Butyric Acid Derivatives Market Opportunities, Business Forecast To 2028
The global butyric acid derivatives market size was valued at USD 332.64 Mn. in 2021, and it is expected to reach USD 1021.05 Mn. by 2028 with a CAGR of 16% during the forecast period 2022-2028. Butyric acid derivatives are a short chain of fatty acids that modulate histone acetylation to help increase Hb F levels. Butyric acid, commonly known as Butanoic acid, is a carboxylic acid with the chemical formula CH3CH2CH2CO2H. It is a straight-chain alkyl carboxylic acid with the chemical formula CH3CH2CH2CO2H. It's a greasy, colourless liquid with an obnoxious odour. Butyric acid and its derivatives have a wide range of uses in the food, perfume, and fragrance industries, as well as the polymer and pharmaceutical industries. Butyrates are salts and esters of butyric acid, while isobutyric acid (2-methylpropanoic acid) is an isomer.
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During the projection period, the market
will be driven by increased demand for specialty chemicals in multiple end
sectors such as pharmaceutical, animal feed, food & beverage, and personal
care. Starch is an odourless powder that is insoluble in cold water, alcohol,
and other solvents. Butyric acid's market expansion is further aided by the
rising prevalence of health-related diseases such as diabetes, anxiety,
obesity, and others. The increasing poultry sector, together with rising worldwide
chicken consumption, is driving market demand. One of the primary driving
factors for butyric acid is the increased demand for alternative and biofuels
in the aerospace and automotive industries. Cosmetics usage is increasing as a
result of changing lifestyles and the rise in working women in developing
countries, which is fueling market expansion between 2021 and 2026. However,
market expansion is projected to be hampered by fluctuating raw material prices
and the health risks associated with butyric acid throughout the forecast
period.
The global butyric acid derivatives
market segmentation:
1)By Product: Sodium Butyrate, Calcium
Butyrate and Others.
2) By Animal Feed: Poultry, Swine and Others
By 2028, Asia-Pacific is estimated to have
the greatest market share in the Butyric Acid Derivatives Market, owing to the
region's massive meat production. Apart from that, the subcontinent's massive
presence of big feedstock and numerous butyric acid derivatives processors is
predicted to drive the Butyric Acid Derivatives Market forward. In terms of
product consumption, the European market is predicted to overtake the
Asia-Pacific market. Because the subcontinent is the largest producer of pork,
it will contribute financially to the entire market size.
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There are several industry players working in the Butyric Acid Derivatives Market, which
include Perstorp Holding AB, Nutreco N.V., Bioscreen Technologies S.R.L, Kemin
Industries, Innovad, Palital GmbH and Co. KG, Anmol Chemicals, Jainex Specialty
Chemicals, Hangzhou King Technia Technology, Sanluc International NV
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