North America 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)
The North America natural butyric acid market is expected to grow from US$ 55.95 million in 2022 to US$ 84.54 million by 2028. It is estimated to grow at a CAGR of 7.1% from 2022 to 2028.
Growing Applications in Pharmaceuticals Industry is Fueling North America Natural Butyric Acid Market
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 North America natural butyric acid market growth.
North America Natural Butyric Acid Market Overview
The US, Canada, and Mexico are key economies in North America. The region is witnessing high demand for natural butyric acid due to its increasing application in the pharmaceutical industry. Butyric acid has weight-reduction properties as it breaks down fats in the body. Pharmaceutical companies in North America are witnessing high demand for fat-control medicines and fortified food supplements. The increasing consumer focus on fitness and body weight regulation due to changes in lifestyles and eating habits has driven the use of natural butyric acid in fortified products, which is supporting the natural butyric acid market growth in North America. According to the Harvard School of Public Health, the US is expected to spend US$ 48‒66 billion yearly on obesity-related medication by 2030. In addition, the high consumption of natural butyric acid by the animal feed industry is expected to propel the market growth. For instance, according to the American Feed Industry Association (AFIA), in the US, over 5,800 animal food manufacturing facilities produce over 284 million tons of finished feed and pet food each year. Additionally, as per the United States Department of Agriculture (USDA), in January 2021, the number of dairy cows reached 9.4 million in the country. Natural butyric acid is a primary ingredient of animal feed; hence, its demand is likely to increase during the forecast period. Moreover, butyric acid shows anti-cancer effects as it induces morphological and biochemical differentiation in various cells, leading to simultaneous suppression of neoplastic properties. As per the US Department of Health & Human Services, in 2021, the country recorded 1,898,160 new cancer cases compared to 1,708,921 cancer patients in 2018. Thus, the growing application of natural butyric acid in medicines to prevent obesity, cancer, and other diseases is propelling the growth of the North America natural butyric acid market.
North America Natural Butyric Acid Market Revenue and Forecast to 2028 (US$ Million)
The North America natural butyric acid market is bifurcated into application and country.
Based on Application, the North America natural butyric acid market is segmented into dietary supplement, animal feed, flavor and fragrances, chemical intermediates, pharmaceuticals, and others. The dietary supplement segment held the largest North America natural butyric acid market share in 2022.
Based on country, the North America natural butyric acid market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US dominated the North America natural butyric acid market in 2022.
Aurochemicals LLC, Berje Inc, Biosynth AG, Eastman Chemical Co, Elan Chemical Co, Ernesto Ventos SA, Kunshan Odowell Co Ltd, Merck KGaA, Phoenix Aromas & Essential Oils LLC, and Vigon International LLC are the leading companies operating in the North America natural butyric acid market
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Natural Butyric Acid Market, by Application
1.3.2 North America Natural Butyric Acid Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.1.1 Natural Butyric Acid Market, by Application
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 Natural Butyric Acid Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Threat of New Entrants:
4.2.2 Bargaining Power of Suppliers:
4.2.3 Bargaining Power of Buyers:
4.2.4 Competitive Rivalry:
4.2.5 Threat of Substitutes:
4.3 Ecosystem Analysis
