North America Butyric Acid Market
The US, Canada, and Mexico are the key economies in North America. Butyric acid is known for its beneficial effects on gut health and development. For decades, it has been used in animal feed to ensure animals’ improved gut health and performance. The use of butyric acid in animal nutrition also helps in improving nutrient absorption.
Nowadays, different butyric acid-based products are available in the market. In the form of alpha-monobutyrin and tributyrin, glycerides of butyric acid improve weaned piglet performances. Further, butyric acid has become a first-choice antibiotic alternative for broiler, layer, turkey, and swine producers with the animal feed industry’s shift to reduce antibiotic usage.
In recent years, the livestock industry in various countries has expanded rapidly with the shift in diet preferences among consumers toward animal proteins. Population growth, income surge, elevating living standards, and urbanization have been the key factors propelling the demand for meat worldwide. Pork and poultry dominate meat consumption. Poultry is perceived as a cost-effective protein source. The increasing demand for meat products highlights the need for animal feed and feed additives. The rise in domestic need for meat stimulates the rapid development of the feed industry in the country. The growing demand for animal feed products in different regions is boosting the demand for butyric acid, thereby bolstering the market.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America butyric acid market at a healthy CAGR during the forecast period.
The North America butyric acid market is analyzed on three fronts: Source, application, and country. Based on source, the market has been segmented into renewable butyric acid and synthetic butyric acid. The renewable butyric acid segment held the largest market share in 2020.
Based on application, the market is segmented into printing inks, animal feed, food flavors and fragrances, chemical intermediates, pharmaceuticals, and others. The animal feed segment held the largest market share in 2020.
Based on country, the North America butyric acid market is segmented into the US, Canada, and Mexico. The US held the largest market share in 2020.
Alfa Aesar; Eastman Chemical Company; Hefei TNJ Chemical Industry Co., Ltd.; Kunshan Odwell Co., Ltd.; MERCK KGaA; OQ Chemicals GmbH; Perstorp Holding AB; Tokyo Chemical Industry Co., Ltd.; Vigon International, LLC.; and Yufeng International Co., Ltd. are the leading companies in the market.
Strategic insights for the North America Butyric Acid provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 40.62 Million |
| Market Size by 2028 | US$ 108.37 Million |
| Global CAGR (2021 - 2028) | 15.0% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Source
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The geographic scope of the North America Butyric Acid refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The North America Butyric Acid Market is valued at US$ 40.62 Million in 2021, it is projected to reach US$ 108.37 Million by 2028.
As per our report North America Butyric Acid Market, the market size is valued at US$ 40.62 Million in 2021, projecting it to reach US$ 108.37 Million by 2028. This translates to a CAGR of approximately 15.0% during the forecast period.
The North America Butyric Acid Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the North America Butyric Acid Market report:
The North America Butyric Acid Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The North America Butyric Acid Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the North America Butyric Acid Market value chain can benefit from the information contained in a comprehensive market report.
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