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Global Butyric Acid Market by Type (Synthetic, Renewable), End-use (Animal Feed, Chemical Intermediates, Pharmaceuticals, Food & Flavors, Human Dietary Supplements), and Region (Asia-Pacific, North America, Europe, Rest of the World) - Forecast to 2027

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  • 157 Pages
  • September 2022
  • Region: Global
  • Markets and Markets
  • ID: 5663764

The Rise in Consumption of Processed Foods is Driving Demand

The global butyric acid market is projected to grow from USD 317 million in 2022 to USD 492 million by 2027, at a CAGR of 9.2% from 2022 to 2027. The growing animal feed segment, along with the rise in consumption of processed foods, is driving the market.

The synthetic butyric acid segment is projected to grow at the highest CAGR during the forecast period, in terms of volume

Butyric acid is generally produced industrially utilizing chemical synthesis from petrochemical feedstocks. A propylene feedstock is used in chemical synthesis because it is readily available, inexpensive, and majorly used in the petrochemical sector. The easy availability and low cost of manufacturing is expected to drive the segment.

The human dietary supplements segment is projected to grow at the highest CAGR during the forecast period, in terms of volume

Butyric acid is essential for improving digestive health, reducing inflammation, protecting the brain, controlling weight, and preventing cancer. The body's gut bacteria convert foods which one cannot digest into butyrate, which has a variety of positive health effects. Such characteristics of butyric acid is expected to drive the segment.

Asia-Pacific butyric acid market is projected to grow at the highest CAGR during the forecast period, in terms of volume

The Asia-Pacific butyric acid market is projected to grow at the highest CAGR during the forecast period. The countries in the region have substantial growth prospects for the butyric acid market because of factors such as increase in the purchasing power of the population and demand for protein-rich meat diets, thereby driving the butyric acid market in the region.

Research Coverage

The report defines the butyric acid market based on type, end-use, and region. It provides detailed information regarding the major factors influencing the growth of the market, such as drivers, restraints, opportunities, and industry-specific challenges. It strategically profiles key players and comprehensively analyzes their market shares and core competencies as well as tracks and analyzes competitive developments, such as new product launches, expansions, and partnerships undertaken by them in the market.

As a part of qualitative analysis, the research provides a comprehensive review of market drivers, restraints, opportunities, and challenges. It also discusses competitive strategies adopted by varied market players, such as Perstorp Holding AB (Sweden), OQ Chemicals GmbH (Germany), Eastman Chemical Company (US), Palital Feed Additives B.V. (The Netherlands), Tokyo Chemical Industry Co., Ltd. (Japan), Snowco (China), Merck KGaA (Germany), Kemin Industries, Inc. (US), Hefei TNJ Chemical Industry Co., Ltd. (China), Kunshan Odowell Co. Ltd. (China), and others.

Profile break-up of primary participants for the report:

  • By Company Type: Tier 1 - 65%, Tier 2 - 20%, and Tier 3 - 15%
  • By Designation: C-level Executives - 25%, Directors - 30%, and Others - 45%
  • By Region: North America - 20%, Europe - 15%, Asia-Pacific - 55%, South America - 7%, and Middle East & Africa - 3%

Reasons to Buy the Report

The report is expected to help the market leaders/new entrants in the market by providing them the closest approximations of revenue numbers of the butyric acid market and its segments. This report is also expected to help stakeholders obtain an improved understanding of the competitive landscape of the market, gain insights to improve the position of their businesses, and make suitable go-to-market strategies. It also enables stakeholders to understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.

Frequently Asked Questions about the Global Butyric Acid Market

What is the estimated value of the Global Butyric Acid Market?

The Global Butyric Acid Market was estimated to be valued at $317 Million in 2022.

What is the growth rate of the Global Butyric Acid Market?

The growth rate of the Global Butyric Acid Market is 9.2%, with an estimated value of $492 Million by 2027.

What is the forecasted size of the Global Butyric Acid Market?

The Global Butyric Acid Market is estimated to be worth $492 Million by 2027.

Who are the key companies in the Global Butyric Acid Market?

Key companies in the Global Butyric Acid Market include Central Drug House, Eastman Chemical Company, Hefei TNJ Chemical Industry Co. Ltd., Kemin Industries, Inc., Kunshan Odowell Co. Ltd., Merck KGaA, OQ Chemicals GmbH, Palital Feed Additives B.V., Perstorp and RX Chemicals.

Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered in the Report
1.3.2 Currency
1.4 Limitations
1.5 Stakeholders
1.6 Summary of Changes

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data Key Data from Secondary Sources
2.1.2 Primary Data Key Data from Primary Sources Breakdown of Primary Interviews
2.2 Market Sizing and Forecasting
2.2.1 Top-Down Approach
2.2.2 Bottom-Up Approach
2.2.3 Market Crackdown and Data Triangulation
2.3 Market Share Estimation
2.4 Assumptions

3 Executive Summary4 Premium Insights
5 Market Overview
5.1 Introduction
5.1.1 Market Dynamics
5.1.2 Drivers
5.1.3 Restraints
5.1.4 Opportunities
5.1.5 Challenges

6 Industry Trends
6.1 Value Chain Analysis
6.2 Ecosystem
6.3 Porter's Five Forces Model
6.4 Pricing Analysis
6.4.1 Average Selling Price Trend
6.4.2 Average Selling Price of Key Players
6.5 Tariff and Regulatory Landscape
6.6 Patent Analysis
6.7 Case Study Analysis
6.8 Technology Analysis
6.9 Trade Data
6.10 Key Stakeholders & Buying Criteria
6.10.1 Key Stakeholders in Buying Process
6.10.2 Buying Criteria

7 Butyric Acid Market, by Type
7.1 Introduction
7.2 Synthetic
7.3 Renewable

8 Butyric Acid Market, by End-use
8.1 Introduction
8.2 Animal Feed
8.3 Chemical Intermediate
8.4 Food & Flavors
8.5 Pharmaceutical
8.6 Human Dietary Supplements
8.7 Others

9 Butyric Acid Market, by Region
9.1 Introduction
9.2 Asia-Pacific
9.2.1 China
9.2.2 India
9.2.3 Others
9.3 Europe
9.3.1 Germany
9.3.2 France
9.3.3 Italy
9.3.4 Others
9.4 North America
9.4.1 US
9.4.2 Others
9.5 Rest of World
9.5.1 Middle East and Africa
9.5.2 South America

10 Competitive Landscape
10.1 Introduction
10.2 Key Players Strategies
10.3 Revenue Analysis of Top 5 Market Players
10.4 Market Share Analysis
10.5 Company Evaluation Quadrant, 2021
10.5.1 Stars
10.5.2 Emerging Leaders
10.5.3 Pervasive Players
10.5.4 Participants
10.6 Start-up/SME Evaluation Matrix, 2021
10.6.1 Progressive Companies
10.6.2 Dynamic Companies
10.6.3 Responsive Companies
10.6.4 Starting Blocks
10.7 Competitive Benchmarking
10.8 Competitive Scenario

11 Company Profiles
(Business Overview, Products Portfolio, Recent Developments, Analyst's View)*
11.1 Perstorp
11.1.1 Business Overview
11.1.2 Products & Services
11.1.3 Recent Developments
11.1.4 Analyst's View
11.2 Eastman Chemical Company
11.3 Tokyo Chemical Industry Co. Ltd.
11.4 Snowco
11.5 OQ Chemicals GmbH
11.6 Merck KGaA
11.7 Kemin Industries, Inc.
11.8 Palital Feed Additives B.V.
11.9 Hefei TNJ Chemical Industry Co. Ltd.
11.10 Kunshan Odowell Co. Ltd.
11.11 Yufeng International Group Co. Ltd.
11.12 Central Drug House
11.13 Spectrum Chemical
11.14 RX Chemicals
11.15 Sisco Research Laboratories Pvt. Ltd.

12 Appendix
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Related Reports
Note: E=Estimated, F=Forecasted
*Details on Business Overview, Product Offerings, Recent Developments, Analyst's View Might Not be Captured in Case of Unlisted Companies

Executive Summary

Companies Mentioned

  • Central Drug House
  • Eastman Chemical Company
  • Hefei TNJ Chemical Industry Co. Ltd.
  • Kemin Industries, Inc.
  • Kunshan Odowell Co. Ltd.
  • Merck KGaA
  • OQ Chemicals GmbH
  • Palital Feed Additives B.V.
  • Perstorp
  • RX Chemicals
  • Sisco Research Laboratories Pvt. Ltd.
  • Snowco
  • Spectrum Chemical
  • Tokyo Chemical Industry Co. Ltd.
  • Yufeng International Group Co. Ltd.