Butyric Acid Market was calculated to be USD 153.6 million and is projected to reach USD 329.9 million by 2025, growing at a CAGR of 14.0% from 2017 to 2025.
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The major factors driving the market growth of butyric acid are rising demand from various end user industries, ban on consumption of antibiotics in animal feed in some countries. However, unpleasant smell of butyric acid is the major factor inhibiting the market growth. Rising demand of renewable butyric acid from food and flavors industries can provide huge market potential over the coming years.
By application, rising demand from animal feed segment is influencing the overall market growth. In 2014, it accounted 40% share of the total market and projected to maintain its dominance during the forecast period. It is also one of the fastest growing market. The second biggest application segment is the chemicals intermediate at 23.4% in terms of value in 2014. However, pharmaceuticals segment is projected to witness average growth rates during the forecast period.
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By geography, Asia Pacific is the largest and fastest growing market. It is projected to grow at a CAGR of 14.4% from 2017 to 2025. India and China are the two major contributors towards the market growth. It is due to rising demand for meat, and food & flavors, increasing concerns for animal care. Asia Pacific was followed by North America and accounted for 30% share of the market in 2014 in terms of value. The market volume of butyric acid is comparatively low in the RoW region.
Some of the major players present in this market are Oxea Gmbh, Eastman Chemical Company, Perstorp Holding Ab, Blue Marble Biomaterials, Llc, Tokyo Chemical Industry Co., Ltd. and Beijing Huamaoyuan Fragrance Flavor Co., Ltd.
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Table of Content:
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Market Segmentation
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Approach Adopted
1.3.5 Key Points
Chapter 2 Executive Summary
2.1 Market Snapshot: Global Butyric Acid Market
Chapter 3 Introduction
3.6 Supply Chain
3.7 Porter’s five force analysis
3.7.1 Bargaining power of suppliers
3.7.2 Bargaining power of buyers
3.7.3 Threat of new entrants
3.7.4 Threat of substitutes
3.7.5 Degree of competition
Chapter 4 Global Butyric Acid Market, Application Analysis
4.1 Global Butyric Acid Market, by application type
4.2 Animal Feed
4.2.1 Global butyric acid demand animal feed application, 2015 – 2025, (USD Million)
4.3 Chemical Intermediate
4.3.1 Global butyric acid demand from chemical intermediate application, 2015 – 2025, (USD Million)
4.4 Food and Flavors
4.4.1 Global butyric acid demand from food and flavors application, 2015 – 2025, (USD Million)
4.5.1 Global butyric acid demand from pharmaceuticals application, 2015 – 2025, (USD Million)
4.6.1 Global butyric acid demand from others applications, 2015 – 2025, (USD Million)
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