Global Butyric Acid Derivatives Market Size, Share, and COVID-19 Impact Analysis, By Animal Feed (Poultry, Swine, Aquaculture & Others), By Product (Sodium butyrate, Calcium butyrate, Esterified Tributyrin & Others), By Application (Pharmaceutical, Food & Beverages, Cosmetics, Chemicals & Others), and by Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa) Analysis and Forecast 2022-2030
KEY MARKET INSIGHTS
The butyric acid derivatives market was valued at USD 0.6 Bn in 2021. The market is projected to grow USD 1.4 Bn in 2030, at a CAGR of 7.6%. Butyric acid is a naturally occurring one of the short-chain saturated fatty acid found in the human body has a persistent, penetrating, colorless liquid, clear, and strong pungent odor. Butyric acid esters and salts are utilised in a number of products, including perfumes and flavourings. Butyric acid derivatives play crucial role in plant as well as animal physiology. Butyric acid supports the growth of tissues covering the GI tract and the establishment of the intestinal epithelium in monogastric animals. Butyric acid can improve tight junctions in the small intestine, strengthening the intestinal barrier by upregulating tight junction proteins. Encapsulated butyric acid can minimise the detrimental effects of environmental and pathogenic stressors by strengthening the barrier and assisting in barrier regeneration. When butyric acid reaches the lower intestine, it is most active, guaranteeing that the animal benefits from its antipathogenic as well as metabolic and physiological properties. As a result, encapsulated butyric acid is preferable to uncoated butyric acid. Encapsulated butyric acid has become a first-choice antibiotic option for broiler, layer, turkey, and swine farmers as the industry shifts to limit antibiotic use.
COVID-19 ANALYSIS
The outbreak of COVID-19 has impacted severely on the supply chain of the chemicals industry. Furthermore, the impact of the pandemic on society and the economy was seen as a result of global lockdowns, which impacted the butyric acid sector as procurement of raw materials was halted due to supply chain disruption. Safety, training, crisis management and response, awareness, re-forming business models, digitization and technological innovation, and other unforeseen effects have all been added to the global chemicals sector as a result of COVID-19.
LATEST TREND
Growing Awareness Regarding Health Benefits of Meat Among Population
The increasing demand of meat and poultry products will play significant factor driving the market growth of the global butyric acid derivatives market. The growing awareness regarding health benefits of protein in animals’ meat is likely to propel the market growth. Numerous benefits such as protection of internal body organs from microbes, improvement in digestion, body metabolism effective, and promoting colon health of farm animals amongst others.
DRIVING FACTORS
Growing Demand in Medical and Cosmetics Sector
Growing demand in medical including several drugs and cancer treatments is likely to propel the growth of the global butyric acid derivatives market. Increasing demand for plant based fragrances is creating the demand sales of the butyric acid derivatives. Moreover, clinical usage of butyric acid derivatives also helps to rise the antigen-explicit T cell inactivation will encourage market growth in the forecast period.
RESTRAINTS
Concerns Pertaining to Skin Infection Among Humans
Inhalation of butyric acid derivatives causes irritation of respiratory tract and mucous membrane to humans is likely to hamper the growth of the butyric acid derivatives market. It can cause lung or kidney damage in direct contact which can reduce the adoption of butyric acid derivatives among the products.
SEGMENTATION
The global butyric acid derivatives market is segmented by Animal Feed (Poultry, Swine, Aquaculture & Others), By Product (Sodium butyrate, Calcium butyrate, Esterified Tributyrin & Others), By Application (Pharmaceutical, Food & Beverages, Cosmetics, Chemicals & Others) and Region. Based on the animal feed, the market is categorized into poultry, swine, aquaculture & others. Based on product, the market is categorized into sodium butyrate, calcium butyrate, esterified tributyrin & others. Based on application, the market is categorized into pharmaceutical, food & beverages, cosmetics, chemicals, and others. Based on the region, the market is categorized into North America, Europe, Asia-Pacific, South America, Middle East and Africa.
