Butyric Acid Derivatives Market Size, Share, Development by 2024
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Butyric acid derivatives are salts and esters of butyric acid also known as botanoic acid. Salts of butyric acid are predominant segment of butyric acid derivatives market. Salts of butyric acid include sodium butyrate, calcium butyrate, potassium butyrate, magnesium butyrate etc. Of these salts, sodium butyrate and calcium butyrate have substantially high demand. Butyric acid is a corrosive and very foul smelling carboxylic acid, hence it is usually converted into salts and esters for handling and application. Butyric acid derivatives are profoundly used in animal feed application, butyrate are known to improve gastrointestinal health and prevent microbial infections and ailments in poultry, pigs, fishes, and ruminants.
Scope of the Report:
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.
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.
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.
The worldwide market for Butyric Acid Derivatives is expected to grow at a CAGR of roughly 5.3% over the next five years, will reach 660 million US$ in 2024, from 510 million US$ in 2019, according to a new GIR (Global Info Research) study.
This report focuses on the Butyric Acid Derivatives in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
Market Segment by Manufacturers, this report covers
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Market Segment by Applications, can be divided into
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North America Butyric Acid Derivatives Market Growth 2019-2024
United States Butyric Acid Derivatives Market Growth 2019-2024
Asia-Pacific Butyric Acid Derivatives Market Growth 2019-2024
Europe Butyric Acid Derivatives Market Growth 2019-2024
EMEA Butyric Acid Derivatives Market Growth 2019-2024
Global Butyric Acid Derivatives Market Growth 2019-2024
China Butyric Acid Derivatives Market Growth 2019-2024
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