Middle East and Africa Butyric Acid Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Source (Renewable Butyric Acid and Synthetic Butyric Acid) and Application (Printing Inks, Animal Feed, Food Flavors and Food Fragrances, Chemical Intermediates, Pharmaceutical, and Others)
The butyric acid market in MEA is expected to grow from US$ 8.52 million in 2021 to US$ 21.31 million by 2028. It is estimated to grow at a CAGR of 14.0% from 2021 to 2028.
There is a high demand for butyric acid from the flourishing cosmetic industry in the Middle East and Africa. As per data by Statista, in 2021, the region’s cosmetic industry was recorded worth more than ~US$ 34 billion. Derivatives of butyric acid, such as methyl, ethyl, and amyl butyrate, are used in cosmetic products.
The growing consumption of flavored food and beverages favors the growth of the butyric acid market in the MEA. As per the report of Frost & Sullivan, in 2020, the collective revenue of the food and beverages industry in Saudi Arabia and the UAE was estimated at ~US$ 37 billion, which indicates the high consumption of these products. Further, the rising population, increasing per capita income, and growing health consciousness among consumers in this region are the key factors boosting the consumption of green and recycled flavored foods. Butyric acid is one of the widely used flavoring agents in food and beverages, and it has a fruity and cheesy flavor. Thus, the flourishing food & beverages industry is anticipated to propel the butyric acid market growth in the MEA during the forecast period.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA butyric acid market at an attractive CAGR during the forecast period.
MEA Butyric Acid Market Revenue and Forecast to 2028 (US$ Million)
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MEA Butyric Acid Market Segmentation
The MEA butyric acid market is analyzed on three fronts: Source, application, and country. Based on source, the market has been segmented into renewable butyric acid and synthetic butyric acid. The renewable butyric acid segment held the largest market share in 2020.
Based on application, the market is segmented into printing inks, animal feed, food flavors and fragrances, chemical intermediates, pharmaceuticals, and others. The animal feed segment held the largest market share in 2020.
Based on country, the MEA butyric acid market is segmented into Saudi Arabia, South Africa, the UAE, and the Rest of the MEA.
Alfa Aesar; Eastman Chemical Company; Hefei TNJ Chemical Industry Co., Ltd.; Kunshan Odwell Co., Ltd.; MERCK KGaA; OQ Chemicals GmbH; Perstorp Holding AB; Tokyo Chemical Industry Co., Ltd.; and Yufeng International Co., Ltd. are the leading companies in the MEA butyric acid market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 MEA Butyric Acid Market, by Source
1.3.2 MEA Butyric Acid Market, by Application
1.3.3 MEA Butyric Acid Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. MEA Butyric Acid Market Landscape
4.1 Market Overview
4.2 Porter's Five Forces Analysis
4.3 Ecosystem Analysis
4.4
4.5 Expert Opinion
5. MEA Butyric Acid Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Growing Demand for Animal Feed Product
5.1.2 Growing Applications in Pharmaceuticals Industry
5.2 Market Restraints
5.2.1 Fluctuating Prices of Raw Materials and Health Hazards Related to Handling
5.3 Market Opportunities
5.3.1 Butyric Acid Used as Precursor to Biofuels
5.4 Future Trends
5.4.1 Significant Demand for Specialty Chemicals
5.5 Impact Analysis
6. Butyric Acid Market – MEA Analysis
6.1 MEA Butyric Acid Market Overview
6.2 MEA Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
7. MEA Butyric Acid Market Analysis – by Source
7.1 Overview
7.2 MEA Butyric Acid Market, by Source (2020 and 2028)
7.3 Renewable Butyric Acid
7.3.1 Overview
7.3.2 Renewable Butyric Acid: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)
7.4 Synthetic Butyric Acid
7.4.1 Overview
7.4.2 Synthetic Butyric Acid: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)
8. MEA Butyric Acid Market Analysis – by Application
8.1 Overview
8.2 MEA Butyric Acid Market, by Application (2020 and 2028)
8.3 Printing Inks
8.3.1 Overview
8.3.2 Printing Inks: Butyric Acid Market – Revenue and Forecast to 2028 (US$ Thousand)
8.4 Animal Feed
8.4.1 Overview
8.4.2 Animal Feed: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)
8.5 Food Flavors and Food Fragrance
8.5.1 Overview
8.5.2 Food Flavors and Food Fragrance: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)
8.6 Chemical Intermediates
8.6.1 Overview
8.6.2 Chemical Intermediates: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)
8.7 Pharmaceutical
8.7.1 Overview
8.7.2 Pharmaceutical: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)
8.8 Others
8.8.1 Overview
8.8.2 Others: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)
9. MEA Butyric Acid Market – Country Analysis
9.1 Overview
9.1.1 MEA: Butyric Acid Market, by Key Country
9.1.1.1 South Africa: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
9.1.1.1.1 South Africa: Butyric Acid Market, By Source
9.1.1.1.2 South Africa: Butyric Acid Market, by Application
