacific

Butyric Acid Market

Forecast Period

2024-2032

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سوق الديناميكية:

Growth Drivers & Opportunity:

One of the primary growth drivers for the butyric acid market is the increasing demand for digestive health products. Butyric acid is known for its beneficial effects on gut health and is often used in dietary supplements and functional foods aimed at improving digestion. With a rising awareness of the importance of gut health among consumers, the demand for butyric acid formulations is expected to grow significantly. This trend is further supported by the growing emphasis on preventive healthcare and the rising prevalence of gastrointestinal disorders, which drives both manufacturers and consumers to seek effective solutions that incorporate butyric acid.

Another major growth driver is the expanding application of butyric acid in the agricultural sector. Butyric acid is increasingly being used as a feed additive in livestock production to enhance nutrient absorption and improve overall animal health. This is particularly important as the global demand for meat and dairy products continues to rise, encouraging farmers and producers to adopt more efficient and health-oriented practices. The use of butyric acid can lead to improved growth rates and feed conversion ratios, making it a valuable addition in the pursuit of sustainable agricultural practices.

The rising trend of bioplastics is also contributing to the growth of the butyric acid market. As industries and consumers shift towards more sustainable and eco-friendly materials, butyric acid serves as a biobased platform chemical for producing biodegradable plastics. The green chemistry movement is gaining momentum, and the alignment of butyric acid production with sustainable practices is likely to enhance its market appeal. As demand for biodegradable and renewable materials increases, the butyric acid market can capitalize on this opportunity by providing solutions that meet this need.

Report Scope

Report CoverageDetails
Segments CoveredButyric Acid Product, Application, Derivatives
Regions Covered• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company ProfiledEastman Chemical Company, Blue Marble Biomaterials LLC, Oxea GmbH, Tokyo Chemical Industry Co. Ltd., Perstorp Holding AB, Snowco Industrial Co. Ltd., and Beijing Huamaoyuan Fragrance Flavor Co. Ltd.

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Industry Restraints:

Despite the positive growth drivers, the butyric acid market faces several restraints that could hinder its expansion. One significant challenge is the volatility in raw material prices. The production of butyric acid relies on various feedstock materials, and fluctuations in these prices due to supply chain disruptions or changes in agricultural yields can impact production costs. This unpredictability can deter potential investors and producers, affecting the overall market growth.

Another major restraint is the limited awareness and understanding of butyric acid among consumers. While its health benefits are increasingly recognized in the dietary and agricultural sectors, general consumer knowledge remains low. This lack of awareness can restrict market penetration and slow down the adoption of butyric acid-based products. Manufacturers may need to invest significantly in marketing efforts and educational campaigns to inform consumers about the advantages and potential uses of butyric acid, which can strain resources and delay market growth.

التوقعات الإقليمية:

Butyric Acid Market

Largest Region

Asia Pacific

44% Market Share in 2023

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North America

The butyric acid market in North America is primarily driven by the increasing demand from the food and beverage industry, as well as the growing applications in pharmaceuticals and animal feed. The United States holds the largest share of the market, attributed to its robust agricultural sector and the rising awareness about gut health, which is stimulating the demand for butyrate-based products. Canada is also contributing to the market growth, with an expanding focus on dairy products and healthy food formulations. However, regulatory challenges related to food additive approvals may pose restrictions on market expansion in the region.

Asia Pacific

In the Asia Pacific region, the butyric acid market is witnessing significant growth fueled by expanding consumer bases in countries like China, Japan, and South Korea. The increasing population and urbanization are leading to higher demand for processed food and dietary supplements, with butyric acid being recognized for its health benefits in digestive health. China is emerging as a major player, with a rapidly growing livestock industry that utilizes butyric acid as a feed additive to enhance animal growth and health. Japan and South Korea are also focusing on research and development to create innovative butyric acid applications, particularly in the healthcare and nutraceuticals sectors.

Europe

The European butyric acid market is characterized by a strong emphasis on health and wellness, driving demand in food, pharmaceuticals, and animal nutrition sectors. The United Kingdom, Germany, and France are leading markets within the region, with a growing trend towards organic and functional foods. The UK has seen a rising trend in dietary supplements containing butyric acid, while Germany's regulations on animal feed are propelling the use of butyrate in livestock nutrition. France is focusing on digestive health products, fostering demand for butyric acid in probiotic formulations. However, the market faces challenges such as stringent regulations and fluctuating raw material prices, which may affect production costs and pricing strategies.

Report Coverage & Deliverables

Historical Statistics Growth Forecasts Latest Trends & Innovations Market Segmentation Regional Opportunities Competitive Landscape
Butyric Acid Market
Butyric Acid Market

تحليل التجزئة:

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In terms of segmentation, the global Butyric Acid market is analyzed on the basis of Butyric Acid Product, Application, Derivatives.

Butyric Acid Market Segment Analysis

By Product

The Butyric Acid Market is segmented into renewable and synthetic products. The renewable segment is gaining traction due to the growing demand for sustainable and eco-friendly products. This segment primarily utilizes biological sources, appealing to environmentally conscious consumers and industries. On the other hand, the synthetic segment remains significant, driven by its cost-effectiveness and widespread availability. It caters to a variety of applications where consistency and scalability are essential. The balance between these products reflects a growing market trend towards sustainability alongside established synthetic production methods.

Application

In terms of application, the Butyric Acid Market is categorized into chemical intermediates, animal feed, pharmaceuticals, perfumes, and food and flavors. The animal feed segment holds a substantial share, as butyric acid is widely recognized for promoting gut health in livestock, thus enhancing growth and productivity. The chemical intermediates segment continues to be a major contributor as butyric acid is used in the production of various chemicals. The pharmaceuticals sector is also witnessing growth, particularly as butyric acid is studied for its potential health benefits. Perfumes and food and flavor applications, while smaller segments, are characterized by steady demand driven by the need for natural flavoring agents.

Derivatives

The market further diversifies into derivatives such as sodium butyrate, calcium butyrate, and others. Sodium butyrate is particularly valued in pharmaceuticals and food applications due to its therapeutic properties and potential health benefits. Calcium butyrate is gaining attention as a viable alternative in various applications, especially within the dietary supplement sector. The demand for these derivatives is closely linked to the broader trends in health and nutrition, reflecting a shift towards functional ingredients in food and wellness products. Collectively, these derivatives enhance the versatility and market appeal of butyric acid across multiple industries.

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مشهد تنافسي:

The competitive landscape in the Butyric Acid Market is characterized by a mix of established players and emerging companies focusing on innovative production technologies and sustainable practices. As the demand for butyric acid increases in various applications such as food and beverage, pharmaceuticals, and animal feed, companies are investing in capacity expansion and strategic partnerships to enhance their market presence. The market is also witnessing a trend towards bio-based production methods, as firms aim to reduce environmental impact and cater to the growing consumer preference for natural products. Key players are engaged in product differentiation and improving supply chain efficiencies to gain a competitive edge.

Top Market Players

1. BASF SE

2. Eastman Chemical Company

3. Moscow Chemical Plant

4. OXEA GmbH

5. Perstorp Holding AB

6. Zibo Runda Chemical Company

7. Hanhong Group

8. Celanese Corporation

9. Jiangshan Chemical Co., Ltd.

10. Shandong TongTai Chemical Co., Ltd.

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Butyric Acid Market Size & Share, By Product (Rene...

RD Code : 24