Butyric Acid Derivatives Market Analysis by Animal Feed {Poultry, Swine, 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 2023-2033
Buy Now Report ID: 4297 | Published Date: Feb 24, 2023
The global butyric acid derivatives market is estimated to garner a revenue of USD 1370 Million by the end of 2033 by growing at a CAGR of ~7% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of USD 670 Million in the year 2022. The growth of the market can be attributed 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. The rising economic standards of people, as well as the growing concern about gaining weight, and the fact that meat is a source of good protein that reduces fat, are expected to drive market growth. Moreover, fish is one of the best meats to reduce cholesterol and the risk of heart disease in obese people.
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 are 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.
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Base Year |
2022 |
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Forecast Year |
2023-2033 |
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CAGR |
~7% |
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Base Year Market Size (2022) |
~ USD 670 Million |
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Forecast Year Market Size (2033) |
~ USD 1370 Million |
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Regional Scope |
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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 and 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 worldwide 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 anestrus 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 with Increasing Demand - 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
The global butyric acid derivatives market is segmented and analyzed for demand and supply by animal feed into poultry, swine, and others (goats and sheep). Among these segments, the swine segment holds the largest market share of 53% in 2022. 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 feed are expected to augment the segment’s 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. Moreover, there has been a rising number of meat eaters around the world owing to the rising preference of people for tasty food. Eating veggies every day makes people bored so meat or poultry is the best way to treat themselves. Also, it is reported that many people eat in restaurants, and street trucks, or place online orders for non-vegetarian food. All the diet charts of nonvegetarian eaters are filled with chicken, turkey, bacon, eggs, or lamb sticks. Therefore, all these factors are anticipated to increase the demand for the segment’s growth in the market.
The global butyric acid derivatives market is also segmented and analyzed for demand and supply by product into sodium butyrate, calcium butyrate, esterified tributyrin, and others (potassium butyrate, and magnesium butyrate). The sodium butyrate segment is expected to garner a significant share among these segments owing to the increasing demand for odorless or less smelly meat. Moreover, the pungent smell of meat is disliked by most people, even though they love to eat meat. The rising preference for pig meat is further estimated to fuel the growth of the market during the forecast period. In addition, pork is very popular in many countries, as it is cheaper than poultry, lamb, and beef. Also, the increasing demand for protein foods among people across the world is further predicted to contribute to the segment’s growth. About more than 85% of people consume meat in their diet across the world as of 2021 survey estimations.
Our in-depth analysis of the global butyric acid derivatives market includes the following segments:
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By Animal Feed |
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By Product |
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The Asia Pacific butyric acid derivatives market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2033. The growth of the market can be attributed majorly to 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 the adoption of a healthy lifestyle are factors expected to drive the global butyric acid derivatives market in the region during the forecast period.
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.
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.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Author Credits: Smruti Ranjan, Rajrani Baghel
Ans: Increasing awareness towards the adoption of a healthy lifestyle along with rising consumption of meat around the world are the major factors driving the market growth.
Ans: The market is anticipated to attain a CAGR of ~7% over the forecast period, i.e., 2023 – 2033.
Ans: Growing acceptance of vegan foods and the increasing market for plant-based products is estimated to be the growth hindering factors for the market expansion.
Ans: The market in the Asia Pacific region is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.
Ans: The major players in the market are 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, and others.
Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by animal feed, product, and by region.
Ans: The swine segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
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