Report : Europe Natural Butyric Acid Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application (Dietary Supplement, Animal Feed, Flavor and Fragrances, Chemical Intermediates, Pharmaceuticals, and Others)
At 6.1% CAGR, the Europe Natural Butyric Acid Market is speculated to be worth US$ 98.25 million by 2028, says Business Market Insights
According to Business Market Insights’ research, the Europe natural butyric acid market was valued at US$ 68.90 million in 2022 and is expected to reach US$ 98.25 million by 2028, registering a CAGR of 6.1% from 2022 to 2028. Increasing demand from flavor and fragrance industry and growing applications in pharmaceuticals industry are the critical factors attributed to the Europe natural butyric acid market expansion.
Natural butyric acid has many applications in the pharmaceuticals industry. This short-chain fatty acid plays a key role in improving digestive health, managing weight, and preventing cancer. The compound is well known for its anti-cancer effects as it induces morphological and biochemical differentiation in various cells; it has also been studied for its colon cancer-suppressing abilities. Several research institutes are engaged in the development of prodrugs containing butyric acid, which can be used as a potential treatment of cancers, leukemia, and side effects of alopecia caused by chemotherapy. The pharmaceutical industry plays an important role in developed and developing nations' economies. The changing consumer eating habits and growing many health issues such as indigestion, gastric, and irritable bowel syndrome are supporting the market growth for natural butyric acid. Therefore, substantial demand from the continuously growing pharmaceuticals industry drives the Europe natural butyric acid market growth.
On the contrary, rising demand for specialty chemicals hurdles the growth of Europe natural butyric acid market.
Based on Application, the Europe natural butyric acid market is segmented into dietary supplement, animal feed, flavor and fragrances, chemical intermediates, pharmaceuticals, and others. The pharmaceuticals segment held 30.7% share of Europe natural butyric acid market in 2022, amassing US$ 21.15 million. It is projected to garner US$ 30.99 million by 2028 to expand at 6.6% CAGR during 2022–2028.
Based on country, the Europe natural butyric acid market has been categorized into the UK, Germany, France, Italy, Russia, and the Rest of Europe. Our regional analysis states that the Rest of Europe captured 23.7% share of Europe natural butyric acid market in 2022. It was assessed at US$ 16.35 million in 2022 and is likely to hit US$ 21.20 million by 2028, exhibiting a CAGR of 4.4% during the forecast period.
Key players dominating the Europe natural butyric acid market are Aurochemicals LLC, Berje Inc, Biosynth AG, Eastman Chemical Co, Ernesto Ventos SA, Kunshan Odowell Co Ltd, Merck KGaA, and Phoenix Aromas & Essential Oils LLC among others.
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