Butyric Acid Derivatives Market Size - Global Industry, Share, Analysis, Trends and Forecast 2023 - 2032
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The Butyric Acid Derivatives Market Size accounted for USD 652.4 Million in 2022 and is estimated to achieve a market size of USD 1,404.1 Million by 2032 growing at a CAGR of 8.2% from 2023 to 2032.
Butyric Acid Derivatives Market Highlights
- Global butyric acid derivatives market revenue is poised to garner USD 1,404.1 million by 2032 with a CAGR of 8.2% from 2023 to 2032
- Asia-Pacific butyric acid derivatives market value occupied around USD 248 million in 2022
- Asia-Pacific butyric acid derivatives market growth will record a CAGR of more than 10% from 2023 to 2032
- Among animal feed, the swine sub-segment generated noteworthy revenue in 2022
- Based on product, the sodium butyrate sub-segment generated significant share in 2022
- Collaborations for research and development initiatives is a popular butyric acid derivatives market trend that fuels the industry demand
Butyric acid derivatives find their primary use in animal feed applications, specifically in salts and butyric acid esters. These derivatives offer numerous advantages, such as enhancing digestion, boosting metabolism, and providing protection against harmful microbes. They also contribute to the overall colon health of farm animals. Various types of salts and esters are available in the market, including sodium butyrate, potassium butyrate, calcium butyrate, magnesium butyrate, and tributyrin. However, the most widely consumed butyric acid derivatives globally are sodium and calcium butyrate. Transforming butyric acid into its derivative forms, particularly salts, is crucial to mitigate its pungent odor and corrosive nature. As a result, the majority of butyric acid is either produced in salt form or converted into salts.
Global Butyric Acid Derivatives Market Dynamics
Market Drivers
- Increased demand for animal feed additives
- Growing awareness about animal health benefits
- Rising focus on enhancing livestock productivity
- Expansion of the agriculture and animal husbandry sectors
Market Restraints
- Stringent regulatory norms in some regions
- High production costs associated with derivatives
- Environmental concerns related to production processes
Market Opportunities
- Innovations in production technologies
- Expansion into emerging markets
- Development of novel derivative formulations
Butyric Acid Derivatives Market Report Coverage
Market | Butyric Acid Derivatives Market |
Butyric Acid Derivatives Market Size 2022 | USD 652.4 Million |
Butyric Acid Derivatives Market Forecast 2032 | USD 1,404.1 Million |
Butyric Acid Derivatives Market CAGR During 2023 - 2032 | 8.2% |
Butyric Acid Derivatives Market Analysis Period | 2020 - 2032 |
Butyric Acid Derivatives Market Base Year |
2022 |
Butyric Acid Derivatives Market Forecast Data | 2023 - 2032 |
Segments Covered | By Animal Feed, By Product, And By Geography |
Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Key Companies Profiled | Bioscreen Technologies S.R.L., Eastman Chemical Company, Innovad, Kemin Industries Inc., Koninklijke DSM N.V., Nutreco N.V., Palital GmbH & Co., Perstorp Holdings AB, Shanghai Kayi Chemical Co. Ltd., SNOWCO, Thermo Fisher Scientific, and Tokyo Chemical Industry Co. Ltd. |
Report Coverage |
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis |
Butyric Acid Derivatives Market Insights
During the butyric acid derivatives industry forecast period, the market is projected to expand by 8.2% at a compound annual growth rate (CAGR). Factors such as population growth, improved living standards, and increased disposable income have led to a surge in meat demand, particularly for chicken and pork. Consequently, the demand for butyric acid derivatives is expected to witness a corresponding increase. There's a notable shift in demand for butyric acid derivatives and other feed additives from ruminant and beef to poultry and pork.
The animal husbandry industry, which has traditionally relied on antibiotics and antibiotic growth promoters (AGPs), is facing concerns, especially in developed regions like Europe and North America. In response to the threats posed by antibiotic misuse, Europe has enforced a ban on their use in farm practices, leading to the adoption of carboxylic acid and its derivatives as alternatives to AGPs. This transition from AGPs to butyric acid derivatives is anticipated to emerge as a significant driver in the butyric acid market.
