Butyric Acid Market worth $492 million by 2027 | Key players Perstorp Holding AB (Sweden), OQ Chemicals GmbH (Germany), Eastman Chemical Company (US), Palital Feed Additives B.V. (The Netherlands).

According to recent market research the "Butyric Acid Market by Type (Synthetic, Renewable), End-use (Animal Feed, Chemical Intermediates, Pharmaceuticals, Food & Flavors, Human Dietary Supplements), and Region (Asia Pacific, North America, Europe, Rest of the World) - Global Forecast to 2027", is projected to grow from USD 317 million in 2022 to USD 492 million by 2027, at a CAGR of 9.2% from 2022 to 2027. Increasing demand from animal feed segment is one of the key drivers for growth in the butyric acid market. Factors such as growing demand for renewable butyric acid in the food & flavour and pharmaceutical sector will provide opportunity for the market.

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Butyric acid is generally manufactured chemically at the industrial level, due to lower manufacturing cost and the accessibility of the raw materials. This is expected to drive the growth of synthetic butyric acid segment.

The main ways in which butyric acid benefit livestocks intestinal health, welfare, and growth performance include lowering pathogenic microorganisms and preserving the gastrointestinal tracts (GIT) pH. Hence, such factors will increase the demand for butyric acid in animal feed.

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The Asia Pacific butyric acid market has the largest market share in 2021 in terms of value. The markets growth can be attributed to the growth in population, rise in disposable incomes, rapid urbanization in the Asia Pacific region, and an increase in demand for high-quality meat products.

Some of the key players in this market are Perstorp Holding AB (Sweden), OQ Chemicals GmbH (Germany), Eastman Chemical Company (US), Palital Feed Additives B.V. (The Netherlands), Tokyo Chemical Industry Co., Ltd. (Japan), Snowco (China), Merck KGaA (Germany), Kemin Industries, Inc. (US), Hefei TNJ Chemical Industry Co., Ltd. (China), Kunshan Odowell Co., Ltd. (China), Yufeng International Group Co., Ltd. (China), Central Drug House (India), Spectrum Chemical (US). These companies have adopted product launches, acquisitions, partnerships, expansions, and merger & acquisition as growth strategies to enhance their position in the butyric acid market.

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Perstorp Holding AG is one of the key players in the butyric acid market. The company is one of the leading specialty chemical firms with a focus on resins & coatings, engineered fluids, and animal nutrition markets. It has manufacturing facilities in seven countries throughout Asia, Europe, and North America. In April 2022, Perstorp launched Gastrivix Avi, which contains the combined benefits of valeric and butyric acid. It is a novel poultry feed ingredient from that promotes gut health.

Another major player is OQ Chemicals GmbH. The company is a manufacturer of oxo performance chemicals and oxo intermediates, such as carboxylic acids, specialty esters, polyols, alcohols, and amines. It has manufacturing facilities in the Americas, Europe, and Asia Pacific. In October 2020, with the successful completion of a recent expansion project at its Oberhausen, Germany location, OQ Chemicals increased its isononanoic acid production capacity globally by 30%. The completed project is part of the earlier announced carboxylic acid expansions in the short and mid-term.

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