As per this study the Global Butyric Acid Market was valued USD XX MN (by revenue) in 2019 and is anticipated to reach USD XX MN by 2026 with a CAGR of XX%. By volume, the market was estimated XX KT in 2019 and is expected to reach XX KT by 2026 with a CAGR of XX%.
Butyric acid is a colorless liquid in appearance and is soluble in water. It has an unpleasant smell and bitter taste, similar to ether. Butyric acid is found in milk, especially goat, sheep and buffalo milk, butter, parmesan cheese, and even in a product of anaerobic fermentation. It is also found in the colons through the bacterial fermentation of carbohydrates like dietary fiber. Besides, it is formed in animal fats and plant oils as esters.
Butyric acid-based foods and flavors are gaining popularity from past few years owing to the health benefits it offers over its substitutes. Also, rising demand for meat, and food & flavors, along with the rising concerns over animal care. Additionally, growing animal feed industry is expected to grow the application of butyric acid even further. Moreover, growing application of butyric acid in chemicals intermediate segment which is further likely to add impetus growth to the market. Conversely, unpleasant smell of butyric acid is the major cause limiting the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of butyric acid.
The broad butyric acid market has been sub-grouped into type and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Synthetic Butyric Acid
- Renewable Butyric Acid
- Animal Feed
- Chemical Intermediate
- Food and Flavor
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for butyric acid in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Butyric Acid Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the butyric acid market includes Eastman Chemical Company, Snowco Industrial Co. Ltd., Oxea GmbH, Perstorp Holding AB, Beijing Huamaoyuan Fragrance Flavor Co. Ltd., and Tokyo Chemical Industry Co. Ltd. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.