Market Business Insights Butyric Acid Market
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Market Outline

The global market for butyric acid is expected to witness significant growth during the forecast period from 2022 to 2030. Butyric acid is a four-carbon fatty acid that is commonly used in various industries, including animal feed, chemical intermediates, pharmaceuticals, food and flavors, and human dietary supplements. The market is projected to grow at a CAGR of 9.26%, reaching a revenue of USD 638.70 million by 2030, up from USD 314.49 million in 2022.

In terms of market segmentation, the type segment holds the majority share of 52%. Within this segment, synthetic butyric acid dominates the market. However, there is a growing demand for renewable butyric acid due to its eco-friendly nature and increasing environmental concerns.

The end-use segment is expected to account for the remaining 48% of the market share, with a wide range of applications. The major sub-segments within this category include animal feed, chemical intermediates, pharmaceuticals, food and flavors, and human dietary supplements. The animal feed segment is predicted to be the largest consumer of butyric acid due to its ability to improve gut health and enhance animal performance.

Geographically, the Asia Pacific region is expected to be the largest market for butyric acid, driven by the increasing demand from the animal feed segment and the growing population. On the other hand, North America is projected to be the fastest-growing region due to the rising demand for renewable butyric acid in the food and flavor and pharmaceutical sectors.

However, the market does face some restraints. The high volatility of raw material prices, mainly crude oil and natural gas, poses a significant challenge to the market growth. Additionally, stringent environmental regulations imposed by various governing bodies may hinder the market development.

Nevertheless, the market offers lucrative opportunities. The growing demand from the pharmaceutical sector, with applications in antibiotics, antimicrobials, and analgesics, presents a positive outlook for the market. Furthermore, the increasing use of butyric acid in personal care products, such as perfumes and fragrances, acts as another growth opportunity for the market.

Overall, the global butyric acid market is poised for substantial growth in the coming years, driven by the expanding applications and increasing awareness about the benefits of butyric acid in various industries. The market is highly competitive, with key players such as Perstorp Holding AB, OQ Chemicals GmbH, and Eastman Chemical Company dominating the market.

Market Key Points

- The global butyric acid market is expected to reach a revenue of USD 638.70 Million by 2030, growing at a CAGR of 9.26% from 2022 to 2030.

Report Snapshot

Base Year 2021
Forecast Year 2022 - 2030
Revenue 2022 USD 314.49 Million
Revenue 2030 USD 638.70 Million
CAGR 9.26%
Fastest Growing Region Asia Pacific
Largest Region North America

- The market is segmented into two main types: synthetic and renewable. Synthetic butyric acid holds a share of 52%, while renewable butyric acid holds the remaining 48%.

- The end-use segments for butyric acid include animal feed, chemical intermediates, pharmaceuticals, food & flavors, and human dietary supplements.

- The largest market region for butyric acid is Asia Pacific, while the fastest-growing region is North America.

- The key drivers for the butyric acid market are the increasing demand from the animal feed segment and the growing demand for renewable butyric acid in the food & flavor and pharmaceutical sectors.

- However, the market faces restraints such as the high volatility of raw material prices and stringent environmental regulations.

- There are also opportunities for growth, including the growing demand from the pharmaceutical sector and the increasing use of butyric acid in personal care products.

- Some of the key companies in the butyric acid market include Perstorp Holding AB, OQ Chemicals GmbH, Eastman Chemical Company, and Merck KGaA.

Market Dynamics (DRO)

Drivers:

1. Increasing demand from the animal feed segment: Butyric acid is widely used in animal feed as it helps improve gut health and digestion in animals. With the growing population and increasing consumption of meat products, there is a rising demand for animal feed additives like butyric acid to enhance animal health and productivity.

2. Growing demand for renewable butyric acid in the food & flavor and pharmaceutical sectors: There is a growing trend towards using renewable and sustainable raw materials in the production of chemicals. Renewable butyric acid, obtained from bio-based feedstocks, is gaining popularity in the food & flavor and pharmaceutical industries. It is used as a flavoring agent and as a raw material for the production of medicines and supplements.

Restraints:

1. High volatility of raw material prices: The production of butyric acid involves the use of raw materials such as crude oil derivatives or bio-based feedstocks. Fluctuations in the prices of these raw materials can impact the overall cost of production and profitability of the butyric acid industry.

