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Butyric Acid Market Size
Butyric Acid Market size exceeded USD 175 Million in 2020 and is estimated to grow at over 13.2% CAGR between 2021 and 2027 owing to increasing demand for butyric acid in food and pharmaceutical industries. Rising demand for speciality chemicals in several end use industries like food & beverages is likely to propel market growth of butyric acid across the globe.
In the recent past years, butyric acid has immense demand in pharmaceutical industry as intermediate. In addition to these, prevalence of health issue such as obesity, diabetes, anxiety and other chronic diseases coupled with favourable healthcare regulations are providing favourable growth to the butyric acid market.
Further, intensifying demand for precursor to biofuels is supporting the butyric acid market growth. Research and development activities has been focused on alternative fuel sources owing to abrupt increase in the petroleum price and growing demand for clean energy sources. Thus, biofuels offer several environmental benefits like reduction of greenhouse emissions and sustainability. Additionally, biofuels are anticipated to one of the most prominent sources for replacing gasoline in the future.
| Report Attributes | Details |
|---|---|
| Base Year: | 2020 |
| Market Size in 2020: | 178.1 (USD) Million |
| Forecast Period: | 2021 to 2027 |
| Historical Data for: | 2016 to 2020 |
| No. of Pages: | 165 |
| Tables, Charts & Figures: | 197 |
| Segments covered: | By Type and Application |
| Growth Drivers: | North America :
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| Pitfalls & Challenges: |
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Bio butanol is used as industrial solvents and offers certain advantages over ethanol in transportation fuels. Bio Butanol which is most used as the industrial solvents and offers certain benefits over ethanol in transportation fuels is majorly used as industrial solvents and offering certain benefits especially over ethanol in transportation fuels. These listed factors are attributing towards the increasing the butyric acid market demand in biofuels.
Butyric Acid Market Analysis
Cosmetic application is projected to surpass 17.5 million USD by the end of 2027 as it consists of methyl butyrate which has very pleasant. Thus, it is used in the perfume additives. Rising living standard of individuals has increases the demand for luxurious goods like cosmetic products is also attributing towards butyric acid market share. In addition to these, key manufacturers are also investing in the research and development activities in order to launch other cosmetic products such as soaps, shower gels and others. This caught the attention of several manufacturers, that has resulted in increased competition and product development.
There has been a sustainable shift in consumer preferences, and it has been witnessed that millennials are eager to try new & more exotic perfumes or other cosmetic products. Willingness of such consumers to try out new & innovative products by paying premium prices is expected to create surplus opportunity in the butyric acid market.
Global renewable type segment is likely to grow to over USD 225 million by the end of 2027 owing to increasing consumers inclination towards biobased products is witnessing the favourable growth to the butyric acid market. Since, renewable butyric acid is produced from natural products such as corn husk, sugar and other natural sources. Thus, “move to natural” trends are supporting the market growth.
Furthermore, low-cost biomass in fermentation is also creating lucrative growth opportunity. Nowadays, renewable butyric acid also highly preferable in food & beverage industry for additive and flavouring. These listed factors are propelling the butyric acid market value and anticipated to remain significant over the forecast period.
Animal feed application segment is likely to surpass by USD 105 million by the end of 2027 owing to increasing infectious disease in animals. As butyric acid-based feed additive helps to protect broiler chicken from salmonella enteritidis infection. In addition, to these, butyric acid helps to improve intestinal health and performance in swine and poultry. Thereby, butyric acid has massive demand in the animal feed industry.
Moreover, increasing per capita income in India and China coupled with improving lifestyle has led to a high demand for superior quality meat, resulting in the livestock industry growth. In addition, an increasing awareness of livestock diseases has led to the adoption of better animal nutrition practices, which are factors expected to play major role in driving the butyric acid-based animal nutrition demand. These listed factors have shown optimistic growth impact on the butyric acid market value from animal feed application.
North America should exceed USD 90 Million by 2027 owing to increasing its usage in pharmaceutical industry as it aids in weight reduction and also cure cancer. Since, butyric acid has short chain fatty acid that regulate the balance between fatty acid synthesis as well as breakdown the fats. Thus, increasing consumer focus on maintaining fitness and regulating body weight due to changes in lifestyles and eating habits has positively influenced the butyric acid market revenue for fortified products.
Further, change in lifestyle and eating habits of individuals has led to many health issues such as indigestion, gastric, and irritable bowel syndrome. This has uplifted the product demand, as it helps to keep the gut lining sealed and heathy and improves gut health.
Butyric Acid Market Share
Global butyric acid industry is fragmented, and key players include:
- OXEA GmbH
- Beijing Huamaoyuan Fragrance Flavor Co., ltd
- Perstorp Holding AB
- Dmitrievsky Chemical Plant
- Eastman Chemical Company
- Tokyo Chemical Industry Co. Ltd
- Blue Marble Biomaterials
- Snowco industrial Co., Ltd
- Alfa Aesar GmbH & CO KG
Moreover, other small manufacturers are also showing keen interest in the market owing to its wide array of application in many of the end use industry such as pharmaceutical, food & beverage, and chemical. In addition, manufacturers are also engaged in several activities to strengthen its position in the market.
On 26th May 2017. Oxea GmbH has raised its carboxylic acids production facility in Germany and strengthen its market position. Through this the company has enhanced the production short-chain fatty acids such as isobutyric acid, butyric acid and propionic acid. These listed products are mostly used in the animal feed industry, as it is used as building blocks for feed materials.
Butyric acid market report includes in-depth coverage of the industry with estimates & forecast in terms of volume (Kilo Tons) and revenue in USD (Million) from 2016 to 2027 for the following segments:
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By Type
- Synthetic
- Renewable
By Application
- Pharmaceuticals
- Biofuel
- Food Additive & Flavoring
- Animal Feed
- Cosmetic
- Plasticizer
- Leather Tanning
- Others
The above information has been provided for the following regions:
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Russia
- Spain
- Poland
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Malaysia
- Thailand
- Australia
- Latin America
- Brazil
- Argentina
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
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