Butyric Acid Market - Forecasts from 2024 to 2029

Butyric Acid Market - Forecasts from 2024 to 2029

The butyric acid market is expected to grow at a CAGR of 4.59% from US$310.456 million in 2022 to US$451.345 million in 2029.

This is due to the growing demand for speciality chemicals in a variety of end-use industries, including the pharmaceutical, animal feed, food and beverage, and personal care industries. A tasteless powder, starch is easily insoluble in solvents such as alcohol, cold water, and others. The high frequency of illnesses like diabetes, anxiety, obesity, and other conditions is another factor driving the butyric acid market's expansion. The market demand is being driven by both the expanding global chicken consumption and the expanding poultry industry. One of the main causes of the rise in butyric acid is the expanding need for biofuels and alternative fuels in the aerospace and automotive industries.Click here

Increasing demand in the pharmaceutical sector

The pharmaceutical industry has a substantial impact on the economies of both developed and developing nations. The market for butyric acid is expanding due to shifting consumer eating habits as well as the rise in numerous health problems like gastric reflux, irritable bowel syndrome, and indigestion. The IQVIA Institute for Human Data Science has presented data indicating that the Chinese pharmaceutical industry has experienced rapid growth in comparison to prior years. The pharmaceutical industry in China grew by about 4% in 2019, and the pharmaceutical industry in Japan grew by 4% in 2020.

Rising production of biofuel and bioplastics

Fermenting renewable biomass sources like sugar cane, corn, and lignocellulosic materials can yield butyric acid. Because of this, it is a sought-after feedstock for the synthesis of biofuels, which have a lower carbon footprint than fossil fuels and are renewable. A crucial component in the creation of bioplastics, which come from renewable biomass sources and can either biodegrade or compost, is butyric acid. Offering a substitute for conventional plastics is also leading to the butyric acid market growth.

Market growth due to use in the medical field

Inflammatory bowel conditions like ulcerative colitis and Crohn's disease can be treated with butyric acid. It can reduce inflammation. Because butyric acid has been shown to have antibacterial qualities, it is being researched as a possible treatment for infections that are resistant to antibiotics. Because butyric acid inhibits histone deacetylase, it can be used to treat genetic disorders and control gene expression, which in turn leads to market growth.

Increasing demand from the animal feed sector

Animal feed ingredients containing butyric acid are becoming more and more popular. The main ingredient in many butyrate salts and glycerine esters, or butyrins, is butyric acid. To direct the active ingredient to the intended organs in the animal's intestine, salts are added to feed premixes in administrative forms that are either fat-coated or non-coated. Feed additives made from butyric acid derivatives are used in the cattle, poultry, and aquaculture industries. Animals require butyric acid to help them meet their nutritional needs, and it is an essential component of animal nutrition. Butyric acid is a useful ingredient for the animal feed industry because it is essential to providing animals with nutrient-rich feed.

High preference for biobased products

The butyric acid market expansion is being driven by consumers' preference for bio-based products. Natural resources like corn husk, sugar, and other natural products are used to make bio-based butyric acid. The low cost and easy accessibility of these raw materials are fueling the bio-based segment's market expansion. Bio-based butyric acids are being used by the food and beverage industry to make flavouring agents, animal feed, and food additives, among other things. Over the course of the forecast period, the synthetic-type segment is expected to grow significantly. Chemical synthesis is used to create synthetic butyric acid. This is the chemical process by which butyraldehyde, which is produced from propylene and extracted from crude oil through oxo synthesis, is oxidized.

Increasing demand for butyric acid in the food and beverages industry

The food and beverage segment's market is primarily driven by the world's growing population. In the food processing industry, butyric acid is used as a flavouring agent and food additive. The expansion of the market is being supported by the increasing market penetration of big food chain companies, like McDonald's and KFC. In terms of revenue and market share, the personal care and pharmaceutical sectors hold the second place worldwide. Both the rise in infectious diseases and consumer spending on beauty products are helping the personal care and pharmaceutical industries.

Asia Pacific is projected to witness a significant rise in the butyric acid market

Due to China's highly developed healthcare system and ongoing investments made in the region over the years to advance the food processing and chemical industries, the Asia-Pacific region is predicted to dominate the global market. Animal consumption of butyric acid has been steadily increasing. Particularly in young and vulnerable animals, it supports the maintenance of intestinal health and growth performance. Moreover, the pharmaceutical industry in China has experienced the fastest growth rates in recent years, according to the IQVIA Institute for Human Data Science. China's pharmaceutical sector brought up 8% over five years.

Market key launches
In March 2023 Perstorp introduced GastrivixTM Avi, a novel solution for gut health that combines the advantages of butyric and valeric acid. To support gut integrity, meet the biological needs of birds, and encourage consistent growth and performance, GastrivixTM Avi was developed. Perstorp thinks that by lowering feed volumes for the broiler's lifecycle, delivering consistent growth results, and increasing ROI, the solution will address several issues facing the sector.
In March 2023, METEX NØÞVISTA and ALINOVA announced a partnership for the French market launch of the country's first 100% bio-based butyric acid for animal nutrition. Through this collaboration, ALINOVA will be able to better serve its customers' needs for natural and sustainable ingredients by expanding the range of technical, performance-enhancing products in its portfolio.
In October 2021, researchers at the National Renewable Energy Laboratory (NREL) devised a fully integrated process for generating a promising precursor for diesel and jet fuel from lignocellulosic biomass, at a lower cost compared to obtaining the same material from petroleum. The process developed by NREL scientists is both energy-efficient and results in a 50% reduction in greenhouse gas emissions compared to conventional biological production methods. The precursor, butyric acid, typically sourced from petroleum-derived propylene, is produced globally at approximately 80,000 tons annually, fetching a market price of about $1.80 per kilogram. The scientists estimate that their biomass-derived butyric acid could be sold at 55% of the current selling price of petroleum-derived butyric acid.

Segmentation:

By Type
Synthetic
Bio-based
By Derivatives
Sodium butyrate
Potassium butyrate
Calcium butyrate
Magnesium butyrate
Others
By Application
Chemical Intermediates
Biofuel
Food Additive & Flavoring
Animal Feed
Perfumes
Plasticizer
Leather Tanning
Commercial printing inks
Others
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
UAE
Israel
Others
Asia Pacific
China
Japan
India
South Korea
Indonesia
Taiwan
Others