Global Butyric Acid Market Size, Trends, and Growth Opportunity, By Type (Synthetic, Renewable), By Application (Pharmaceutical, Biofuel, Food Additive & Flavouring, Animal Feed, Cosmetic, Plasticizer, Leather Tanning), By Region and Forecast to 2030.
Global Butyric Acid Market 
The Global Butyric Acid Market was valued at USD 310 million in 2022 and is expected to expand to USD 610 million by 2030, at a CAGR of 5.70% during the forecast period 2023-2030.
Butyric acid is also known as butanoic acid, a fatty acid occurring in the form of esters in plant oils and animal fats. As a glyceride, it makes up 3%-4% of butter; the disagreeable odour of rancid butter is that of hydrolysis of the butyric acid glyceride. It is also used to supply butter-like notes in food flavours, and its esters are widely used as additives to increase fruit fragrance in the food and beverage industry.
Market Drivers
The increase in the demand for packaged food due to dynamic trends among consumers is a driving factor for market growth. The rising number of consumers of meat will grow the production of butyric acid in finished products that drive the global butyric acid market.
Furthermore, the growing rate of occurrence of animal diseases have led to the increased usage of butyric acid in animal feed in many regional markets which drives the market. 
Market Restraints
However, the unpleasant odour of butyric acid is one of the major hindering factors to the global butyric acid market growth. Also, the adverse health and environmental impacts of butyric acid restrain the market growth in the forecast period.
Market Segmentation
The global butyric acid market is segmented into type, application, and region.
Based on type, the global butyric acid market is segmented into synthetic, and renewable.
Based on application, the global butyric acid market is segmented into pharmaceutical, biofuel, food additive & flavouring, animal feed, cosmetic, plasticizer, and leather tanning.
Regional Analysis
The global butyric acid market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The Asia-Pacific region dominates the butyric acid market growth due to the rising consumption of processed food that demands butyric acid which majorly uses butyric acid. China has the highest consumption of processed food in the region. The Asia-Pacific region is projected to grow with the highest CAGR rate in the forecast period of 2022 to 2030 because of growing business expansion and awareness among customers.
Key Players
Various key players are discussed in the global butyric acid market report including; Eastman Chemical Company, Celanese Corporation, Thermo Fisher Scientific Inc., Snowco Industrial, Nutrients Scientific, Aldon Corporation, Yufeng International Co., Ltd, Zhonglan Industry Co., Ltd., Weifang Qiyi Chemical Co., Ltd., ELiE Health Solutions, Kemin Industries, Inc., and Others.
For instance, in June 2020, Eastman Chemical Company was awarded the Project of the Year award because of its recycling innovation. The award helped the company in growing its sales of the business by the production of new products in the market.
Market Taxonomy
By Type
•        Synthetic
•        Renewable
By Application
•        Pharmaceutical
•        Biofuel
•        Food Additive & Flavouring
•        Animal Feed
•        Cosmetic
•        Plasticizer
•        Leather Tanning
By Region
•        North America
•        Latin America
•        Europe
•        Asia Pacific
•        Middle East & Africa

Global Butyric Acid Market
1 Introduction
1.1 Objective of the Study
1.2 Market Definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Butyric Acid Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact Due To Recent Energy Crisis
4.2.5 Cumulative Impact Due Nearing Economic Downturn
4.2.6 Post Covid-19 World Supply and Demand Conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Butyric Acid Market, By Type
5.1 Y-o-Y Growth Comparison, By Type 
5.2 Global Butyric Acid Market Share Analysis, By Type 
5.3 Global Butyric Acid Market Size and Forecast, By Type
5.3.1 Synthetic
5.3.2 Renewable
