Butyric Acid Market Share, Size, Trends, Industry Analysis Report, By Type (Synthetic and Renewable); By Application (Animal Feed, Chemical Intermediates, Food Additives & Flavoring, Plasticizer, Human Dietary Supplements, Leather Tanning, Others); By End-Use; By Region; Segment Forecast, 2023 - 2032
- Published Date:Jun-2023
- Pages: 117
- Format: PDF
- Report ID: PM3432
- Base Year: 2022
- Historical Data: 2019-2021
Report Outlook
The global butyric acid market was valued at USD 310.75 million in 2022 and is expected to grow at a CAGR of 9.0% during the forecast period. The growing demand and prevalence for several types of specialty chemicals across numerous end-use industries such as pharmaceutical, food & beverage, personal care, and animal feed industries along with the growing consumption of meat products globally and propelling poultry industry at rapid pace, are the primary factors driving the global market growth.
The market research report offers an in-depth analysis of the industry to support informed decision-making. It offers a meticulous breakdown of various market niches and keeps readers updated on the latest industry developments. Along with tracking the butyric acid market on the basis of SWOT and Porter’s Five Forces models, the research report includes graphs, tables, charts, and other pictorial representations to help readers understand the key insights and important data easily.
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In addition, the increasing emphasis on research & development activities towards the development of alternative fuel sources due to continuously rising petroleum prices and decline in the petroleum availability and focus on market expansion through several business developing strategies among major players, are also expected to boost the market growth.
For instance, in April 2021, Eastman Chemical Company, announced that it has successfully acquired 3F Feed & Food, a leader in commercial and technical development for animal feed and human food. With the acquisition, the Eastman Chemical Company, is expected to strengthen its market position in animal nutrition business, by combing Eastman’s unique technology capabilities with 3F’s expertise in the field.
The rising utilization and popularity of butyric acid worldwide due to its ability to prevent wide range of cardiovascular diseases such as heat failure, high blood pressure, and stroke among others coupled with the growing need for this acid to effectively treat and prevent the development of several gastrointestinal disorders like diarrhea, functional abnormalities, intestinal inflammations, dysbiosis, and symptoms, that mainly arise after the chemotherapy and surgery, is resulting in high traction and adoption of the product.
The outbreak of the COVID-19 pandemic has significantly impacted the growth of the butyric acid market. The rapid spread of the deadly coronavirus across the globe had severely impacted the global transportation system, as many countries have imposed lockdowns and stringent regulations on mass movement. However, the demand for food & beverage and food processing industry has grown moderately during the pandemic, as consumers were stocking food products at their home in large quantities.
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Industry Dynamics
Growth Drivers
The rapid increase in the demand from various end-use industries including animal feed and dietary supplements across the globe along with this, it is being widely used to stimulates the release of enzymes and stabilizes the microbiota, that improves the overall efficiency of nutrient digestion and colonization resistance, are among the key factors influencing the global butyric acid market demand and growth over the next coming years.
Furthermore, the change in consumer eating habits and growing prevalence of various types of health issues such as indigestion, irritable bowel syndrome, and gastric coupled with the drastic increase in the pharmaceutical industry across both developed and developing nations around the world, are further likely to contribute positively towards the market growth at rapid pace.
Report Segmentation
The market is primarily segmented based on type, application, end-use, and region.
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By Type |
By Application |
By End-Use |
By Region |
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Renewable segment is expected to witness fastest growth over the forecast period
The renewable segment is projected to grow rapidly during the anticipated period, which is mainly accelerated by extensive rise in the consumer demand for natural ingredients in their daily consuming food & beverage products and surge in the awareness regarding the various health benefits that are associated with the natural or bio-based butyric acid. Moreover, the rapidly growing consumer inclination towards bio-based products, as these products are generally made up of natural products like corn, sugar, husk and many other natural resources since they do not affect the environment as well as human health, which in turn, is likely to have positive impact on the segment market.
The synthetic segment led the industry market with significant revenue share in 2022, on account of its widespread utilization and adoption, as it has low cost of production and raw materials that are required for the production is easily accessible. The product is widely available across the globe and has reach to all-income categories consumers, which bodes well for the growth of the market.
Animal feed segment accounted for largest market share in 2022
The animal feed segment dominates the market share in 2022, and is likely to retain its market position throughout the anticipated period, as butyric acid is widely known to play crucial role in the mucosal immune response and consist anti-inflammatory properties. It further helps in affecting the gene expression and protein synthesis and also affect the maturation, proliferation, and differentiation of various mucosal cells along with the surge in the incidences of animal diseases, has led to increased use of product globally, which in turn, likely to have a positive impact on the global market growth.
