LOS ANGELES, May 09, 2019 (GLOBE NEWSWIRE) -- The Global Butyric Acid Derivatives Market is estimated to grow at CAGR above 6.8 % over the forecast time frame 2019-2026 and reach the market value around USD 170 million by 2026.
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The increasing demand in the animal feed application for butyric acid derivatives drives the global market for butyric acid derivatives. In 2018, Asia Pacific was a major contributor to the global market for butyric acid derivatives. China held its dominant market share in the area in 2018 with regard to demand. During the forecast period the market for butyric acid derivatives in the Asia Pacific will expand by around 9.0% with a CAGR.
The derivatives of butyric acid, also called butanoic acid, are butyric acid salts and esters. The main segment of the butyric acid derivatives market is sodium butyrate. Sodium butyrate, potassium butyrate, calcium butyrate, and magnesium butyrate include butyric acid salts. Demand is substantially high, including for sodium butyrate and calcium butyrate. Butyric acid is a carboxylic acid that smells corrosive and fooled; it is therefore usually transformed for use and application into salts and esters. Butyric acid derivatives are widely used in the application of animal feed.
The global demand for meat is expected to foster an improvement in economic conditions and living standards. Due to the strong growth of pork and poultry meat production, especially in Asia-Pacific, Europe and North America the feed segment is anticipated to be significant. Moreover, in order to lower threats posed by abuse, Europe is imposing prohibitions on the use of antibiotics for animals. Another key driver on the market of butyric acid derivatives is the increase in replacement of these antibiotics with butyric acid and other organic acids.
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Swine Segment Led the Market In 2018
The swine segment played an important role in the world market for animal feed products from butyric acid. But the segment's performance fluctuates from region to region. In North America, Latin America and the Middle East and Africa the poultry sector held a key market role. Butyric acid derivatives are essential for improving the health and weight of the animal intestines. The leading segment in all regions was sodium butyrate. Significant sodium butyrate consumption is due to the high efficiency, low prices, better performance, and improved sodium butyrate solubility compared to calcium butyrate and other derivatives. Due to their exceptional characteristics, increased use of sodium butyrate in animal feed is estimated to lead to the world market for butyric acid products over the projected period.
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Regional Snapshots
Based on the region, North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa have been divided on the global butyryic acid derivative market. As far as value is concerned, Asia Pacific was the leading region in the world market for butyric acid derivatives with more than 50% share in 2018. The area is one of the world's largest producers of meat. Substantial pork and poultry meat production is in countries such as China and India. China, ASEAN and Japan are also some of the world's largest aquaculture producers. The butyric acid derivatives market is also an important part of Europe. North America is thereafter. Increased concerns about the excessive use of antibiotics in animals and human beings have led to the European ban on antibiotics. Numerous countries in Europe have prohibited the use in the improvement of meat yield from farm animals of antibiotics and antibiotic growth promoter. This created considerable opportunities for butyric acid derivatives to replace antibiotic growth promoters throughout the region.
Key Players & Strategies
Koninklijke DSM N.V., Perstorp Holdings AB, Nutreco N.V., Kemin Industries Inc., and Palital GmbH & Co. are the major companies operating in the market of butyric acid derivatives. KG. Butyric acid derivatives manufacturers concentrate on research and product development activities in the application of animal feed to meet increased demand for butyric acid derivatives. This strategy allows major actors to meet the increase in animal feed needs and to gain a dominant share of the market for butyric acid derivatives.
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