Butyric Acid Market Size, Share & Trends Report, Forecast- 2032
IMARC Group, a leading market research company, has recently released a report titled “Butyric Acid Market Report by Type (Synthetic, Bio-based), Derivative (Sodium Butyrate, Calcium Butyrate, and Others), Application (Animal Feed, Chemical Intermediate, Food and Flavor, Pharmaceutical, Perfume, and Others), and Region 2024-2032”. The study provides a detailed analysis of the industry, including the global butyric acid market trends, share, size, and industry growth forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
The global butyric acid market size reached US$ 234.6 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 687.6 Million by 2032, exhibiting a growth rate (CAGR) of 12.3% during 2024-2032.
Global Butyric Acid Market Trends:
The increasing global focus on animal health and nutrition is driving the demand for butyric acid. The efficacy of butyric acid in promoting gut health and overall growth in livestock is notably contributing to its market expansion.
Additionally, the recognition of butyric acid's benefits in human health, particularly its potential in gastrointestinal treatment and cancer therapy, is integrating it into health-focused applications.
Moreover, the availability of butyric acid in various forms, including as salts like sodium butyrate, enhances its applicability in diverse industrial sectors, thereby stimulating the market's growth globally.
Request to Get the Sample Report:
https://www.imarcgroup.com/butyric-acid-market/requestsample
Factors Affecting the Growth of the Butyric Acid Industry:
· Expanding Application in Animal Feed:
The application of butyric acid in animal feed is experiencing significant growth. Producers are increasingly recognizing the benefits of butyric acid in improving gut health and boosting the growth and efficiency of livestock. This compound is proving essential for enhancing the feed efficiency and overall health of poultry, swine, and other farm animals. As the demand for animal protein is rising globally, the need for efficient and healthy animal feed additives like butyric acid is concurrently growing. This trend is driving continuous expansion in this segment of the butyric acid market.
· Rising Demand in Pharmaceutical and Food Industries:
The pharmaceutical and food industries are showing a growing interest in butyric acid due to its health benefits. In pharmaceuticals, butyric acid is gaining attention for its potential in treating various gastrointestinal diseases and as a component in cancer therapy. Meanwhile, in the food industry, its role as a flavoring agent and food additive is expanding. This multifaceted utility of butyric acid across different industries is leading to a broader application scope, which in turn, is propelling the market growth.
· Technological Advancements in Production Processes:
Technological advancements in the production processes of butyric acid are playing a crucial role in market growth. Modern production techniques are enhancing the efficiency and cost-effectiveness of butyric acid manufacturing. Innovations in fermentation technology and the development of sustainable production methods are particularly noteworthy. These advancements are not only making butyric acid more accessible and affordable but are also aligning with the increasing environmental and sustainability concerns. As such, these technological improvements are contributing significantly to the expansion of the butyric acid market.
Butyric Acid Market Report Segmentation:
By Type:
· Synthetic
· Bio-based
By type, synthetic represented the largest segment as it is widely used due to its cost-effectiveness and consistent quality, meeting diverse industrial demands.
By Derivative:
· Sodium Butyrate
· Calcium Butyrate
· Others
By derivative, sodium butyrate represented the largest segment as it is extensively utilized as an animal feed additive for its beneficial effects on gut health and growth performance in livestock.
By Application:
· Animal Feed
· Chemical Intermediate
· Food and Flavor
· Pharmaceutical
· Perfume
· Others
By application, animal feed represented the largest segment, the use of butyric acid in animal feed is predominant, driven by its effectiveness in improving intestinal health and growth in farm animals.
Regional Insights:
· North America
· Asia Pacific
· Europe
· Latin America
Asia Pacific emerged as the largest market as Asia Pacific's significant agricultural sector and rapidly growing pharmaceutical and food industries drive the high demand for butyric acid in this region.
Competitive Landscape with Key Players:
The competitive landscape of butyric acid market size 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.
Ask Analyst for Customized Report:
https://www.imarcgroup.com/request?type=report&id=2303&flag=C
Key Highlights of the Report:
· Market Performance (2018-2023)
· Market Outlook (2024-2032)
· Market Trends
· Market Drivers and Success Factors
· Impact of COVID-19
· Value Chain Analysis
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us:
IMARC Group
134 N 4th St
Brooklyn, NY 11249, USA
Website: imarcgroup.com
Email: sales@imarcgroup.com
Americas: +1-631-791-1145 | Europe & Africa: +44-753-713-2163 | Asia: +91-120-433-0800
English
Arabic
Français
Español
Deutsch
Türkçe
Dutch
Italiano
Russian
Romaian