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Butyric Acid Market

Butyric Acid Market Share, Size, Growth, Forecast Analysis, By Product Type (Synthetic Butyric Acid, Renewable Butyric Acid), By Application (Animal Feed, Chemical Intermediates, Food & Flavors, Pharmaceutical, Other Applications), and Region - Global Forecast 2022 to 2032

Butyric Acid Market Outlook (2022-2032)

The global butyric acid market was valued at US$ 307.2 Million in 2021 and is projected to reach US$ 1.6 billion by 2032, registering a CAGR of 16.6% from 2022 to 2032.

Synthetic Butyric Acid is expected to be the highest revenue generating segment, projected to grow at a CAGR of over 17.6% during 2022 – 2032.

Report Attributes

Details

Butyric Acid Market CAGR (2022–2032)

16.6%

Butyric Acid Market Size (2022)

US$ 344.1 Million 

Butyric Acid Market Size (2032)

US$ 1.6 Billion

Value CAGR (2022-2032) 16.6%

U.S. Market CAGR (2022 – 2032)

14.6%

Key Companies Covered

  • Eastman Chemical Company
  • Perstorp Holding AB
  • Tokyo Chemical Industry Co., Ltd.
  • Beijing Huamaoyuan Fragrance Flavor Co., Ltd.
  • Snowco Industrial Co., Ltd.
  • Innova Global (India)
  • Sisco Research Laboratories Pvt. Ltd.
  • Yufeng International Co., Ltd
  • Oxea GmbH
  • Blue Marble Biomaterials

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Revenue of Butyric Acid Market from 2017 to 2021 Compared to Demand Outlook for 2022 to 2032

As per the Global Butyric Acid Market research by Fact.MR - a market research and competitive intelligence provider, historically, from 2017 to 2021, Butyric Acid Market value increased at around 12.1% CAGR. In the next years, the butyric acid market is expected to be driven by rising demand for renewable butyric acid in the pharmaceutical and food & flavour industries.

In Europe and North America, the use of antibiotics in animal feed is prohibited. Antibiotics are used not only to heal animals, but also to encourage them to grow. According to the WHO (World Health Organization), 80% of antibiotics used in the animal industry are used to enhance animal growth and butyric acid is used as a substitute for antibiotics.

As a result, demand for butyric acid is increasing across Europe and North America. Furthermore, rising health issues such as diabetes, anxiety, in human beings are creating favourable conditions for the butyric acid industry to expand. Since butyric acid is used in the treatment of obesity and diabetes because it reduces body fat content and enhances insulin absorption in the human body.

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What Factors Are Propelling Butyric Acid Demand?

Butyric acid is used to promote gut health in animals. As a result, it is in high demand in the animal feed business since it promotes animal performance and gut health. Butyric acid promotes nutritional absorption in animals while also maintaining animal well-being; these advantages are driving the demand for acid-based nutrition.

The growth of Butyric Acid in poultry market is also fuelled by rising demand for animal feed for poultry. With US$ 0.15 per kilogram, butyric acid is cost-effective, as it assists in the reduction of animal feed costs. Butyric acid is a feed additive that protects broiler chickens from salmonella enteritis infection.

The compound also has various application in pharmaceutical industry. In recent years, the Chinese pharmaceutical market has steadily risen to become one of the world's largest. The Chinese government is assisting the pharmaceutical industry. The Chinese government has created the "Made in China" 2025 Plan to assist the country's pharmaceutical industry. This is also expected to positively impact the butyric acid market.

Butyric acid, which possesses biochemical and morphological differentiation in numerous cells, is widely known for its anti-cancer properties. The chemical is also being researched for its ability to prevent colon cancer. A few studies have also revealed that the chemical can be utilised to treat Crohn's disease and irritable bowel syndrome.

The Butyric acid also act as alternative for opioids in treatment of neuropathic pain in humans as it has analgesic effect. In addition, butyric acid has been found in clinical trials to be useful in treating colon cancer in animals. These factors are also responsible for increasing demand for butyric acid in pharmaceutical industry.

The increasing demand for butanol is fuelling the butyric acid market, in addition, butyric acids can also be used for producing ethyl butyrate and butyl butyrate which can be further used as a biofuel. Butyric acids can also be produced from renewable sources like corn husk is been studied in report by Biotechnology for Biofuels and bioproducts (BMC).

The increase in petroleum price and growing demand for alternative source of clean energy. Butanol has various benefits such as it is sustainable and helps in reducing greenhouse emissions. In future butanol is anticipated to be most prominent source for replacing petrol.

In industries, butanol is used as a solvent and has various advantages over ethanol in fuel used for transportation. Currently, the prices for butanol are at US$ 3.75 per gallon and the worldwide demand for butanol is 1.4 Bn gallons per year and is expected to grow as it can be produced economically from low-cost biomass

Butyric acids are also utilised in cosmetics because they have anti-inflammatory and anti-redness qualities. The compound Hyaluronic Acid Butyric Esters for the Improvement of Skin Functionality, whose function is to help maintain skin homeostasis, requires biological mechanisms to govern both its synthesis and degradation. Indeed, it is an active physiological polymer that not only provides structure and filling function, but also supplies water to the skin through its chemical structure, resulting in enhanced skin lubrication.

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What factors can restrain the Growth of the Butyric Acid Market in the Future?

Health risks posed by butyric acid with irritation in the nose and lung problems are expected to hamper its market growth. The unpleasant smell of butyric acid also acts as a restraint for the global market. Butyric acid is also used in dairy products. Currently, the global vegan population stands at about 79 Mn where in there has been a constant increase in this population. Hence, the growing trend of veganism has limited the sales of butyric acid. These factors are likely to reduce the demand for butyric acid in the future.

Region-wise Insights

Why Asia Pacific is projected to Offer Significant opportunity in the Butyric Acid Market?

During the projection period, Asia Pacific Butyric Acid Market is predicted to be the leading market for Butyric acid. China, Japan and South Korea, the top three butyric acid markets in Asia Pacific is expected to account for a valuation of over US$ 350 Mn by 2032.

Chemical intermediates are used in the production of paints, fragrances, inks, and coating. The paint and coating industry in Asia-Pacific is currently estimated at US$ 154.7 Bn for 2022, and it is expected to exceed US$ 200 Bn in the future.

In Asia pacific region China is leading consumer of butyric acid and the Chinese butyric acid market is expected to account market growth of US$ 247.0 Mn by the end of 2032. In China there is rise in demand for animal feed in animal husbandry sector and renewable butyric acid in pharmaceutical industry. In India, the demand for chemical intermediates as well as meat products, has been driving the expansion of the butyric acid market.

What was the impact of Covid-19 on Butyric Acid Market?

Owing to the disruption in the supply chain, downstream sectors' demand for butyric acid decreased, thus affecting the market's growth. The shortage of labour in the downstream sector also adversely affected the market. During the pandemic, the demand for butyric acid in the food and flavor industry also decreased owing to the restricted operations of food chains.

In addition, demand for animal-derived goods also decreased, which created a direct influence on the worldwide butyric acid industry. In the pandemic, demand for medicine grew globally in a short period of time, and as a result demand for production of medicine also increased. This factor drives the growth of butyric acid market.

Category-wise Insights

Why Synthetic Butyric Acid is the Fastest Growing Category in Butyric Acid Market

The growth of Synthetic Butyric Acid market is projected to expand at a CAGR of around 17.6% during 2022 – 2032. The value of Synthetic Butyric Acid Market increased at a CAGR of around 12% during 2017 – 2021. Synthetic butyric acid is a chemically synthesised butyric acid that is mostly utilized in industry.

Synthetic butyric acid is used to produce printing inks, disinfectants, tastes, medications, and perfumes. Butyrate of cellulose acetate (CAB) is made from synthetic butyric acid and is utilized in a variety of devices, components, and coatings. Therefore, the rising demand for synthetic butyric acid is propelling the growth of butyric acid market.

Country-wise Analysis

Which Country Lies at the Centre stage for Butyric Acid Market Revenue?

The United States is expected to account for the highest market of US$ 349.6 Mn by the end of 2032. Also, the market in the country is projected to account for an absolute dollar growth of US$ 260.2 Mn. The value of Butyric Acid Market in United States increased at a CAGR of around 14% during 2017 –2021 and is projected to grow at a CAGR of over 14.6% during 2022 – 2032.

The United States butyric acid market has seen rapid growth due to its use in animal feed. In the United States, there are around 5,800 animal food manufacturing facilities that produce over 284 million tonnes of finished feed and pet food each year. With 22% of the total American population eating processed meat and poultry products and a constant surge in this population is expected to be pivotal for the growth of the butyric acid market.

Competitive Analysis

Due to the presence of several global as well as domestic players, the butyric acid market is highly competitive in nature. Players in the market are constantly developing improved analytical solutions as well as extending their product offerings. The companies in Butyric Acid Market are focused on their alliances, technology collaborations, and product launch strategies. The Tier 2 players in the market are targeting to increase their Butyric Acid Market share.

One of the recent developments of Butyric Acid Market is as follows :

  • In May 2022, Petronas Chemical Group acquired Perstorp Holding AB, with an objective to strengthen their petrochemicals business. This acquisition will also help Petronas Chemical Group to diversify into specialty chemicals and derivatives.

Similarly, recent developments related to companies in Butyric Acid Market have been tracked by the team at Fact.MR, which are available in the full report.

Key Segments Covered in Butyric Acid Industry Research

  • By Product Type :

    • Synthetic 
    • Renewable
  • By Application :

    • Animal Feed
    • Chemical Intermediates
    • Food & Flavors
    • Pharmaceutical
    • Other Applications
  • By Region :

    • North America
    • Latin America
    • Europe
    • APAC
    • MEA

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The global Butyric Acid Market is worth more than US$ 344.1 Mn at present.

The value of Butyric Acid Market is projected to increase at a CAGR of around 16.6% during 2022 – 2032.

While the market in South Korea is expected to grow at nearly 19%, the market in Japan is projected to register a CAGR of nearly 14.7% during 2022 - 2032.

The demand for Biofuel has increased tremendously. The global demand for Butyric Acid is being fueled by a considerable increase in the production of biofuel and its use.

The growth of the market for Butyric acid in US is projected to expand at a CAGR of around 14.6% during 2022 – 2032.

The growth of the market for Butyric acid in China is projected to expand at a CAGR of around 19.7% during 2022 – 2032.

The value of Butyric Acid Market increased at a CAGR of around 12.1% during 2017 – 2021.

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