Europe 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 (Germany, France, U.K., Italy, Russia, Spain, Switzerland, Netherlands, Turkey, Belgium, and Rest of Europe), Industry Trends 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 8.3% in the forecast period of 2020 to 2027and expected to reach USD 171,385.68 Thousand by 2027. Growing demand of animal feed which increase the demand of butyric acid are the factors for the market growth.
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 market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Europe 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 is dominating the market because of the easy processing techniques 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 is dominating the market because of growing application in animal feed.
- 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 is dominating the market because of the growing health benefits which maintains health of animals.
Butyric Acid Market Country Level Analysis
Europe butyric acid market is analysed and market size information is provided by country, type, derivatives and application as referenced above.
The countries covered in Europe butyric acid market report are Germany, France, U.K., Italy, Russia, Spain, Switzerland, Netherlands, Turkey, Belgium and Rest of Europe.
Europe region is dominating in various countries such as Germany and France to increasing health benefits and increasing demand for animal feed which boosts the demand of butyric acid.
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.
Increasing Demand of Butyric Acid for Chemical Production
Europe 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
Europe 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 breath, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to Europe butyric acid market.
The major players covered in the report are Green Biologics Limited, Eastman Chemical Company, Celanese Corporation, Thermo Fisher Scientific Inc., Axxence Aromatic GmbH, Augustus Oils Ltd., Ennolys (A Subsidiary of Lesaffre Group), ELiE Health Solutions, Kemin Industries, Inc., OXEA GmbH, Perstorp Holding AB, Treatt Plc, Merck KGaA, Tokyo Chemical Industry Co., Ltd.among other players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
- In June 2020, Eastman Chemical Company had received the Project of the Year award due to its recycling innovation. The award helps the company to increase their production line and generates revenue of the business in the future.