6 Global Butyric Acid Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Butyric Acid Market Share Analysis, By Application
6.3 Global Butyric Acid Market Size and Forecast, By Application
6.3.1 Pharmaceutical
6.3.2 Biofuel
6.3.3 Food Additive & Flavouring
6.3.4 Animal Feed
6.3.5 Cosmetic
6.3.6 Plasticizer
6.3.7 Leather Tanning
7 Global Butyric Acid Market, By Region
7.1 Global Butyric Acid Market Share Analysis, By Region
7.2 Global Butyric Acid Market Share Analysis, By Region
7.3 Global Butyric Acid Market Size and Forecast, By Region
8 North America Butyric Acid Market Analysis and Forecast (2023-2030)
8.1 Introduction
8.2 North America Butyric Acid Market Share Analysis, By Type
8.3 North America Butyric Acid Market Size and Forecast, By Application
8.4 North America Butyric Acid Market Size and Forecast, By Country
8.4.1 U. S
8.4.2 Canada
8.4.3 Mexico
9 Europe Butyric Acid Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 Europe Butyric Acid Market Share Analysis, By Type 
9.3 Europe Butyric Acid Market Size and Forecast, By Application 
9.4 Europe Butyric Acid Market Size and Forecast, By Country
9.4.1 Germany
9.4.2 France
9.4.3 UK
9.4.4 Rest of Europe
10 Asia Pacific Butyric Acid Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Asia Pacific Butyric Acid Market Share Analysis, By Type 
10.3 Asia Pacific Butyric Acid Market Size and Forecast, By Application 
10.4 Asia Pacific Butyric Acid Market Size and Forecast, By Country
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 Rest of Asia Pacific
11 Latin America Butyric Acid Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Latin America Butyric Acid Market Share Analysis, By Type 
11.3 Latin America Butyric Acid Market Size and Forecast, By Application 
11.4 Latin America Butyric Acid Market Size and Forecast, By Country
11.4.1 Brazil
11.4.2 Rest of Latin America
12 Middle East Butyric Acid Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Middle East Butyric Acid Market Share Analysis, By Type 
12.3 Middle East Butyric Acid Market Size and Forecast, By Application 
12.4 Middle East Butyric Acid Market Size and Forecast, By Country
12.4.1 Saudi Arabia
12.4.2 UAE
12.4.3 Egypt
12.4.4 Kuwait
12.4.5 South Africa
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market Share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
14.1 Eastman Chemical Company
14.1.1 Overview
14.1.2 Offerings
14.1.3 Key Financials
14.1.4 Business Segment & Geographic Overview
14.1.5 Key Market Developments
14.1.6 Key Strategies
14.2 Celanese Corporation
14.2.1 Overview
14.2.2 Offerings
14.2.3 Key Financials
14.2.4 Business Segment & Geographic Overview
14.2.5 Key Market Developments
14.2.6 Key Strategies
14.3 Thermo Fisher Scientific Inc.
14.3.1 Overview
14.3.2 Offerings
14.3.3 Key Financials
14.3.4 Business Segment & Geographic Overview
14.3.5 Key Market Developments
14.3.6 Key Strategies
14.4 Snowco Industrial
14.4.1 Overview
14.4.2 Offerings
14.4.3 Key Financials
14.4.4 Business Segment & Geographic Overview
14.4.5 Key Market Developments
14.4.6 Key Strategies
14.5 Nutrients Scientific
14.5.1 Overview
14.5.2 Offerings
14.5.3 Key Financials
14.5.4 Business Segment & Geographic Overview
14.5.5 Key Market Developments
14.5.6 Key Strategies
14.6 Aldon Corporation
14.6.1 Overview
14.6.2 Offerings
14.6.3 Key Financials
14.6.4 Business Segment & Geographic Overview
14.6.5 Key Market Developments
14.6.6 Key Strategies
14.7 Yufeng International Co.
14.7.1 Overview
14.7.2 Offerings
14.7.3 Key Financials
14.7.4 Business Segment & Geographic Overview
14.7.5 Key Market Developments
14.7.6 Key Strategies
14.8 Zhonglan Industry Co., Ltd.
14.8.1 Overview
14.8.2 Offerings
14.8.3 Key Financials
14.8.4 Business Segment & Geographic Overview
14.8.5 Key Market Developments
14.8.6 Key Strategies
14.9 Weifang Qiyi Chemical Co., Ltd.
14.9.1 Overview
14.9.2 Offerings
14.9.3 Key Financials
14.9.4 Business Segment & Geographic Overview
14.9.5 Key Market Developments
14.9.6 Key Strategies
14.10 ELiE Health Solutions
14.10.1 Overview
14.10.2 Offerings
14.10.3 Key Financials
14.10.4 Business Segment & Geographic Overview
14.10.5 Key Market Developments
14.10.6 Key Strategies