천연 부티르산 시장 예측(-2030년) : 제품 유형별, 용도별, 지역별 세계 분석

According to Stratistics MRC, the Global Natural Butyric Acid Market is accounted for $243.7 million in 2023 and is expected to reach $428.7 million by 2030 growing at a CAGR of 8.4% during the forecast period. Natural butyric acid, also known as butanoic acid, is a short-chain fatty acid found in various natural sources, such as dairy products, animal fats, and some fruits. It possesses a pungent odor reminiscent of rancid butter, hence its name, derived from "butter." Chemically, it consists of four carbon atoms with a carboxylic acid functional group. It's also utilized in the food industry as a flavoring agent and preservative.

According to the research paper PepsiCo, Tyson Foods, and Nestle are the top three companies operating in U.S. food & beverage market.

Market Dynamics:

Driver:

Rising demand for functional foods

Consumers are increasingly seeking out functional foods that promote digestive health and overall wellness, driving the demand for products containing natural butyric acid. Functional foods are those that offer additional health benefits beyond basic nutrition, such as improving digestion, boosting immunity, or supporting overall well-being. In addition, the popularity of functional foods is driven by growing awareness of the link between diet and health and the need for proactive approaches to wellness.

Restraint:

High production costs

The production of natural butyric acid involves complex processes and substantial investments in research and development, which contribute to high capital expenditures. The cost of raw materials such as sugars or agricultural residues used as fermentation feedstocks can fluctuate, further impacting production costs. Hence, high production costs can deter market entry for new players, limit production capacity, and result in elevated product prices, reducing competitiveness and market accessibility.

Opportunity:

Technological advancements

Innovations in biotechnology and fermentation processes have revolutionized the manufacturing of butyric acid, leading to increased efficiency, scalability, and sustainability. Recent advancements in biotechnological approaches have enabled the production of butyric acid in a more sustainable and cost-effective manner. Furthermore, continuous research and development efforts are leading to the optimization of fermentation conditions, further enhancing the efficiency and affordability of natural butyric acid production.

Threat:

Lack of awareness

Businesses in various industries may be unaware of the potential applications and benefits of natural butyric acid, leading to underutilization or missed opportunities for incorporating it into product formulations. Lack of awareness among manufacturers, retailers, and foodservice providers can limit the availability of natural butyric acid-containing products. Moreover, without adequate knowledge, consumers may overlook products containing natural butyric acid, opting for more familiar options or synthetic alternatives that hinder market penetration.

Covid-19 Impact

The COVID-19 pandemic has had several negative impacts on the natural butyric acid market. Disruptions in the global supply chain have led to challenges in sourcing raw materials and ingredients necessary for the production of butyric acid, causing supply shortages and price volatility. Furthermore, the economic downturn resulting from the pandemic has led to reduced consumer spending, particularly in discretionary categories. This decline in demand has adversely affected the sales and profitability of this market.

The fermented foods segment is expected to be the largest during the forecast period

The fermented foods segment is estimated to hold the largest share, due to a key component in the fermentation process of various foods, contributing to both flavor and preservation. Fermented foods such as cheese, yogurt, sauerkraut, and kimchi naturally contain butyric acid as a byproduct of microbial fermentation. Moreover, consumers are increasingly drawn to fermented foods due to their perceived health benefits, significantly driving this segment's growth.

The chemical intermediate segment is expected to have the highest CAGR during the forecast period

The chemical intermediate segment is anticipated to have highest CAGR during the forecast period due to being a crucial building block for the synthesis of various compounds across industries. It is commonly used in the formulation of artificial flavorings for snacks, beverages, and confectionery items. Additionally, its role as a chemical intermediate underscores its significance in the manufacturing processes of numerous goods, thereby boosting this segment.

Region with largest share:

Asia Pacific commanded the largest market share during the extrapolated period owing to an increased demand for natural and healthier food products. This region is home to a thriving food and beverage industry, with countries like China, India, and Japan leading the way. Furthermore, the increasing awareness of the health benefits associated with butyric acid, such as its role in gut health and immunity, is driving its adoption in dietary supplements and functional foods across the region.

Region with highest CAGR:

Europe is expected to witness highest CAGR over the projection period, owing to the region's strong emphasis on health and wellness, coupled with increasing consumer awareness of the benefits of natural ingredients. Europe's growing pharmaceutical and cosmetic industries also contribute to the demand for natural butyric acid, as it finds applications in drug formulations and fragrance compositions. Therefore, manufacturers are increasingly incorporating these compounds for natural formulations, which gradually boosts this region's expansion.

