市場調查報告書
商品編碼
1144153
丁酸的全球市場:至2028年的預測 - 各類型(再生、合成),各衍生物(丁酸鈣,丁酸鈉,其他),各用途(食品、食品香料,動物飼料,其他),各終端用戶,各地區的分析Butyric Acid Market Forecasts to 2028 - Global Analysis By Type (Renewable & Synthetic), Derivatives (Calcium butyrate, Sodium butyrate, & Other Derivatives), Application (Food & Flavors, Animal Feed, Other Applications), End User & By Geography |
全球丁酸的市場規模,預計2022年達3,170億美元,在預測期間內以11.2%的年複合成長率成長,2028年達到5,993億6,000萬美元。
本報告提供全球丁酸市場調查,市場概要,市場規模和預測,趨勢,促進因素、阻礙因素,各類型、各衍生物、各用途、各終端用戶、各地區的分析等全面性資訊。
According to Stratistics MRC, the Global Butyric Acid Market is accounted for $317.0 billion in 2022 and is expected to reach $599.36 billion by 2028 growing at a CAGR of 11.2% during the forecast period. Butyric acid is a carboxylic acid that is frequently present in plant oils and animal fats in its esterifies form. It is also known by the chemical names butanoic acid and n-Butyric acid. A colourless liquid with a strong, overpowering odour is butyric acid. It has a buttery flavour and is a flavouring ingredient in food production. In ethanol, ether, and water, butyric acid is soluble. When handling butyric acid, safety precautions include the wearing of protective eyewear, gloves made of PVC or rubber, and shoes resistant to chemicals because it is highly corrosive to metals and tissue. Butyric acid is often made by fermenting starch or sugar for industrial uses.
According to the research paper PepsiCo. Tyson Foods and Nestle are the top three companies operating in U.S. food & beverage market. The companies generated approximately US$204.8 Billion in revenue in 2019. According to U.S. Poultry and Egg Association, about 16,585 certified organic farms are there in the United States. They also mention that the value of broilers produced in the USA during 2020 was $21.7 billion. According to the India Brand Equity Foundation, The Indian pharmaceutical industry includes a network of 3,000 drug companies and 10,500 manufacturing units. In the Union Budget 2021-22 the Ministry of Health and Family Welfare has been allocated Rs. 73,932 crores (US$10.04 Billion) and the Department of Health Research is allocated Rs. 2,663 crores (US$361.8 Million).
Market Dynamics:
Driver:
High demand from animal feed
Animal feed sometimes uses butyric acid as a raw ingredient, particularly for pigs and fowl. Due to its distinct characteristics, it stands out among the short-chain fatty acids. Additionally, butyric acid increases the efficiency of food digestion and increases resistance to colonisation by promoting the release of enzymes and stabilising the microbiota. As a result, butyric acid is a common feed ingredient for young animals all over the world and growth performance has increased, especially under less than ideal conditions.
Restraint:
Fluctuation in raw materials
The market's expansion is anticipated to be hampered by fluctuating raw material prices and the health risks they bring. Players including raw material price fluctuations, health hazards linked with them, and the offensive smell of butyric acid acts as market barriers.
Opportunity:
Growing demand from the pharmaceutical industry
The pharmaceutical sector is significant to the economy of both developed and developing countries. The market for butyric acid is expanding as a result of shifting consumer eating patterns and an increase in gastrointestinal and irritable bowel syndrome-related health problems. Facts presented by the IQVIA Institute for Human Data Science indicate that the Chinese pharmaceutical business has experienced rapid expansion in recent years.
Threat:
Health Hazards associated with butyric acid
Several businesses, including the food and beverage, pharmaceutical, and personal care sectors, use butyric acid as one of their common constituents. Numerous butyrate esters are made using butyric acid. Several health risks are brought on by the acid. Butyric acid inhalation can irritate the lungs, throat, and nose. When the acid comes into close contact with the skin, burns occur. When handling butyric acid, the employees are provided with protective gear such as gloves, protective clothing, and eye and face shields.
