The global butyric acid market was valued at US$ 307.2 Million in 2021 and is projected to reach US$ 1.6 billion by 2032, registering a CAGR of 16.6% from 2022 to 2032.
Synthetic Butyric Acid is expected to be the highest revenue generating segment, projected to grow at a CAGR of over 17.6% during 2022 – 2032.
The population across the world is increasing, and with it, demand for food products as well. Increasing consumption of meat, poultry, and dairy products is also expected to favor butyric acid derivatives market growth potential over the forecast period. Rising demand for animal feed and growing prevalence of animal diseases are expected to further boost butyric acid derivatives market growth.
However, increasing inclination of the population towards plant-based products and rising popularity of veganism are expected to slow down consumption of butyric acid derivatives to a certain extent.
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Key Takeaways from Market Study
“Increasing use of butyric acid derivatives in animal feed and rising consumption of animal-derived products are expected to drive market growth,” says a Fact.MR analyst.
Competitive Analysis
Due to the presence of several global as well as domestic players, the butyric acid market is highly competitive in nature. Players in the market are constantly developing improved analytical solutions as well as extending their product offerings. The companies in Butyric Acid Market are focused on their alliances, technology collaborations, and product launch strategies. The Tier 2 players in the market are targeting to increase their Butyric Acid Market share.
One of the recent developments of Butyric Acid Market is as follows :
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Key Companies Profiled
Key Segments Covered in Butyric Acid Industry Research
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Questionnaire answered in the Butyric Acid Market report include:
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