The global demand for Butyric Acid Derivatives Market is presumed to reach the market size of nearly USD 1298.44 MN by 2028 from USD 747.88 MN in 2021 with a CAGR of 8.2% under the study period 2022 - 2028.
Butyric Acid derivatives are salts or esters of butanoic acid. Some of the butyric acid derivatives are magnesium butyrate, calcium butyrate, and tributyrin. Sodium and calcium butyrate is the most common butyrates found in animal feed. Butyric acid derivatives are used in various industries, including animal feed, food, pharmaceuticals, and the perfume and fragrance business. Butyric acid derivatives provide several advantages, including improved gastrointestinal health, which aids in more significant metabolism and digestion and the avoidance of animal illnesses and infections. These characteristics guarantee that animals are healthy and produce more meat.
Market Dynamics
The Butyric Acid Derivatives Market demand is projected to be driven by a shift in meat-eating habits in western regions from antelope meat and beef to pork and poultry. The market growth of butyric acid derivatives is expected to rise because of improved living standards. As consumers transition away from beef and ruminant meat toward poultry and pork, demand for Butyric Acid Derivatives and other feed additives is likely to rise. Furthermore, the growing demand for butyric acid derivatives will drive the desire to reduce meat's strong odor. The food and flavor industry and the pharmaceutical industry are driving up demand for renewable butyric acid. In addition, therapeutic use of butyric acid derivatives to promote antigen-explicit T cell inactivation will boost market growth over the projection period. One of the significant factors driving Butyric Acid Derivatives Market sales from plasticizer applications is the rising demand for beautiful packing items. Due to rapid industrialization, growing food and beverage sectors, and rising demand for flavoring additives, the market is expected to expand.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of butyric acid derivatives. The growth and trends of butyric acid derivatives industry provide a holistic approach to this study.
Market Segmentation
This section of the butyric acid derivatives market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Source
- Renewable Butyric Acid
- Synthetic Butyric Acid
By Animal Feed
- Swine
- Poultry
- Others (Including Duck, Pigeon, Turkey, And Fish)
By Product
- Calcium Butyrate
- Sodium Butyrate
- Others (Including Potassium Butyrate And Magnesium Butyrate)
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Butyric Acid Derivatives market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Butyric Acid Derivatives Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the butyric acid derivatives market include Perstorp Holdings AB, Innovad, Nutreco N.V., Koninklijke DSM N.V., Eastman Chemical Company, Kemin Industries Inc., Bioscreen Technologies S.R.L, Palital GmbH & Co., Shanghai Kayi Chemical Co. Ltd., SNOWCO, Thermo Fisher Scientific, Tokyo Chemical Industry Co. Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.