Butyric Acid Market Size, Share & Trends Analysis Report By Type, By End-use, By Region, And Segment Forecasts, 2023 To 2030

Butyric acid market is expected to witness significant growth owing to the growing demand in pharmaceutical and food industry. Asia pacific is anticipated to emerge as leading market owing to the rapid growth of animal feed and chemical industry. Rising petrol prices and growing demand is anticipated fuel demand for renewable butyric market over forecast period.

Butyric acid is a short-chain fatty acid that is commonly used in the food, animal feed, and pharmaceutical industries. It is also used as a chemical intermediate in the production of various chemicals, including esters, butanol, and butyl acetate.

Further, strict regulations and increasing focus on food safety is expected to hinder growth of the market.The animal feed industry is expected to be the largest end-user segment, with increasing demand for butyric acid as a feed additive to improve animal health and growth. The food industry is also expected to see significant growth, with increasing demand for butyric acid as a food preservative and flavoring agent.

The market is bifurcated into type and end-use. The type segment is further categorized into synthetic and renewable. The end-use segment is further divided into pharmaceuticals, biofuels, food additive & flavoring, animal feed, cosmetic, plasticizer, leather tanning and others. Growing demand for packaged food and meat are major drivers for demand of butyric acid in final products.

Some of the key players operating in the market include Blue Marble Biomaterials, OXEA GmbH, Beijing Huamaoyuan Fragrance Flavor Co., ltd, Perstorp Holding AB, Eastman Chemical Company, Tokyo Chemical Industry Co. Ltd, Snowco industrial Co., Ltd, Alfa Aesar. Prominent players involved in the space are focusing on business expansion activities through mergers and partnerships. For instance, in April 2022, Perstorp Holding AB launched Gastrivix a broiler feed solution which is developed after considering birds biological needs and growth.  

Increasing demand from the food and animal feed industries. The growing awareness of the health benefits of butyric acid, such as its ability to improve gut health and boost the immune system, is also expected to drive market growth over forecast period.