2. Stringent environmental regulations: The production and use of chemicals like butyric acid are subject to strict environmental regulations. Compliance with these regulations requires significant investment in waste treatment and emission control measures, which can add to the operational costs of butyric acid manufacturers.

Opportunities:

1. Growing demand from the pharmaceutical sector: Butyric acid is widely used in the pharmaceutical industry for various applications such as drug delivery systems, topical creams, and anti-inflammatory treatments. As the pharmaceutical sector continues to grow, the demand for butyric acid is expected to increase, presenting opportunities for market growth.

2. Increasing use of butyric acid in personal care products: Butyric acid is also finding applications in personal care products such as cosmetics, fragrances, and skincare products. The use of butyric acid in these products offers antimicrobial properties and enhanced absorption capabilities. With the growing consumer interest in natural and sustainable personal care products, the demand for butyric acid in this sector is expected to rise.

Butyric Acid Market Segment Insights

1. Type Segment:

- Synthetic Butyric Acid: This segment holds the majority share of the butyric acid market, accounting for 52% of the total market revenue. Synthetic butyric acid is widely used in various applications such as animal feed, chemical intermediates, and pharmaceuticals.

- Renewable Butyric Acid: Renewable butyric acid is gaining significant traction due to its eco-friendly nature. It is expected to witness substantial growth during the forecast period. The renewable segment offers a sustainable and renewable source of butyric acid, making it highly desirable for industries focusing on sustainability.

2. End-use Segment:

- Animal Feed: Animal feed is the largest end-use segment, contributing to 48% of the market share. Butyric acid is extensively used in animal feed as it enhances intestinal health, improves feed efficiency, and promotes the growth of beneficial gut bacteria in animals.

- Chemical Intermediates: Butyric acid is used as a chemical intermediate in the production of various chemicals, such as esters, pharmaceuticals, and polymers. This segment is expected to grow due to increasing demand from the chemical industry.

- Pharmaceuticals: The pharmaceutical sector is a significant consumer of butyric acid. It is used in the production of drugs, especially for the treatment of diseases related to the gastrointestinal system. The growing demand in the pharmaceutical industry is expected to drive the butyric acid market.

- Food & Flavors: Butyric acid is used as a food additive to enhance flavors in various food products. The increasing demand for natural food additives and flavors is expected to drive the growth of the butyric acid market in this segment.

- Human Dietary Supplements: Butyric acid is used in dietary supplements to support a healthy digestive system and overall gut health. The increasing awareness among consumers about gut health and the importance of a balanced diet is expected to drive the demand for butyric acid in dietary supplements.

Each segment of the butyric acid market offers unique growth opportunities and contributes to the overall market expansion.

Regional Insights

Asia Pacific is the largest region in the butyric acid market. This can be attributed to the increasing demand from various end-use industries, such as animal feed, food & flavors, and pharmaceuticals, in countries like China, India, and Japan. The region has a significant presence of key market players, technological advancements, and a growing population, which is driving the demand for butyric acid.

North America is the fastest-growing region in the butyric acid market. The region is witnessing high demand from the animal feed segment, as the livestock industry is expanding rapidly. Additionally, there is a growing demand for renewable butyric acid in the food & flavor and pharmaceutical sectors. The region is also investing in research and development activities to explore new applications of butyric acid, further driving its growth in the region.

Europe is another prominent market for butyric acid, driven by the presence of major pharmaceutical and chemical industries in countries like Germany, France, and the United Kingdom. The region is witnessing an increasing demand for butyric acid in chemical intermediates, pharmaceuticals, and food & flavors.

Latin America and the Middle East & Africa are also experiencing growth in the butyric acid market. These regions are witnessing industrial growth, increasing disposable incomes, and a rising preference for convenience food, driving the demand for butyric acid in these regions.

Overall, the butyric acid market is expected to witness significant growth across regions, with Asia Pacific being the largest market and North America being the fastest-growing region.

Key Market Trends

Recent market trends in the butyric acid industry include:

1. Increasing Demand from the Animal Feed Segment: The animal feed segment is a major driver for the butyric acid market. Butyric acid is used as a feed additive for animals to improve their digestion, growth, and overall health. The growing demand for high-quality animal protein products and the need for better animal nutrition have led to an increased use of butyric acid in animal feed formulations.

