North America 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)       

Code: TIPRE00029142 | Pages: 93 | Industry: Chemicals and Materials | Date: May 2022
Covid

The butyric acid market in North America is expected to grow from US$ 40.62 million in 2021 to US$ 108.37 million by 2028. It is estimated to grow at a CAGR of 15.0% from 2021 to 2028.

 

The US, Canada, and Mexico are the key economies in North America. Butyric acid is known for its beneficial effects on gut health and development. For decades, it has been used in animal feed to ensure animals’ improved gut health and performance. The use of butyric acid in animal nutrition also helps in improving nutrient absorption.

 

Nowadays, different butyric acid-based products are available in the market. In the form of alpha-monobutyrin and tributyrin, glycerides of butyric acid improve weaned piglet performances. Further, butyric acid has become a first-choice antibiotic alternative for broiler, layer, turkey, and swine producers with the animal feed industry’s shift to reduce antibiotic usage.

 

In recent years, the livestock industry in various countries has expanded rapidly with the shift in diet preferences among consumers toward animal proteins. Population growth, income surge, elevating living standards, and urbanization have been the key factors propelling the demand for meat worldwide. Pork and poultry dominate meat consumption. Poultry is perceived as a cost-effective protein source. The increasing demand for meat products highlights the need for animal feed and feed additives. The rise in domestic need for meat stimulates the rapid development of the feed industry in the country. The growing demand for animal feed products in different regions is boosting the demand for butyric acid, thereby bolstering the market.

 

With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America butyric acid market at a healthy CAGR during the forecast period.

 

North America Butyric Acid Market Revenue and Forecast to 2028 (US$ Million)

North America Butyric Acid Market Revenue and Forecast to 2028 (US$ Million)

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North America Butyric Acid Market Segmentation

 

The North America 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 North America butyric acid market is segmented into the US, Canada, and Mexico. The US held the largest market share in 2020.

 

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.; Vigon International, LLC.; and Yufeng International Co., Ltd. are the leading companies in the market. 

1.           Introduction

1.1         Study Scope

1.2         The Insight Partners Research Report Guidance

1.3         Market Segmentation

1.3.1        North America Butyric Acid Market, by Source

1.3.2        North America Butyric Acid Market, by Application

1.3.3        North America 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.           North America Butyric Acid Market Landscape

4.1         Market Overview

4.2         Porter's Five Forces Analysis

4.3         Ecosystem Analysis

4.4         Expert Opinion

5.           North America Butyric Acid Market – Key Market Dynamics

5.1         Market Drivers

5.1.1        Rising Demand from Animal Feed Sector

5.1.2        Increasing 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 Being Used as Precursor to Biofuels

5.4         Future Trends

5.4.1        Rising Need for Specialty Chemicals

5.5         Impact Analysis

6.           Butyric Acid Market – North America Analysis

6.1         North America Butyric Acid Market Overview

6.2         North America Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

7.           North America Butyric Acid Market Analysis – by Source

7.1         Overview

7.2         North America 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.           North America Butyric Acid Market Analysis – by Application

8.1         Overview

8.2         North America 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.           North America Butyric Acid Market – Country Analysis

9.1         Overview

9.1.1        North America: Butyric Acid Market, by Key Country

9.1.1.1          US: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

9.1.1.1.1          US: Butyric Acid Market, by Source

9.1.1.1.2          US: Butyric Acid Market, by Application

9.1.1.2          Canada: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

9.1.1.2.1          Canada: Butyric Acid Market, by Source

9.1.1.2.2          Canada: Butyric Acid Market, by Application

9.1.1.3          Mexico: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

9.1.1.3.1          Mexico: Butyric Acid Market, by Source

9.1.1.3.2          Mexico: 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      Tokyo Chemical Industry Co., Ltd.

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      Perstorp Holding AB

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      Alfa Aesar

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      MERCK KGaA

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      Vigon International, LLC.

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      Hefei TNJ Chemical Industry 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

10.9      KUNSHAN ODOWELL CO., LTD

10.9.1     Key Facts

10.9.2     Business Description

10.9.3     Products and Services

10.9.4     Financial Overview

10.9.5     SWOT Analysis

10.9.6     Key Developments

10.10   Yufeng International Co.,Ltd

10.10.1  Key Facts

10.10.2  Business Description

10.10.3  Products and Services

10.10.4  Financial Overview

10.10.5  SWOT Analysis

10.10.6  Key Developments

11.        Appendix

11.1      About The Insight Partners

11.2      Glossary of Terms

 


LIST OF TABLES

Table 1.             North America Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

Table 2.             US Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)

Table 3.             US Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)

Table 4.             Canada Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)

Table 5.             Canada Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)

Table 6.             Mexico Butyric Acid Market, by Source – Revenue and Forecast to 2028 (USD Thousand)

Table 7.             Mexico Butyric Acid Market, by Application – Revenue and Forecast to 2028 (USD Thousand)

Table 8.             Glossary of Terms, North America Butyric Acid Market

 


LIST OF FIGURES

Figure 1.           North America Butyric Acid Market Segmentation

Figure 2.           North America Butyric Acid Market Segmentation – By Country

Figure 3.           North America Butyric Acid Market Overview

Figure 4.           North America Butyric Acid Market, By Source

Figure 5.           North America Butyric Acid Market, by Country

Figure 6.           Porter's Five Forces Analysis

Figure 7.           Ecosystem: North America Butyric Acid Market

Figure 8.           Expert Opinion

Figure 9.           North America Butyric Acid Market Impact Analysis of Drivers and Restraints

Figure 10.        North America Butyric Acid Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 11.        North America Butyric Acid Market Revenue Share, by Source (2020 and 2028)

Figure 12.        North America Renewable Butyric Acid: Butyric Acid Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 13.        North America Synthetic Butyric Acids: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 14.        North America Butyric Acid Market Revenue Share, by Application (2020 and 2028)

Figure 15.        North America Printing Inks: Butyric Acid Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 16.        North America Animal Feed: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 17.        North America Food Flavors and Food Fragrance: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 18.        North America Chemical Intermediates: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 19.        North America Pharmaceutical: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 20.        North America Others: Butyric Acids Market – Revenue and Forecast to 2028 (US$ Thousand)

Figure 21.        North America: Butyric Acid Market, by Key Country – Revenue (2020) (US$ Thousand)

Figure 22.        North America: Butyric Acid Market Revenue Share, by Key Country (2020 and 2028)

Figure 23.        US: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

Figure 24.        Canada: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

Figure 25.        Mexico: Butyric Acid Market –Revenue and Forecast to 2028 (US$ Thousand)

  1. Alfa Aesar
  2. Eastman Chemical Company
  3. Hefei TNJ Chemical Industry Co., Ltd.
  4. Kunshan Odwell Co., Ltd.
  5. MERCK KGaA
  6. OQ Chemicals GmbH
  7. Perstorp Holding AB
  8. Tokyo Chemical Industry Co., Ltd.
  9. Vigon International, LLC.
  10. Yufeng International Co., Ltd.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America 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 North America 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 North America 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
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