4.3.1 Overview:
4.3.2 Raw Material Suppliers:
4.3.3 Manufacturers
4.3.4 Distributors or Suppliers
4.3.5 Application
4.4 Expert Opinions
5. North America Natural Butyric Acid Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Demand from Flavour and Fragrance Industry
5.1.2 Growing Applications in Pharmaceuticals Industry
5.2 Market Restraints
5.2.1 Low Price and High Availability of Synthetic Butyric Acid
5.3 Market Opportunities
5.3.1 Use of Natural Butyric Acid as Precursor to Biofuels
5.4 Future Trends
5.4.1 Rising Demand for Specialty Chemicals
5.5 Impact Analysis
6. Natural Butyric Acid Market – North America Analysis
6.1 North America Natural Butyric Acid Market –Revenue and Forecast to 2028 (US$ Million)
6.2 North America Natural Butyric Acid Market –Volume and Forecast to 2028 (Tons)
7. North America Natural Butyric Acid Market Analysis – By Application
7.1 Overview
7.2 North America Natural Butyric Acid Market, By Application (2021 and 2028)
7.3 Dietary Supplements
7.3.1 Overview
7.3.2 Dietary Supplements: Natural Butyric Acid Market – Revenue and Forecast to 2028 (US$ Mn)
7.3.3 Dietary Supplements: Natural Butyric Acid Market –Volume and Forecast to 2028 (Tons)
7.4 Animal Feed
7.4.1 Overview
7.4.2 Animal Feed: Natural Butyric Acid Market – Revenue and Forecast to 2028 (US$ Mn)
7.4.3 Animal Feed: Natural Butyric Acid Market –Volume and Forecast to 2028 (Tons)
7.5 Flavors & Fragrances
7.5.1 Overview
7.5.2 Flavors & Fragrances: Natural Butyric Acid Market – Revenue and Forecast to 2028 (US$ Mn)
7.5.3 Flavors & Fragrances: Natural Butyric Acid Market –Volume and Forecast to 2028 (Tons)
7.6 Chemical Intermediate
7.6.1 Overview
7.6.2 Chemical Intermediate: Natural Butyric Acid Market – Revenue and Forecast to 2028 (US$ Mn)
7.6.3 Chemical Intermediate: Natural Butyric Acid Market –Volume and Forecast to 2028 (Tons)
7.7 Pharmaceutical
7.7.1 Overview
7.7.2 Pharmaceutical: Natural Butyric Acid Market – Revenue and Forecast to 2028 (US$ Mn)
7.7.3 Pharmaceutical: Natural Butyric Acid Market –Volume and Forecast to 2028 (Tons)
7.8 Others
7.8.1 Overview
7.8.2 Others: Natural Butyric Acid Market – Revenue and Forecast to 2028 (US$ Mn)
7.8.3 Others: Natural Butyric Acid Market –Volume and Forecast to 2028 (Tons)
8. North America Natural Butyric Acid Market – Country Analysis
8.1 Overview
8.1.1 North America: Natural Butyric Acid Market, by Key Country
8.1.1.1 US: Natural Butyric Acid Market –Volume and Forecast to 2028 (Tons)
8.1.1.2 US: Natural Butyric Acid Market –Revenue and Forecast to 2028 (US$ Million)
8.1.1.2.1 US: Natural Butyric Acid Market, by Application
8.1.1.2.2 US: Natural Butyric Acid Market, by Application
8.1.1.3 Canada: Natural Butyric Acid Market–Volume and Forecast to 2028 (Tons)
8.1.1.4 Canada: Natural Butyric Acid Market–Revenue and Forecast to 2028 (US$ Million)
8.1.1.4.1 Canada: Natural Butyric Acid Market, by Application
8.1.1.4.2 Canada: Natural Butyric Acid Market, by Application
8.1.1.5 Mexico: Natural Butyric Acid Market–Volume and Forecast to 2028 (Tons)
8.1.1.6 Mexico: Natural Butyric Acid Market–Revenue and Forecast to 2028 (US$ Million)
8.1.1.6.1 Mexico: Natural Butyric Acid Market, by Application
8.1.1.6.2 Mexico: Natural Butyric Acid Market, by Application
9. Industry Landscape
9.1 Overview
9.2 Market Initiative
9.3 Merger and Acquisition
10. Company Profiles
10.1 Merck KGaA
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 Vigon International LLC
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 Kunshan Odowell 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 Aurochemicals LLC
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 Biosynth AG
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 Elan Chemical Co
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 Ernesto Ventos SA
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 Phoenix Aromas & Essential Oils LLC
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 Berje Inc