2. Growing Demand for Renewable Butyric Acid: With rising environmental concerns and the need for sustainable solutions, there is a growing demand for renewable butyric acid. Renewable butyric acid is produced from renewable resources such as biomass and is considered a more eco-friendly alternative to synthetic butyric acid. This trend is driven by increasing consumer awareness and government regulations promoting sustainable practices.

3. Expansion in the Food & Flavor and Pharmaceutical Sectors: Butyric acid has a wide range of applications in the food & flavor and pharmaceutical sectors. It is used as a flavoring agent in food products and as an intermediate in the production of drugs and pharmaceuticals. The growing consumer demand for natural and clean-label products has led to an increased use of butyric acid in these sectors.

4. Favorable Growth in the Asia Pacific Region: The Asia Pacific region is the largest market for butyric acid and is expected to maintain its dominance in the coming years. Factors such as rising population, increasing disposable income, and the expanding food and pharmaceutical industries in countries like China and India are driving the demand for butyric acid in this region.

5. North America as the Fastest-growing Region: North America is expected to be the fastest-growing region in the butyric acid market. Factors driving this growth include increasing demand from the animal feed and pharmaceutical sectors, advancements in fermentation and extraction technologies, and rising investments in research and development activities.

6. Opportunities in the Pharmaceutical Sector: The pharmaceutical sector offers significant growth opportunities for the butyric acid market. Butyric acid is used in the production of various drugs, including anticancer drugs, anti-inflammatory drugs, and some antibiotics. The increasing prevalence of chronic diseases and the demand for effective pharmaceutical treatments are expected to drive the demand for butyric acid in this sector.

7. Increasing Use in Personal Care Products: Butyric acid is also used in personal care products, including cosmetics and skincare products. It acts as a fragrance ingredient, emollient, and conditioning agent in these products. With the growing consumer demand for natural and organic personal care products, there is an increasing use of butyric acid in this industry.

Overall, the butyric acid market is witnessing significant growth due to various factors such as increasing demand from the animal feed segment, growing demand for renewable butyric acid, expansion in the food & flavor and pharmaceutical sectors, and favorable market conditions in regions like Asia Pacific and North America. However, challenges such as volatile raw material prices and stringent environmental regulations need to be addressed by industry players to sustain this growth.

Key Companies Insight

The global market for butyric acid is highly competitive, with several key players operating in the industry. Some of the major companies in the market include:

1. Perstorp Holding AB: Perstorp Holding AB is a leading producer of specialty chemicals, including butyric acid. The company offers a wide range of products for various industries and has a strong presence in the global market.

2. OQ Chemicals GmbH: OQ Chemicals GmbH is a global manufacturer and supplier of chemicals, including butyric acid. The company focuses on sustainable production processes and innovation to meet the changing demands of the market.

3. Eastman Chemical Company: Eastman Chemical Company is a multinational manufacturing company that produces a wide range of chemicals and materials, including butyric acid. The company has a strong presence in the global market and offers high-quality products to its customers.

4. Palital Feed Additives B.V.: Palital Feed Additives B.V. is a leading supplier of feed additives, including butyric acid, for the animal feed industry. The company specializes in the development and production of innovative products to improve animal health and performance.

5. Tokyo Chemical Industry Co., Ltd.: Tokyo Chemical Industry Co., Ltd. is a chemical manufacturer and supplier based in Japan. The company offers a wide range of chemicals, including butyric acid, for various industries such as pharmaceuticals, food, and flavors.

6. Snowco: Snowco is a global manufacturer and supplier of chemicals, including butyric acid. The company has a strong presence in the market and offers high-quality products to meet the diverse needs of its customers.

7. Merck KGaA: Merck KGaA is a multinational pharmaceutical and chemical company that produces a wide range of products, including butyric acid. The company focuses on innovation and sustainability to drive growth in the market.

8. Kemin Industries, Inc.: Kemin Industries, Inc. is a leading provider of specialty ingredients for the food and feed industries. The company offers a range of products, including butyric acid, to improve animal health and nutrition.

9. Hefei TNJ Chemical Industry Co., Ltd.: Hefei TNJ Chemical Industry Co., Ltd. is a chemical manufacturer and supplier based in China. The company offers a wide range of chemicals, including butyric acid, for various industries such as pharmaceuticals and food.

