Product Code: TIPRE00029789
The natural butyric acid market is expected to grow from US$ 224.88 million in 2022 to US$ 326.5 million by 2028; it is estimated to register a CAGR of 6.4% from 2022 to 2028.
Butyric acid is a fatty acid commonly found in milk and milk products such as butter. It has diverse applications in the food, feed, chemicals, and pharmaceuticals industries. Butyric acid is treated as one of the renewable green fuels of the modern age due to its high energy content. Butyric acid production from renewable resources is receiving significant attention from scientific communities and industries due to the increasing prices of petroleum, concerns about greenhouse gas emissions and global warming, and a shift in the preferences of customers.
Based on application, the global natural butyric acid market is segmented into dietary supplements, animal feed, flavors & fragrances, chemical intermediates, pharmaceuticals, and others. In 2021, the pharmaceutical segment dominated the market. The growing population and increasing per capita income globally are the major factors that are boosting the demand for flavored foods. Natural butyric acid is a widely used flavoring agent in food and beverages, as it has a fruity and cheesy flavor. Various prodrugs that are derivatives of natural butyric acid are used in the treatment of hemoglobinopathies, including leukemia and sickle cell anemia (SCA). Also, the application of natural butyric acid in radio- and chemotherapy-induced alopecia for protecting hair follicles is gaining traction. These factors are expected to drive segment growth during the forecast period.
Based on geography, the natural butyric acid market is primarily segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. In 2021, Asia Pacific dominated the global natural butyric acid market. North America is expected to register the highest CAGR in the market during the forecast period. The pharmaceuticals and flavor & fragrance markets are booming in Asia Pacific. Governments of countries in this region have been supporting the progress of industries. Further, a shift in consumer eating habits toward organic and natural food products favors the natural butyric acid market growth.
Before the COVID-19 outbreak, the natural butyric acid market growth was mainly driven by the rising demand from food & beverages, pulp & paper, animal feed, and pharmaceutical industries. However, in 2020, these industries had to slow down their operations due to disruptions in value chains caused by the shutdown of national and international boundaries. The COVID-19 pandemic hampered the key raw material supply chains and disturbed manufacturing processes due to restrictions imposed by government authorities in various countries. However, in 2021, economies gradually resumed their operations, which had a positive effect on the global marketplace. As large percentages of people from many countries were fully vaccinated by the end of 2021, manufacturers were permitted to operate at full capacities, which helped them consolidate their efforts toward closing the gap between demand and supply. In addition, during the COVID-19 pandemic, the demand for natural butyric acid from the pharmaceutical industry increased, which positively impacted the market. These transformations helped them focus on increasing their production to revive their businesses.
Merck KGaA, Vigon International LLC, Kunshan Odowell Co Ltd, Aurochemicals LLC, Biosynth AG, Elan Chemical Co, Ernesto Ventos SA, Phoenix Aromas & Essential Oils LLC, Berje Inc, and Eastman Chemical Co are among the key players in the natural butyric acid market. These companies are adopting strategies such as mergers and acquisitions, and product launches to expand their geographic presence and clientele. They collectively hold a majority of the global natural butyric acid market share.
The overall natural butyric acid market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical market insights. Participants in this process include VPs; business development managers; market intelligence managers; national sales managers; and external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the natural butyric acid market.
Reasons to Buy:
Progressive industry trends in the natural butyric acid market to help players develop effective long-term strategies
Business growth strategies adopted by developed and developing markets
Quantitative analysis of the natural butyric acid market from 2020 to 2028
Estimation of the demand for natural butyric acid across various industries
Porter's Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict the market growth
Recent developments to understand the competitive market scenario and the demand for natural butyric acid across the globe
Market trends and outlook coupled with factors driving and restraining the growth of the natural butyric acid market.
