Global Butyric Acid In-Depth Monitoring and Development Analysis Report 2023

Length- 125 Pages | Published Date - 2023-04-24 | Report Id- 4056
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In terms of market side, this report researches the Butyric Acid revenue, growth rate, market share by manufacturers, by type, by application and by region (region level and country level), from 2018 to 2023, and forecast to 2029.Global Butyric Acid market size in 2022 is 374.19 million US dollars, and it is expected to be 523.02 million US dollars by 2029, with a compound annual growth rate of 4.90% expected in 2023-2029.

MARKET COMPETITIVE LANDSCAPE:
The main players in the Butyric Acid market include Eastman Chemical Company, Blue Marble Biomaterials LLC, Oxea GmbH, Tokyo Chemical Industry Co. Ltd., and Perstorp Holding AB. The share of the top 3 players in the Butyric Acid market is XX%.

REGION SHARE:
The report covers the market size information of North America, Europe, Asia Pacific, Latin America, Middle East and Africa, and North America accounted for XX%, Europe accounted for XX% of Butyric Acid market, and Asia Pacific accounted for XX%.

SEGMENT OVERVIEW:
The report segments the market by Type and Application. Renewable accounted for XX% of Butyric Acid market in 2022. Synthetic share of XX%.
Chemical Intermediates accounted for XX% of the Butyric Acid market in 2022. Animal Feed accounts for XX%.

Report Includes:
This report presents an overview of global market for Butyric Acid. Analyses of the global market trends, with historic market revenue data for 2018 - 2022, estimates for 2023, and projections of CAGR through 2029.
This report researches the key players of Butyric Acid, also provides the consumption of main regions and countries. Highlights of the upcoming market potential for Butyric Acid, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, Middle East, Africa, and Other Countries.

This report focuses on the Butyric Acid market share and industry ranking of main players, data from 2018 to 2023. Identification of the major stakeholders in the global Butyric Acid market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

This report analyzes the segments data by Type and by Application, from 2018 to 2029. Evaluation and forecast the market size for Butyric Acid sales, projected growth trends, technology, application and end-user industry.

Market Trend:
Growing Demand in Animal Feed: Butyric acid has been widely used as a feed additive in the animal nutrition industry. It promotes gut health, improves feed conversion efficiency, and enhances overall animal performance. The rising demand for meat and animal-based products, along with the increasing focus on animal welfare and performance, has been driving the demand for butyric acid in this sector.

Increasing Use in Food and Flavor Industry: Butyric acid is used as a flavoring agent in the food industry, especially in dairy products, confectionery, and baked goods. Its characteristic odor and taste contribute to the development of specific flavors. As the demand for processed and convenience foods continues to rise, the use of butyric acid in the food and flavor industry has been experiencing steady growth.

Pharmaceutical Applications: Butyric acid has shown potential therapeutic properties, such as anti-inflammatory and anti-cancer effects. It is used in the production of drugs, particularly in the treatment of certain gastrointestinal disorders. The pharmaceutical industry has been exploring the therapeutic applications of butyric acid, which may drive its demand in the future.

Shift towards Bio-based Butyric Acid: With increasing environmental concerns and the need for sustainable solutions, there has been a shift towards the production of bio-based butyric acid. Bio-based butyric acid is derived from renewable resources such as sugar or starch, reducing reliance on petrochemical feedstocks. This trend aligns with the growing demand for eco-friendly and bio-degradable products.

Regional Market Dynamics: The demand for butyric acid varies across regions. North America and Europe have traditionally been significant markets for butyric acid due to the well-established animal feed and food industries. However, emerging economies in Asia Pacific, such as China and India, have been witnessing rapid industrialization and urbanization, leading to increased consumption of butyric acid.

The Following is the Scope of Analysis Mainly Covered by Our Research on the Global {XX} Market:
Highlights-Regions
North America
United States
Canada
Asia Pacific
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Nordic
Latin America
Brazil
Argentina
Colombia
Mexico
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

Player list
Eastman Chemical Company
Blue Marble Biomaterials LLC
Oxea GmbH
Tokyo Chemical Industry Co. Ltd.
Perstorp Holding AB
Snowco Industrial Co. Ltd
Beijing Huamaoyuan Fragrance Flavor Co. Ltd.

Types list
Renewable
Synthetic

Application list
Chemical Intermediates
Animal Feed
Pharmaceuticals
Perfumes
Food and Flavors

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