+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Butyric Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

  • PDF Icon

    Report

  • 150 Pages
  • October 2023
  • Region: Global
  • IMARC Group
  • ID: 5682482

Quick Summary:

In an increasingly versatile commercial landscape, an understanding of the global butyric acid market serves as a versatile tool for strategic decision-making. Butyric acid, a colorless carboxylic acid found in animal fats, vegetable oils, dairy products and fermented carbohydrates, provides a wealth of applications across various industries. These range from the creation of pharmaceutical drugs and animal feed, through to the manufacturing of biofuels, perfume products, and food flavorings.

With burgeoning growth in the global pharmaceutical industry, the utility and demand for butyric acid have likewise expanded. Its use in the production of drugs for weight management, cancer, and irritable bowel syndrome (IBS) illustrates its considerable impacts on health and wellness sectors. Additionally, butyric acid’s role in enhancing nutritional content of animal feeds and in developing sustainable biofuels signposts its contribution towards sustainable and clean energy source production. By gaining insights from this market research report, you can leverage this knowledge towards more informed and strategic business decisions, ensuring your alignment with the latest market trends and demands.

The global butyric acid market size reached US$ 205.6 Million in 2022. Looking forward, the analyst expects the market to reach US$ 453.7 Million by 2028, exhibiting a growth rate (CAGR) of 13.9% during 2023-2028.

Butyric, or butanoic, acid refers to a colorless carboxylic acid that is formed by the bacterial fermentation of carbohydrates and dietary fiber. It is also found in animal fats, vegetable oils, milk, butter and cheese. It is industrially manufactured by the chemical synthesis of petroleum-based feedstocks as well as by the fermentation of starch or sugar in a mixture of putrefying cheese and calcium carbonate and can be further used as a precursor to manufacture various biofuels. Thus, it exhibits various advantageous properties, such as cost-effectiveness, sustainability and minimal greenhouse gas emissions. Owing to these, butyric acid finds extensive applications across various industries including, animal feed, pharmaceuticals, chemical intermediates, perfume products and food and beverage.

Significant growth in the pharmaceutical industry across the globe is one of the key factors creating a positive outlook for the market. Butyric acid is used for manufacturing pharmaceutical drugs that aid in weight management and treating cancer and irritable bowel syndrome (IBS). Furthermore, the increasing utilization of butyric acid for enhancing the nutritional content in animal feed is also providing a boost to the market growth. It aids in improving the gastrointestinal health and preventing microbial infections and ailments in pigs, poultry, fishes and cattle. Additionally, increasing product application in the development of biofuels, which are rapidly replacing traditionally used gasoline and other fuel alternatives, is contributing to the market growth. Other factors, including the growing demand for renewable butyric acid and clean energy sources, along with the increasing usage of butyric acid in food processing and manufacturing flavorings, are projected to drive the market further.

Key Market Segmentation

The report provides an analysis of the key trends in each sub-segment of the global butyric acid market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, derivative and application.

Breakup by Type:

  • Synthetic
  • Bio-based

Breakup by Derivative:

  • Sodium Butyrate
  • Calcium Butyrate
  • Others

Breakup by Application:

  • Animal Feed
  • Chemical Intermediate
  • Food and Flavor
  • Pharmaceutical
  • Perfume
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape

The report has also analysed the competitive landscape of the market with some of the key players being Blue Marble Biomaterials LLC (Socati Corporation), Eastman Chemical Company, OQ Chemicals, Perstorp Holding AB, Snowco Industrial Co. Ltd., Thermo Fisher Scientific Inc., Tokyo Chemical Industry Co. Ltd., Axxence Aromatic GmbH, Kemin Industries Inc., Zhonglan Industry Co. Ltd., etc.

Key Questions Answered in This Report

1. What was the size of the global butyric acid market in 2022?
2. What is the expected growth rate of the global butyric acid market during 2023-2028?
3. What has been the impact of COVID-19 on the global butyric acid market?
4. What are the key factors driving the global butyric acid market?
5. What is the breakup of the global butyric acid market based on the type?
6. What is the breakup of the global butyric acid market based on the derivative?
7. What is the breakup of the global butyric acid market based on the application?
8. What are the key regions in the global butyric acid market?
9. Who are the key players/companies in the global butyric acid market?
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 $205.6 Million in 2022.

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

The growth rate of the Global Butyric Acid Market is 14.1%, with an estimated value of $453.7 Million by 2028.

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

The Global Butyric Acid Market is estimated to be worth $453.7 Million by 2028.

