Global Butyric Acid Derivatives Market Size to grow by US$ 1.4 Billion in 2030.
June-2022
Chemicals-and-Advanced-Materials
Global
Press Release
The butyric acid derivatives market is projected to grow USD 1.4 Bn in 2030, at a CAGR of 7.6%. Butyric Acid Derivatives Market demand is predicted to be driven by a shift in meat-eating habits in western regions from antelope meat and beef to pork and poultry. Aside from that, therapeutic use of butyric acid derivatives to improve antigen-explicit T cell inactivation is expected to drive market expansion over the projection period. Furthermore, the critical necessity to reduce the strong odour of meat will propel the global butyric acid derivatives market forward. One of the major factors driving butyric acid derivatives market sales from plasticizer applications is the growing demand for beautiful packing items. Furthermore, the growing working population, particularly among women, has boosted market demand. Because butyric acid is employed as a solvent, increased infrastructure operations and supportive government legislation have fueled market demand for paints and coatings. Butyric acid derivatives are moving towards rapid industrialization, developing food and beverage sectors, and increased demand for flavouring additives.
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The butyric acid derivatives market has grown significantly in response to rising global demand for nutritious animal feed. The key impetus for the use of butyric acid derivatives as additives is projected to be an increase in production and demand for various animal feeds. The ever-changing poultry business provides reliable revenue streams for butyric acid derivatives producers. This is clear given that chicken is the world's second most popular meat. Butyric acid salts and esters are being produced in greater quantities by manufacturers in the butyric acid derivatives industry. Manufacturers of butyric acid derivatives for pigs or swine feed are diversifying their manufacturing beyond poultry. Butyric acid has been discovered to have exceptional health benefits.
Butyric acid derivatives have a wide range of applications in animal feed, including regulating gastrointestinal health, enhancing digestion, and improving metabolism. Over the projected period, the increasing usage of butyric acid derivatives in animal chemical feed is expected to be the main driver of butyric acid derivatives market growth. Increasing demand for meat, population growth, increased awareness of the benefits of meat consumption, increased focus on animal health, rising incidence of animal diseases, and rising demand for fish are all variables that will influence butyric acid derivative shipments in the coming years.
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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. 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. 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.
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.
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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.
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