Butyric Acid Market Growth, Trends, Share, Demand, Future Opportunities 2022-2032
Butyric Acid Market Size- By Type, By Application, By End-Use, By Derivatives - Regional Outlook, Competitive Strategies and Segment Forecast to 2032
| Published: Dec-2022 | Report ID: CHEM2227 | Pages: 1 - 225 | Formats*: |
| Category : Chemical & Materials | |||
Global Butyric Acid Market Overview
According to SPER Market Research, the Global Butyric Acid Market is estimated to reach USD 0.78 billion by 2032 with a CAGR of 9.4%.
Growing demand for renewable butyric acid in the food, flavour and pharmaceutical sectors is expected to drive butyric acid over the forecast years. Also, increasing demand for processed foods due to changing consumer trends and rising meat consumers are expected to boost the market in the coming year.In addition, bans on the use of antibiotics in animal feed in some countries and increased demand in end-use industries are expected to boost the market during the forecast period. There are certain limitations and challenges that may hinder market growth. Factors such as raw material fluctuations and associated health risks, and the unpleasant odour of butyric acid can have a disincentive effect on the market.
Impact of COVID-19 on the Global Butyric Acid Market
The outbreak of the COVID-19 pandemic has had three major impacts on the global butyric acid market. It directly impacted production and demand, caused disruptions in supply he chains and markets, and had economic impacts on business and financial markets. The outbreak had far-reaching effects, including flight cancellations, travel bans and quarantines, restaurant closures, and restrictions on all indoor events. A state of emergency declared in over 40 countries, a massive slowdown in supply chain. Stock market volatility, declining business confidence, growing public panic, and uncertainty about the future. This has impacted the butyric acid market.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Type, By Application, By End-Use, By Derivatives |
| Regions covered | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Companies Covered | Advanced Biotech, Aldon Corporation, Augustus Oils Ltd., Axxence Aromatic Gmbh, Celanese Corporation, Consolidated Chemical & Solvents Llc, Eastman Chemical Company, Elie Health Solutions, Ennolys, Green Biologics Limited, Hefei Tnj Chemical Industry Co., Ltd., Kemin Industries, Inc., Merck Kgaa, Nutrients Scientific, Oxea Gmbh, Perstorp Holding Ab, Snowco Industrial, Thermo Fisher Scientific, Tokyo Chemical Industry Co., Ltd., Treatt Plc, Vigon International, Weifang Qiyi Chemical Co., Ltd, Yufeng International Co., Ltd, Zhonglan Industry Co., Ltd. |
Key Audience
- Biofuels
- Poultry
- Swine
Global Butyric Acid Market Segmentation:
1. By Type:
- Synthetic
- Renewable
2. By Application:
- Pharmaceutical
- Biofuel
- Food Additive & Flavouring
- Animal Feed
- Plasticizer
- Leather Tanning
3. By End-Use:
- Enhancing Gut Health and Performance of Animals
- Chemical Intermediates
- Food & Flavors
- Pharmaceuticals
- Human Dietary Supplements
4. By Derivatives:
- Sodium Butyrate
- Calcium Butyrate
5. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- South America
- Size of Global Butyric Acid Market(FY’2019-FY’2032)
- Overview of Global Butyric Acid Market
- Segmentation of Global Butyric Acid Market ByType (Synthetic, Renewable)
- Segmentation of Global Butyric Acid MarketBy Application (Pharmaceutical, Biofuel, Food Additive & Flavouring, Animal Feed, Plasticizer, Leather Tanning)
- Segmentation of Global Butyric Acid MarketByEnd-Use (Enhancing Gut Health And Performance Of Animals, Chemical Intermediates, Food & Flavors, Pharmaceuticals, Human Dietary Supplements)
- Segmentation of Global Butyric Acid Market ByDerivatives (Sodium Butyrate, Calcium Butyrate
- Statistical Snap of Global Butyric Acid Market
- Growth Analysis of Global Butyric Acid Market
- Problems and Challenges in Global Butyric Acid Market
- Competitive Landscape in the Global Butyric Acid Market
- Impact of COVID-19 and Demonetizationon Global Butyric Acid Market
- Details on Recent Investment in Global Butyric AcidMarket
- Competitive Analysis of Global Butyric Acid Market
- Major Players in the Global Butyric Acid Market
- SWOT Analysis of Global Butyric Acid Market
- Global Butyric Acid Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data2.1.2 Primary data2.1.3 SPER’s internal database2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Butyric Acid Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL analysis
5.2.1. Political landscape5.2.2. Economic landscape5.2.3. Social landscape5.2.4. Technological landscape5.2.5. Environmental landscape5.2.6. Legal landscape
5.3. PORTER’S five forces analysis
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of Buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Butyric Acid Market Manufacturing Base Distribution, Sales Area, Product Type6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Butyric Acid Market
7. Global Butyric Acid Market, By Type, 2019-2032 (USD Million)
7.1 Synthetic7.2 Renewable
8. Global Butyric Acid Market, By Application, 2019-2032 (USD Million)
8.1 Pharmaceutical8.2 Biofuel8.3 Food Additive & Flavouring8.4 Animal Feed8.5 Plasticizer8.6 Leather Tanning
9. Global Butyric Acid Market, By End-Use, 2019-2032 (USD Million)
9.1. Enhancing Gut Health and Performance of Animals9.2. Chemical Intermediates9.3. Food & Flavors9.4. Pharmaceuticals9.5. Human Dietary Supplements
10. Global Butyric Acid Market, By Derivatives, 2019-2032 (USD Million)
10.1. Sodium Butyrate10.2. Calcium Butyrate
11. Global Butyric Acid Market, By Region, 2019-2032 (USD Million)
11.1. Global Butyric Acid Size and Market Share by Region (2019-2025)11.2. Global Butyric Acid Size and Market Share by Region (2026-2032)11.3. Asia-Pacific
11.3.1. Australia11.3.2. China11.3.3. India11.3.4. Japan11.3.5. South Korea11.3.6. Rest of Asia-Pacific
11.4. Europe
11.4.1. France11.4.2. Germany11.4.3. Italy11.4.4. Spain11.4.5. United Kingdom11.4.6. Rest of Europe
11.5. Middle East & Africa
11.5.1. Kingdom of Saudi Arabia11.5.2. United Arab Emirates11.5.3. Rest of Middle East & Africa
11.6. North America
11.6.1. Canada11.6.2. Mexico11.6.3. United States
11.7. South America
11.7.1. Argentina11.7.2. Brazil11.7.3. Rest of South America
11.7.4.
