Pune, Nov. 21, 2023 (GLOBE NEWSWIRE) -- The SNS Insider report indicates that “The size of Butyric Acid Market reached USD 321 million in 2022 and is projected to reach USD 644.32 million by 2030, experiencing a compound annual growth rate (CAGR) of 9.1% during the forecast period from 2023 to 2030”.
Market Overview
Butyric acid, a short-chain fatty acid, has garnered significant attention in recent years owing to its diverse applications and potential benefits across various industries. This compound, also known as butanoic acid, is a carboxylic acid with a distinctive odor reminiscent of rancid butter, contributing to its nomenclature. Widely present in nature, butyric acid plays a crucial role in biological processes and has found applications in numerous industrial sectors. Butyric acid exhibits potential therapeutic properties, particularly in the field of pharmaceuticals. Research suggests its role in anti-inflammatory and anti-cancer activities, making it a subject of interest for drug development.
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Market Analysis
The rising demand for high-quality animal products has led to an increased use of butyric acid in animal feed formulations. Its proven benefits in promoting gut health and improving nutrient absorption contribute to enhanced animal productivity. As the food industry continues to innovate and diversify, the demand for flavor enhancers such as butyric acid is on the rise. Its unique buttery taste and versatility make it a valuable component in various food products. With a growing emphasis on health and wellness, there is an increased awareness of the importance of gut health. Butyric acid, known for its positive effects on the gastrointestinal tract, is gaining recognition as a valuable dietary component. Ongoing research exploring the therapeutic potential of butyric acid in the pharmaceutical industry is a significant driver for market growth. The compound's anti-inflammatory and anti-cancer properties make it a promising candidate for drug development. All these factors foster the growth of the butyric acid market.
Butyric Acid Market Report Scope:
| Report Attributes | Details |
| Market Size in 2022 | USD 45.01 billion |
| Market Size by 2030 | USD 164.6 billion |
| CAGR | CAGR of 17.6% by 2023-2030 |
| Market Opportunity |
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| Market Segments |
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| Major Market Players | Beyond Meat, Inc., Atlantic Natural Food LLC, Califia Farms LLC, Conagra Brands Inc, Danone S.A., Glanbia PLC, Royal DSM N.V., Impossible Food Inc., Harmless Harvest, Nestle S.A., The Hain Celestial Group Inc., SunOpta Inc., Lightlife Food Inc, Noumi Ltd., and Tyson Food Inc. and other key players. |
Key Takeaway from Butyric Acid Market Study
- Sodium Butyrate stands out as a key segment in the market. With its widespread applications in animal feed, food and flavor, and pharmaceuticals, Sodium Butyrate has witnessed a surge in demand. Its role in promoting gut health in animals and humans has been a driving force, as awareness of the importance of digestive health continues to rise.
- The pharmaceuticals segment is emerging as a powerhouse within the butyric acid market. The increasing focus on developing innovative drugs and therapies has led to a growing demand for butyric acid in pharmaceutical applications. Researchers are exploring the potential of butyric acid in treating various diseases, including cancer and inflammatory disorders.
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Recent Developments
- Osel recently disclosed highly encouraging outcomes from the Phase 1b trial of its Live Biotherapeutic Product (LBP), CBM588, when administered in combination. The trial's success marks a significant stride in the realm of biotherapeutics, potentially paving the way for innovative and effective treatments.
- METEX NØØVISTA and ALINOVA have inked a pivotal agreement concerning the marketing of the inaugural 100% bio-based butyric acid for animal nutrition in France. By addressing the growing demand for natural and sustainable ingredients, ALINOVA is poised to better cater to the evolving needs of its clientele.
Market Dynamics Analysis
The butyric acid market is currently witnessing dynamic shifts driven by a confluence of various factors. A key driver propelling the market forward is the increasing demand from the food and beverage industry, particularly in the production of flavoring agents, preservatives, and animal feed additives. Butyric acid's role as a vital component in the formulation of pharmaceuticals and personal care products further augments its market growth. Additionally, the growing awareness about the benefits of butyric acid, such as its positive impact on gut health and its potential use as an energy source in the animal feed sector, is fostering its adoption. Despite these drivers, the market faces notable restraints. Fluctuations in the prices of raw materials, such as corn and sugarcane, pose a challenge to manufacturers, impacting the overall cost of production. Regulatory constraints and compliance standards associated with the production and use of butyric acid also contribute to the market's complexities, necessitating adherence to stringent quality standards.