Decision-making process by understanding strategies that underpin commercial interest concerning the global natural butyric acid market growth
The global natural butyric acid market size at various nodes of market
Detailed overview and segmentation of the natural butyric acid market as well as its dynamics in the industry
The natural butyric acid market size in different regions with promising growth opportunities
Table Of Contents
1. Introduction
- 1.1 Study Scope
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 1.3.1 Natural Butyric Acid Market, by Application
- 1.3.2 Natural Butyric Acid Market, by Geography
2. Key Takeaways
3. Research Methodology
- 3.1 Scope of the Study
- 3.1.1 Natural Butyric Acid Market, by Application
- 3.2 Research Methodology
- 3.2.1 Data Collection:
- 3.2.2 Primary Interviews:
- 3.2.3 Hypothesis formulation:
- 3.2.4 Macro-economic factor analysis:
- 3.2.5 Developing base number:
- 3.2.6 Data Triangulation:
- 3.2.7 Country level data:
4. Natural Butyric Acid Market Landscape
- 4.1 Market Overview
- 4.2 Porter's Five Forces Analysis
- 4.2.1 Threat of New Entrants:
- 4.2.2 Bargaining Power of Suppliers:
- 4.2.3 Bargaining Power of Buyers:
- 4.2.4 Competitive Rivalry:
- 4.2.5 Threat of Substitutes:
- 4.3 Ecosystem Analysis
- 4.3.1 Overview:
- 4.3.2 Raw Material Suppliers:
- 4.3.3 Manufacturers
- 4.3.4 Distributors or Suppliers
- 4.3.5 Application
- 4.4 Expert Opinions
5. Natural Butyric Acid Market - Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Increasing Demand from Flavor and Fragrance Industry
- 5.1.2 Growing Applications in Pharmaceuticals Industry
- 5.2 Market Restraints
- 5.2.1 Low Price and High Availability of Synthetic Butyric Acid
- 5.3 Market Opportunities
- 5.3.1 Use of Natural Butyric Acid as Precursor to Biofuels
- 5.4 Future Trends
- 5.4.1 Rising Demand for Specialty Chemicals
- 5.5 Impact Analysis
6. Natural Butyric Acid - Global Market Analysis
- 6.1 Natural Butyric Acid Market Overview
- 6.2 Natural Butyric Acid Market -Revenue and Forecast to 2028 (US$ Million)
- 6.3 Natural Butyric Acid Market -Volume and Forecast to 2028 (Tons)
- 6.4 Competitive Positioning - Key Market Players
7. Natural Butyric Acid Market Analysis - By Application
- 7.1 Overview
- 7.2 Natural Butyric Acid Market, By Application (2021 and 2028)
- 7.3 Dietary Supplements
- 7.3.1 Overview
- 7.3.2 Dietary Supplements: Natural Butyric Acid Market - Revenue and Forecast to 2028 (US$ Mn)
- 7.3.3 Dietary Supplements: Natural Butyric Acid Market -Volume and Forecast to 2028 (Tons)
- 7.4 Animal Feed
- 7.4.1 Overview
- 7.4.2 Animal Feed: Natural Butyric Acid Market - Revenue and Forecast to 2028 (US$ Mn)
- 7.4.3 Animal Feed: Natural Butyric Acid Market -Volume and Forecast to 2028 (Tons)
- 7.5 Flavors & Fragrances
- 7.5.1 Overview
- 7.5.2 Flavors & Fragrances: Natural Butyric Acid Market - Revenue and Forecast to 2028 (US$ Mn)
- 7.5.3 Flavors & Fragrances: Natural Butyric Acid Market -Volume and Forecast to 2028 (Tons)
- 7.6 Chemical Intermediate
- 7.6.1 Overview
- 7.6.2 Chemical Intermediate: Natural Butyric Acid Market - Revenue and Forecast to 2028 (US$ Mn)
- 7.6.3 Chemical Intermediate: Natural Butyric Acid Market -Volume and Forecast to 2028 (Tons)
- 7.7 Pharmaceutical
- 7.7.1 Overview
- 7.7.2 Pharmaceutical: Natural Butyric Acid Market - Revenue and Forecast to 2028 (US$ Mn)
- 7.7.3 Pharmaceutical: Natural Butyric Acid Market -Volume and Forecast to 2028 (Tons)
- 7.8 Others
- 7.8.1 Overview
- 7.8.2 Others: Natural Butyric Acid Market - Revenue and Forecast to 2028 (US$ Mn)