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

Key companies in the Global Butyric Acid Market include Blue Marble Biomaterials LLC (Socati Corporation), Eastman Chemical Company, OQ Chemicals, Perstorp Holding AB, Snowco Industrial Co. Ltd., Thermo Fisher Scientific Inc., Tokyo Chemical Industry Co. Ltd., Axxence Aromatic GmbH, Kemin Industries Inc. and Zhonglan Industry Co. Ltd..

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Butyric Acid Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Synthetic
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Bio-based
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Derivative
7.1 Sodium Butyrate
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Calcium Butyrate
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Others
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Application
8.1 Animal Feed
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Chemical Intermediate
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Food and Flavor
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Pharmaceutical
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Perfume
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Blue Marble Biomaterials LLC (Socati Corporation)
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Eastman Chemical Company
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 SWOT Analysis
14.3.2.4 Key Financials
14.3.3 OQ Chemicals
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Perstorp Holding AB
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 SWOT Analysis
14.3.4.4 Key Financials
14.3.5 Snowco Industrial Co. Ltd.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Thermo Fisher Scientific Inc.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 SWOT Analysis
14.3.6.4 Key Financials
14.3.7 Tokyo Chemical Industry Co. Ltd.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Axxence Aromatic GmbH
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Kemin Industries Inc.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Zhonglan Industry Co. Ltd
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
List of Figures
Figure 1: Global: Butyric Acid Market: Major Drivers and Challenges
Figure 2: Global: Butyric Acid Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: Butyric Acid Market: Breakup by Type (in %), 2022
Figure 4: Global: Butyric Acid Market: Breakup by Derivative (in %), 2022
Figure 5: Global: Butyric Acid Market: Breakup by Application (in %), 2022
Figure 6: Global: Butyric Acid Market: Breakup by Region (in %), 2022
Figure 7: Global: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 8: Global: Butyric Acid (Synthetic) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Butyric Acid (Synthetic) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Butyric Acid (Bio-based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Butyric Acid (Bio-based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Butyric Acid (Sodium Butyrate) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Butyric Acid (Sodium Butyrate) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Butyric Acid (Calcium Butyrate) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Butyric Acid (Calcium Butyrate) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Butyric Acid (Other Derivatives) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Butyric Acid (Other Derivatives) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Butyric Acid (Animal Feed) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Butyric Acid (Animal Feed) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Butyric Acid (Chemical Intermediate) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Butyric Acid (Chemical Intermediate) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Butyric Acid (Food and Flavor) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Butyric Acid (Food and Flavor) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Butyric Acid (Pharmaceutical) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Butyric Acid (Pharmaceutical) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Butyric Acid (Perfume) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Butyric Acid (Perfume) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Butyric Acid (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Butyric Acid (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: North America: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: North America: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: United States: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: United States: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Canada: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Canada: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Asia Pacific: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Asia Pacific: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: China: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: China: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Japan: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Japan: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: India: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: India: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: South Korea: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: South Korea: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Australia: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Australia: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Indonesia: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Indonesia: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Others: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Others: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Europe: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Europe: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Germany: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Germany: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: France: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: France: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: United Kingdom: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: United Kingdom: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Italy: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Italy: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Spain: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Spain: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Russia: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Russia: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Others: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Others: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Latin America: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Latin America: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Brazil: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Brazil: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Mexico: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Mexico: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Others: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Others: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Middle East and Africa: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Middle East and Africa: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Global: Butyric Acid Industry: SWOT Analysis
Figure 79: Global: Butyric Acid Industry: Value Chain Analysis
Figure 80: Global: Butyric Acid Industry: Porter’s Five Forces Analysis
List of Tables
Table 1: Global: Butyric Acid Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Butyric Acid Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Butyric Acid Market Forecast: Breakup by Derivative (in Million US$), 2023-2028
Table 4: Global: Butyric Acid Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Butyric Acid Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Butyric Acid Market: Competitive Structure
Table 7: Global: Butyric Acid Market: Key Players

Companies Mentioned

  • Blue Marble Biomaterials LLC (Socati Corporation)
  • Eastman Chemical Company
  • OQ Chemicals
  • Perstorp Holding AB
  • Snowco Industrial Co. Ltd.
  • Thermo Fisher Scientific Inc.
  • Tokyo Chemical Industry Co. Ltd.
  • Axxence Aromatic GmbH
  • Kemin Industries Inc.
  • Zhonglan Industry Co. Ltd.

Methodology

Loading
LOADING...