ALBANY, New York, April 5, 2017 /PRNewswire/ --
Transparency Market Research has published a new report titled "Butyric Acid Derivatives Market for Animal Feed Application - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016-2024." According to the report, the global butyric acid derivatives market for animal feed application was valued at US$ 227.5 Mn in 2015 and is projected to reach US$ 542.8 Mn by 2024, expanding at a CAGR of 10.3% between 2016 and 2024.
Butyric acid derivatives are salts and esters of butyric acid also known as botanoic acid. Salts of butyric acid are predominant segment of butyric acid derivatives market. Salts of butyric acid include sodium butyrate, calcium butyrate, potassium butyrate, magnesium butyrate etc. Of these salts, sodium butyrate and calcium butyrate have substantially high demand. Butyric acid is a corrosive and very foul smelling carboxylic acid, hence it is usually converted into salts and esters for handling and application. Butyric acid derivatives are profoundly used in animal feed application, butyrate are known to improve gastrointestinal health and prevent microbial infections and ailments in poultry, pigs, fishes, and ruminants.
The improving economic conditions and standard of living in all regions are likely to propel the meat demand and production significantly. Owing to the robust growth in poultry meat and pork production, especially in Asia Pacific, Europe, and North America, the butyric acid derivatives market for animal feed application is expected to demonstrate significant growth opportunities. Furthermore, Europe is imposing bans on antibiotics use for animals to reduce the threats posed by its misuse. Furthermore, increasing substitution of these antibiotics by butyric acid and other organic acids is another prime drivers for the butyric acid derivative market.
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In terms of value and volume, the swine segment held the largest share of the butyric acid derivatives market for animal feed application globally. However, substantial variations can be seen in performance of this segment according to the region. Poultry segment held the largest share in North America, Latin America, and Middle East & Africa. Butyric acid derivatives play a vital role in improving the animal gut health and weight thus is largely used to increase the produce. Sodium butyrate was the leading segment across all the regions, the high effectiveness, better performance, low prices, and better solubility of sodium butyrate over calcium butyrate and other derivatives are key factors responsible for significant consumption of sodium butyrate.
In terms of volume, Asia Pacific accounted for significant share of the butyric acid derivative market for animal feed application in 2015 and is anticipated to lead the market during the forecast period. Significant growth in meat production, especially pork production, in Asia Pacific and Europe is estimated to drive the butyric acid derivatives market for animal feed application in the near future. Demand for butyric acid derivatives for animal feed application is projected to be stable in Europe during the forecast period. However, the demand expected to grow substantially in Asia Pacific and Latin America due to robust growth of pork and poultry production in these regions. Countries such as U.S., China, Germany, ASEAN, and Brazil are projected to provide significant growth opportunities for the butyric acid derivatives market for animal feed application during the forecast period.
Major companies operating in the Butyric Acid Derivatives Market for Animal Feed Application include Perstorp Holdings AB, Nutreco N.V., Kemin Industries Inc., Innovad, and Palital GmbH & Co. KG
The report provides comprehensive view of the butyric acid derivatives market for animal feed in terms of volume and revenue. It includes current demand analysis and forecast for product and animal feed segments in North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Furthermore, the report offers detailed country-wise analysis of the butyric acid derivatives market for animal feed in the regions mentioned above.
The butyric acid derivatives market has been divided into the following segments.
Butyric Acid Derivatives Market for Animal Feed Application - Product Analysis
- Sodium Butyrate
- Calcium Butyrate
Butyric Acid Derivatives Market for Animal Feed Application - Animal Feed Analysis
- Others (Ruminants, Aquaculture, Pets etc.)
Butyric Acid Derivatives Market for Animal Feed Application - Regional Analysis
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America
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