June 02, 2021
According to the research report titled ‘Global Butyric Acid Market Size By Type (Synthetic, Renewable), By Application (Pharmaceutical, Biofuel, Food Additive & Flavoring, Animal Feed, Cosmetic, Plasticizer, Leather Tanning), Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027’, available with Market Study Report, global butyric acid market is touted to record substantial growth over 2021-2027.
Surging adoption of cosmetics products like deodorants & perfumes, increasing cognizance of health benefits associated with the product as well as soaring demand for leather tanning are factors augmenting the growth of global butyric acid industry.
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Butyric acid provides colon cells with approximately 70% trusted form of energy and is mostly found in raw milk, plant oils, butter, clarified butter, and animal fats in esterified form. It has been scientifically proven that a diet rich in resistance starches, like an under-ripe banana, impels butyric acid level, reducing colon cancer risk and maintaining colorectal health. Butyric acid is also known to reduce inflammation, regulate weight, and protect the brain.
Speaking of application scope, the industry sphere is bifurcated into biofuel, leather tanning, cosmetic, plasticizer, pharmaceuticals, animal feed, food additive & flavoring, and others. The others application segment is touted to register 13.2% CAGR over the forecast period
Regionally, as per estimates, butyric acid market in LATAM is anticipated to grow with a CAGR of 13.9% through 2027, owing to soaring usage product for leather tanning. On the other hand, MEA industry is expected to register a CAGR of 19.4% over the forecast time period, creditable to rising sales of cosmetic products like perfumes and others.
The competitive landscape of global butyric acid market is defined by companies such as Beijing Huamaoyuan Fragrance Flavor Co. Ltd., Dmitrievsky Chemical Plant (DHZ), OXEA GmbH (Oberhausen), Snowco Industrial Co. Ltd., Blue Marble Biomaterials, Tokyo Chemical Industry Co. Ltd., Perstorp Holding AB, Eastman Chemical Company, and Alfa Aesar GmbH & Co. KG among others.