According to the UN Review in 2017, it was Estimated that due to High Consumption of Poultry, Beef and Pork, the Global Consumption of Meat Would Get Almost Double by Mid-Century

Butyric acid contains 4 carbons in its structure and has a pungent smell, making it suitable for perfumes. Butyric acid has a wide variety of usage in food and flavors, pharmaceuticals, inks, paints and coatings industry. It is naturally present in the human body and bodies of many animals.

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Global butyric acid market is expected to reach USD 944,784.49 thousand by 2027 from USD 497,475.10 thousand in 2019, growing at a CAGR of 8.5% in the forecast period 2020 to 2027.

Butyric Acid Market

Increasing health awareness with respect to meat and increasing food preference among the new generation across the world will drive the market's growth rate

There is a significant rise in meat consumption in developing countries such as Latin America, East-Asia and the Caribbean regions. The global consumption of meat has increased by 20 percent, meaning they have tripled in last four decades. The developing countries are nearly consuming double the quantity of meat and even industrial countries are consuming growing amount of the meat. Thus, increasing health awareness with respect to meat and food preference among the new generation is leading to increased meat consumption, which is expected to drive the butyric acid market globally.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2020 to 2027

Base Year

2019

Historic Years

2018 (Customizable to 2013 - 2018)

Quantitative Units

Revenue in USD Thousand, Volumes in Units, Pricing in USD

Segments Covered

Type (Natural Butyric Acid and Synthetic Butyric Acid), Derivatives (Sodium Butyrate, Calcium Butyrate and Others), Application (Animal Feed, Chemical Intermediate, Food and Flavors, Pharmaceuticals, Perfumes, Inks, Paints & Coatings and Others)

Countries Covered

U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)

Market Players Covered

Eastman Chemical Company (U.S.), Celanese Corporation (U.S.), Thermo Fisher Scientific Inc. (U.S.), Snowco Industrial (U.K.), Aldon Corporation (U.S.), Yufeng International Co., Ltd (China), Zhonglan Industry Co.,Ltd., Weifang Qiyi Chemical Co., Ltd. (China), Kemin Industries, Inc. (U.S.), OXEA GmbH (Germany) among others.             

Data Points Covered in the Report

In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand

Segment Analysis:

Global butyric acid market is segmented into three notable segments which are type, derivative and application.

  • On the basis of type, market is segmented into synthetic butyric acid and natural butyric acid. In 2020, natural butyric acid segment is expected to dominate the global butyric acid market with 67.56% market share due to easy fermentation processing which has widened the area of application. In Asia-Pacific, natural butyric acid is dominating in the region due to high usage in the dairy food such as cheese, butter to produce butyric acid out of glycerides.
  • On the basis of derivative, the market is segmented into sodium butyrate, calcium butyrate and others. In 2020, sodium butyrate segment is expected to dominate the global butyric acid market with 48.98% market share and is expected to reach USD 481,373.41 thousand by 2027 from USD 242,071.33 thousand in 2019, growing at the highest CAGR of 9.1% in the forecast period of 2020 to 2027.

The immunity segment will dominate the derivative segment of the butyric acid market

The immunity segment will emerge as the dominating segment under derivative with approximately 49.00% market share. This is because of the growing number of infrastructural development activities in the market especially in the developing economies. Further, growth and expansion of the animal feed industry all around the globe will further bolster the growth of this segment.

  • On the basis of application, the market is segmented into animal feed, chemical intermediate, food and flavors, pharmaceuticals, inks, paints & coatings, perfumes and others. In 2020, animal feed segment is expected to dominate the global butyric acid market with 37.06% market share

The animal feed segment will dominate the application segment of the butyric acid market

The animal feed segment will emerge as the dominating segment application segment. This is because of the growing number of distribution channels in the market especially in the developing economies. Further, growth and expansion of research development services on a global scale will further bolster the growth of this segment.

Major Players         

Data Bridge Market Research recognizes the following companies as the market players in market: DSM (Netherlands), Prinova Group LLC. (U.S.), PURATOS (Belgium), Provimi Animal Nutrition India Pvt. Ltd. (India), Vitablend (Netherlands), Corbion (Netherlands), DPO International (U.S.), Budenheim (Malaysia), Hexagon Nutrition Pvt. Ltd. (India), Farbest Brands (U.S.), Oy Karl Fazer Ab. (Finland), Glanbia plc (U.K.), ADM (U.S.), Buddy Nutrition (India), SternVitamin GmbH & Co. KG (Germany).

Butyric Acid Market

Market Development

  • In April 2019, Kemin Industries launched and showcased the new product name as Aleta beta glucan (β-glucan) held in Rome at the Intestinal Health Scientific Interest Group's (IHSIG) on the 6th Conference of Poultry Intestinal Health. The launch helps in increasing revenue of the business.
  • In June 2020, Celanese Corporation had signed an agreement of technology licensing for the acetic acid route to acrylic acid. The agreement helps in increasing the revenue of the company.
  • In March 2019, Thermo Fisher Scientific launched a new range of acids under the brand name Thermo Scientific ICP-OES acids which can be used in the industrial, food, pharmaceuticals and food & beverages industry laboratories. The acids met the American Chemical 'Society's testing specifications and justified the strict standards of the Society. The product will help the company in expanding its product portfolio into the market serving their customers better.

Regional Analysis

Geographically, the countries covered in the market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)

As per Data Bridge Market Research analysis:

Asia-Pacific is the dominant region in butyric acid market during the forecast period 2020 - 2027

Asia-Pacific dominates the market for butyric acid because of the rising consumption of processed foods in China that call for and primarily use butyric acid. In the projection period of 2020 to 2027, the Asia-Pacific region is anticipated to develop at the fastest rate due to rising corporate expansion and consumer awareness. Due to the region's rising demand for animal feed, which in turn increases demand for butyric acid, China is driving the expansion of the Asia-Pacific market.

North America is estimated to be the fastest growing region in butyric acid market the forecast period 2020 - 2027

The United States is a global leader in North America thanks to its disease-resistance health advantages. Additionally, the market is rising demand for butyric acid drives up prices.

COVID-19 Impact

Globally considerable economic losses as a result of the COVID-19 epidemic. The pandemic's negative impacts on the market were also seen in 2020. The pandemic temporarily reduced the operating efficacy of certain industries. Numerous application areas, including animal feed, food tastes, food scents, chemical intermediates, and pharmaceutical, have suffered as a result. The crisis curtailed butyric acid use all around the world. The manufacturing and distribution networks for animal feed were severely disrupted throughout Asia-Pacific as a result of the lockdown measures. However, a number of industries are starting up again.

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