COVID-19 Impact
Due to lockdowns, travel bans, and business closures, the COVID-19 pandemic has had a negative impact on economies and businesses in many different countries. Due to value chain disruptions brought on by the closing of domestic and international borders in 2020, a number of sectors had to scale back their operations, which in turn reduced the demand for butyric acid. Price volatility in the raw materials needed to make butyric acid was brought on by the COVID-19 epidemic. Due to low demand from several downstream industries, including food flavours, food scents, and chemical intermediates, the amount of butyric acid consumed globally decreased.
The food & beverage segment is expected to be the largest during the forecast period
The food & beverage segment is estimated to have a lucrative growth, due to the expansion for butyric acid is being driven by consumers' preference for bio-based products. Bio-based butyric acid is created using natural materials like sugar, corn husk, and other organic sources. The market expansion for the bio-based is being aided by the simple accessibility and low cost of these raw materials. Bio-based butyric acids are being used by the food and beverage sector to produce flavouring agents, animal feed, and food additives, among other things.
The animal feed segment is expected to have the highest CAGR during the forecast period
The animal feed segment is expected to witness the fastest CAGR growth during the forecast period, due to glycerin esters and various butyrate salts both require glycerin as a source. Products containing butyric acid give animals a proper diet, enhance health, and aid in their faster growth. The market for butyric acid is experiencing strong demand due to the rising occurrence of infectious illnesses in animals. The market for animal feedstock is being driven by shifting dietary trends as well as an increase in the consumption of chicken and beef around the world. China consumes around 28% of the world's meat, citing the Global Time story. The cattle, poultry, and aquaculture sectors employ the butyric acid derivatives as a supplement in their diet.
Region with highest share:
Europe is anticipated to hold the largest market share during the forecast period owing to the demand for butyric acid is rising due to the increased health advantages and rising need for animal feed. The geographical part of the research also lists specific market-impacting variables and domestic market regulation changes that have an effect on the market's present and future tendencies. Data points including import-export taxes, regulatory laws, country demographics, and new sales and replacement sales are some of the key indicators utilised to anticipate the market environment for certain countries.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to the region's rapidly expanding food and beverage industry. The growth of the market in the region is being driven by the presence of developed countries like the United States and Canada. The need for butyric acids is being driven by the presence of major food and beverage corporations including Nestle, Tyson Foods, PepsiCo, Coca-Cola, STARBUCKS CORP, and others.
Key players in the market
Some of the key players profiled in the Butyric Acid Market include Kemin Industries, Inc, Snowco, Eastman Chemical Company, Perstorp, Hefei TNJ Chemical Industry Co.,Ltd, Yufeng International Group Co., Ltd., Sisco Research Laboratories Pvt. Ltd., RX Chemicals, Spectrum Chemical, OQ Chemicals GmbH, Palital Feed Additives B.V., Tokyo Chemical Industry Co., Ltd., Shanghai Kayi Chemical Co., Ltd., Thermo Fisher Scientific, Beijing Huamaoyuan Fragrance Flavor Co., Ltd.
Key Developments:
In April 2021, Eastman Chemical Company acquired 3F Feed & Food, a European pioneer in the technological and commercial advancement of additives for animal feed and human food.
In July 2020, Kemin Industries has acquired a US patent application to manage African Swine Fever Virus (ASFv) in feed and feed ingredients employing Sal CURB Liquid Antimicrobial, a global disease control product produced by Kemin Industries.
In July 2020, Evonik and Swedish manufacturer, Perstorp, expanded the sales and distribution of ProPhorce SR 130 to the Indian subcontinent (India, Nepal, Sri Lanka, Bangladesh, and Pakistan). ProPhorce SR 130 is a butyric acid product that is a safe, easy to handle, and cost-efficient solution for in-feed application in livestock management.
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