Global Trihydroxy-Butyrophenone (THBP) for Feed Market, By Type (Natural and Synthetic), Form (Dry and Liquid), and Application (Food & Feed Additives, Pharmaceuticals & Personal Care Products, Fuel & Lubricant Additives, Plastic; Rubber;& Latex Additives, and Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
Trihydroxy-butyrophenone is antioxidant which is usually used in many applications. Feed antioxidants are substances used in animal feeds to extend feed shelf life by preventing undesirable oxidation in finished feeds and animal guts. Feed antioxidants are known to preserve the nutritional and energy value of the feed while also preventing fat rancidification.
Data Bridge Market Research analyses that the trihydroxy-butyrophenone (THBP) for feed market which was valued at 2.4 billion in 2021 and is expected to reach the value of USD 5.14 billion by 2029, at a CAGR of 10.0% during the forecast period of 2022 to 2029.
Market Definition
Trihydroxy-butyrophenone is a type of organic compound known as an alkyl-phenylketone. These are aromatic compounds that contain a ketone and one alkyl group substituted by a phenyl group. It is used as an antioxidant in polyolefins, paraffin waxes, vegetable oils, and animal fats; as a food additive; and as a chemical preservative in animal feeds.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Natural and Synthetic), Form (Dry and Liquid), and Application (Food & Feed Additives, Pharmaceuticals & Personal Care Products, Fuel & Lubricant Additives, Plastic; Rubber;& Latex Additives, and Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Dow (US), BASF SE (Germany), Perstorp (Sweden), Eastman Chemical Company (U.S.), Niacet, A Kerry Company (U.S.), Macco Organiques Inc. (Canada), Mitsubishi Chemical Corporation (Japan), ADDCON GmbH (Germany), Impextraco NV (Belgium), Kemin Industries, Inc. (U.S.), Krishna Chemicals (India), Prathista Industries Limited (India), OXEA GmbH (Germany), Merck KGaA (Germany), Titan Biotech (India), NOVUS INTERNATIONAL (USA), Daicel Corporation (Japan), Celanese Corporation (US), Corbion NV (Netherlands), Otto Chemie Pvt. Ltd. (India)
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Opportunities
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Trihydroxy-Butyrophenone (THBP) for Feed Market Dynamics
Drivers
- Rising usage from the medical and pharmaceutical market
The increasing medical use of trihydroxy-butyrophenone will accelerate the growth rate of the trihydroxy-butyrophenone market for animal feed. trihydroxy-butyrophenone has antifungal and antimicrobial properties and a high water solubility which will increase its demand in the animal feed market.
- Rising concerns for animal nutrition and health
The increased concern for improving animal nutrition will accelerate the growth rate of the trihydroxy-butyrophenone feed market. As people become more concerned about animal nutrition, the propionic acid industry's share of animal feed applications will grow. The growing popularity of dairy and poultry products has given rise to a plethora of animal feed options. This will have an impact on market dynamics during the forecast period. Furthermore, the trihydroxy-butyrophenone feed market is being driven by significant factors such as increased disposable income and urbanisation. The market for propionic acid for animal feed is expected to grow rapidly over the forecast period due to an increase in the number of applications of the product in the production of other chemicals and the growth of the livestock industry.
The market for trihydroxy-butyrophenone feed is expected to grow rapidly over the forecast period due to an increase in the number of applications of the product in the production of other chemicals and the growth of the livestock industry. The rising demand for personal care and cosmetic products will have an impact on the revenue growth of the trihydroxy-butyrophenone feed market. Another important factor is the growing concern about animal health in order to prevent disease outbreaks, which will dampen the growth rate of trihydroxy-butyrophenone feed market.
Opportunity
The global feed industry is concentrating its efforts on increasing feed efficiency by increasing feed conversion rates for all major livestock. The feed and livestock industries can achieve sustainability by developing a standardised environmental footprint methodology based on "life-cycle analysis" that includes the entire supply chain. The creation of common metrics can also aid in the calculation of a wider range of resource efficiency indicators. Through resource-efficient feed production, efficient use of feed ingredients can help to reduce the environmental impact of livestock farming. The use of by-products from other processing industries can help to alleviate the strain on land-grown crops.