The growing penetration among the major food corporations such as KFC and McDonald’s, who have been focused to make low-price meat increasingly available especially in emerging economies like China, India, and Indonesia, because of the rising rate of urbanization increasing disposable incomes, and high meat consumption in these countries, are further contributing to the demand and growth of the market.
Food & beverage segment held the significant market share
The food & beverage segment held the significant market revenue share at considerable growth in 2022, which is mainly driven by exponential growth in the consumption of food & beverage products due to increasing population burden globally and change in consumer living styles, which results in higher demand for packaged food products and in turn, boosted the demand for butyric acid from the industry market.
The personal care segment is expected to exhibit substantial growth rate over the coming years, mainly due to increasing consumer spending on various types of beauty products coupled with the rise in the number of infectious diseases cases, that supports the personal care and pharma industry.
Asia Pacific region dominated the global market in 2022
The Asia Pacific region dominated the global market for butyric acid with maximum share in 2022, and is projected to maintain its dominance throughout the anticipated period. The regional market growth can be highly attributable to constant change in consumer dietary patterns, growing need and demand for renewables-based feed products, and growth in the income levels of population across the region. Moreover, rapid growth in the pharmaceutical and healthcare sector in countries like India and China and widespread presence of middle-class and aging society are further anticipated to create huge demand for the market.
The North America region is anticipated to be the fastest growing region during the projected period, owing to robust presence of well-developed and established food & beverage and healthcare sector mainly in developed countries like US and Canada along with the high consumer disposable income and spending capacity as compared to other regions in the world.
Competitive Insight
Some of the major players operating in the global market include Tokyo Chemical Industry, Blue Marble Biomaterials, Eastman Chemical Company, OXEA GmbH, Snowco Industrial, Alfa Aesar GmbH, Axxence Aromatic, Zhonglan Industry, Perstorp Holding, TNJ Chemical Industry, Palital Feed Additives, OQ Chemicals, Merck KGaA, & Yufeng International.
Recent Developments
- In April 2022, Perstorp introduced Gastrivix Avi. The product has been designed to meet the growing biological needs, support the gut integrity & promotes the reliable. It is a dry product that is quite easy to handle, palatable, and does not contain goods restrictions and odor issues.
- In May 2022, Afyren introduced its new F&F range of products named “Flavyren” an extended portfolio of carboxylic acids. The new product line offers a high level of purity and consistent organoleptic profiles, and reduce the carbon footprints of various acids including butyric, acetic, and iso-butyric among others.
Butyric Acid Market Report Scope
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Report Attributes |
Details |
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Market size value in 2023 |
USD 338.26 million |
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Revenue forecast in 2032 |
USD 737.69 million |
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CAGR |
9.0% from 2023– 2032 |
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Base year |
2022 |
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Historical data |
2019 – 2021 |
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Forecast period |
2023 – 2032 |
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Quantitative units |
Revenue in USD million and CAGR from 2023 to 2032 |
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Segments covered |
By Type, By Application, By End-Use, By Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America; Middle East & Africa |
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Key companies |
Tokyo Chemical Industry Co. Ltd., Blue Marble Biomaterials, Eastman Chemical Company, OXEA GmbH, Snowco Industrial Co. Ltd., Alfa Aesar GmbH & CO KG, Axxence Aromatic GmbH, Zhonglan Industry Co. Ltd., Perstorp Holding AB, TNJ Chemical Industry, Palital Feed Additives B.V., OQ Chemicals, Merck KGaA, and Yufeng International Group. |
We provide our clients the option to personalize the butyric acid market report to suit their needs. By customizing the report, you can get data as per your format and definition. Also, the customization option allows you to gain a deeper dive into a specific segment, region, customer, or market competitor.
FAQ's
key companies in butyric acid market are Tokyo Chemical Industry, Blue Marble Biomaterials, Eastman Chemical Company, OXEA GmbH, Snowco Industrial, Alfa Aesar GmbH.
The global butyric acid market is expected to grow at a CAGR of 9.0% during the forecast period.
The butyric acid market report covering key segments are type, application, end-use, and region.
key driving factors in butyric acid market are increasing use in medical field drives the market.
The global butyric acid market size is expected to reach USD 737.69 million by 2032.
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