Global Food Grade Butyric Acid Market Size Worth USD 848 Million By 2033 | CAGR of 14.98%
Category: Chemicals & MaterialsGlobal Food Grade Butyric Acid Market Size Worth USD 848 Million By 2033
According to a research report published by Spherical Insights & Consulting, Global Food Grade Butyric Acid Market is to Grow from USD 210 Million in 2023 to USD 848 Million by 2033, at a Compound Annual Growth Rate (CAGR) of 14.98% during the projected period.
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Browse key industry insights spread across 190 pages with 95 Market data tables and figures & charts from the report on "Global Food Grade Butyric Acid Market Size, Share, and COVID-19 Impact Analysis, By Type (Synthetic Butyric Acid and Renewable Butyric Acid), By Purity (Less than 99% and 99%), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here:https://www.sphericalinsights.com/reports/food-grade-butyric-acid-market
Food-grade butyric acid is used as an acidulant, flavoring, and preservative in food preparation. It is an oily, colorless liquid with a strong, unpleasant odor. One of the primary drivers of the market for food-grade butyric acid is the rising desire for natural and organic food items. As people grow more aware of the health benefits of consuming organic foods, there is a growing demand for food items free of artificial additives and preservatives. Butyric acid is preferred for use in organic foods since it is a naturally occurring chemical. One of the main reasons for the growth of the dairy business is the increased demand for dairy products from consumers due to the world's rapid population growth. However, the changes in the cost of production techniques or raw materials, as well as competitive pricing, could restrict market expansion.
The renewable butyric acid is anticipated to hold the biggest market share.
Based on the type, the global food grade butyric acid market is divided into synthetic butyric acid and renewable butyric acid. Among these, the renewable butyric acid is anticipated to hold the biggest market share. Bio-based feedstocks are commonly used to manufacture renewable butyric acid, which provides an environmentally friendly alternative. Additionally, consumers' and industries' growing preference for sustainable and bio-based products is driving the renewable butyric acid segment's share of the food grade butyric acid market. Renewable butyric acid is becoming more and more necessary as environmental and sustainability concerns gain traction.
The 99% segment is anticipated to hold the largest market share.
Based on the purity, the global food grade butyric acid market is divided into less than 99% and 99%. Among these, the 99% segment is anticipated to hold the largest market share. The 99% segment is expected to hold the majority of the food-grade butyric acid market share throughout the forecast period due to the extensive usage of high-purity level sensors in a number of industries, such as healthcare and construction. The healthcare sector is going to enter a new era of intelligent disease diagnosis and management, virtual care, intelligent health management, intelligent monitoring, and intelligent decision-making.
Asia-Pacific is projected to hold the biggest share of the global food grade butyric acid over the forecast period.
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The growing awareness of health and well-being, particularly in countries like China and India, is driving demand for functional foods and supplements that include butyric acid, which is known to have positive effects on gut health. The demand for premium meat and dairy products is driving the region's expanding animal feed industry, which in turn promotes the use of butyric acid as an addition to enhance animal nutrition.
North America is predicted to grow fastest pace throughout the forecast period. Customers' increasing desire for natural and clean-label ingredients in food products is driving the demand for food-grade butyric acid as a natural preservative and taste enhancer. Butyric acid is becoming a more popular food preservation component in the area due to the expanding processed food industry, which is driven by convenience and busy lifestyles.
Major vendors in the global food grade butyric acid market include, Mitsubishi Chemical Corporation, Hebei Chengxin,, BASF SE,, Guangzhou Tinci,, Sasol,, INEOS,, Yifan Chemical,, LyondellBasell Industries Holdings B.V,, Tate Lyle, Wuhan Hubei Fine Chemical,, Alfa Aesar,, Nantong Acetic Acid Chemical,, Perstorp,, Eastman Chemical,, Exxat Corporation, Kemin Industries, and Others.
Recent Developments
- In December 2023, the ButiShield, a low-odor, encapsulated calcium butyrate source that is safe for daily use and provides a customized release of butyric acid at over 35%, was introduced by Kemin Industries.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global food grade butyric acid market based on the below-mentioned segments:
Global Food Grade Butyric Acid Market, By Type
- Synthetic Butyric Acid
- Renewable Butyric Acid
Global Food Grade Butyric Acid Market, By Purity
- Less than 99%
- 99%
Global Food Grade Butyric Acid Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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