Market Research Report
Butyric Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025
|Published by||IMARC Services Private Limited||Product code||952992|
|Published||Content info||118 Pages
Delivery time: 2-3 business days
|Butyric Acid Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025|
|Published: July 18, 2020||Content info: 118 Pages||
The global butyric acid market grew at a CAGR of around 9% during 2014-2019. Butyric, or butanoic, acid refers to a colorless carboxylic acid that is formed by the bacterial fermentation of carbohydrates and dietary fiber. It is also found in animal fats, vegetable oils, milk, butter and cheese. It is industrially manufactured by the chemical synthesis of petroleum-based feedstocks as well as by the fermentation of starch or sugar in a mixture of putrefying cheese and calcium carbonate and can be further used as a precursor to manufacture various biofuels. Thus, it exhibits various advantageous properties, such as cost-effectiveness, sustainability and minimal greenhouse gas emissions. Owing to these, butyric acid finds extensive applications across various industries including, animal feed, pharmaceuticals, chemical intermediates, perfume products and food and beverage.
Significant growth in the pharmaceutical industry across the globe is one of the key factors creating a positive outlook for the market. Butyric acid is used for manufacturing pharmaceutical drugs that aid in weight management and treating cancer and irritable bowel syndrome (IBS). Furthermore, the increasing utilization of butyric acid for enhancing the nutritional content in animal feed is also providing a boost to the market growth. It aids in improving the gastrointestinal health and preventing microbial infections and ailments in pigs, poultry, fishes and cattle. Additionally, increasing product application in the development of biofuels, which are rapidly replacing traditionally used gasoline and other fuel alternatives, is contributing to the market growth. Other factors, including the growing demand for renewable butyric acid and clean energy sources, along with the increasing usage of butyric acid in food processing and manufacturing flavorings, are projected to drive the market further. Looking forward, IMARC Group expects the global butyric acid market to grow moderately during the next five years.