Butyric Acid Market by Type, Derivatives, Application

List of Tables

The Butyric Acid Market was valued at USD 398.12 million in 2023, expected to reach USD 427.24 million in 2024, and is projected to grow at a CAGR of 6.33%, to USD 611.83 million by 2030.

Butyric acid, a carboxylic acid known for its rancid smell, falls under the scope of both industrial and biological applications, contributing to a diverse market landscape. This compound, aside from its unpleasant odor, plays a crucial role as an intermediate in various chemical reactions, a flavoring agent in food and beverages, and a precursor to biofuel production. Butyric acid's necessity lies in its broad applicability in producing esters, pharmaceuticals, and animal feed additives, where it enhances gut health and promotes growth in livestock. Within the industrial domain, its applications also extend to the manufacturing of perfumes and plastics. The growing demand for sustainable and eco-friendly products positions butyric acid as a valuable bio-based chemical in the green chemistry spectrum. Key growth drivers include rising awareness of gut health's impact on overall well-being, increasing demand for animal feed additives, and its role in biofuels aligning with global sustainability goals. Emerging opportunities are observed in the expansion of the bioplastics sector, where butyric acid derivatives are gaining traction. However, market growth faces challenges such as fluctuating raw material costs and the stringent regulatory landscape governing chemical manufacturing and use. High production costs, particularly in fermentation processes, also pose constraints. Innovations in biotechnological production methods and partnerships with biotechnology firms could minimize costs and help harness renewable feedstocks. Strategically, the Asia-Pacific region showcases immense potential owing to its significant agricultural base and rising industrialization, creating robust avenues for butyric acid application in feed and fuel. For business growth, research should focus on optimizing fermentation processes and developing cost-effective, scalable bio-based production techniques. The nature of the market is competitive, with a need for continuous innovation to align with eco-conscious consumer trends and regulatory requirements, suggesting that staying at the forefront of biotechnology advancements could ensure a competitive advantage.

KEY MARKET STATISTICS
Base Year [2023]	USD 398.12 million
Estimated Year [2024]	USD 427.24 million
Forecast Year [2030]	USD 611.83 million
CAGR (%)	6.33%

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Butyric Acid Market

The Butyric Acid Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Increasing consumption and demand for plastics
- Expansion of poultry and meat processing facilities
- Availability of butyric acid or butyrate supplements
Market Restraints
- Fluctuations in prices of butyric acid
Market Opportunities
- Development of biotechnological production methodologies for butyric acid
- Prevalence of green biorefinery concept
Market Challenges
- Possibility of side effects of consumption of butyric acid

Porter's Five Forces: A Strategic Tool for Navigating the Butyric Acid Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Butyric Acid Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Butyric Acid Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Butyric Acid Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Butyric Acid Market

A detailed market share analysis in the Butyric Acid Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Butyric Acid Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Butyric Acid Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Butyric Acid Market

A strategic analysis of the Butyric Acid Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Butyric Acid Market, highlighting leading vendors and their innovative profiles. These include Central Drug House (P) Ltd., DAYANG CHEM (HANGZHOU) CO., LTD ., DuPont de Nemours, Inc., Eastman Chemical Company, Evonik Industries AG, Hangzhou KAIXIN technology limited company, Hefei TNJ Chemical Industry Co., Ltd., Kemin Industries, Inc., Merck KGaA, Nacalai Tesque, Inc., OQ Chemicals GmbH, Palital Feed Additives B.V., Peekay Agencies Pvt. Ltd.,, Perstorp Holding AB, Snowco Industrial Co., Ltd, Sumitomo Chemical Co., Ltd., The Good Scents Company, Thermo Fisher Scientific Inc., Tokyo Chemical Industry Co, Vigon International, LLC. by Azelis Group, and Vizag Chemical.

Market Segmentation & Coverage

This research report categorizes the Butyric Acid Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Type, market is studied across Natural, Renewable, and Synthetic.
Based on Derivatives, market is studied across Calcium Butyrate and Sodium Butyrate.
Based on Application, market is studied across Animal Feed, Biofuel, Cosmetic, Food Additive & Flavoring, Leather Tanning, Pharmaceutical, and Plasticizer.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-B1685377A53D

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing consumption and demand for plastics
  - 5.1.1.2. Expansion of poultry and meat processing facilities
  - 5.1.1.3. Availability of butyric acid or butyrate supplements
- 5.1.2. Restraints
  - 5.1.2.1. Fluctuations in prices of butyric acid
- 5.1.3. Opportunities
  - 5.1.3.1. Development of biotechnological production methodologies for butyric acid
  - 5.1.3.2. Prevalence of green biorefinery concept
- 5.1.4. Challenges
  - 5.1.4.1. Possibility of side effects of consumption of butyric acid
5.2. Market Segmentation Analysis
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Butyric Acid Market, by Type

6.1. Introduction
6.2. Natural
6.3. Renewable
6.4. Synthetic

7. Butyric Acid Market, by Derivatives

7.1. Introduction
7.2. Calcium Butyrate
7.3. Sodium Butyrate

8. Butyric Acid Market, by Application

8.1. Introduction
8.2. Animal Feed
8.3. Biofuel
8.4. Cosmetic
8.5. Food Additive & Flavoring
8.6. Leather Tanning
8.7. Pharmaceutical
8.8. Plasticizer

9. Americas Butyric Acid Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Butyric Acid Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Butyric Acid Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
12.4. Strategy Analysis & Recommendation

Companies Mentioned

1. Central Drug House (P) Ltd.
2. DAYANG CHEM (HANGZHOU) CO., LTD .
3. DuPont de Nemours, Inc.
4. Eastman Chemical Company
5. Evonik Industries AG
6. Hangzhou KAIXIN technology limited company
7. Hefei TNJ Chemical Industry Co., Ltd.
8. Kemin Industries, Inc.
9. Merck KGaA
10. Nacalai Tesque, Inc.
11. OQ Chemicals GmbH
12. Palital Feed Additives B.V.
13. Peekay Agencies Pvt. Ltd.,
14. Perstorp Holding AB
15. Snowco Industrial Co., Ltd
16. Sumitomo Chemical Co., Ltd.
17. The Good Scents Company
18. Thermo Fisher Scientific Inc.
19. Tokyo Chemical Industry Co
20. Vigon International, LLC. by Azelis Group
21. Vizag Chemical