The global market for butyric acid derivatives
demonstrates a competitive landscape, states a report by transparency
Market Research (TMR). The leading companies, such as Perstorp
Holding, Nutreco, and Bioscreen Technologies, are engaging in
strategic mergers and acquisitions to increase their regional market
share, which is likely to intensify the rivalry between them in the
near future, states the report.
As per the report, the global butyric acid
derivatives was worth US$227.5 mn in 2015. Progressing at a CAGR of
10.30% during the period from 2016 to 2024, the opportunity in this
market is estimated to reach US$542.8 mn by the end of the forecast
period. Swine feed has been reposting a higher usage of these
derivatives and is anticipated to remain doing so over the next few
years, notes the study.
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Dominance of Asia Pacific to Continue
The report also studies the worldwide market for
butyric acid derivatives on the basis of its regional presence.
According to the report, the global market was dominated by Asia
Pacific in 2015 with a share of more than 35% and is anticipated to
remain in the top over the next few years, thanks to the high
production of meat in this region. In addition to this, the surge in
the production of pork and poultry meat in China and India and the
rising yield of aquaculture produces in ASEAN countries and Japan are
projected to support this regional market substantially during the
forecast period.
Europe closely followed Asia Pacific in 2015 and
is likely to remain doing so over the forthcoming years. The ban on
the usage of antibiotics in a number of European countries, in a bid
to enhance the quality of meat produced from farm animals, has
created lucrative opportunities for butyric acid derivatives to be
utilized as an alternative to antibiotic growth promoters, which is
anticipated to propel the Europe market for butyric acid derivatives
in the years to come.
Among others, North America is projected to report
a significant rise in its market share over the period of the
forecast. With the growing production of chicken and turkey meat, the
demand for butyric acid derivatives is increasing significantly in
the poultry segment in this region, which is likely to influence the
overall North America market for butyric acid derivatives in the
years to come. The augmenting demand for white meat in this region is
also expected to support this regional market in the near future,
notes the study.
Increasing Consumption of Meat to Boost Demand
Thanks to the rising consumption of meat and
poultry products across the world, the demand for butyric acid
derivatives has increased substantially. “The rising concerns of
consumers over the ill effects of the antibiotics used on animals has
been reflecting positively on the uptake of butyric acid
derivatives,” states the author of the study.
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In addition, the growing shift in the preference
of consumers from beef and ruminant meat to chicken and pork is
likely to propel this market remarkably over the next few years.
However, the increasing usage of propionic acid, propionates, and
formic acid as a substitute of butyric acid derivatives may restrict
this market from growing steadily during the forecast period, states
the research report.
The study presented here is based on a report by
Transparency Market Research (TMR), titled “Butyric Acid
Derivatives Market (Product - Sodium Butyrate and Calcium Butyrate;
Animal Feed - Poultry, Swine, Ruminants, Aquaculture, and Pets) -
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
2016 - 2024.”
The global butyric acid derivatives market has
been divided into the following segments:
By Product
- Sodium Butyrate
- Calcium Butyrate
- Others
By Animal Feed
- Poultry
- Swine
- Others (Ruminants, Aquaculture, Pets etc.)
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