10. Kunshan Odowell Co., Ltd.: Kunshan Odowell Co., Ltd. is a chemical manufacturer and supplier based in China. The company specializes in the production of organic chemicals, including butyric acid, for various industrial applications.

11. Yufeng International Group Co., Ltd.: Yufeng International Group Co., Ltd. is a chemical company based in China. The company offers a wide range of chemicals, including butyric acid, for various industries such as pharmaceuticals and food.

These companies compete in terms of product quality, innovation, pricing, and distribution network to gain a larger market share. With the growing demand for butyric acid, companies are focusing on expanding their production capacity and geographical presence to cater to the rising market needs.

Recent Developments

In recent years, the market for butyric acid has witnessed significant developments and growth. One of the major market developments is the increasing demand from the animal feed segment. Butyric acid is widely used in animal feed as it helps in improving digestive health and promotes the growth of beneficial bacteria in the gut. With the rising demand for meat and dairy products, the demand for animal feed additives, including butyric acid, has also increased.

Another important market development is the growing demand for renewable butyric acid in the food & flavor and pharmaceutical sectors. Renewable butyric acid is derived from sustainable feedstocks such as corn and sugarcane, making it more environmentally friendly and sustainable compared to synthetic butyric acid. This increasing demand for renewable butyric acid is driven by the growing consumer preference for natural and organic products in the food and pharmaceutical industries.

However, there are certain restraints that could hinder the growth of the butyric acid market. One such restraint is the high volatility of raw material prices. The cost of raw materials used in the production of butyric acid, such as crude oil and corn, can fluctuate significantly, affecting the profitability of manufacturers. Moreover, stringent environmental regulations imposed by regulatory authorities regarding the production and usage of butyric acid could also pose challenges for market growth.

Despite these restraints, there are several opportunities for market expansion. One such opportunity is the growing demand from the pharmaceutical sector. Butyric acid has antimicrobial properties and is used in the production of various pharmaceutical products such as antibiotics, antiviral drugs, and anti-inflammatory drugs. The increasing prevalence of diseases and the demand for effective medications are driving the demand for butyric acid in the pharmaceutical sector.

Additionally, there is an increasing use of butyric acid in personal care products. Butyric acid is used in cosmetics and personal care products due to its fragrance-enhancing properties. The demand for personal care products, especially in emerging economies, is on the rise, presenting lucrative opportunities for butyric acid manufacturers.

In conclusion, the butyric acid market has witnessed recent market developments driven by increasing demand from the animal feed segment and the growing demand for renewable and natural products in the food & flavor and pharmaceutical sectors. However, challenges such as volatility in raw material prices and stringent regulations need to be addressed. Nevertheless, there are opportunities for market expansion in the pharmaceutical sector and the use of butyric acid in personal care products.

Report Coverage

Companies Covered
  • Perstorp Holding AB OQ Chemicals GmbH Eastman Chemical Company Palital Feed Additives B.V. Tokyo Chemical Industry Co.
  • Ltd. Snowco Merck KGaA Kemin Industries
  • Inc. Hefei TNJ Chemical Industry Co.
  • Ltd. Kunshan Odowell Co.
  • Ltd. Yufeng International Group Co.
  • Ltd.

Above list is not exhaustive, you can add required companies.
Segments Covered
  • Type
    • Synthetic
    • Renewable
  • End-use
    • Animal feed
    • Chemical intermediates
    • Pharmaceuticals
    • Food & flavors
    • Human dietary supplements

Segment can be customized. You can ask for customization.
Purchase Option Avail of customized purchase options to meet your exact research needs. Explore purchase options

Butyric Acid Report FAQ

The Butyric Acid market is expected to be worth USD XX billion in 2022, rising at a CAGR of XX percent to USD XX billion by 2030.
Globally established firms such as dominate the Butyric Acid market. To gain traction in this increasing Butyric Acid industry, these organisations focus on producing new goods, implementing expansion plans, and engaging in collaboration...
Butyric Acid Market production remained significantly disrupted by the COVID-19 pandemic. The global production of Butyric Acid pre-COVID was expected to grow from XX million units in 2020 to XX million units by 2025, with the major markets in the applicat...
When the lockdown Butyric Acid market is released, the market will make up for the losses it has sustained by 2024.
During the projection period, the worldwide Butyric Acid market is expected to see a significant growth in demand for residential applications.
The global Butyric Acid market is divided into three categories: type, application, and region.

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