Butyric Acid Derivatives Market for Animal Feed Application is Estimated to Reach US$ 542.8 mn by 2024

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.

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.

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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 

Butyric Acid Derivatives Market for Animal Feed Application - Animal Feed Analysis 

Butyric Acid Derivatives Market for Animal Feed Application - Regional Analysis 

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