Animal Feed Insights
Based on the animal feed segment, the global butyric acid derivatives market is categorized into poultry, swine, aquaculture & others. The swine segment has dominated the market share in 2020 of global butyric acid derivatives market owing to the rising swine feed demand in the United States. Low pig breeding and rearing costs in the country will boost demand for swine animal feed. Pork consumption has had a significant impact on the demand for pig feed and pig farming.
Product Insights
Based on the product segment, the global butyric acid derivatives market is categorized into sodium butyrate, calcium butyrate, esterified tributyrin & others. The sodium butyrate segment has dominated the market share in 2020 of global butyric acid derivatives market owing to the increasing demand of pigs among the people because pigs contain a large share of butyrate. It also acts as a good substitute for antibiotic growth promoters.
Application Insights
Based on the application segment, the global butyric acid derivatives market is categorized into pharmaceutical, food & beverages, cosmetics, chemicals, and others. The food & beverages segment is dominated the market share in 2020 of global butyric acid derivatives market owing to the increasing demand of additives in flavoring agents in meat and poultry products.
REGIONAL INSIGHTS
The global butyric acid derivatives market is categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa. Asia Pacific region is dominating the market share of global butyric acid derivatives market owing to the consumption of meat in the region is expected to skyrocket as a result of increased affluence and urbanization. The increasing resources of Asia's relatively new middle class is fueling a historic surge in demand for animal products. However, North America region is anticipated to grow over the next few years of global butyric acid derivatives market owing to the rising R&D initiatives and increasing demand in food & flavor and pharmaceuticals applications. For instance, National Renewable Energy Laboratory (NREL) developed an integrated process to manufacture butyric acid for diesel and jet fuel from lignocellulosic biomass.
PLAYERS PROFILED
- Perstorp Holding AB
- DSM
- Eastman Chemical Company
- OQ Chemicals Corporation
- Kemin Industries, Inc.
- Arvesta
- Innovad
- Thermo Fisher Scientific
- Balchem Corporation
- KUNSHAN ODOWELL CO.,LTD.
- Others
Key Developments:
May 2022- Innovad Group announced to acquire Scentarom to strengthen the position to support the growth in feed palatability and essential oil products.
April 2022- OQ Chemical Corporation announced price escalation for n-Butyric Acid due to supply and demand in the current market.
December 2021- Arvesta launched Rumen-Ready, a magnesium butyrate, enables a slow release in the rumen of transition dairy cows during the dry period. Also helps in promoting gut development in young calves.
October 2020- Royal DSM acquired Erber Group focuses on mycotoxin risk management and gut health performance management to increase the product portfolio.
April 2018- DSM launched VilliMax 70 to improve poultry performance specially coated sodium butyrate for use in both conventional and antibiotic-free broiler and turkey programs.
LIST OF KEY PLAYERS PROFILED:
- Perstorp Holding AB
- DSM
- Eastman Chemical Company
- OQ Chemicals Corporation
- Kemin Industries, Inc.
- Arvesta
- Innovad
- Thermo Fisher Scientific
- Balchem Corporation
- KUNSHAN ODOWELL CO.,LTD.
SEGMENTATION
By Animal Feed
- Poultry
- Swine
- Aquaculture
- Others
By Product
- Sodium butyrate
- Calcium butyrate
- Esterified Tributyrin
- Others
By Application
- Pharmaceutical
- Food & Beverages
- Cosmetics
- Chemicals
- Others
By Region
- North America- U.S., Mexico, Canada
- Europe- UK, France, Germany, Italy
- Asia-Pacific- China, Japan, India
- Latin America- Brazil, Argentina, Colombia
- The Middle East and Africa- United Arab Emirates, Saudi Arabia
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Global Butyric Acid Derivatives Market Size
- June-2022
- 1 4 0
- Global
- Chemicals-and-Advanced-Materials
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