Market Overview:
The global food grade butyric acid market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for dairy products and animals feed across the globe. In addition, rising awareness about the benefits of using food grade butyric acid is also contributing to the growth of this market. On the basis of type, synthetic butyric acid accounted for a major share of the global food grade butyric acid market in 2017. However, renewable butyric acid is expected to grow at a higher CAGR during 2018-2030 owing to its numerous benefits over synthetic butyric acid such as environmental friendliness and low toxicity levels. On the basis of application, dairy products accounted for majority share in 2017.
Product Definition:
Food grade butyric acid is an organic compound that has a wide range of applications in the food industry. It is used as a flavoring agent, preservative, and emulsifier. Butyric acid can also be used to fortify foods with vitamins and minerals.
Synthetic Butyric Acid:
Synthetic (man-made) butyric acid is a fatty acid that has been produced by the chemical synthesis of glycerol. It is an ester and has similar properties to natural butterfat such as density, water solubility, and taste. The major difference between natural butyric acid and its synthetic counterpart is that the latter does not contain any cholesterol in it.
Renewable Butyric Acid:
Butyric acid is a colorless liquid that has a strong odor similar to butyrospermum. It is used in food as well as other industries like pharmaceuticals and cosmetics. Butyric acid can be derived from either natural or petrochemical sources, the most common being petroleum. The method of production largely depends upon the availability of raw material and cost involved in its extraction.
Application Insights:
Dairy products were the major application segment and accounted for over 60% of the global food grade butyric acid market in 2017. The product is widely used as a butter-like substance in milk & milk beverages, cheese making, ice cream manufacturing and yogurt production. In addition to its functional properties such as emulsion stabilization, thermal stability etc., consumers are increasingly opting for dairy products made from organic farming methods due to rising awareness regarding health benefits associated with them. This trend is expected to drive demand for BHA during the forecast period.
Animal feed was the second largest application segment accounting for over 15% of global consumption in 2017 owing to its ability to maintain animal productivity under adverse conditions such as high temperatures and low water supply when compared with conventional feeds.
Regional Analysis:
Asia Pacific was the largest market for food grade butyric acid in 2016 and is expected to continue its dominance over the forecast period. The region accounts for a major share of global population and has been witnessing rapid growth in urbanization, which has led to an increase in consumer spending on food products. This trend is projected to positively influence market growth over the forecast period.
Europe accounted for more than 25% of global revenue share in 2016 owing to high demand from countries such as Germany, France, Italy and U.K., among others due to increased consumption of dairy products along with other applications such as animal feed production in these regions. However, low availability of renewable resources coupled with stringent regulations by various regulatory bodies regarding synthetic chemicals used as raw materials may hamper industry expansion over the next eight years or so (i.e., until 2030).
Growth Factors:
- Increasing demand for organic food products is expected to drive the growth of the global food grade butyric acid market over the forecast period.
- Butyric acid is used as a flavoring agent in various food products, which is expected to fuel the growth of the market over the forecast period.
- Butyric acid helps improve digestion and absorption of nutrients, which is anticipated to propel demand for food grade butyric acid during the forecast period.
- Rising awareness about health benefits associated with consumption of butyric acid is projected to boost demand for this product in near future.
Scope Of The Report
Report Attributes
Report Details
Report Title
Food Grade Butyric Acid Market Research Report
By Type
Synthetic Butyric Acid, Renewable Butyric Acid
By Application
Dairy products, Animals Feed
By Companies
Eastman Chemical Company, Perstorp Group, Beijing Huamaoyuan Fragrance Flavor Co., ltd., Inc., Innova Global (India), SiscoResearchLaboratoriesPvt. Ltd., Yufeng International Co.,Ltd, OXEA GmbH, Blue Marble Biomaterials, Eastman Chemical Company
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
181
Number of Tables & Figures
127
Customization Available
Yes, the report can be customized as per your need.
Global Food Grade Butyric Acid Market Report Segments:
The global Food Grade Butyric Acid market is segmented on the basis of:
Types
Synthetic Butyric Acid, Renewable Butyric Acid
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Dairy products, Animals Feed
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Eastman Chemical Company
- Perstorp Group
- Beijing Huamaoyuan Fragrance Flavor Co., ltd., Inc.
