Global Butyric acid Market
The Global Butyric acid Market was valued at US$ 190 Mn in 20 and expected to reach US$ 622.8 Mn by 2026, at a CAGR of 15.9% during the forecast period.
The report includes the analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Butyric acid is an organic compound and one of the carboxylic acids which is largely obtained from propylene by employing various processes, for example, Oxo-synthesis. Butyric acid is a volatile fatty acid that can be used as a flavoring agent. It has a fruity or cheesy flavor and is mainly found in dairy products.
Salts and esters of butyric acid are known as butyrates or butanoates. Butyric acid is found in animal fat and plant oils, bovine milk, breast milk, butter, parmesan cheese, and as a product of anaerobic fermentation (including in the colon and as body odor).
The global butyric acid market is witnessing growth owing to the increasing demand from its applications, such as animal feed, chemical intermediate, food & Flavors, pharmaceuticals, perfumes, and others.
Butyric acid is considered the most efficient energy source for intestinal cells, causing it to become a major raw material for animal feeds, especially for poultry and swine.
The animal feed segment is projected to be the fastest-growing end-user application of the butyric acid market during the forecast period. The second biggest application segment is the chemicals intermediate segment.
The synthetic butyric acid segment is the most popular type in the butyric acid market. In poultry and swine, reduced usage of antibiotics in animal feed and a preference for synthetic butyric acid in food & flavor and pharmaceutical sectors.
The major driver in the market is rising demand from various end-user industries and a ban on the consumption of antibiotics in animal feed in some countries.
The Asia Pacific is the largest and fastest-growing market. India and China are the two major countries for market growth. Due to the rising demand for meat, and food & flavours, increasing concerns for animal care.
The future growth of the industry would be increased by the investments in animal feed and chemical industry in Asia-Pacific and North America.
The key companies profiled in the Global Butyric Acid Market Report are Oxea Gmbh, Eastman Chemical Company, Perstorp Holding Ab, Blue Marble Biomaterials, Tokyo Chemical Industry Co., Ltd. and Beijing Huamaoyuan Fragrance Flavor Co., Ltd.
The report covers the total market for Butyric Acid has been analyzed based on the Porter's five forces model. The impact of the different market factors, such as drivers, restraints, and opportunities, challenges key issues SWOT analysis, and technology forecasting is also illustrated in the report. This gives an idea about the key drivers, such as high growth and demand in emerging economies countries.
Scope of Butyric Acid Market:
Global Butyric Acid Market, by Type
• Synthetic Butyric Acid
• Renewable Butyric Acid
Global Butyric Acid Market, by Application
• Animal Feed
• Chemicals Intermediate
• Food & Flavors
• Pharmaceuticals
• Perfumes
• Others
Global Butyric Acid Market, by Region
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• South America
Key Players Operating in the Global Butyric Acid Market:
• Oxea Gmbh
• Eastman Chemical Company
• Perstorp Holding Ab
• Blue Marble Biomaterials
• Tokyo Chemical Industry Co., Ltd.
• Beijing Huamaoyuan Fragrance Flavor Co., Ltd.
For More Information Visit @:https://www.maximizemarketresearch.com/market-report/global-butyric-acid-market/22625/
This Report Is Submitted By :Maximize Market Research Company
Customization of the report:
Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
