Maximize Market Research's latest report, " Global Butyric Acid Market Global Demand Analysis and Opportunity Outlook 2027", offers a comprehensive analysis of the market. It provides market segments by type and shape, as well as end-user industries and regions.
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.
Global Butyric Acid Market Overview
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.
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Global Butyric Acid Market Major Market Players
• Oxea Gmbh
• Eastman Chemical Company
• Perstorp Holding Ab
• Blue Marble Biomaterials
• Tokyo Chemical Industry Co., Ltd.
• Beijing Huamaoyuan Fragrance Flavor Co., Ltd.
• Zhonglan Industry Co.,Ltd.,
• Weifang Qiyi Chemical Co., Ltd.,
• ELiE Health Solutions,
• Kemin Industries, Inc,
• OXEA GmbH,
• Advanced Biotech,
• Hefei TNJ Chemical Industry Co.,Ltd.,
• Vigon International,
• Green Biologics Limited,
The Market Impact of COVID-19
The COVID-19 epidemic has quickly spreaded since its inception in Wuhan (China), in December 2019.
All around the globe. As of March 2020, the US and China were the most affected. The COVID-19 crisis has had a significant impact on many countries, resulting in travel bans or lockdowns. Industries. This outbreak has severely affected the global food and beverage industries.
This includes office closures, cancellations of technology events, and supply chain disruptions. China is the world's largest manufacturing country and has the largest number of raw material suppliers. COVID-19 has an adverse effect on overall production because it closes factories and creates supply chain challenges. Market growth.
Segmentation of Global Butyric Acid Market by Types and Applications:
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
The report has covered the market size by country (regions) for the global Butyric Acid market. Segment by Application. The Butyric Acid Market is divided into the North America Europe, ASIA Pacific, Middle East & Africa. The report also includes market size estimates by region. 2019-2027 Forecasts and market size for each type and segment are included. Sales and revenue are included for the period 2019-2027.
Analysis of the Butyric Acid Market Share and Competitive Landscape:
This report provides a detailed analysis of the Global Butyric Acid Market for all stakeholders. . It also contains historical and forecasted market size information. Trends are also included in the report. The report is simple and simplifies complicated data using simple language. This report includes information on all aspects of the industry, as well as key players like market leaders, followers and new entrants. The report includes a PORTER, SVOR and a PESTEL analysis. The report also analyzes the potential market impact of microeconomic variables. This report examines both internal and external factors that can have a positive or negative effect on the business. This report will provide a clear view of the industry for decision-makers.
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