Butyric Acid Derivatives Market Trends

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

• Growing Acceptance of Vegan Foods - The increasing protest to decrease animal kills in slaughterhouses and use their milk products is estimated to reduce the market growth. Further, people are changing to be vegan with the increasing vegan products that look and taste very similar to meat despite being made from plant ingredients. Hence, these are the reasons expected to have a negative impact on the growth of the market in the coming years. 

• Increasing Market for Plant-Based Products

• Regulations Regarding Butyric Acid Derivatives and Food Safety Initiatives