Butyric Acid Market Size Worth $737.69 Million By 2032 | CAGR: 9.0%

Butyric Acid Market Size Worth $737.69 Million By 2032 | CAGR: 9.0%


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.

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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

Butyric Acid Market Report Scope

Report Attributes

Details

Market size value in 2023

USD 338.26 million

Revenue forecast in 2032

USD 737.69 million

CAGR

9.0% from 2023– 2032

Base year

2022

Historical data

2019 – 2021

Forecast period

2023 – 2032

Quantitative units

Revenue in USD million and CAGR from 2023 to 2032

Segments covered

By Type, By Application, By End-Use, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Key companies

Tokyo Chemical Industry Co. Ltd., Blue Marble Biomaterials, Eastman Chemical Company, OXEA GmbH, Snowco Industrial Co. Ltd., Alfa Aesar GmbH & CO KG, Axxence Aromatic GmbH, Zhonglan Industry Co. Ltd., Perstorp Holding AB, TNJ Chemical Industry, Palital Feed Additives B.V., OQ Chemicals, Merck KGaA, and Yufeng International Group.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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