- 7.8.3 Others: Natural Butyric Acid Market -Volume and Forecast to 2028 (Tons)
8. Natural Butyric Acid Market - Geographic Analysis
- 8.1 Overview
- 8.2 North America: Natural Butyric Acid Market
- 8.2.1 North America: Natural Butyric Acid Market -Volume and Forecast to 2028 (Tons)
- 8.2.2 North America: Natural Butyric Acid Market -Revenue and Forecast to 2028 (US$ Million)
- 8.2.3 North America: Natural Butyric Acid Market, by Application
- 8.2.4 North America: Natural Butyric Acid Market, by Key Country
- 8.2.4.1 US: Natural Butyric Acid Market -Volume and Forecast to 2028 (Tons)
- 8.2.4.2 US: Natural Butyric Acid Market -Revenue and Forecast to 2028 (US$ Million)
- 8.2.4.2.1 US: Natural Butyric Acid Market, by Application
- 8.2.4.2.2 US: Natural Butyric Acid Market, by Application
- 8.2.4.3 Canada: Natural Butyric Acid Market-Volume and Forecast to 2028 (Tons)
- 8.2.4.4 Canada: Natural Butyric Acid Market-Revenue and Forecast to 2028 (US$ Million)
- 8.2.4.4.1 Canada: Natural Butyric Acid Market, by Application
- 8.2.4.4.2 Canada: Natural Butyric Acid Market, by Application
- 8.2.4.5 Mexico: Natural Butyric Acid Market-Volume and Forecast to 2028 (Tons)
- 8.2.4.6 Mexico: Natural Butyric Acid Market-Revenue and Forecast to 2028 (US$ Million)
- 8.2.4.6.1 Mexico: Natural Butyric Acid Market, by Application
- 8.2.4.6.2 Mexico: Natural Butyric Acid Market, by Application
- 8.3 Europe: Natural Butyric Acid Market
- 8.3.1 Europe: Natural Butyric Acid Market-Volume and Forecast to 2028 (Tons)
- 8.3.2 Europe: Natural Butyric Acid Market-Revenue and Forecast to 2028 (US$ Million)
- 8.3.3 Europe: Natural Butyric Acid Market, by Application
- 8.3.4 Europe: Natural Butyric Acid Market, by Key Country
- 8.3.4.1 Germany: Natural Butyric Acid Market-Volume and Forecast to 2028 (Tons)
- 8.3.4.2 Germany: Natural Butyric Acid Market-Revenue and Forecast to 2028 (US$ Million)
- 8.3.4.2.1 Germany: Natural Butyric Acid Market, by Application
- 8.3.4.2.2 Germany: Natural Butyric Acid Market, by Application
- 8.3.4.3 France: Natural Butyric Acid Market-Volume and Forecast to 2028 (Tons)
- 8.3.4.4 France: Natural Butyric Acid Market-Revenue and Forecast to 2028 (US$ Million)
- 8.3.4.4.1 France: Natural Butyric Acid Market, by Application
- 8.3.4.4.2 France: Natural Butyric Acid Market, by Application
- 8.3.4.5 Italy: Natural Butyric Acid Market-Volume and Forecast to 2028 (Tons)
- 8.3.4.6 Italy: Natural Butyric Acid Market-Revenue and Forecast to 2028 (US$ Million)
- 8.3.4.6.1 Italy: Natural Butyric Acid Market, by Application
- 8.3.4.6.2 Italy: Natural Butyric Acid Market, by Application
- 8.3.4.7 United Kingdom: Natural Butyric Acid Market-Volume and Forecast to 2028 (Tons)
- 8.3.4.8 United Kingdom: Natural Butyric Acid Market-Revenue and Forecast to 2028 (US$ Million)
- 8.3.4.8.1 United Kingdom: Natural Butyric Acid Market, by Application
- 8.3.4.8.2 United Kingdom: Natural Butyric Acid Market, by Application
- 8.3.4.9 Russia: Natural Butyric Acid Market-Volume and Forecast to 2028 (Tons)
- 8.3.4.10 Russia: Natural Butyric Acid Market-Revenue and Forecast to 2028 (US$ Million)
- 8.3.4.10.1 Russia: Natural Butyric Acid Market, by Application
- 8.3.4.10.2 Russia: : Natural Butyric Acid Market, by Application
- 8.3.4.11 Rest of Europe: Natural Butyric Acid Market - Volume and Forecast to 2028 (Tons)
- 8.3.4.12 Rest of Europe: Natural Butyric Acid Market -Revenue and Forecast to 2028 (US$ Million)
- 8.3.4.12.1 Rest of Europe: Natural Butyric Acid Market, by Application
- 8.3.4.12.2 Rest of Europe: Natural Butyric Acid Market, by Application
