Global Butyric Acid Derivatives Market: Rising Concerns over Usage of Antibiotics on Animals to Create Lucrative Opportunities, says TMR

Global Butyric Acid Derivatives Market: Snapshot

The global market for butyric acid derivatives has gained significantly over the last few years. The increasing consumption of meat and poultry products is having the most prominent impact on the demand for butyric acid derivatives across the world. The market, which stood at US$227.5 mn in 2015, is likely to be driven substantially by the rising shift in consumers’ preference from beef and ruminant meat to chicken and pork in the next few years at a CAGR of 10.30% between 2016 and 2024. By the end of this period, the opportunity in this market is estimated to reach a value of US$ 542.8 mn.

Although the future of this market looks thriving, the emergence of propionic acid, propionates, and formic acid as a substitute of butyric acid derivatives may hamper the market’ growth to some extent over the next few years.

Request Sample Report:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3509
Asia Pacific to Continue on Top

On the basis of region, the worldwide market for butyric derivatives is led by Asia Pacific and is expected to continue being so over the next few years due to the high production of meat in this region. In 2015, this regional market accounted for a share of more than 35% in the overall market. The increasing production of pork and poultry meat in Asian economies, especially China and India, is likely to ensure the lead of this region in the near future.

Asia Pacific is closely followed by Europe on account of the prohibition on the usage of antibiotics in many European countries in order to improve the meat yield from farm animals. This has created massive opportunities for butyric acid derivatives to be used as a substitute for antibiotic growth promoters, leading to an impressive rise in the Europe market for butyric acid derivatives in the years to come.

North America is also anticipated to witness significant growth in their market share over the forthcoming years. With North America being a leading producer of chicken and turkey meat in the world, the demand for butyric acid derivatives in the poultry segment is remarkably high in this region. The increasing demand for white meat in North America is likely to create lucrative opportunities for the growth of this regional market in the next few years.

For More Industrial Insights Get PDF Brochure:

https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=22328

Swine Feed Segment to Report Strong Demand for Butyric Acid Derivatives

Butyric acid derivatives find a widespread usage in poultry, swine, and various others animal feeds, such as ruminants, aquaculture, and pets, across the world. Among these, the demand for these derivatives has been higher than others in swine feed. Increasing at a CAGR 10.0% from 2016 and 2024, the demand in this segment is likely to remain stronger over the forthcoming years. However, the poultry segment is also projected to report a high-paced rise in the demand for these derivatives in the near future.

For More Information Please Visit:

https://www.prnewswire.com/news-releases/butyric-acid-derivatives-market-for-animal-feed-application-is-estimated-to-reach-us-5428-mn-by-2024-transparency-market-research-618341533.html

The leading companies functional in the global market for butyric acid derivatives are Perstorp Holding AB, Nutreco N.V., Bioscreen Technologies S.R.L, Kemin Industries Inc., Innovad, Palital GmbH & Co. KG, Anmol Chemicals, Jainex Specialty Chemicals, Hangzhou King Technia Technology Co. Ltd., and Sanluc International NV.

ABOUT US:
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.