Butyric Acid Market Share, Size, Trends, Industry Analysis Report, By Type (Synthetic and Renewable); By Application (Animal Feed, Chemical Intermediates, Food Additives & Flavoring, Plasticizer, Human Dietary Supplements, Leather Tanning, Others); By End

Butyric Acid Market Share, Size, Trends, Industry Analysis Report, By Type (Synthetic and Renewable); By Application (Animal Feed, Chemical Intermediates, Food Additives & Flavoring, Plasticizer, Human Dietary Supplements, Leather Tanning, Others); By End-Use; By Region; Segment Forecast, 2023 - 2032

The global butyric acid market size is expected to reach USD 737.69 million by 2032, according to a new study by Polaris Market Research. The report “Butyric Acid Market Share, Size, Trends, Industry Analysis Report, By Type (Synthetic and Renewable); By Application (Animal Feed, Chemical Intermediates, Food Additives & Flavoring, Plasticizer, Human Dietary Supplements, Leather Tanning, Others); By End-Use; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

There has been a drastic shift in consumer preferences towards natural and bio-based ingredients in their food products and also eager to use more exotic and natural flavor-based cosmetic products with any harmful side-effects on body, are major factors expected to boost the global market growth.

Key product manufacturers worldwide are also focusing on R&D activities and are investing heavily to develop products with more advanced and improved properties to cater the rising consumer requirements, which is likely to foster the market growth in the near future. For instance, in April 2022, METEX, & ‘INNEUS’, to be used in animal nutrition. It is an innovative range of solutions for poultry and pigs, specially designed to strengthen their intestinal integrity & to boost their immune systems.

Despite being uses in wide range of industries for butyric acid, currently there is an emerging interest for using it as a precursor to biofuels, mainly because of the constant increase in the petroleum prices as well as the growing burden on petroleum, which results in reduction in the availability of petroleum. Biofuels has many advantages such as sustainability, reduction in greenhouse gases emissions, and supply security, thereby positively influencing the market.

The popularity of butyric acid has grown dramatically in pharmaceutical and chemical industries in the recent years, as it induces the morphological and biochemical differentiation in numerous types of cells leading to the concomitant suppression of neoplastic properties, which further create huge potential and growth opportunities for the market.

Butyric Acid Market Report Highlights

Renewable segment is expected to grow rapidly during the anticipated period, on account of increasing consumer awareness regarding the health benefits associated with bio-based ingredients

Animal Feed segment accounted for the high market share in 2022, which is mainly driven by growing adoption of the product from animal feed sector due to its several beneficial characteristics

Food & beverage segment led the industry market with largest market share in 2022, mainly due to drastic increase in the consumption of food products and change in consumer eating habits

Asia Pacific region dominated the global market with healthy growth rate in 2022, owing to presence of large consumer base and significant investments in the pharmaceutical sector in the region

The global key market players include Blue Marble Biomaterials, Eastman Chemical, TNJ Chemical Industry, Merck, and Tokyo Chemical Industry

Polaris Market Research has segmented the butyric acid market report based on type, application, end-use, and region:

Butyric Acid, Type Outlook (Revenue - USD Million, 2019 - 2032)

Synthetic

Renewable

Butyric Acid, Application Outlook (Revenue - USD Million, 2019 - 2032)

Animal Feed

Chemical Intermediates

Food Additives & Flavoring

Plasticizer

Human Dietary Supplements

Leather Tanning

Others

Butyric Acid, End-Use Outlook (Revenue - USD Million, 2019 - 2032)

Food & Beverage

Personal Care

Pharmaceuticals

Chemical Industries

Agriculture

Paints & Coatings

Others

Butyric Acid, Regional Outlook (Revenue - USD Million, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa