Isobutyric Acid Market worth $269 million by 2028 | Key players Eastman Chemical Company, Tokyo Chemical Industry Co., Ltd., Snowco, Lygos, Inc., Dow Inc.

According to recent market research the "Isobutyric Acid Market by Type (Synthetic, Renewable), End-Use (Animal Feed, Chemical Intermediates, Food & Flavors, Pharmaceuticals), and Region (Asia Pacific, Europe, North America, Rest of the World) - Global Forecast to 2028", is projected to grow from USD 180 million in 2023 to USD 269 million by 2028, at a CAGR of 8.3% from 2023 to 2028. The growing demand for usage of isobutyric acid as a feed additive, flavoring agent, chemical intermediate, or raw material in the synthesis of pharma products has increased the consumption of isobutyric acid. Isobutyric acid esters are utilized as solvents in a variety of applications where flavor and aroma quality are crucial.

Browse 197 market data Tables and 47 Figures spread through 184 Pages and in-depth TOC on "Isobutyric Acid Market - Global Forecast to 2028"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/isobutyric-acid-market-262525625.html

The synthetic isobutyric acid segment, by type, accounted for the larger market share in 2022. Synthetic isobutyric acid is manufactured through chemical synthesis of isobutyraldehyde, a byproduct of the hydroformylation of propylene. Synthetic production methods result in cost-effective production of isobutyric acid as compared to its derivation from renewable sources. Thus, the cost-effective factor of synthetic isobutyric acid will propel demand.

The animal feed segment, by end-use, accounted for the largest share of isobutyric acid market owing to its contribution in feed efficiency and growth performance. The factors which influence the use of isobutyric acid in animal feed include diet composition, specific animal species, and regional regulations. There is a strong focus on R&D to highlight the potential benefits of isobutyric acid in animal feed, which further strengthens the growth of this segment.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=262525625

The growing processed food and pharmaceutical sectors in European countries are expected to propel the demand for isobutyric acid. The feed industry in Europe is one of the largest across the globe, which increases the growth opportunities for isobutyric acid market. Germany is one of the largest markets for isobutyric acid in Europe. The growing food industry and the presence of strong pharmaceutical sector in the country contributes to the growth of isobutyric acid market, which further fuels the European market.

The major players operating in the isobutyric acid market include OQ Chemicals GmbH (Germany), Eastman Chemical Company (US), Tokyo Chemical Industry Co., Ltd. (Japan), Snowco (China), Shanghai Aladdin Biochemical Technology Co., Ltd. (China), Afyren (France), Lygos, Inc. (US), Dow Inc. (US), Jiangsu Dynamic Chemical Co., Ltd. (China), Weifang Qiyi Chemical Co., Ltd. (China), Yufeng International Group Co., Ltd. (China), Nanjing Chemical Material Corp. (China), FUJIFILM Wako Pure Chemical Corporation (Japan), Hubei Jusheng Technology Co., Ltd. (China), and others.

For more Details Speak to Our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=262525625

Tokyo Chemical Industry Co., Ltd. is a leading manufacturer of specialty chemicals. TCI offers a wide range of over 30,000 products, including analytical reagents, biochemicals, organic and inorganic chemicals, and pharmaceutical ingredients. The company has manufacturing facilities in Japan and the US. TCI caters to different industries including research institutions, pharmaceuticals, electronics, biotechnology, and academia. They are known for providing high-quality chemicals and reagents to meet the needs of scientists, researchers, and professionals in the field. The company has established its geographical reach in Europe, Asia Pacific, and North America. It also has a distribution center in India.

Snowco is a Chinese-based provider of natural flavouring ingredients for the food & beverage, cosmetic, and personal care industries. The company has manufacturing facilities in China. It is also present in Hangzhou, Hong Kong, and London. It has a strong focus on natural flavouring ingredients for personal care, food & beverages, and cosmetic industries. The company has a presence in China, which is a major market in the Asia Pacific isobutyric acid market. It offers isobutyric acid products applicable for the flavor & fragrance industry.

Shanghai Aladdin Biochemical Technology Co., Ltd. is a chemical company based in Shanghai, China. The company operates a 64,000 square metre R&D and production facility, in Shanghai. Additionally, it operates cutting-edge logistics warehouses in East China, North China, South China, and Southwest China. The company has established nearly 10,000 different high-purity reagent analysis method systems, including chromatography, pesticide residue, gas chromatography, and cell biology, among others.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Press Release: https://www.marketsandmarkets.com/PressReleases/isobutyric-acid.asp
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/isobutyric-acid-market.asp

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

This release was published on openPR.