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 Eastman Chemical Co
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 Natural Butyric Acid Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. North America Natural Butyric Acid Market –Volume and Forecast to 2028 (Tons)
Table 3. US Natural Butyric Acid Market, by Application – Volume and Forecast to 2028 (Tons)
Table 4. US Natural Butyric Acid Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada: Natural Butyric Acid Market, by Application – Volume and Forecast to 2028 (Tons)
Table 6. Canada: Natural Butyric Acid Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. Mexico Natural Butyric Acid Market, by Application – Volume and Forecast to 2028 (Tons)
Table 8. Mexico Natural Butyric Acid Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 9. Glossary of Terms
LIST OF FIGURES
Figure 1. North America Natural Butyric Acid Market Segmentation
Figure 2. North America Natural Butyric Acid Market Segmentation – By Country
Figure 3. North America Natural Butyric Acid Market Overview
Figure 4. North America Natural Butyric Acid Market, By Application
Figure 5. North America Natural Butyric Acid Market, by Country
Figure 6. Porter’s Five Forces Analysis
Figure 7. North America Natural Butyric Acid Market, Ecosystem
Figure 8. Expert Opinions
Figure 9. North America Natural Butyric Acid Market Impact Analysis of Drivers and Restraints
Figure 10. North America Natural Butyric Acid Market – Revenue and Forecast to 2028 (US$ Million)
Figure 11. North America Natural Butyric Acid Market –Volume and Forecast to 2028 (Tons)
Figure 12. North America Natural Butyric Acid Market Revenue Share, By Application (2021 and 2028)
Figure 13. Dietary Supplements: North America Natural Butyric Acid Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 14. Dietary Supplements: North America Natural Butyric Acid Market –Volume and Forecast To 2028 (Tons)
Figure 15. Animal Feed: North America Natural Butyric Acid Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 16. Animal Feed: North America Natural Butyric Acid Market –Volume and Forecast To 2028 (Tons)
Figure 17. Flavors & Fragrances: North America Natural Butyric Acid Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 18. Flavors & Fragrances: North America Natural Butyric Acid Market –Volume and Forecast To 2028 (Tons)
Figure 19. Chemical Intermediate: North America Natural Butyric Acid Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 20. Chemical Intermediate: North America Natural Butyric Acid Market –Volume and Forecast To 2028 (Tons)
Figure 21. Pharmaceutical: North America Natural Butyric Acid Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 22. Pharmaceutical: North America Natural Butyric Acid Market –Volume and Forecast To 2028 (Tons)
Figure 23. Others: North America Natural Butyric Acid Market – Revenue and Forecast To 2028 (US$ Mn)
Figure 24. Others: North America Natural Butyric Acid Market –Volume and Forecast To 2028 (Tons)
Figure 25. North America: Natural Butyric Acid Market, by Key Country – Revenue (2021) (US$ ‘Million)
Figure 26. North America: Natural Butyric Acid Market Revenue Share, by Key Country (2021 and 2028)
Figure 27. US: Natural Butyric Acid Market –Volume and Forecast to 2028 (Tons)
Figure 28. US: Natural Butyric Acid Market –Revenue and Forecast to 2028 (US$ Million)
Figure 29. Canada: Natural Butyric Acid Market–Volume and Forecast to 2028 (Tons)
Figure 30. Canada: Natural Butyric Acid Market–Revenue and Forecast to 2028 (US$ Million)
Figure 31. Mexico: Natural Butyric Acid Market–Volume and Forecast to 2028 (Tons)
Figure 32. Mexico: Natural Butyric Acid Market–Revenue and Forecast to 2028 (US$ Million)
- Aurochemicals LLC
- Berje Inc
- Biosynth AG
- Eastman Chemical Co
- Elan Chemical Co
- Ernesto Ventos SA
- Kunshan Odowell Co Ltd
- Merck KGaA
- Phoenix Aromas & Essential Oils LLC
- Vigon International LLC
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