- 8.4 Asia Pacific: Natural Butyric Acid Market
- 8.4.1 Asia Pacific: Natural Butyric Acid Market-Volume and Forecast to 2028 (Tons)
- 8.4.2 Asia Pacific: Natural Butyric Acid Market-Revenue and Forecast to 2028 (US$ Million)
- 8.4.3 Asia Pacific: Natural Butyric Acid Market, by Application
- 8.4.4 Asia Pacific: Natural Butyric Acid Market, by Key Country
- 8.4.4.1 Australia: Natural Butyric Acid Market-Volume and Forecast to 2028 (Tons)
- 8.4.4.2 Australia: Natural Butyric Acid Market-Revenue and Forecast to 2028 (US$ Million)
- 8.4.4.2.1 Australia: Natural Butyric Acid Market, by Application
- 8.4.4.2.2 Australia: Natural Butyric Acid Market, by Application
- 8.4.4.3 China: Natural Butyric Acid Market-Volume and Forecast to 2028 (Tons)
- 8.4.4.4 China: Natural Butyric Acid Market-Revenue and Forecast to 2028 (US$ Million)
- 8.4.4.4.1 China: Natural Butyric Acid Market, by Application
- 8.4.4.4.2 China: Natural Butyric Acid Market, by Application
- 8.4.4.5 India: Natural Butyric Acid Market-Volume and Forecast to 2028 (Tons)
- 8.4.4.6 India: Natural Butyric Acid Market-Revenue and Forecast to 2028 (US$ Million)
- 8.4.4.6.1 India: Natural Butyric Acid Market, by Application
- 8.4.4.6.2 India: Natural Butyric Acid Market, by Application
- 8.4.4.7 Japan: Natural Butyric Acid Market-Volume and Forecast to 2028 (Tons)
- 8.4.4.8 Japan: Natural Butyric Acid Market-Revenue and Forecast to 2028 (US$ Million)
- 8.4.4.8.1 Japan: Natural Butyric Acid Market, by Application
- 8.4.4.8.2 Japan: Natural Butyric Acid Market, by Application
- 8.4.4.9 South Korea: Natural Butyric Acid Market-Volume and Forecast to 2028 (Tons)
- 8.4.4.10 South Korea: Natural Butyric Acid Market-Revenue and Forecast to 2028 (US$ Million)
- 8.4.4.10.1 South Korea: Natural Butyric Acid Market, by Application
- 8.4.4.10.2 South Korea: : Natural Butyric Acid Market, by Application
- 8.4.4.11 Rest of Asia Pacific: Natural Butyric Acid Market - Volume and Forecast to 2028 (Tons)
- 8.4.4.12 Rest of Asia Pacific: Natural Butyric Acid Market -Revenue and Forecast to 2028 (US$ Million)
- 8.4.4.12.1 Rest of Asia Pacific: Natural Butyric Acid Market, by Application
- 8.4.4.12.2 Rest of Asia Pacific: Natural Butyric Acid Market, by Application
- 8.5 Middle East and Africa: Natural Butyric Acid Market
- 8.5.1 Middle East and Africa: Natural Butyric Acid Market -Volume and Forecast to 2028 (Tons)
- 8.5.2 Middle East and Africa: Natural Butyric Acid Market -Revenue and Forecast to 2028 (US$ Million)
- 8.5.3 Middle East and Africa: Natural Butyric Acid Market, by Application
- 8.5.4 Middle East and Africa: Natural Butyric Acid Market, by Key Country
- 8.5.4.1 South Africa: Natural Butyric Acid Market -Volume and Forecast to 2028 (Tons)
- 8.5.4.2 South Africa: Natural Butyric Acid Market -Revenue and Forecast to 2028 (US$ Million)
- 8.5.4.2.1 South Africa: Natural Butyric Acid Market, by Application
- 8.5.4.2.2 South Africa: Natural Butyric Acid Market, by Application
- 8.5.4.3 Saudi Arabia: Natural Butyric Acid Market -Volume and Forecast to 2028 (Tons)
- 8.5.4.4 Saudi Arabia: Natural Butyric Acid Market -Revenue and Forecast to 2028 (US$ Million)
- 8.5.4.4.1 Saudi Arabia: Natural Butyric Acid Market, by Application
- 8.5.4.4.2 Saudi Arabia: Natural Butyric Acid Market, by Application
- 8.5.4.5 UAE: Natural Butyric Acid Market -Volume and Forecast to 2028 (Tons)
- 8.5.4.6 UAE: Natural Butyric Acid Market -Revenue and Forecast to 2028 (US$ Million)
- 8.5.4.6.1 UAE: Natural Butyric Acid Market, by Application
