Natural Butyric Acid Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Application (Di-etary Sup-plement, Animal Feed, Flavor and Fragrance, Chemical Intermediate, Pharmaceutical, and Others)

The scope of our recent study on ""Natural Butyric Acid Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Application (Di-etary Sup-plement, Animal Feed, Flavor and Fragrance, Chemical Intermediate, Pharmaceutical, and Others)"" includes the factors fueling the market growth, revenue estimation and forecast, and market share analysis. The study also encompasses the identification of significant market players and their key developments.

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The natural butyric acid market is expected to grow from US$ 224.88 million in 2022 to US$ 326.5 million by 2028; it is estimated to record a CAGR of 6.4% from 2022 to 2028.

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Butyric acid is a colorless carboxylic acid formed by the bacterial fermentation of carbohydrates and di-etary fibers. It can be produced from various types of renewable biomass, including corn husk, brown algae, wheat straw, sugarcane bagasse, and sorghum stalk. Natural butyric acid is extensively used as a solvent, diluent, drug, perfume, fiber, additive, and raw material in the chemicals, pharmaceuticals, food & beverages, and textile industries.

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The natural butyric acid market is segmented into five main regions-North America, Europe, Asia-Pacific (APAC), the Middle East & Africa (MEA), and South & Central America. In 2021, Asia Pacific dominated the overall natural butyric acid market. Further, North America is expected to register the highest CAGR during the forecast period. The natural butyric acid market growth in Asia Pacific is attributed to the proliferation of end-use industries such as pharmaceuticals and flavor & fragrance.

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Increasing Demand in Flavor and Fragrance Industry Boosts Natural Butyric Acid Market

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Natural butyric acid has gained significant attention because of consumer demand for food, pharmaceuticals, animal feed supplements, and cosmetics with green and natural ingredients. Most notably, in Asia Pacific, Europe, and North America, natural butyric acid is used as an innovative flavoring due to its health benefits, primarily preferred over its other substitutes. Consumption of products containing chemicals or synthetic ingredients has led to a rise in the incidences of lifestyle diseases over the years. Amid growing health concerns among consumers and increasing focus on healthy living, the demand for natural products is growing at a significant pace. Natural butyric acid is widely used in fragrances due to its pungent smell. Butyric acids are also used to produce esters such as butyl butyrate and ethyl butyrate, which are used as solvents and fragrances in perfumes. An elevation in the standard of living, and a transformed lifestyle of Gen Z and millennials have been triggering the use of luxury products, including perfumes, which eventually bolsters the natural butyric acid market.

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Natural Butyric Acid Market Size: Segment Overview

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Based on application, the global natural butyric acid market is segmented into di-etary sup-plement, animal feed, flavor and fragrance, chemical intermediate, pharmaceutical, and others. In 2021, the pharmaceutical segment accounted for the largest revenue share. The flavor and fragrance segment is expected to register the highest CAGR during the forecast period. The food & beverages and pharmaceuticals are the major industries in countries such as India, Australia, China, Germany, and France. The food & beverages industry generates a huge demand for natural butyric acid. The natural butyric acid market growth is also driven by increasing demand for this substance from the animal feed industry. The use of animal feed is increasing with a continuous surge in the dairy and chicken meat business.

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Impact of COVID-19 Pandemic on Natural Butyric Acid Market

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The COVID-19 pandemic adversely affected the natural butyric acid market in 2020 due to the shutdown of manufacturing facilities, and restrictions imposed on transportation and logistics. Disruptions in supply chains hampered the supply of natural butyric acid. To comply with national and regional guidelines, manufacturers from different sectors extensively modified their processes to protect their employees from the SARS-CoV-2 infection. Many of them temporarily paused their operations or allowed production processes with limited employee strength. Despite these conditions, businesses started recovering in 2021 as the governments of various countries brought relaxation in social restrictions. Moreover, successful vaccination drives have eased the current scenario, along with encouraging the revival of business activities across the world. The recovery of various end-use industries is driving the natural butyric acid market during the post-pandemic recovery period.

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Natural Butyric Acid Market: Competitive Landscape and Key Developments

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Merck KGaA, Vigon International LLC, Kunshan Odowell Co Ltd, Aurochemicals LLC, Biosynth AG, Elan Chemical Co, Ernesto Ventos SA, Phoenix Aromas & Essential Oils LLC, Berje Inc, and Eastman Chemical Co are among the key players operating in the natural butyric acid market. Leading market players implement new product launches, and mergers and acquisitions as key business strategies to expand their geographic presence and consumer base worldwide. For instance, in February 2021, Biosynth AG increased its warehousing capabilities as part of its expansion initiatives. The company built a new warehouse in Slovakia to address the rising demand for specialty chemicals.

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