Butyric acid also called butanoic acid, a fatty acid occurring in the form of esters in animal fats and plant oils. Synthetically butyric acid is manufactured by catalysed air oxidation of butanal. Positive indicators towards product usage in animal feed, pharmaceutical, Growing butyric acid production from processing and agriculture waste industry has led owing to high availability of raw material will promote product demand in coming years.
This acid is widely used as an essential feedstock for lower alcohol which has wide application as a flavouring agent. It is used in relishes, condiments, snack foods, chewing gum, soft and hard candy, puddings, gelatins, sweet sauce, oils, fats, meat products, beverages, dairy, milk products, and baked goods as a flavouring agents. Growing demand for processed foods owing to its convenience and better taste will promote product demand in foreseeable time frame. Furthermore, potential application of butyric acid as a precursor to biofuels will promote product demand. Due to increases in petroleum prices as well as a continuous reduction in petroleum availability and a growing need for clean energy sources, research has recently been directed towards alternative fuel sources, driving market growth.
The report analyses the global butyric acid market based on type and application and geography.
Based on type the butyric acid market is divided into renewable and synthetic butyric acid. Renewable butyric acid is produced from sugarcane and corn husks. Shifting trends towards renewable resources to reduce dependency on petroleum products will have positive impact on product demand.
Various application considered in this study includes animal feed, chemical intermediates, perfumes, food & beverage, and pharmaceuticals. Butyric acid is beneficial for intestinal health and growth performance especially in young and vulnerable animals. Strict regulatory norms regarding ban of antibiotics for maintaining health and growth of the animals has led to increase in demand for natural growth promoters, thus promoting market growth. Additionally, shifting trends towards organic acids use as substitute for antibiotic growth promoters will drive industry growth.
The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. Asia Pacific is a dominant region in butyric acid market and will account for robust gains in foreseeable timeframe. Growing consumption of processed food supported by raising interests towards organic and healthy food products will promote industry growth. Additionally, easy availability of financial assistance has led to emergence of livestock farming as an allied business to agriculture mainly in China and India will positively favour industry growth in this region
The key players operating in this market includes Eastman Chemical Company, Perstorp Holding AB, Oxea GmbH, Blue Marble Biomaterials, LLC, Tokyo Chemical Industry Co., Ltd., and Beijing Huamaoyuan Fragrance Flavor Co., Ltd., Snowco Industrial Co., Ltd , Vigon International, Aldon Corporation, Thermo Fisher Scientific Inc.
The report analyses the global butyric acid market based on type and application and geography. Based on type the butyric acid market is divided into renewable and synthetic butyric acid. Various application considered in this study includes animal feed, chemical intermediates, perfumes, food & beverage, and pharmaceuticals. The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. North America comprises of U.S., Canada and Mexico. Whereas, Europe covers UK, France, Germany, Italy, Spain and Rest of Europe. The key countries included under Asia Pacific are China, India, Japan, Australia and Rest of Asia Pacific. The Rest of the world includes Latin America and Middle East & Africa.
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