12. Company Profiles
12.1. Advanced Biotech
12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments
12.2. Aldon Corporation
12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments
12.3. Augustus Oils Ltd.
12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments
12.4. Axxence Aromatic Gmbh
12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments
12.5. Celanese Corporation
12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments
12.6. Consolidated Chemical & Solvents Llc
12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments
12.7. Eastman Chemical Company
12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments
12.8. Elie Health Solutions
12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments
12.9. Ennolys
12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments
12.10. Green Biologics Limited
12.10.1. Company details12.10.2. Financial outlook12.10.3. Product summary12.10.4. Recent developments
12.11. Hefei Tnj Chemical Industry Co., Ltd.
12.11.1. Company details12.11.2. Financial outlook12.11.3. Product summary12.11.4. Recent developments
12.12. Kemin Industries, Inc.
12.12.1. Company details12.12.2. Financial outlook12.12.3. Product summary12.12.4. Recent developments
12.13. Merck Kgaa
12.13.1. Company details12.13.2. Financial outlook12.13.3. Product summary12.13.4. Recent developments
12.14. Nutrients Scientific
12.14.1. Company details12.14.2. Financial outlook12.14.3. Product summary12.14.4. Recent developments
12.15. Oxea Gmbh
12.15.1. Company details12.15.2. Financial outlook12.15.3. Product summary12.15.4. Recent developments
12.16. Perstorp Holding Ab
12.16.1. Company details12.16.2. Financial outlook12.16.3. Product summary12.16.4. Recent developments
12.17. Snowco Industrial
12.17.1. Company details12.17.2. Financial outlook12.17.3. Product summary12.17.4. Recent developments
12.18. Thermo Fisher Scientific
12.18.1. Company details12.18.2. Financial outlook12.18.3. Product summary12.18.4. Recent developments
12.19. Tokyo Chemical Industry Co., Ltd.
12.19.1. Company details12.19.2. Financial outlook12.19.3. Product summary12.19.4. Recent developments
12.20. Treatt Plc
12.20.1. Company details12.20.2. Financial outlook12.20.3. Product summary12.20.4. Recent developments
12.21. Vigon International
12.21.1. Company details12.21.2. Financial outlook12.21.3. Product summary12.21.4. Recent developments
12.22. Weifang Qiyi Chemical Co., Ltd
12.22.1. Company details12.22.2. Financial outlook12.22.3. Product summary12.22.4. Recent developments
12.23. Yufeng International Co., Ltd
12.23.1. Company details12.23.2. Financial outlook12.23.3. Product summary12.23.4. Recent developments
12.24. Zhonglan Industry Co.,Ltd
12.24.1. Company details12.24.2. Financial outlook12.24.3. Product summary12.24.4. Recent developments
13. List of Abbreviations
14. Reference Links
15. Conclusion
16. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
The Butyric Acid Market is projected to reach USD 0.78 billion by 2032, growing at a CAGR of 9.4% during the forecast period.
The Butyric Acid Market grew in market size from 2021. The Market is expected to reach USD 0.78 billion by 2032, at a CAGR of 9.4% during the forecast period.
The Butyric Acid Market CAGR of 9.4% during the forecast period.
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The Butyric Acid Market size is USD 0.78 billion from 2022 to 2032.
The Butyric Acid Market segment is Covered By Type, By Application, By End-Use, By Derivatives.
The North America and Europe region is anticipated to have the highest market share in the Butyric Acid Market.
The key players in the market include Companies Covered Advanced Biotech, Aldon Corporation, Augustus Oils Ltd., Axxence Aromatic Gmbh, Celanese Corporation, Consolidated Chemical & Solvents Llc, Eastman Chemical Company, Elie Health Solutions, Ennolys, Green Biologics Limited, Hefei Tnj Chemical Industry Co., Ltd., Kemin Industries, Inc., Merck Kgaa, Nutrients Scientific, Oxea Gmbh, Perstorp Holding Ab, Snowco Industrial, Thermo Fisher Scientific, Tokyo Chemical Industry Co., Ltd., Treatt Plc, Vigon International, Weifang Qiyi Chemical Co., Ltd, Yufeng International Co., Ltd, Zhonglan Industry Co., Ltd.
There are certain limitations and challenges that may hinder market growth. Factors such as raw material fluctuations and associated health risks, and the unpleasant odour of butyric acid can have a disincentive effect on the market.
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