Natural Butyric Acid Market is expected to reach US$ 326.5 million by 2028

Growing Demand from Pharmaceutical Industries Boosts Natural Butyric Acid Market

According to our latest market study on "Natural Butyric Acid Market Forecast to 2028 – COVID-19 Impact and Global Analysis – by Application (Dietary Supplement, Animal Feed, Flavor and Fragrance, Chemical Intermediate, Pharmaceutical, and Others),” the market is expected to grow from US$ 224.88 million in 2022 to US$ 326.5 million by 2028; it is estimated to register a CAGR of 6.4% from 2022 to 2028. The report highlights key factors driving the market growth, and prominent players and their key developments in the market.

Butyric acid is a fatty acid commonly found in milk and milk products such as butter. It has diverse applications in the food, feed, chemicals, and pharmaceutical industries. Butyric acid is treated as one of the renewable green fuels of the modern age due to its high energy content. Butyric acid production from renewable resources is receiving significant attention from scientific communities and industries due to the increasing prices of petroleum, concerns about greenhouse gas emissions and global warming, and a shift in the preferences of customers.

Merck KGaA, Vigon International LLC, Kunshan Odowell Co Ltd, Aurochemicals LLC, Biosynth AG, Elan Chemical Co, Ernesto Ventos SA, Phoenix Aromas & Essential Oils LLC, Berje Inc, and Eastman Chemical Co are among the key players in the natural butyric acid market, which collectively hold a majority of the market share.

Natural Butyric Acid Market Size, by Region, 2021–2028

Impact of COVID-19 Pandemic on Natural Butyric Acid Market

Before the COVID-19 outbreak, the natural butyric acid market was mainly driven by the rising demand from food & beverages, pulp & paper, animal feed, and pharmaceutical industries. However, in 2020, these industries had to slow down their operations due to disruptions in value chains caused by the shutdown of national and international boundaries. The COVID-19 pandemic hampered the key raw material supply chains and disturbed manufacturing processes due to restrictions imposed by government authorities in various countries. However, in 2021, economies gradually resumed their operations, which had a positive effect on the global marketplace. As large percentages of people from many countries were fully vaccinated by the end of 2021, manufacturers were permitted to operate at full capacities, which helped them consolidate their efforts toward closing the gap between demand and supply. In addition, during the COVID-19 pandemic, the demand for natural butyric acid from the pharmaceutical industry increased, which positively impacted the market. These transformations helped them focus on increasing their production to revive their businesses.

The "Natural Butyric Acid Market Analysis to 2028" is a specialized and in-depth study of the chemicals & materials industry, focusing on market trend analysis. The report aims to provide an overview of the market with detailed segmentation. The natural butyric acid market is segmented on the basis of application and geography. Based on application, the market is segmented into pharmaceutical & dietary supplement, animal feed, flavor and fragrances, chemical intermediates, pharmaceuticals, and others. Based on geography, the natural butyric acid market is segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. In 2021, Asia Pacific dominated the market. The food & beverage industry in Asia Pacific is growing at a rapid pace. It is the most populated region in the world, and the region hosts one of the world's most rapidly developing consumer markets. These factors contribute to a high demand for natural butyric acid in this region. Further, North America is expected to register the highest CAGR in the natural butyric acid market during the forecast period.

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