Global Butyric Acid Derivatives Market was valued at US$ XX Mn in 2019 and is expected to grow at US$ 172.15 Mn by 2027, at a CAGR of XX % during the forecast period.
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Global Butyric Acid Derivatives Market
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Global Butyric Acid Derivatives Market Definition:
Butyric acid derivatives are a short chain of fatty acids that help in increasing the levels of Hb F through histone acetylation modulation. Butyric acid and its derivatives have broad applications within the food industry, perfume and fragrance industries, polymer industry, and pharmaceutical industry. Butyric acid is a component of prodrugs with demonstrated anti-cancer effect. The compound is mainly used in several animal feeds. These products offer numerous benefits like improvement in digestion, protection of internal body organs from microbes, making body metabolism effective, and promoting colon health of farm animals.
Global Butyric Acid Derivatives Market Dynamics:
Increasing population and shifting standards of living along with an increase in the disposable income of the customers have enhanced the meat demand across the globe. This factor is expected to drive the market demand. Shift in the meat-eating habits in the western regions from ruminant meat & beef to pork and chicken is expected to propel the butyric acid derivatives market demand. Apart from this, clinical usage of butyric acid derivatives to increase the antigen-explicit T cell inactivation will stimulate market growth in the forecast period. Additionally, the substantial need for reducing the strong smell of the meat will direct butyric acid derivatives industry growth across the globe.
For many years animal husbandry industry has used antibiotics and antibiotic growth promoters (AGPs). But, developed regions such as Europe and North America have started to experience the threats posed by the misuse of antibiotics. Europe has banned the use of antibiotics and AGPs for farm use. Carboxylic acid, and derivatives are being used instead of AGPs. It is expected that this replacement of AGPs by butyric acid derivatives will be an important driver in the butyric acid market.
Global Butyric Acid Derivatives Market Segmentation:
By the animal feed, Swine is expected to hold the largest market share by 2027 in the global market. The swine sector market is the leading market in Asia-Pacific and Europe for butyric acid derivatives. White meat demands, like pork and chicken, mainly in the Asia-Pacific, are growing considerably. In the rest of the regions, however, the poultry sector leads. Pigs require a higher lifetime of butyric acid derivatives. This drives sodium and calcium butyrate demand. Though, the Middle East & Africa segment of poultry dominated in 2020, since the region mostly produces poultry meat.
Region-wise, Asia Pacific is expected to hold the largest market share by 2027 for the butyric acid derivatives market, accountable for the huge production of meat in the zone. Apart from this, the enormous presence of large feedstock and myriad butyric acid derivative processors in the sub-continent is expected to direct the growth of the butyric acid derivatives market. The European market is expected to overtake the Asia Pacific market in terms of product consumption. With the sub-continent being the biggest producer of pork, it is going to make noteworthy contributions towards the overall market size. As well, poultry meat production in Europe will further contribute to the regional market surge.
Global Butyric Acid Derivatives Market Competitive Landscape:
Eastman Chemical Company is a producer of butyric acid through their Oxo Low-Pressure Technology and is one of the key global players in the market. As Eastman expected constant market growth, they lengthened their butyric acid production facility in Newport, Tennessee.
The objective of the report is to present a comprehensive analysis of the Global Butyric Acid Derivatives Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a detailed study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Butyric Acid Derivatives Market dynamics, structure by analyzing the market segments and project the Global Butyric Acid Derivatives Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Butyric Acid Derivatives Market make the report investor’s guide.
Global Butyric Acid Derivatives Market, Key Highlights:
• Global Butyric Acid Derivatives Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Butyric Acid Derivatives Market
• Global Butyric Acid Derivatives Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Butyric Acid Derivatives Market strategic analysis with respect to individual growth trends, future prospects along the contribution of various sub-market stakeholders have been considered under the scope of the study.
• Global Butyric Acid Derivatives Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Butyric Acid Derivatives Market are also profiled.
Scope of the Global Butyric Acid Derivatives Market: Inquire before buying
Global Butyric Acid Derivatives Market, by Animal Feed
• Swine
• Poultry
• Others (Including Duck, Pigeon, Turkey, and Fish)
Global Butyric Acid Derivatives Market, by Product Type
• Calcium Butyrate
• Sodium Butyrate
• Others (Including Potassium Butyrate and Magnesium Butyrate)
Global Butyric Acid Derivatives Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Global Butyric Acid Derivatives Market Key Players
• Eastman Chemical Company
• Kemin Industries Inc.
• Nutreco N.V.
• Innovad
• Perstorp Holdings AB
• Koninklijke DSM N.V.
• Bioscreen Technologies S.R.L.
• Palital GmbH & Co. KG
• Shanghai Kayi Chemical Co. Ltd.
• SNOWCO
• Thermo Fisher Scientific
• Tokyo Chemical Industry Co. Ltd.
• Anmol Chemicals
• Norel Company
• Hangzhou King Technia Technology
• Jainex Specialty Chemicals
• Sanluc International NV
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