Increasing Consumption of Meat to Drive Demand for Butyric Acid Derivatives at CAGR of 7.2% through 2031, Fact.MR Opines
The butyric acid derivatives market stands at US$ 763 million in 2022, and is anticipated to surge at a CAGR of 7.2% from 2022 to 2031, according to detailed industry analysis by Fact.MR – a market research and competitive intelligence provider.
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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Butyric acid derivative manufacturers are focusing on mergers, acquisitions, partnerships, and collaborations to maximize their sales potential on a global scale.
- In October 2019, Nutreco, a leading name in animal nutrition, announced the acquisition of Animal Nutrition and Health (ANH). This acquisition was made through Kaonne Investments at an undisclosed price.
Key Takeaways from Market Study
- The butyric acid derivatives market is projected to progress at a CAGR of 7.2% and reach a valuation of US$ 1.43 billion by the end of 2031.
- Rising consumption of meat, increasing prevalence of animal diseases, and growing use of butyric acid derivatives in animal feed are expected to drive market growth over the coming years.
- Increasing popularity of veganism and rising preference for plant-based foods are expected to have a restraining effect on the demand for butyric acid derivatives.
- Sodium butyrate is expected to hold a dominant market share in the product type segment.
- Increasing consumption of pork is expected to drive demand for swine animal feed over the coming years.
“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.
Winning Strategy
Butyric acid derivative manufacturers are focusing on aquaculture in order to fulfil the high demand from rising fish consumption. Butyric acid derivative suppliers are also adopting various organic and inorganic growth strategies to maximize their business potential across regions of the world.
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 :
- In May 2022, Petronas Chemical Group acquired Perstorp Holding AB, with an objective to strengthen their petrochemicals business. This acquisition will also help Petronas Chemical Group to diversify into specialty chemicals and derivatives.
Similarly, recent developments related to companies in Butyric Acid Market have been tracked by the team at Fact.MR, which are available in the full report.
Market Frontrunners
- Eastman Chemical Company
- Perstorp Holding AB
- Tokyo Chemical Industry Co., Ltd.
- Beijing Huamaoyuan Fragrance Flavor Co., Ltd.
- Snowco Industrial Co., Ltd.
- Innova Global (India)
- Sisco Research Laboratories Pvt. Ltd.
- Yufeng International Co., Ltd
- Oxea GmbH
- Blue Marble Biomaterials
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Industry Research
- Butyric Acid Derivatives Market by Animal Feed :
- Poultry
- Swine
- Aquaculture
- Others (including Goats and Sheep)
- Butyric Acid Derivatives Market by Product :
- Sodium Butyrate
- Calcium Butyrate
- Esterified Tributyrin
- Others (Potassium Butyrate and Magnesium Butyrate)
- Butyric Acid Derivatives Market by Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Report Highlights
- Sales of Butyric acid In 2023
- Competitive Analysis of Butyric acid
- Butyric acid and Analysis of Butyric acid
- Key Trends of Supply Side Analysis of Butyric acid
- Outlook of Butyric acid
- Insights of Butyric acid
- Analysis of Butyric acid
- Survey of Butyric acid
- Size of Butyric acid
A short viewpoint offered in the report elucidates the macro-economic aspects that influence the growth drivers of Butyric acid, which includes global GDP of Butyric acid growth rate, various industries growth rate, such as cosmetics, pharmaceuticals, food and others.
This newly published and insightful report compounds sheds light on key dynamics, Key Trends of Butyric acid and their impact on the overall value chain from Butyric acid to end-users, which are expected to transform the future of the Butyric acid sales.
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global butyric acid derivatives market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2031.
The study divulges essential insights on the market on the basis of product (poultry, swine, aquaculture, others [including goats and sheep]) and animal feed (sodium butyrate, calcium butyrate, esterified tributyrin, others [potassium butyrate and magnesium butyrate]), across six major regions (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).
Check out more related studies published by Fact.MR Research: https://www.globenewswire.com/news-release/2023/03/01/2618530/0/en/Paper-Dyes-Market-Is-Projected-To-Expand-At-A-CAGR-Of-2-5-To-Reach-A-Valuation-Of-US-1-3-Billion-In-2033-States-Fact-MR.html
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