The global demand for meat is anticipated to surge due to improving economic conditions and rising living standards. This heightened demand is notably driven by robust growth in poultry and pork production, particularly in the Asia-Pacific, Europe, and North America regions, making the feed segment a significant contributor. Furthermore, to mitigate threats stemming from antibiotic misuse, Europe is implementing bans on antibiotic use in animals. This regulatory shift is a major catalyst driving the market for butyric acid derivatives, aiming to substitute antibiotics with compounds like butyric acid and other organic acids.
Butyric Acid Derivatives Market Segmentation
The worldwide market for butyric acid derivatives is split based on animal feed, product, and geography.
Butyric Acid Derivatives Animal Feeds
- Swine
- Poultry
- Others (including Duck, Pigeon, Turkey, and Fish)
According to butyric acid derivatives industry analysis, the market is segmented based on animal feed into poultry, swine, and other products (including ruminants, aquaculture, and pets). There's a significant rise in demand for white meat, particularly pork and chicken, observed mainly in the Asia-Pacific region. This surge in demand and production is a key driver for the global market of butyric acid derivatives. Within the animal feed segment, the swine sector stands as the dominant consumer of butyric acid derivatives. Conversely, in other regions, the poultry sector takes the lead. Pigs, requiring higher levels of butyric acid derivatives throughout their lifetime, drive the demand for sodium and calcium butyrate.
However, in past year, the Middle East & Africa segment was predominantly dominated by the poultry sector due to the region's primary focus on poultry meat production.
Butyric Acid Derivatives Products
- Calcium Butyrate
- Sodium Butyrate
- Esterified Tributyrin
- Others (including Potassium Butyrate and Magnesium Butyrate)
The product line comprises sodium butyric acid derivatives, including butyrates and other variations like esterified tributyrines, alongside calcium butyrate. Sodium butyrate stands as a widely utilized compound in the animal feed industry due to its advantages and will expected to grow continue over the butyric acid derivatives market forecast period. It reduces pungency and facilitates easier handling and usage of butyric acid.
Among the derivatives, sodium butyrate holds a prominent position as it offers crucial advantages over other variations. It exhibits better solubility compared to its calcium counterpart and demonstrates a higher antibiotic effect. Additionally, sodium butyrate molecules are smaller than calcium, resulting in lower intensity of smell and pungency. Moreover, the price of sodium butyrate is generally lower than that of calcium butyrate. Hence, globally, sodium butyrate outperforms calcium butyrate across all regions due to its overall superior performance.
Butyric Acid Derivatives Market Regional Outlook
North America
- U.S.
- Canada
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- India
- Japan
- China
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
The Middle East & Africa
- South Africa
- GCC Countries
- Rest of the Middle East & Africa (ME&A)
Butyric Acid Derivatives Market Regional Analysis
In 2022, the Asia-Pacific region emerged as the primary consumer of butyric acid derivatives, widely utilized in the region's meat production industry. Notably, China stands as a major consumer due to its high adoption rate in animal feed applications, contributing to over 30% of the market share in volume alone. Moreover, China leads in the manufacturing of butyric acid derivatives within Asia Pacific, further consolidating its position in the market.
North America is forecasted for significant market growth in the coming period. Ongoing research and development focusing on sodium butyrates and calcium butyrate by universities and processors in North America and Europe are expected to drive this growth. Consequently, the market in these regions is projected to experience rapid expansion during the butyric acid derivatives market forecast period. Anticipated to become a significant source of feed and a hub for various butyric acid derivatives processors, Asia-Pacific remains a focal point for market growth, while Europe closely follows suit, primarily driven by its significant role in pork manufacturing and consumption.
Butyric Acid Derivatives Market Players
Some of the top butyric acid derivatives companies offered in our report includes Bioscreen Technologies S.R.L., Eastman Chemical Company, Innovad, Kemin Industries Inc., Koninklijke DSM N.V., Nutreco N.V., Palital GmbH & Co., Perstorp Holdings AB, Shanghai Kayi Chemical Co. Ltd., SNOWCO, Thermo Fisher Scientific, and Tokyo Chemical Industry Co. Ltd.