Thursday, June 13, 2024

Butyric Acid Derivatives Market Revenue and Growth Opportunities: Forecast 2023-2029

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Butyric Acid Derivatives Market was valued at USD 383.47 Mn . in 2022, and it is expected to reach USD 1020.06 Mn. by 2029 with a CAGR of 15% during the forecast period.

Butyric Acid Derivatives Market Overview:

The  Butyric Acid Derivatives Market analysis provides a comprehensive picture of competition, including the market share and company profiles of the worldwide industry’s top rivals. The research scope covers a complete analysis of the  Butyric Acid Derivatives Market, as well as the causes for variances in the industry’s growth in various places.

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Butyric Acid Derivatives Market Scope:

To identify and collect material suitable for this study, this research study makes considerable use of secondary sources, directories, and databases, such as annual reports, press releases, journals, corporate websites, and databases.

Butyric Acid Derivatives Market Drivers:

The market, including its applications, has shown rapid growth in recent years, and this trend is expected to continue during the forecast period. The growing demand for animal feed, particularly for swine and poultry, is driving the growth of the market. Also, demand for renewable butyric acid is increasing in the food and taste and pharmaceutical industries. Meat demand has increased over the world as a result of the rising population and changing living conditions, as well as a rise in customers’ disposable cash. Market demand is likely to be driven as a result of this circumstance.

The market demand is likely to be driven by a shift in meat-eating habits in western regions from antelope meat and beef to pork and poultry. Aside from that, therapeutic use of butyric acid derivatives to improve antigen-explicit T cell inactivation is expected to drive market growth over the forecast period. Also, the critical requirement to reduce the strong odor of meat may drive the growth of the market around the world. One of the major factors driving the market sales from plasticizer applications is the growing demand for beautiful packing items. Also, the growing working population, particularly among women, has driven market demand.

Butyric Acid Derivatives Market Segmentation:

by Animal Feed

Swine
Poultry
Others
Ducks
Pigeon
Turkey
Fish

by Product

Calcium Butyrate
Sodium Butyrate
Potassium Butyrate
Magnesium Butyrate

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Butyric Acid Derivatives Market Key Players: The key players are

1. Perstorp Holdings AB
2. Innovad
3. Nutreco N.V.
4. Alfa Aesar
5. Eastman Chemical Company
6. Kemin Industries Inc.
7. Bioscreen Technologies S.R.L
8. Palital GmbH & Co.
9. Shanghai Kayi Chemical Co. Ltd.
10. SNOWCO
11. Thermo Fisher Scientific
12. Tokyo Chemical Industry Co. Ltd.
13. Norel Animal Nutrition
14. Sanluc International
15. Jainex Speciality Chemicals
16. Others


Regional Analysis:

Individual market influencing elements and changes in market legislation that affect current and future market trends are also included in the regional component of the  Butyric Acid Derivatives Market study. Current and future trends are examined to assess the entire market potential and uncover profitable trends to get a more stable footing. The geographical market assessment is based on the present environment and expected developments.

Key Questions Answered in the  Butyric Acid Derivatives Market Report are:

Which sub-segment had the largest share in the  Butyric Acid Derivatives Market?

How is the competitive landscape of the  Butyric Acid Derivatives Market in 2023?

Which are the key drivers impacting the  Butyric Acid Derivatives Market growth?

Which region holds the maximum share in the  Butyric Acid Derivatives Market?

What will be the CAGR of the  Butyric Acid Derivatives Market during the forecast period (2023-2029)?

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