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CHEMICALS AND ADVANCED MATERIALS

Butyric Acid Derivatives Market Analysis by Animal Feed {Poultry, Swine, Aquaculture, and Others (Goats and Sheep)}; and by Product {Sodium Butyrate, Calcium Butyrate, Esterified Tributyrin, and Others (Potassium Butyrate and Magnesium Butyrate)} – Global Supply & Demand Analysis & Opportunity Outlook 2022-2031

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • May 19, 2021: OQ Chemicals GmbH to increase the price of Carboxylic Acids and esters. A number of substances are included in it, such as 2-Ethylhexanoic Acid, n-Butyric Acid, and isobutyric acid. 

  • October 21, 2021: Nutreco N.V. has announced that its collaborative project with Mosa Meat called 'Feed for Meat' has been granted almost EUR 2M to advance cellular agriculture and bring cultivated beef to the EU market by the European REACT-EU* recovery assistance programme.

Global Butyric Acid Derivatives Market Size, Forecast, and Trend Highlights Over 2022 - 2031

Butyric Acid Derivatives Market Regional Table

The global butyric acid derivatives market is estimated to garner a revenue of USD 1 Billion by the end of 2031 by growing at a CAGR of ~7% over the forecast period, i.e., 2022 – 2031. Further, the market generated revenue of USD 591 Million in the year 2021. The growth of the market can be attributed primarily to the rising consumption of meat and poultry around the world. It was observed that over the past 30 years, the production of meat has doubled. Global meat consumption is expected to reach about 450 million to 580 million tons by 2050.

Butyric Acid Derivatives Market Ovewrview

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Butyric acid is an alkyl carboxylic acid with a straight chain. There is extensive use of butyric acid derivatives in animal feed as additives and are used to reduce animal-derived products' strong meat odors. These ingredients help meet the health requirements of animals. It helps in improving health, provides a proper diet, and supports gut health and animal productivity. In addition, the increasing demand for meat-based products and understanding of the benefits of protein found in animal meat is expected to enlarge the global butyric acid derivatives market size during the forecast period. For instance, it has been 50 years since world meat consumption tripled, and meat production has grown more than threefold. Every year, more than 300 million tonnes of meat are produced around the world.

Global Butyric Acid Derivatives Market: Growth Drivers and Challenges

Growth Drivers

  • Increasing Awareness of the Importance of Living a Healthy Lifestyle- According to a survey held in India, it was observed that more than 65% of people were more inclined than before to improve their health through dietary lifestyle changes in 2021. Approximately 62% of respondents also report that they are relying more heavily on medical and nutritional experts to assist them in reaching a healthy lifestyle. Healthy lifestyles and healthy food products are becoming more popular around the world. There has been a significant increase in egg consumption, meat consumption, and dairy consumption as a result of the huge population base. In turn, this increases the demand for animal feed, which is expected to propel the demand for the global butyric acid derivatives market worldwide.

  • Increasing Prevalence of Different Diseases in Animals- It was observed that there were more than 960 medical cases of cattle diagnosed by veterinarians between June 2017 to July 2018. Animals were mostly affected by endo-parasites 15%, FMD 27%, nonspecific diarrhea 7%, and post-partum anoestrus 7%.

  • Mergers and Acquisitions by Key Manufacturers and Increased Product Development- The Metabolic Explorer company started a partnership with Alinova in March 2020 for the sale of 100% bio-based butyric acid for the animal nutrition market. Alnova produced the first bio-based butyric acid for animal nutrition in France

  • A Rise in Spending on Research & Development Worldwide- Globally, in 2020, the R&D sector contributed 2.63% of GDP to the global economy, according to data released by the World Bank. As compared to 2018, this represents an increase from 2.2% of the total GDP.

  • Rapid Growth in the Chemical Industry Worldwide - According to estimates, approximately USD 5 trillion in revenue was generated by the global chemical industry in 2021 as a result of growth in the chemistry sector, with a growth rate of 1.6% expected by 2025.

Challenges

  • Growing Acceptance of Vegan Foods
  • Increasing Market for Plant-Based Products
  • Regulations Regarding Butyric Acid Derivatives and Food Safety Initiatives

The global butyric acid derivatives market is segmented and analyzed for demand and supply by animal feed into poultry, swine, aquaculture, and others (goats and sheep). Among these segments, the swine segment is anticipated to capture the largest market size in the global butyric acid derivatives market. In recent years, pork and poultry consumption has greatly impacted the demand for pig feed and pig breeding. Worldwide shipments of butyric acid derivatives for swine animal feed are expected to augment the segment growth during the forecast period. For instance, the consumption of pork in China is expected to rise at a rate of around 6.5 kg per capita by 2024 and to increase at a rate more than three times higher than that of poultry, 2.6 kg per capita. 

Major Macro-Economic Indicators Impacting the Market Growth

Butyric Acid Derivatives Market Regional

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Program), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favorable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labor as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.

Global Butyric Acid Derivatives Market Regional Synopsis

Regionally, the global butyric acid derivatives market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in Asia Pacific is projected to hold the largest market share by the end of 2031 backed by the increasing production of livestock in developing countries such as China, India, Japan, and Korea. It was observed that a significant increase in monogastric livestock, 63 to 75% of total livestock units (LUs), caused the number of livestock units (LUs) in China to triple within 30 years. Moreover, the rising per capita income, growing population, high consumption of poultry products, growing animal husbandry activities and rising awareness towards adoption of healthy lifestyle are factors expected to drive global butyric acid derivatives market in the region during the forecast period. 

Butyric Acid Derivatives Market Regional Synopsis

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The global butyric acid derivatives market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global butyric acid derivatives market includes the following segments:

By Animal Feed

  • Poultry
  • Swine
  • Aquaculture
  • Others
    • Goats
    • Sheeps

By Product

  • Sodium Butyrate
  • Calcium Butyrate
  • Esterified Tributyrin
  • Others
    • Potassium Butyrate
    • Magnesium Butyrate
 

Top Featured Companies Dominating the Global Butyric Acid Derivatives Market

  • Nutreco N.V.

    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • The Eastman Chemical Company
  • Koninklijke DSM N.V.
  • Kemin Industries Inc.
  • Metabolic Explorer S.A.
  • Bioscreen Technologies S.r.l.
  • Innovad Ad NV/SA
  • Palital BV
  • Alfa Aesar (China) Co. Ltd.
  • OQ Chemicals GmbH
  • KUNSHAN ODOWELL CO. LTD.

 

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