Food Grade Butyric Acid Market Trends

  • Report ID: 5577
  • Published Date: May 06, 2024
  • Report Format: PDF, PPT

Food Grade Butyric Acid Market Trends

Growth Drivers

  • Growing emphasis on clean-label ingredients - As consumers become more health-conscious and concerned about the ingredients in their food, there is a rising demand for clean-label ingredients. Its application as a food preservative and flavor enhancer in various processed foods supports the demand for clean and natural ingredients, acting as a significant driver for food grade butyric acid market growth. 

    For instance, in an Asia-Pacific, North American, and European consumer survey with 1,300 participants, 52% of respondents stated they would pay more than 10% extra for a food or drink product made with ingredients they knew and trusted. Conversely, 18% of respondents claimed they would spend an additional 75% or more. In all, 76% of participants expressed that they would be inclined to purchase a product that had ingredients they were familiar with and trusted.
  • Expanding food preservation industry - A rising food grade butyric acid market landscape, changing consumer needs, and technological advancements are driving an unprecedented boom in the worldwide food processing technology sector. With supermarket shelves and online marketplaces overflowing with an increasingly diverse range of processed food items, the critical function of cutting-edge food processing technology becomes apparent.
  • Increasing demand for flavors and fragrances - Numerous businesses were forced to temporarily close their industrial facilities due to a workforce shortage brought on by health concerns. Natural sources, such as plants and animals, are the source of natural scents and flavors. Vegetables, fruits, meat, spices, seafood, roots, leaves, and more are examples of these sources.

    It has rich fruit or vegetable properties that can be used for a variety of things, such as enhancing the flavor of meals or bringing out the scent of beverages. Because these goods are organic and have less toxic chemicals, food and beverage industries tend to rely on them.

Challenges

  • High cost of production - The production of food-grade butyric acid, especially through natural fermentation processes, can be cost-intensive. Competitive pricing becomes crucial for food grade butyric acid market penetration, and fluctuations in raw material costs or production processes may impact the overall cost-effectiveness.
  • Limited awareness and consumer perception restrict the market’s growth.
  • The food grade butyric acid market  faces competition from alternative food additives and preservatives that serve similar purposes.

Food Grade Butyric Acid Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

15%

Base Year Market Size (2023)

USD 210 Million

Forecast Year Market Size (2036)

USD 1.12 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Browse Key Market Insights with Data Illustration:


Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 5577
  • Published Date: May 06, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The expanding food preservation industry, growing emphasis on clean-label ingredients, and rising demand for organic products are some of the major growth drivers for the food-grade butyric acid market.

The market size of food-grade butyric acid is anticipated to attain a CAGR of 15% over the forecast period, i.e., 2024-2036.

The major players in the market are OQ Chemicals GmbH, Kemin Industries, Inc., Blue Marble BioChemical, Eastman Chemical Company, Yufeng International Group Co., Ltd., Spectrum Chemical, Merck KGaA, Palital Feed Additives B.V., Hefei TNJ Chemical Industry Co., Ltd., Tokyo Chemical Industry Co., Ltd. and others.

The renewable butyric acid segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share of 42% by the end of 2036 and provide more business opportunities in the future.
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