Restraints
With an increasing number of restrictions imposed globally as a result of the COVID-19 pandemic, demand has suffered in terms of supply chains. This factor will slow the market for trihydroxy-butyrophenone feed. However, rising environmental concerns will pose new challenges to market expansion. Furthermore, a lack of technological innovations and production facilities will act as major restraints, slowing the market's growth rate.
This trihydroxy-butyrophenone (THBP) for feed market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the trihydroxy-butyrophenone (THBP) for feed market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Trihydroxy-butyrophenone (THBP) for Feed Market
COVID-19 has wreaked havoc on nearly every industry, including infrastructure, transportation, oil and gas, and manufacturing. To combat the COVID-19 pandemic, most countries imposed lockdown restrictions, which have now been gradually lifted phase by phase and industry by industry. The trihydroxy-butyrophenone industry suffered greatly as a result of the COVID-19 epidemic, which wreaked havoc on the global economy due to a lack of raw materials and labour. Export restrictions on animal feed to neighbouring and other outlying nations, primarily in Europe, contributed to supply and production shortages. This will also slow the growth of the trihydroxy-butyrophenone feed market.
Global Trihydroxy-butyrophenone (THBP) for Feed Market Scope
Trihydroxy-butyrophenone (THBP) for feed market is segmented on the basis of type, form and application. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Type
- Natural
- Synthetic
On the basis of type, the trihydroxy-butyrophenone (THBP) for feed market is segmented into natural and synthetic.
Form
- Dry
- Liquid
On the basis of form, the trihydroxy-butyrophenone (THBP) for feed market is segmented into dry and liquid
Application
- Food & Feed Additives
- Pharmaceuticals & Personal Care Products
- Fuel & Lubricant Additives
- Plastic
- Rubber;& Latex Additives
- Others
Based on application, the trihydroxy-butyrophenone (THBP) for feed market is segmented into food & feed additives, pharmaceuticals & personal care products, fuel & lubricant additives, plastic; rubber;& latex additives, and others.
Trihydroxy-butyrophenone (THBP) for Feed Market Regional Analysis/Insights
The trihydroxy-butyrophenone (THBP) for feed market is analysed and market size insights and trends are provided by country type, form and application as referenced above.
The countries covered in the trihydroxy-butyrophenone (THBP) for feed market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
The United States dominates the North America trihydroxy-butyrophenone (THBP) for feed market due to rising disposable income levels and the expansion of the personal care and cosmetics industries, whereas the United Kingdom is expected to grow in the Europe trihydroxy-butyrophenone (THBP) for feed market during the forecast period of 2022-2029 due to the region's growing pharmaceutical production.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Trihydroxy-butyrophenone (THBP) for Feed Market Share Analysis
The trihydroxy-butyrophenone (THBP) for feed market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to trihydroxy-butyrophenone (THBP) for feed market.
Some of the major players operating in the trihydroxy-butyrophenone (THBP) for feed market are:
- Dow (U.S.)
- BASF SE (Germany)
- Perstorp (Sweden)
- Eastman Chemical Company (U.S.)
- Niacet, A Kerry Company (U.S.)
- Macco Organiques Inc. (Canada)
- Mitsubishi Chemical Holdings Corporation (Japan)
- ADDCON GmbH (Germany)
- Impextraco NV (Belgium)
- Kemin Industries, Inc. (U.S.)
- Krishna Chemicals (India)
- Prathista Industries Limited (India)
- OXEA GmbH (Germany)
- Merck KGaA (Germany)
- Titan Biotech (India)
- NOVUS INTERNATIONAL (U.S.)
- Daicel Corporation (Japan)
- Celanese Corporation (U.S.)
- Corbion NV (Netherlands)
- Otto Chemie Pvt. Ltd. (India)
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