Butyric acid is revolutionizing fragrance compositions in the cosmetic industry. Its distinctive fruity, buttery, or cheesy aroma adds unique and intriguing notes to perfumes and fragrances. Perfumers use butyric acid in trace amounts to create captivating and innovative scent profiles, setting their creations apart from conventional fragrances. As consumer preferences shift towards more adventurous and distinctive scents, the incorporation of butyric acid opens up new possibilities for perfumers to craft captivating and memorable fragrances that cater to modern beauty and fashion trends. Butyric acid exhibits diverse applications, features, and uses across various industries. In the food industry, it serves as a flavoring agent and preservative.
Access Full Report @ https://www.databridgemarketresearch.com/zh/reports/global-butyric-acid-market
Data Bridge Market Research analyses that the Global Butyric Acid Market is valued at USD 317 million in 2022 and is expected to reach USD 687.47 million by 2030, registering a CAGR of 10.16% during the forecast period of 2023 to 2030. Butyric acid's application as an animal feed additive is instrumental in promoting gut health and improving animal performance. Its beneficial effects on the digestive system lead to increased demand in the livestock industry, where farmers and producers seek to enhance the health and productivity of their animals.
Key Findings of the Study
Rising demand for perfumes and fragrances is expected to drive the market's growth rate
Butyric acid's inclusion in perfumes and fragrances enhances its demand in the cosmetic industry. Its distinct odor profile, described as a fruity, buttery, or cheesy aroma, adds unique nuances to fragrance compositions. Perfumers use butyric acid in trace amounts to create specific scent notes, adding complexity and depth to the overall fragrance. As consumers seek diverse and alluring fragrances, the incorporation of butyric acid in perfumes contributes to the innovation and popularity of cosmetic products in the market.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2023 to 2030
|
|
Base Year
|
2022
|
|
Historic Years
|
2021 (Customizable to 2015-2020)
|
|
Quantitative Units
|
Revenue in USD Billion, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Type (Renewable Butyric Acid, Natural Butyric Acid, Synthetic Butyric Acid), Derivatives (Sodium Butyrate, Calcium Butyrate, Others), Application (Animal Feed, Chemical Intermediate, Food and Flavors, Pharmaceuticals, Perfumes, Inks, Paints and Coatings, Human Dietary Supplements, Others)
|
|
Countries Covered
|
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.
|
|
Market Players Covered
|
Eastman Chemical Company (U.S), Perstorp (Sweden), Oxea GmbH (Germany), Zhonglan Industry Co., Ltd. (China), Tokyo Chemical Industry Co., Ltd. (Japan), Alfa Aesar (U.S.), Jinan Haohua Industry Co., Ltd.(China), Solvay (Belgium), Celanese Corporation (U.S.), Thermo Fisher Scientific Inc. (U.S.), Aldon Corporation (U.S.), Yufeng International Group Co., Ltd (China), Weifang Qiyi Chemical Co., Ltd. (China), ELiE Health Solutions (India), Kemin Industries, Inc. (U.S.), Advanced Biotech (U.S.), Hefei TNJ Chemical Industry Co.,Ltd. (China), Vigon International, LLC. (U.S.), Axxence Aromatic GmbH (Germany), Augustus Oils Ltd. (U.K.), Ennolys (France)
|
|
Data Points Covered in the Report
|
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework
|
Segment Analysis:
The butyric acid market is segmented on the basis of type, derivatives, and application.
- On the basis of type, the butyric acid market is segmented into renewable butyric acid, natural butyric acid, and synthetic butyric acid. In 2023, the natural segment is expected to dominate the butyric acid for animal feed market with the highest CAGR of 9.7% in the forecast period of 2023 to 2030 due to increasing consumer preferences for eco-friendly and sustainable products.
In 2023, the natural segment is expected to dominate the butyric acid for animal feed market
In 2023, the natural segment is expected to dominate the butyric acid for animal feed market with the highest CAGR of 9.7% in the forecast period of 2023 to 2030 because butyric acid derived from natural sources, such as fermentation of sugar or plant-based feedstocks, aligns with the growing demand for bio-based and renewable chemicals. Additionally, natural butyric acid is widely used in the food and beverage industry as a flavoring agent and in the pharmaceutical industry for its therapeutic properties. The rise in green and clean-label trends encourages the adoption of natural butyric acid, making it the preferred choice in the market.
