Butyric Acid Derivatives Market Trends and Segments Forecast To 2028
The global butyric acid derivatives market size was valued at USD 332.64 Mn. in 2021, and it is expected to reach USD 1021.05 Mn. by 2028 with a CAGR of 16% during the forecast period 2022-2028. Butyric acid derivatives are a short chain of fatty acids that modulate histone acetylation to help increase Hb F levels. Butyric acid, commonly known as Butanoic acid, is a carboxylic acid with the chemical formula CH3CH2CH2CO2H. It is a straight-chain alkyl carboxylic acid with the chemical formula CH3CH2CH2CO2H. It's a greasy, colourless liquid with an obnoxious odour. Butyric acid and its derivatives have a wide range of uses in the food, perfume, and fragrance industries, as well as the polymer and pharmaceutical industries. Butyrates are salts and esters of butyric acid, while isobutyric acid (2-methylpropanoic acid) is an isomer.
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During the projection period, the market will be driven by increased demand for specialty chemicals in multiple end sectors such as pharmaceutical, animal feed, food & beverage, and personal care. Starch is an odourless powder that is insoluble in cold water, alcohol, and other solvents. Butyric acid's market expansion is further aided by the rising prevalence of health-related diseases such as diabetes, anxiety, obesity, and others. The increasing poultry sector, together with rising worldwide chicken consumption, is driving market demand. One of the primary driving factors for butyric acid is the increased demand for alternative and biofuels in the aerospace and automotive industries. Cosmetics usage is increasing as a result of changing lifestyles and the rise in working women in developing countries, which is fueling market expansion between 2021 and 2026. However, market expansion is projected to be hampered by fluctuating raw material prices and the health risks associated with butyric acid throughout the forecast period.
The global butyric acid derivatives market segmentation:
1)By Product: Sodium Butyrate, Calcium Butyrate and Others.
2) By Animal Feed: Poultry, Swine and Others
By 2028, Asia-Pacific is estimated to have the greatest market share in the Butyric Acid Derivatives Market, owing to the region's massive meat production. Apart from that, the subcontinent's massive presence of big feedstock and numerous butyric acid derivatives processors is predicted to drive the Butyric Acid Derivatives Market forward. In terms of product consumption, the European market is predicted to overtake the Asia-Pacific market. Because the subcontinent is the largest producer of pork, it will contribute financially to the entire market size.
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There are several industry players working in the Butyric Acid Derivatives Market, which include Perstorp Holding AB, Nutreco N.V., Bioscreen Technologies S.R.L, Kemin Industries, Innovad, Palital GmbH and Co. KG, Anmol Chemicals, Jainex Specialty Chemicals, Hangzhou King Technia Technology, Sanluc International NV
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