Global Butyric Acid Market 2024-2028
The butyric acid market is forecasted to grow by USD 221.59 mn during 2023-2028, accelerating at a CAGR of 9.7% during the forecast period. The report on the butyric acid market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing incidence of gastrointestinal diseases, growing demand for butyric acid for animal feed applications, and increasing demand for food flavoring substances in processed foods.
Technavio's butyric acid market is segmented as below:
By Application
- Animal feed
- Food and flavors
- Pharmaceuticals
- Chemical intermediates
- Others
By Type
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the emerging use of butyric acid in bio-derived biofuels as one of the prime reasons driving the butyric acid market growth during the next few years. Also, rise in number of new product launches by market vendors and increasing number of M and A among market vendors will lead to sizable demand in the market.
The report on the butyric acid market covers the following areas:
- Butyric acid market sizing
- Butyric acid market forecast
- Butyric acid market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading butyric acid market vendors that include AFYREN, ARVESTA BV, Central Drug House, Eastman Chemical Co., Ennore India Chemical International, Hefei TNJ Chemical Industry Co. Ltd., Kemin Industries Inc., KUNSHAN ODOWELL CO. LTD., Merck KGaA, METabolic EXplorer SA, Muby Chemicals, National Analytical Corp., OQ SAOC, Payal Impex, PEEKAY AGENCIES PVT. LTD., PETRONAS Chemicals Group Berhad, Shri Rajaram Chemicals and Engg, Tokyo Chemical Industry Co. Ltd., Vizag Chemical International, and Yufeng International Group Co. Ltd.. Also, the butyric acid market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.