On the basis of derivatives, the butyric acid market is segmented into sodium butyrate, calcium butyrate, and others. In 2023, the sodium butyrate segment is expected to dominate the butyric acid for animal feed market with the highest CAGR of 9.1% in the forecast period of 2023 to 2030 due to its widespread applications and popularity across various industries.
In 2023, the sodium butyrate segment is expected to dominate the butyric acid for animal feed market
In 2023, the sodium butyrate segment is expected to dominate the butyric acid for animal feed market with the highest CAGR of 9.1% in the forecast period of 2023 to 2030 as a sodium salt of butyric acid, it offers improved stability and solubility, making it easier to handle and formulate in various products. Sodium butyrate finds extensive use in animal feed additives to enhance gut health and improve animal performance. Additionally, it is utilized in the pharmaceutical industry for its therapeutic properties. Its versatile and effective characteristics have made sodium butyrate the preferred choice, driving its dominance in the butyric acid market.
- On the basis of application, the butyric acid market is segmented into animal feed, chemical intermediate, food and flavors, pharmaceuticals, perfumes, inks, paints and coatings, human dietary supplements, and others. In 2022, the animal feed segment is expected to dominate the global butyric acid market with the highest CAGR of 9.7% in the forecast period 2022 to 2029 due to its substantial and consistent demand from the livestock industry.
Major Players
Data Bridge Market Research recognizes the following companies as the major Butyricacid market players in butyric acid market are Eastman Chemical Company (U.S), Thermo Fisher Scientific Inc. (U.S.), Yufeng International Group Co., Ltd (China), Weifang Qiyi Chemical Co., Ltd. (China), DSM (Netherlands)
Market Developments
- In 2022, Perstorp unveiled Gastrivix Avi, an innovative addition to their broiler feed solutions, aimed at promoting gut health. This specialized treatment combines the benefits of valeric and butyric acid. With the launch of Gastrivix Avi, Perstorp expands its range of solutions dedicated to enhancing the health and performance of broiler birds, offering a unique combination of these two acids to support optimal gut health in poultry.
- In 2022, METEX NVISTA and ALINOVA have entered into an agreement to market the first 100% bio-based butyric acid for animal nutrition in France. Through this partnership, ALINOVA aims to fulfill its clients' needs for natural and sustainable ingredients by expanding its range of technical, performance-enhancing products.
- In 2020, The Eastman Chemical Company received the Project of the Year award for its innovative recycling strategy. This recognition not only acknowledges their efforts but also helps the company boost business sales by introducing new products to the market.
- In 2020, Celanese Corporation signed a technology licensing agreement for the acetic acid pathway to acrylic acid. This agreement is instrumental in generating revenue and expanding the customer base for the business.
Regional Analysis
Geographically, the countries covered in the Butyricacid 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.
As per Data Bridge Market Research analysis:
Asia-Pacific is the dominant region in the butyric acid market during the forecast period 2023 - 2030
In 2023, Asia-Pacific dominated the butyric acid market as processed food becomes more prevalent in modern diets, the demand for flavoring agents and preservatives like butyric acid rises. Additionally, the growing demand for animal feed, driven by the expanding livestock industry, contributes to market growth. Butyric acid's role as a feed additive to promote gut health and enhance animal performance further boosts its demand, highlighting its significance in both the food and agriculture sectors.
Europe is expected to witness significant growth during the forecast period of 2023 to 2030
In 2023, Europe is expected to witness significant growth as meat consumption increases, and so does the need for animal feed additives that can enhance gut health and improve livestock performance. Butyric acid, known for its beneficial effects on the digestive system, is widely used as a feed additive in the livestock industry. Its ability to promote gut health and improve nutrient absorption in animals has made it a valuable tool for farmers and producers in Germany, driving its increasing demand in the market.
For more detailed information about the butyric acid market report, click here – https://www.databridgemarketresearch.com/zh/reports/global-butyric-acid-market