Key players in the market

Some of the key players in the Natural Butyric Acid Market include Phoenix Aromas & Essential Oils LLC, Aurochemicals LLC, Berje Inc, Biosynth AG, Eastman Chemical Co, Elan Chemical Co, Ernesto Ventos SA, Kunshan Odowell Co Ltd, Merck KGaA and Vigon International LLC.

Key Developments:

In December 2023, Biosynth launched the New Bio-X(TM) Range, which caters to life science researchers seeking premium, ready-to-use bioactive products for assay development, screening, and other cell biology, pharmacology, and other R&D processes.

In September 2023, Biosynth, a supplier of critical materials to the life science industry, is pleased to announce the acquisition of Pepceuticals, a UK producer of synthetic peptides with multi-kilogram GMP facilities and fill-finish capabilities designed to support customers from clinical trials to commercial supply.

In April 2022, Phoenix Flavors and Fragrances announced the acquisition of Innovative Fragrances Inc., an Atlanta-based developer and compounder of fragrance compounds serving a diverse set of end markets including home fragrance, personal care, candles and other air fresheners.

Products Covered:

• Butter
• Milk
• Fermented Foods
• Other Products

Applications Covered:

• Pharmaceutical
• Food and Beverage
• Animal Feed
• Flavor and Fragrance
• Chemical Intermediate
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

• 2.1 Abstract
• 2.2 Stake Holders
• 2.3 Research Scope
• 2.4 Research Methodology
  • 2.4.1 Data Mining
  • 2.4.2 Data Analysis
  • 2.4.3 Data Validation
  • 2.4.4 Research Approach
• 2.5 Research Sources
  • 2.5.1 Primary Research Sources
  • 2.5.2 Secondary Research Sources
  • 2.5.3 Assumptions

3 Market Trend Analysis

• 3.1 Introduction
• 3.2 Drivers
• 3.3 Restraints
• 3.4 Opportunities
• 3.5 Threats
• 3.6 Product Analysis
• 3.7 Application Analysis
• 3.8 Emerging Markets
• 3.9 Impact of Covid-19

4 Porters Five Force Analysis

• 4.1 Bargaining power of suppliers
• 4.2 Bargaining power of buyers
• 4.3 Threat of substitutes
• 4.4 Threat of new entrants
• 4.5 Competitive rivalry

5 Global Natural Butyric Acid Market, By Product

• 5.1 Introduction
• 5.2 Butter
• 5.3 Milk
• 5.4 Fermented Foods
• 5.5 Other Products

6 Global Natural Butyric Acid Market, By Application

• 6.1 Introduction
• 6.2 Pharmaceutical
• 6.3 Food and Beverage
• 6.4 Animal Feed
• 6.5 Flavor and Fragrance
• 6.6 Chemical Intermediate
• 6.7 Other Applications

7 Global Natural Butyric Acid Market, By Geography

• 7.1 Introduction
• 7.2 North America
  • 7.2.1 US
  • 7.2.2 Canada
  • 7.2.3 Mexico
• 7.3 Europe
  • 7.3.1 Germany
  • 7.3.2 UK
  • 7.3.3 Italy
  • 7.3.4 France
  • 7.3.5 Spain
  • 7.3.6 Rest of Europe
• 7.4 Asia Pacific
  • 7.4.1 Japan
  • 7.4.2 China
  • 7.4.3 India
  • 7.4.4 Australia
  • 7.4.5 New Zealand
  • 7.4.6 South Korea
  • 7.4.7 Rest of Asia Pacific
• 7.5 South America
  • 7.5.1 Argentina
  • 7.5.2 Brazil
  • 7.5.3 Chile
  • 7.5.4 Rest of South America
• 7.6 Middle East & Africa
  • 7.6.1 Saudi Arabia
  • 7.6.2 UAE
  • 7.6.3 Qatar
  • 7.6.4 South Africa
  • 7.6.5 Rest of Middle East & Africa

8 Key Developments

• 8.1 Agreements, Partnerships, Collaborations and Joint Ventures
• 8.2 Acquisitions & Mergers
• 8.3 New Product Launch
• 8.4 Expansions
• 8.5 Other Key Strategies

9 Company Profiling

• 9.1 Phoenix Aromas & Essential Oils LLC
• 9.2 Aurochemicals LLC
• 9.3 Berje Inc
• 9.4 Biosynth AG
• 9.5 Eastman Chemical Co
• 9.6 Elan Chemical Co
• 9.7 Ernesto Ventos SA
• 9.8 Kunshan Odowell Co Ltd
• 9.9 Merck KGaA
• 9.10 Vigon International LLC