Description
According to the report published by Zion Market Research, the global Butyric Acid Derivatives Market size was valued at USD 630.54 Million in 2022 and is predicted to reach USD 967.68 Million by the end of 2030. The market is expected to grow with a CAGR of 5.50% during the forecast period. The report analyzes the global Butyric Acid Derivatives Market’s growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Butyric Acid Derivatives Market industry.
Global Butyric Acid Derivatives Market: Overview
Butyric acid derivatives are a short chain of fatty acids that help in increasing the levels of Hb F through histone acetylation modulation. The compound is primarily used in various animal feed applications. These products offer myriad benefits like improvement in digestion, protection of internal body organs from microbes, making body metabolism effective, and promoting colon health of farm animals.
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Global Butyric Acid Derivatives Market: Growth Factors
Inflating population and rise in the living standards along with an increase in the disposable income of the customers has enhanced the meat demand across the globe. This factor is likely to impel the market demand. Moreover, the shift in the meat-eating habits in the Western regions from ruminant meat & beef to pork and chicken is anticipated to propel the butyric acid derivatives market demand. Apart from this, clinical usage of butyric acid derivatives to prompt antigen- explicit T cell inactivation will stimulate the market expansion over the years ahead.
Furthermore, the massive need for minimizing pungent aroma of the meat will steer butyric acid derivatives industry expansion across the globe.
Global Butyric Acid Derivatives Market: Segmentation
The butyric acid derivatives market can be classified into animal feed and product type. On the basis of animal feed, the industry is segmented into poultry, fish, swine, turkey, pigeon, and duck. Based on the product type, the butyric acid derivatives market is classified into calcium butyrate and sodium butyrate.
Global Butyric Acid Derivatives Market: Regional Analysis
Based on the region, the butyric acid derivatives market can be divided into five main regions: North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. Asia Pacific region is likely to dominate the overall butyric acid derivatives market over the estimated time span, subject to massive production of meat in the zone. Apart from this, the humongous presence of large feedstock and myriad butyric acid derivative processors in the sub-continent is projected to steer the growth of butyric acid derivatives market.
Moreover, the European market is predicted to succeed in the Asia Pacific market in terms of product intake. With the sub-continent being the biggest producer of pork, it is going to make notable contributions towards the overall market size. Additionally, poultry meat production in Europe will further contribute toward the regional market surge. Furthermore, the EU has banned the use of antibiotics in animal feed and promoted the use of butyric acid as an antibiotic substitute. This has resulted in the expansion of butyric acid derivatives market in the European region.
The butyric acid derivatives market in North America is predicted to expand notably over the predicted timeline. The regional growth can be accredited to the massive impact of current R&D activities across the universities along with lucrative use of calcium butyrate & sodium butyrate processors in North America. Latin America and the Middle East and African markets have huge growth prospects and are destined to witness lucrative growth over the foreseeable future.
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Global Butyric Acid Derivatives Market: Competitive Players
Few of the main participants in butyric acid derivatives market are:
- Kemin Industries Inc.
- Nutreco N.V.
- Innovad
- Perstorp Holdings AB
- Koninklijke DSM N.V.
- Bioscreen Technologies S.R.L
- Palital GmbH & Co. KG.
The Global Butyric Acid Derivatives Market is segmented as follows:
By Animal feed
- poultry
- fish
- swine
- turkey
- pigeon
- duck
By Product Type
- calcium butyrate
- sodium butyrate
Global Butyric Acid Derivatives Market: Regional Segment Analysis
- North America
- The U.S.
- Europe
- The UK
- France
- Germany
- The Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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