- Innova Global (India)
- SiscoResearchLaboratoriesPvt. Ltd.
- Yufeng International Co.,Ltd
- OXEA GmbH
- Blue Marble Biomaterials
- Eastman Chemical Company
Highlights of The Food Grade Butyric Acid Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Synthetic Butyric Acid
- Renewable Butyric Acid
- By Application:
- Dairy products
- Animals Feed
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Food Grade Butyric Acid Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Food grade butyric acid is a naturally occurring organic compound that is used as a food additive. It is also used in the manufacture of cosmetics and other personal care products.
Some of the major players in the food grade butyric acid market are Eastman Chemical Company, Perstorp Group, Beijing Huamaoyuan Fragrance Flavor Co., ltd., Inc., Innova Global (India), SiscoResearchLaboratoriesPvt. Ltd., Yufeng International Co.,Ltd, OXEA GmbH, Blue Marble Biomaterials, Eastman Chemical Company.
The food grade butyric acid market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Food Grade Butyric Acid Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Food Grade Butyric Acid Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Food Grade Butyric Acid Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Food Grade Butyric Acid Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Food Grade Butyric Acid Market Size & Forecast, 2018-2028
4.5.1 Food Grade Butyric Acid Market Size and Y-o-Y Growth
4.5.2 Food Grade Butyric Acid Market Absolute $ Opportunity
Chapter 5 Global Food Grade Butyric Acid Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Food Grade Butyric Acid Market Size Forecast by Type
5.2.1 Synthetic Butyric Acid
5.2.2 Renewable Butyric Acid
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Food Grade Butyric Acid Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Food Grade Butyric Acid Market Size Forecast by Applications
6.2.1 Dairy products
6.2.2 Animals Feed
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Food Grade Butyric Acid Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Food Grade Butyric Acid Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Food Grade Butyric Acid Analysis and Forecast
9.1 Introduction
9.2 North America Food Grade Butyric Acid Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Food Grade Butyric Acid Market Size Forecast by Type
9.6.1 Synthetic Butyric Acid
9.6.2 Renewable Butyric Acid
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Food Grade Butyric Acid Market Size Forecast by Applications
9.10.1 Dairy products
9.10.2 Animals Feed
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Food Grade Butyric Acid Analysis and Forecast
10.1 Introduction
10.2 Europe Food Grade Butyric Acid Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Food Grade Butyric Acid Market Size Forecast by Type
10.6.1 Synthetic Butyric Acid
10.6.2 Renewable Butyric Acid
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Food Grade Butyric Acid Market Size Forecast by Applications
10.10.1 Dairy products
10.10.2 Animals Feed
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Food Grade Butyric Acid Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Food Grade Butyric Acid Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Food Grade Butyric Acid Market Size Forecast by Type
11.6.1 Synthetic Butyric Acid
11.6.2 Renewable Butyric Acid
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Food Grade Butyric Acid Market Size Forecast by Applications
11.10.1 Dairy products
11.10.2 Animals Feed
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Food Grade Butyric Acid Analysis and Forecast
12.1 Introduction
12.2 Latin America Food Grade Butyric Acid Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Food Grade Butyric Acid Market Size Forecast by Type
12.6.1 Synthetic Butyric Acid
12.6.2 Renewable Butyric Acid
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Food Grade Butyric Acid Market Size Forecast by Applications
12.10.1 Dairy products
12.10.2 Animals Feed
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Food Grade Butyric Acid Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Food Grade Butyric Acid Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Food Grade Butyric Acid Market Size Forecast by Type
13.6.1 Synthetic Butyric Acid
13.6.2 Renewable Butyric Acid
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Food Grade Butyric Acid Market Size Forecast by Applications
13.10.1 Dairy products
13.10.2 Animals Feed
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Food Grade Butyric Acid Market: Competitive Dashboard
14.2 Global Food Grade Butyric Acid Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Eastman Chemical Company
14.3.2 Perstorp Group
14.3.3 Beijing Huamaoyuan Fragrance Flavor Co., ltd., Inc.
14.3.4 Innova Global (India)
14.3.5 SiscoResearchLaboratoriesPvt. Ltd.
14.3.6 Yufeng International Co.,Ltd
14.3.7 OXEA GmbH
14.3.8 Blue Marble Biomaterials
14.3.9 Eastman Chemical Company
