IMARC Group, a leading market research company, has recently releases report titled “Butyric Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global butyric acid market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the butyric acid market?
The global butyric acid market size reached US$ 205.6 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 453.7 Million by 2028, exhibiting a growth rate (CAGR) of 13.9% during 2023-2028.
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What is butyric acid?
Butyric acid, also known as butanoic acid, is a carboxylic acid with the chemical formula C4H8O2. It’s a fatty acid that’s naturally found in many animal fats and plant oils and is one of the most common short-chain fatty acids.
Butyric acid is most well-known for its presence in butter, which gives it a characteristic smell and taste. The acid is formed when milk fats are broken down by enzymes in butter or when dietary fiber is fermented in the human gut. From a health perspective, butyric acid plays a significant role in maintaining human gut health as it serves as the primary energy source for the cells lining the colon. It’s linked to benefits, such as anti-inflammatory effects, which promote gut barrier integrity, and potentially reduce the risk of colon cancer.
What are the growth prospects and trends in the butyric acid industry?
The growing demand for butyric acid in the animal feed industry represents one of the key factors driving the growth of the market across the globe. Butyric acid is increasingly used as a feed additive for poultry and swine, as it aids in improving gut health and boosting animal growth and productivity. This demand is especially significant given the rising global consumption of meat and the need for more sustainable and health-conscious animal farming practices. In the food and flavor industry, butyric acid is used as a flavoring agent.
Despite its pungent smell, in small quantities, it imparts a distinctive flavor to foods like cheese and butter. With the expansion of the food and beverage industry worldwide, the demand for flavoring agents, including butyric acid, is growing. Furthermore, the rising use of butyric acid in the chemical and pharmaceutical industries is contributing to the market growth. It serves as a critical raw material in the production of various chemicals, plastics, and drugs, which is creating a positive outlook for the market.
Competitive Landscape With Key Players:
The competitive landscape of the butyric acid market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Blue Marble Biomaterials LLC (Socati Corporation)
- Eastman Chemical Company
- OQ Chemicals
- Perstorp Holding AB
- Snowco Industrial Co. Ltd.
- Thermo Fisher Scientific Inc.
- Tokyo Chemical Industry Co. Ltd.
- Axxence Aromatic GmbH
- Kemin Industries Inc.
- Zhonglan Industry Co. Ltd
Key Market Segmentation:
The report has segmented the global butyric acid market based on type, derivative, application and region.
Breakup by Type:
- Synthetic
- Bio-based
Breakup by Derivative:
- Sodium Butyrate
- Calcium Butyrate
- Others
Breakup by Application:
- Animal Feed
- Chemical Intermediate
- Food and Flavor
- Pharmaceutical
- Perfume
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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