Asia-Pacific Butyric Acid Market, By Type (Natural Butyric Acid, Synthetic Butyric Acid), Derivatives (Sodium Butyrate, Calcium Butyrate and Others), Application (Animal Feed, Chemical Intermediate, Food and Flavors, Pharmaceuticals, Perfumes, Inks, Paints and Coatings and Others), Country (Japan, China, India, Malaysia, Australia And New Zealand, Indonesia, Philippines, South Korea, Singapore, Thailand, Rest of Asia-Pacific) Industry Trend and Forecast to 2027
Butyric acid market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing at a CAGR of 9.1% in the forecast period of 2020 to 2027 and expected to reach USD 396,657.09 thousand by 2027. Increasing health benefits which are increasing use of butyric acid are the factors for the market growth.
Asia-Pacific region is dominating due to the population in the countries such as China and Japan is very huge which boosts the demand of butyric acid among the consumers. The demand of butyric acid is increasing due to the growing meat requirement in the region.
The major factors for the consumption of the fast processing food are raising interest towards the healthy food, organic food and demand of the seasonal food that are making their usage and application and are expected to drive the butyric acid market in the future. Butyric acid coming from natural products also includes animal which requires high maintenance of the livestock to generate ample amount of milk for cheese, butter and other dairy products, therefore, high dependency on the agricultural products can restrain the butyric acid market.
It is essential to maintain a proper diet for the animal feed that helps in gaining muscle and providing better health condition to meet the rising demand of the meat, egg and dairy products leading to an increasing opportunity for the butyric acid market to grow. The labors and researchers working in the manufacturing industry have high chances of getting exposed to the toxicity of butyric acid that leads to severe skin problems acting as a challenge for the butyric acid market to grow.
This butyric acid market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the butyric acid market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Asia-Pacific butyric acid market is segmented on the basis of type, derivatives and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the butyric acid market is segmented into synthetic butyric acid and natural butyric acid. In 2020, natural butyric acid segment is dominating because of the easy availability in the market.
- On the basis of derivatives, the butyric acid market is segmented into sodium butyrate, calcium butyrate and others. In 2020, sodium butyrate segment is dominating because of growing application in pharmaceuticals.
- On the basis of application, the butyric acid market is segmented into animal feed, chemical intermediate, food and flavors, pharmaceuticals, inks, paints and coatings, perfumes and others. In 2020, animal feed segment is dominating because of the properties to resist diseases among animals.
Butyric Acid Market Country Level Analysis
Asia-Pacific butyric acid market is analysed and market size information is provided by country, type, derivatives and application as referenced above.
The countries covered in Asia-Pacific butyric acid market report are Japan, China, India, Malaysia, Australia And New Zealand, Indonesia, Philippines, South Korea, Singapore, Thailand, Rest of Asia-Pacific.
- In Asia-Pacific, China is dominating the market due to increasing health benefits which boosts demand of butyric acid in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Growing Demand of Butyric Acid for Chemical Production
Asia-Pacific butyric acid market also provides you with detailed market analysis for every country growth in installed base of different kind of products for butyric acid market, impact of technology using life line curves and changes in infant formula regulatory scenarios and their impact on the butyric acid market. The data is available for historic period 2010 to 2018.
Competitive Landscape and Butyric Acid Market Share Analysis
Asia-Pacific butyric acid market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to butyric acid market.
The major players covered in the report are Hefei TNJ Chemical Industry Co.,Ltd., Eastman Chemical Company, Celanese Corporation, Thermo Fisher Scientific Inc., Snowco Indutrial, Axxence Aromatic GmbH, Yufeng International Co.,Ltd , Zhonglan Industry Co.,Ltd., Weifang Qiyi Chemical Co., Ltd, Kemin Industries, Inc., OXEA GmbH, Perstorp Holding AB, Treatt Plc, Merck KGaA, Tokyo Chemical Industry Co., Ltd. among other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product launches, approvals, partnerships and agreements are also initiated by the companies’ worldwide which are also accelerating the butyric acid market.
- In November 2018, Perstorp Holding AB had invested in the Feed & Food Business Area with the aim to provide solutions for gut health and preservation. This investment helped to increase the sales of the business and demand of the product in the market which generates revenue of the business.
Collaboration, joint ventures and other strategies by the market player is enhancing the company market in the butyric acid market which also provides the benefit for organisation to improve their offering for butyric acid.