The Butyric Acid Market is segmented by Application (Animal feed, Food and flavors, Pharmaceuticals, Chemical intermediates, and Others), Type (Synthetic and Renewable), and Geography (APAC, North America, Europe, South America, and Middle East and Africa). As per the Global Forecast research report 2024-2028 published by Technavio, the market size is estimated to grow by USD 221.59 million, at a CAGR of 9.7% during the forecast period. There are several companies that are contributing to the market as per this report. Emerging use of butyric acid in bio-derived biofuels .
In the livestock and agriculture sector, animal feed holds a substantial position in the global economy. This essential component of the livestock industry ensures the nutritional needs of farm and livestock animals, resulting in the production of superior quality meat, dairy, and other animal products. The butyric acid market within the animal feed segment has experienced consistent growth due to escalating demand for meat and dairy, population expansion, and increasing income levels in emerging economies.
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In North America, the butyric acid market experiences significant growth due to urbanization, expanding disposable incomes, and thriving industries, including food and beverage, pharmaceuticals, and chemicals. The rise in disposable income, coupled with hectic work schedules, fuels the demand for convenient packaged food, thereby increasing the need for butyric acid as a preservative and flavor enhancer. Urbanization and industry development in the region further bolster market growth.
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Butyric acid is a short-chain fatty acid that plays a significant role in the animal feed industry. It is commonly used as a feed additive and premix in both swine and poultry production. Butyric acid enhances nutrient digestion by improving the microbiota balance in the animal's gut. This results in better feed conversion rates and increased animal performance. In the pharmaceutical and human dietary supplements sector, butyric acid is used for its therapeutic properties. It is known to have anti-inflammatory and antimicrobial effects, making it an essential component in the treatment of certain animal diseases. Butyric acid also finds applications in the production of plasticizers, food additives and flavorings, and chemical intermediates. The renewable and synthetic production methods of butyric acid cater to the diverse requirements of various industries. The global market for butyric acid is driven by the increasing demand for animal feed and the growing awareness of the health benefits of this compound. The market is expected to grow at a steady pace in the coming years, with the Asia Pacific region leading the way due to the large livestock population and rising meat consumption in the region.
The Butyric Acid market is a segment of the broader Global Commodity Chemicals Market, encompassing businesses primarily engaged in the production of industrial and basic chemicals. This market, as defined by Technavio, includes sectors such as plastics, synthetic fibers, films, commodity-based paints and pigments, explosives, and petrochemicals. Factors driving growth in this market include the expanding demand for plastic packaging, with plastic being the preferred material in the global packaging industry. - The Butyric Acid Market is experiencing significant growth, fueled by the . Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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