- 8.5.4.6.2 UAE: Natural Butyric Acid Market, by Application
- 8.5.4.7 Rest of MEA: Natural Butyric Acid Market -Volume and Forecast to 2028 (Tons)
- 8.5.4.8 Rest of MEA: Natural Butyric Acid Market -Revenue and Forecast to 2028 (US$ Million)
- 8.5.4.8.1 Rest of MEA: Natural Butyric Acid Market, by Application
- 8.5.4.8.2 Rest of MEA: Natural Butyric Acid Market, by Application
- 8.6 South America: Natural Butyric Acid Market
- 8.6.1 South America: Natural Butyric Acid Market -Volume and Forecast to 2028 (Tons)
- 8.6.2 South America: Natural Butyric Acid Market -Revenue and Forecast to 2028 (US$ Million)
- 8.6.3 South America: Natural Butyric Acid Market, by Application
- 8.6.4 South America: Natural Butyric Acid Market, by Key Country
- 8.6.4.1 Brazil: Natural Butyric Acid Market -Volume and Forecast to 2028 (Tons)
- 8.6.4.2 Brazil: Natural Butyric Acid Market -Revenue and Forecast to 2028 (US$ Million)
- 8.6.4.2.1 Brazil: Natural Butyric Acid Market, by Application
- 8.6.4.2.2 Brazil: Natural Butyric Acid Market, by Application
- 8.6.4.3 Argentina: Natural Butyric Acid Market -Volume and Forecast to 2028 (Tons)
- 8.6.4.4 Argentina: Natural Butyric Acid Market -Revenue and Forecast to 2028 (US$ Million)
- 8.6.4.4.1 Argentina: Natural Butyric Acid Market, by Application
- 8.6.4.4.2 Argentina: Natural Butyric Acid Market, by Application
- 8.6.4.5 Rest of South America: Natural Butyric Acid Market -Volume and Forecast to 2028 (Tons)
- 8.6.4.6 Rest of South America: Natural Butyric Acid Market -Revenue and Forecast to 2028 (US$ Million)
- 8.6.4.6.1 Rest of South America: Natural Butyric Acid Market, by Application
- 8.6.4.6.2 Rest of South America: Natural Butyric Acid Market, by Application
9. Impact of COVID-19 Pandemic on Global Natural Butyric Acid Market
- 9.1 Overview
- 9.2 Impact of COVID-19 on Natural Butyric Acid Market
- 9.3 North America: Impact Assessment of COVID-19 Pandemic
- 9.4 Europe: Impact Assessment of COVID-19 Pandemic
- 9.5 Asia Pacific: Impact Assessment of COVID-19 Pandemic
- 9.6 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
- 9.7 South & Central America: Impact Assessment of COVID-19 Pandemic
10. Industry Landscape
- 10.1 Overview
- 10.2 Market Initiative
- 10.3 Merger and Acquisition
11. Company Profiles
- 11.1 Merck KGaA
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
- 11.2 Vigon International LLC
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
- 11.3 Kunshan Odowell Co Ltd
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
- 11.4 Aurochemicals LLC
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
- 11.5 Biosynth AG
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
- 11.6 Elan Chemical Co
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
- 11.7 Ernesto Ventos SA
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Products and Services
- 11.7.4 Financial Overview
- 11.7.5 SWOT Analysis
- 11.7.6 Key Developments
- 11.8 Phoenix Aromas & Essential Oils LLC
- 11.8.1 Key Facts
- 11.8.2 Business Description
- 11.8.3 Products and Services
- 11.8.4 Financial Overview
- 11.8.5 SWOT Analysis
- 11.8.6 Key Developments
- 11.9 Berje Inc
- 11.9.1 Key Facts
- 11.9.2 Business Description
- 11.9.3 Products and Services
- 11.9.4 Financial Overview
- 11.9.5 SWOT Analysis
- 11.9.6 Key Developments
- 11.10 Eastman Chemical Co
- 11.10.1 Key Facts
- 11.10.2 Business Description
- 11.10.3 Products and Services
- 11.10.4 Financial Overview
- 11.10.5 SWOT Analysis
- 11.10.6 Key Developments
12. Appendix
- 12.1 About The Insight Partners
- 12.2 Glossary of Terms