Of late, there has been an increased use of butyric acid in food processing and flavouring. Changing lifestyles, safety, and conveniences, has led to the increased consumption of processed food. Over the forecast period, all these trends together are projected to unlock novel revenue opportunities for the global butyric acid market.
The development of innovative food processing technologies coupled with rising RD in food machinery is projected to increase the demand for processed food. As a result of this, the use of butyric acid will grow in the food processing industry. This trend is projected to remain steady with the consumer demand for green products and natural ingredients. Moreover, butyric acid has been experiencing a consistent demand from major industries such as pharmaceuticals, animal feed supplements, and cosmetics.
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Paced Demand in Pharmaceutical Industry to Aid in Market Expansion
The growing investment in the pharmaceuticals sector is directly coinciding with the expansion of the butyric acid market. Over the recent years, the pharmaceutical landscape has undergone a tremendous transformation with the incorporation of innovation-led and cost-effective technology, and highly efficient manufacturing processes. The growing pharmaceutical industry has also created the demand for butyric acid. Butyric acid is used in the manufacturing of various pharmaceutical medications. These medications are proven to aid in the weight loss, treatment of cancer, and irritable bowel syndrome (IBS). Against this backdrop, the global butyric acid market is expected to attain unprecedented levels of growth in the upcoming years.
Extensive Use of Butyric Acid as Animal Feed Additive to Create Positive Market Dynamics
Apart from pharmaceuticals, butyric acid also has applications in the animal feed industry. It is increasingly being used as the animal feed additive in the cattle, poultry, and aquaculture industries. Butyric acid is part of a healthy-diet for animals, and aid farmers and ranchers effectively raise their animals. Apart from that, it is a primary feedstock for different glycerine esters and butyrate salts. The rising incidence of animal diseases is expected to boost the demand for butyric acid boost. Moreover, the growing penetration of large meat-based food businesses is driving the growth of the animal feed sector, bolstering the need for butyric acid. Considering these trends, the global butyric acid market is projected to gain significant momentum in the upcoming years.
Asia Pacific to Sustain Dominance Owing to Flourishing Pharmaceutical Agriculture Industry
Asia Pacific to fortify itself as a key region in the global butyric acid market owing to constantly expanding pharmaceutical and agriculture sectors. Asia Pacific’s butyric market is receiving a major boost from China's advanced healthcare sector and ongoing investments to modernise the food processing and chemical sectors. Agro-based industries such as India are also projected to hold a lion’s share in the regional market. This is mainly attributed to the strong presence of prominent market players, and increased demand from end-use industries.
Prominent Market Players
Some of the major players in the butyric acid market include Beijing Huamaoyuan Fragrance Flavor Co., ltd., OXEA GmbH, Dmitrievsky Chemical Plant, Perstorp Holding AB, Tokyo Chemical Industry Co. Ltd., Eastman Chemical Company, Blue Marble Biomaterials, Snowco Industrial Co., Ltd., and Alfa Aesar GmbH CO KG.
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