Butyric Acid Market Covid-19 Impact Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, And Growth Forecast To 2033

Impacts of the COVID-19 Pandemic:

Most industries across the world have been negatively impacted over the last 18 months. This can be attributed to significant disruptions experienced by their respective manufacturing and supply-chain operations as a result of various precautionary lockdowns, as well as other restrictions that were enforced by governing authorities across the globe. The same applies to the global Butyric Acid market. Moreover, consumer demand has also subsequently reduced as individuals are now more keen on eliminating non-essential expenses from their respective budgets as the general economic status of most individuals have been severely affected by this outbreak. These aforementioned elements are expected to burden the revenue trajectory of the global Butyric Acid market over the forecast timeline. However, as respective governing authorities begin to lift these enforced lockdowns, the global Butyric Acid market is expected to recover accordingly.

Request Covid - 19 Impact

Butyric acid, also known as butanoic acid, is a short-chain fatty acid with the chemical formula C4H8O2. It is a colorless, oily liquid with a strong, rancid odor. It is found naturally in many foods, such as butter, cheese, and milk, and is also produced by the fermentation of carbohydrates by certain gut bacteria. Butyric acid has a variety of applications in the food and biotech industry, such as flavoring agent and a dietary supplement. It also has been studied as a potential treatment for certain medical conditions such as inflammatory bowel disease and cancer. In addition, it is used as a solvent in the production of luxury perfumes and flavors, as well as a intermediate in the production of other chemicals. Butyric acid can be toxic in high concentrations, and can cause eye, skin, and respiratory irritation. It is important to handle it with care and use it in well ventilated areas.

What will the market valuation of the global Butyric Acid industry be in 2023?

The Butyric Acid market is expected to index a valuation of USD 542 Million from a value of USD 327 Million registered in 2023. Over the course of this forecast timeline, the global Butyric Acid market is slated to index a CAGR of 9.5%.

Key Market Segments

Application

• Food
• Chemical Intermediate
• Animal Feed
• Perfumes
• Pharmaceuticals
• Others

product

• Natural/Renewable Butyric Acid
• Synthetic Butyric Acid

List Major Industry Players That Are Covered in the Butyric Acid Report?

As a means of boosting global prominence, businesses encompassed in the Butyric Acid sector are now more engaged with initiating approaches such as targeted marketing, CSR programs, etc. A significantly noticeable trend that is being observed across the board is that these companies now aim to manage a given business-related activity in a country that provides favorable policies. In doing so, it enables these given businesses to lower costs, while employing industry specialists for every critical juncture of their respective organization. Authorities in emerging countries such as India, China, Taiwan, and Indonesia, etc., are enacting policies to attract foreign investors to the respective manufacturing sectors by lowering trade tariffs and duties in order to generate more jobs. This report analyzes the Butyric Acid market in a comprehensive manner, outlining its competitive landscape, possible growth opportunities and potential pitfalls, offering information on numerous market players, including:

• Eastman Chemical Company
• Beijing Huamaoyuan Fragrance Flavor Co. Ltd.
• OXEA GmbH
• Tokyo Chemical Industry Co. Ltd.
• Blue Marble Biomaterials
• Perstorp Holding AB
• Snowco industrial Co. Ltd.

Furthermore, several key market players of the global Butyric Acid sector are now more focused on setting-up effective joint ventures, acquisitions, and/or collaborations in order to expand their respective consumer bases. By doing so, they stand to boost their given target bases by being able to cater to them on both a global as well as domestic level. This element in conjunction with favorable prospects emerging from developing nations from the Asia-Pacific region such as India, China, Taiwan, Indonesia, etc., are anticipated to create a surge in business prospects for concerned players over the course of this forecast period.

What are the Key Regions of Operation for the Butyric Acid Market?

The key areas of operation for the global Butyric Acid market are:

• North America
• Europe
• Asia Pacific
• Latin America
• MEA

Key Factors Covered in the Butyric Acid Market Report:

• A comprehensive overview of the global Butyric Acid market
• Detailed information on factors that will fuel or hamper market growth prospects for the global Butyric Acid market
• Potential market CAGR projections over the forecast period
• Precise market size estimations of the Butyric Acid industry
• Accurate upcoming trends and consumer behavior pattern predictions
• Potential expansion prospects for the Butyric Acid market
• A thorough analysis of the Butyric Acid market?s competitive landscape

*NOTE - All statements of fact, opinion, or analysis expressed in any reports published, are those of concerned analysts. They do not necessarily reflect any formal position or view of Marketresearch.Biz.