9.1.1.2 Saudi Arabia: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
9.1.1.2.1 Saudi Arabia: Butyric Acid Market, By Source
9.1.1.2.2 Saudi Arabia: Butyric Acid Market, by Application
9.1.1.3 UAE: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
9.1.1.3.1 UAE: Butyric Acid Market, By Source
9.1.1.3.2 UAE: Butyric Acid Market, by Application
9.1.1.4 Rest of MEA: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
9.1.1.4.1 Rest of MEA: Butyric Acid Market, By Source
9.1.1.4.2 Rest of MEA: Butyric Acid Market, by Application
10. Company Profiles
10.1 Eastman Chemical Company
10.1.1 Key Facts
10.1.2 Business Description
10.1.3 Products and Services
10.1.4 Financial Overview
10.1.5 SWOT Analysis
10.1.6 Key Developments
10.2 OQ Chemicals GmbH
10.2.1 Key Facts
10.2.2 Business Description
10.2.3 Products and Services
10.2.4 Financial Overview
10.2.5 SWOT Analysis
10.2.6 Key Developments
10.3 Perstorp Holding AB
10.3.1 Key Facts
10.3.2 Business Description
10.3.3 Products and Services
10.3.4 Financial Overview
10.3.5 SWOT Analysis
10.3.6 Key Developments
10.4 Alfa Aesar
10.4.1 Key Facts
10.4.2 Business Description
10.4.3 Products and Services
10.4.4 Financial Overview
10.4.5 SWOT Analysis
10.4.6 Key Developments
10.5 MERCK KGaA
10.5.1 Key Facts
10.5.2 Business Description
10.5.3 Products and Services
10.5.4 Financial Overview
10.5.5 SWOT Analysis
10.5.6 Key Developments
10.6 Hefei TNJ Chemical Industry Co.,Ltd.
10.6.1 Key Facts
10.6.2 Business Description
10.6.3 Products and Services
10.6.4 Financial Overview
10.6.5 SWOT Analysis
10.6.6 Key Developments
10.7 KUNSHAN ODOWELL CO., LTD
10.7.1 Key Facts
10.7.2 Business Description
10.7.3 Products and Services
10.7.4 Financial Overview
10.7.5 SWOT Analysis
10.7.6 Key Developments
10.8 Yufeng International Co.,Ltd
10.8.1 Key Facts
10.8.2 Business Description
10.8.3 Products and Services
10.8.4 Financial Overview
10.8.5 SWOT Analysis
10.8.6 Key Developments
11. Appendix
11.1 About The Insight Partners
11.2 Glossary of Terms
LIST OF TABLES
Table 1. MEA Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
Table 2. South Africa Butyric Acid Market, By Source – Revenue and Forecast to 2028 (US$ Thousand)
Table 3. South Africa Butyric Acid Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 4. Saudi Arabia Butyric Acid Market, By Source – Revenue and Forecast to 2028 (US$ Thousand)
Table 5. Saudi Arabia Butyric Acid Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 6. UAE Butyric Acid Market, By Source – Revenue and Forecast to 2028 (US$ Thousand)
Table 7. UAE Butyric Acid Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 8. Rest of MEA Butyric Acid Market, By Source – Revenue and Forecast to 2028 (US$ Thousand)
Table 9. Rest of MEA Butyric Acid Market, by Application – Revenue and Forecast to 2028 (US$ Thousand)
Table 10. Glossary of Terms, MEA Butyric Acid Market
LIST OF FIGURES
Figure 1. MEA Butyric Acid Market Segmentation
Figure 2. MEA Butyric Acid Market Segmentation – By Country
Figure 3. MEA Butyric Acid Market Overview
Figure 4. MEA Butyric Acid Market, By Source
Figure 5. MEA Butyric Acid Market, by Country
Figure 6. Ecosystem: MEA Butyric Acid Market
Figure 7. Expert Opinion
Figure 8. MEA Butyric Acid Market Impact Analysis of Drivers and Restraints
Figure 9. MEA Butyric Acid Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 10. MEA Butyric Acid Market Revenue Share, by Source (2020 and 2028)
Figure 11. MEA Renewable Butyric Acid: Butyric Acid Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 12. MEA Synthetic Butyric Acids: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 13. MEA Butyric Acid Market Revenue Share, by Application (2020 and 2028)
Figure 14. MEA Printing Inks: Butyric Acid Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 15. MEA Animal Feed: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 16. MEA Food Flavors and Food Fragrance: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 17. MEA Chemical Intermediates: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 18. MEA Pharmaceutical: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 19. MEA Others: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)
Figure 20. MEA: Butyric Acid Market, by Key Country – Revenue (2020) (US$ Thousand)
Figure 21. MEA: Butyric Acid Market Revenue Share, by Key Country (2020 and 2028)
Figure 22. South Africa: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 23. Saudi Arabia: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 24. UAE: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
Figure 25. Rest of MEA: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)
- Alfa Aesar
- Eastman Chemical Company
- Hefei TNJ Chemical Industry Co., Ltd.
- Kunshan Odwell Co., Ltd.
- MERCK KGaA
- OQ Chemicals GmbH
- Perstorp Holding AB
- Tokyo Chemical Industry Co., Ltd.
- Yufeng International Co., Ltd.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA butyric acid market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the MEA butyric acid market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the butyric acid market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution