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Report
Butyric Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-10-15 I 150 Pages I IMARC Group
Market Overview 2023-2028:
The global butyric acid market size reached US$ 205.6 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 453.7 Million by 2028, exhibiting a growth rate (CAGR) of 13.9% during 2023-2028.
Butyric, or butanoic, acid refers to a colorless carboxylic acid that is formed by the bacterial fermentation of carbohydrates and dietary fiber. It is also found in animal fats, vegetable oils, milk, butter and cheese. It is industrially manufactured by the chemical synthesis of petroleum-based feedstocks as well as by the fermentation of starch or sugar in a mixture of putrefying cheese and calcium carbonate and can be further used as a precursor to manufacture various biofuels. Thus, it exhibits various advantageous properties, such as cost-effectiveness, sustainability and minimal greenhouse gas emissions. Owing to these, butyric acid finds extensive applications across various industries including, animal feed, pharmaceuticals, chemical intermediates, perfume products and food and beverage.
Significant growth in the pharmaceutical industry across the globe is one of the key factors creating a positive outlook for the market. Butyric acid is used for manufacturing pharmaceutical drugs that aid in weight management and treating cancer and irritable bowel syndrome (IBS). Furthermore, the increasing utilization of butyric acid for enhancing the nutritional content in animal feed is also providing a boost to the market growth. It aids in improving the gastrointestinal health and preventing microbial infections and ailments in pigs, poultry, fishes and cattle. Additionally, increasing product application in the development of biofuels, which are rapidly replacing traditionally used gasoline and other fuel alternatives, is contributing to the market growth. Other factors, including the growing demand for renewable butyric acid and clean energy sources, along with the increasing usage of butyric acid in food processing and manufacturing flavorings, are projected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global butyric acid market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, derivative and application.
Breakup by Type:
Synthetic
Bio-based
Breakup by Derivative:
Sodium Butyrate
Calcium Butyrate
Others
Breakup by Application:
Animal Feed
Chemical Intermediate
Food and Flavor
Pharmaceutical
Perfume
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Blue Marble Biomaterials LLC (Socati Corporation), Eastman Chemical Company, OQ Chemicals, Perstorp Holding AB, Snowco Industrial Co. Ltd., Thermo Fisher Scientific Inc., Tokyo Chemical Industry Co. Ltd., Axxence Aromatic GmbH, Kemin Industries Inc., Zhonglan Industry Co. Ltd., etc.
Key Questions Answered in This Report
1. What was the size of the global butyric acid market in 2022?
2. What is the expected growth rate of the global butyric acid market during 2023-2028?
3. What has been the impact of COVID-19 on the global butyric acid market?
4. What are the key factors driving the global butyric acid market?
5. What is the breakup of the global butyric acid market based on the type?
6. What is the breakup of the global butyric acid market based on the derivative?
7. What is the breakup of the global butyric acid market based on the application?
8. What are the key regions in the global butyric acid market?
9. Who are the key players/companies in the global butyric acid market?
1 Preface
2 Scope and Methodology
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 Executive Summary
4 Introduction
4.1Overview
4.2Key Industry Trends
5 Global Butyric Acid Market
5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast
6 Market Breakup by Type
6.1Synthetic
6.1.1 Market Trends
6.1.2 Market Forecast
6.2Bio-based
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Derivative
7.1Sodium Butyrate
7.1.1 Market Trends
7.1.2 Market Forecast
7.2Calcium Butyrate
7.2.1 Market Trends
7.2.2 Market Forecast
7.3Others
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Application
8.1Animal Feed
8.1.1 Market Trends
8.1.2 Market Forecast
8.2Chemical Intermediate
8.2.1 Market Trends
8.2.2 Market Forecast
8.3Food and Flavor
8.3.1 Market Trends
8.3.2 Market Forecast
8.4Pharmaceutical
8.4.1 Market Trends
8.4.2 Market Forecast
8.5Perfume
8.5.1 Market Trends
8.5.2 Market Forecast
8.6Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Region
9.1North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2Asia Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1Overview
10.2Strengths
10.3Weaknesses
10.4Opportunities
10.5Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1Overview
12.2Bargaining Power of Buyers
12.3Bargaining Power of Suppliers
12.4Degree of Competition
12.5Threat of New Entrants
12.6Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1Market Structure
14.2Key Players
14.3Profiles of Key Players
14.3.1Blue Marble Biomaterials LLC (Socati Corporation)
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2Eastman Chemical Company
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 SWOT Analysis
14.3.2.4 Key Financials
14.3.3OQ Chemicals
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4Perstorp Holding AB
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 SWOT Analysis
14.3.4.4 Key Financials
14.3.5Snowco Industrial Co. Ltd.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6Thermo Fisher Scientific Inc.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 SWOT Analysis
14.3.6.4 Key Financials
14.3.7Tokyo Chemical Industry Co. Ltd.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8Axxence Aromatic GmbH
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9Kemin Industries Inc.
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10Zhonglan Industry Co. Ltd
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
Figure 1: Global: Butyric Acid Market: Major Drivers and Challenges
Figure 2: Global: Butyric Acid Market: Sales Value (in Million US$), 2017-2022
Figure 3: Global: Butyric Acid Market: Breakup by Type (in %), 2022
Figure 4: Global: Butyric Acid Market: Breakup by Derivative (in %), 2022
Figure 5: Global: Butyric Acid Market: Breakup by Application (in %), 2022
Figure 6: Global: Butyric Acid Market: Breakup by Region (in %), 2022
Figure 7: Global: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 8: Global: Butyric Acid (Synthetic) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Butyric Acid (Synthetic) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Butyric Acid (Bio-based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Butyric Acid (Bio-based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Butyric Acid (Sodium Butyrate) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Butyric Acid (Sodium Butyrate) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Butyric Acid (Calcium Butyrate) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Butyric Acid (Calcium Butyrate) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Butyric Acid (Other Derivatives) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Butyric Acid (Other Derivatives) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Butyric Acid (Animal Feed) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Butyric Acid (Animal Feed) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Butyric Acid (Chemical Intermediate) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Butyric Acid (Chemical Intermediate) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Butyric Acid (Food and Flavor) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Butyric Acid (Food and Flavor) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Butyric Acid (Pharmaceutical) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Butyric Acid (Pharmaceutical) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Butyric Acid (Perfume) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Butyric Acid (Perfume) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Butyric Acid (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Butyric Acid (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: North America: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: North America: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: United States: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: United States: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Canada: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Canada: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Asia Pacific: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Asia Pacific: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: China: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: China: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Japan: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Japan: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: India: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: India: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: South Korea: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: South Korea: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Australia: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Australia: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Indonesia: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Indonesia: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Others: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Others: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Europe: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Europe: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Germany: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Germany: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: France: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: France: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: United Kingdom: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: United Kingdom: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Italy: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Italy: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Spain: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Spain: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Russia: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Russia: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Others: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Others: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Latin America: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Latin America: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Brazil: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Brazil: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Mexico: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Mexico: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Others: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Others: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Middle East and Africa: Butyric Acid Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Middle East and Africa: Butyric Acid Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: Global: Butyric Acid Industry: SWOT Analysis
Figure 79: Global: Butyric Acid Industry: Value Chain Analysis
Figure 80: Global: Butyric Acid Industry: Porter's Five Forces Analysis
Table 1: Global: Butyric Acid Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Butyric Acid Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Butyric Acid Market Forecast: Breakup by Derivative (in Million US$), 2023-2028
Table 4: Global: Butyric Acid Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Butyric Acid Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Butyric Acid Market: Competitive Structure
Table 7: Global: Butyric Acid Market: Key Players
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