Butyric Acid Derivatives Market size is expected to cross USD 1.37 Billion by the end of 2033, growing at a CAGR of 7% during the forecast period i.e., 2023-2033. In the year 2022, the industry size of butyric acid derivatives was over USD 670 Million. 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
Growth Drivers
Challenges
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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 1.37 Billion |
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Regional Scope |
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Animal Feed {Poultry, Swine (Goats, Sheep)}
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.
Product {Sodium Butyrate, Calcium Butyrate, Esterified Tributyrin (Potassium Butyrate, Magnesium Butyrate)}
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 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.
Author Credits: Smruti Ranjan, Rajrani Baghel
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