Market Size of Butyric Acid Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Butyric Acid Market Analysis
The global Butyric Acid Market is projected to register a CAGR of over 5% during the forecast period.
The market was negatively impacted due to COVID-19 in 2020 owing to the pandemic scenario; several countries went into lockdown, which led to supply chain disruptions, work stoppages, and labor shortages. However, the upsurge in the application of butyric acid in the food and flavor industry propelled the industry's growth.
- Over the medium term, the rising number of food processing industries and the increasing usage of butyric acid as an intermediate drive market growth.
- Conversely, fluctuating raw materials and associated health hazards are expected to hinder market growth.
- Increasing butyric acid adoption in biofuels will likely offer new growth opportunities to the overall industry in the coming years.
- Asia-Pacific region accounted for the largest share and is expected to register the highest CAGR during the forecast period.