Key Regional Developments
In North America, the butyric acid market is witnessing significant growth, primarily driven by the region's inclination towards innovation and technological advancements. The food and beverage industry, in particular, is a major consumer of butyric acid, with a rising demand for natural preservatives and flavor enhancers. Europe is a key player in the global market, driven by stringent regulations promoting sustainable and eco-friendly practices. The region's emphasis on reducing the environmental impact of industrial processes has led to a growing preference for bio-based production methods of butyric acid. Asia-Pacific stands out as a rapidly growing market for butyric acid, fueled by robust industrialization and the burgeoning demand for processed foods. The region's thriving food and beverage sector, coupled with a growing population and changing dietary preferences, is boosting the consumption of butyric acid in various applications.
Impact of Recession
The recession has led to changes in consumer spending patterns, impacting industries that heavily rely on butyric acid. The demand for products like perfumes, cosmetics, and certain processed foods, which use butyric acid as a key ingredient, has experienced fluctuations. To navigate the challenges posed by the recession, companies in the butyric acid market are exploring new applications. Diversifying into sectors less affected by economic downturns, such as essential healthcare products, could provide a buffer against market fluctuations. Collaborations within the industry and with downstream users can help in navigating the challenges posed by the recession. Joint efforts in research and development, exploring new markets, and sharing resources can enhance the overall resilience of the market.
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TABLE OF CONTENT
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 Forces Model
7. PEST Analysis
8. Plant-Based Diet Market Segmentation, By Product Type
8.1 Plant-Based Meat Products
8.2 Plant-Based Dairy Products
8.3 Others
9. Plant-Based Diet Market Segmentation, By Source
9.1 Legumes
9.2 Whole Grains
9.3 Seeds and Nuts,
9.4 Fruits and Vegetables
10. Plant-Based Diet Market Segmentation, By Distribution Channel
10.1 Supermarkets/hypermarkets
10.2 Convenience Stores
10.3 Specialty Stores
10.4 Online Sales Channel
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.5 USA
11.2.6 Canada
11.2.7 Mexico
11.3 Europe
11.3.1 Eastern Europe
11.3.1.5 Poland
11.3.1.6 Romania
11.3.1.7 Turkey
11.3.1.8 Rest of Eastern Europe
11.3.2 Western Europe
11.3.2.4 Germany
11.3.2.5 France
11.3.2.6 UK
11.3.2.7 Italy
11.3.2.8 Spain
11.3.2.9 Netherlands
11.3.2.10 Switzerland
11.3.2.11 Austria
11.3.2.12 Rest of Western Europe
11.4 Asia-Pacific
11.4.5 China
11.4.6 India
11.4.7 Japan
11.4.8 South Korea
11.4.9 Vietnam
11.4.10 Singapore
11.4.11 Australia
11.4.12 Rest of Asia-Pacific
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.5 UAE
11.5.1.6 Egypt
11.5.1.7 Saudi Arabia
11.5.1.8 Qatar
11.5.1.9 Rest of Middle East
11.5.2 Africa
11.5.2.5 Nigeria
11.5.2.6 South Africa
11.5.2.7 Rest of Africa
11.6 Latin America
11.6.5 Brazil
11.6.6 Argentina
11.6.7 Colombia
11.6.8 Rest of Latin America
12. Company Profile
12.1 Atlantic Natural Food LLC
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Califia Farms, LLC,
12.3 Beyond Meat, Inc.
12.4 Conagra Brands, Inc
12.5 Royal DSM N.V.
12.6 Danone S.A.
12.7 Glanbia PLC
12.8 Impossible Food Inc.
12.9 Harmless Harvest
12.10 Lightlife Food Inc
12.11 Noumi Ltd.
12.12 Nestle S.A.
12.13 The Hain Celestial Group Inc
12.14 Tyson Food Inc.
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
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