Butyric Acid Market size worth over USD 405 million by 2027
Published Date: March 24, 2021 Authors: Kunal Ahuja, Kritika Mamtani
According to a new research report by Global Market Insights Inc., the Butyric Acid Market size is set to surpass USD 405 Million by 2027.
The rapid adoption of chemical and favourable government favourable polices has increases the demand for butyric acid in various sector which includes food, pharmaceutical, cosmetic and others. Growing demand for natural products amongst consumers are one of the defining reasons that fueling the butyric acid market share as it is produced from renewable resources like corn husk, oxidation of sugar and others.
Moreover, Butyric acid is also used in antibiotics treatments and infection that cause depletion of the clostridial bacteria. Also, it is used on many crops and ornamentals in order to promote growth of plants. These listed factors are fueling the butyric acid market growth across the globe.
Increasing usage of butyric acid as additive should stimulate market demand from food additive & flavoring application
Global butyric acid market from food additive & flavoring application is projected to gain traction with the CAGR of 12.5% over the forecast period. Butyric acid is used as a pure acid form in food flavors and as additive for increasing fruit fragrance. Growing consumers eager to try out different flavors are one of the defining reasons which supports the market growth from food additive & flavoring application. Fruit flavored food products are highly preferred amongst young consumers as well old population, which in turn is increasing the demand for butyric acid in food & beverage industry.
Browse key industry insights spread across 165 pages with 182 market data tables and 15 figures & charts from the report, Global Butyric Acid Market By Type (Synthetic, Renewable), By Application (Pharmaceutical, Biofuel, Food Additive & Flavoring, Animal Feed, Cosmetic, Plasticizer, Leather Tanning), Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027” in detail along with the table of contents:
Abrupt Demand for Disinfectants Creates Lucrative Growth Opportunities from Synthetic Butyric Acid Type
Global butyric acid market from synthetic segment is anticipated to witness significant growth during the forecast period with the CAGR of 12 % by the end of 2027. Rapid spread of infectious disease like COVID-19 has immensely increases the demand for disinfectant. In the past few months rising hyenine concern among consumers has spur the demand for disinfectant business across the globe.
Government and other regulatory bodies are aiming on accelerating the supply of healthcare essentials which includes disinfectant and hand sanitizers, to among other products, to consumers, to keep them safe. Furthermore, the outbreak of the COVID-19 pandemic has resulted in a sudden rise in the demand for pharmaceutical formulations, thus promoting the demand for butyric acid as intermediate for pharmaceutical production and boosting the butyric acid market growth.
“As per industry forecast, synthetic type is stipulated to surpass USD 180 Mn by the end of 2027, owing to increasing its usage for disinfectants and pharmaceutical products.”
Asia Pacific Market Is Gaining Traction Owing to Increasing Demand of Animal Feed
Asia Pacific industry share is anticipated to exceed by USD 160 million by the end of 2026 due to abrupt demand for butyric acid in animal feed. It is used in the for of fat-coated calcium or sodium butyrate in commercial poultry production, in order to reduce feed conversion and improve body weight gain. Presence of major agricultural and livestock countries such as India, China, Thailand and others has uplifted the demand for butyric acid in animal feed industry and Pharmaceutical. This is one of the major reasons that supporting the butyric acid market value in the region.
Significant growth and demand for food and beverage industry in the region is projected to encourage market growth. China is one of the largest producers of chemicals with the presence of major manufacturers Yufeng International Co.,Ltd, China Supplier - Gold Member Audited SuppliersHunan Insen Biotech Co., and others.
“As per industry forecasts, Asia Pacific is likely to grow with CAGR of over 13.5 % by the end of 2027 owing to increasing its usage to promote animal health and production”
Key players in butyric acid industry are also investing in research and development activities as it finds wide array of application in food & beverage, pharmaceutical and other chemical industry. Some of the manufacturers operating in the market are 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.