Butyric Acid Market Size, Share, Growth, Latest Trends, Global Forecast 2028 | COVID-19 Effects

 The butyric acid market was valued at US$ 183.48 million in 2021 and is projected to reach US$ 484.55 million by 2028; it is expected to grow at a CAGR of 14.9% from 2021 to 2028.

Butyric acid is a colorless liquid with a penetrating and unpleasant odor. The butyric acid market is a competitive one due to the presence of many domestic and global players. Market players adopt strategies such as research and development investments, and new product innovations to gain an edge over their competitors.

Based on application, the global butyric acid market is segmented into printing inks, animal feed, food flavors and food fragrances, chemical intermediates, pharmaceutical, and others. The animal feed segment held the largest share of the market in 2020. The butyric acid market for the animal feed segment is growing at a significant rate due to the rising demand for quality meat products across the world.

The global butyric acid market is segmented into five main regions—North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South & Central America. Asia Pacific held the largest market share in 2020.  In Asia Pacific, there is a growing number of livestock farms because of the increased demand for superior-quality meat products due to improving per capita income and growing health consciousness among people in several Asia Pacific countries. This is subsequently leading to the proliferation of the market.

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Impact of COVID-19 Pandemic on Butyric Acid Market

Many economies were adversely affected due to the COVID-19 pandemic. The butyric acid market in North America also experienced the tremors of the disturbed raw material supply chains and limited operational efficiencies. The disruptions in the raw material supply chain and reduced demand from the downstream sectors has adversely impacted the growth of the market. In Europe, animal feed production fell because the pandemic affected consumer demand for products of animal origin. In Europe, during the Q3 of 2021, the prices of butyric acid escalated due to the recovery of the various industrial activities.

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The report includes the segmentation of the global butyric acid market as follows:

Based on source, the global market is segmented into renewable butyric acid and synthetic butyric acid. Based on application, the market is segmented into printing inks, animal feed, food flavors and food fragrances, chemical intermediates, pharmaceutical, and others. By geography, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South & Central America. North America includes countries like the US, Canada, and Mexico. Europe includes Germany, France, the UK, Italy, Russia, and the Rest of Europe. Asia Pacific includes China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The Middle East & Africa (MEA) includes South Africa, Saudi Arabia, UAE, and the Rest of MEA. South & Central America includes Brazil, Argentina, and the Rest of South & Central America.

Butyric Acid Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Source (Renewable Butyric Acid and Synthetic Butyric Acid) and Application (Printing Inks, Animal Feed, Food Flavors and Food Fragrances, Chemical Intermediates, Pharmaceutical, and Others)

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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Phone: +1-646-491-9876

Butyric Acid Market Poised to Garner Maximum Revenues by 2027

 The butyric acid market was valued at US$ 183.48 million in 2021 and is projected to reach US$ 484.55 million by 2028; it is expected to grow at a CAGR of 14.9% from 2021 to 2028.

Market Overview:

Butyric acid is a colorless liquid with a penetrating and unpleasant odor. The butyric acid market is a competitive one due to the presence of many domestic and global players. Market players adopt strategies such as research and development investments, and new product innovations to gain an edge over their competitors.

Based on application, the global butyric acid market is segmented into printing inks, animal feed, food flavors and food fragrances, chemical intermediates, pharmaceutical, and others. The animal feed segment held the largest share of the market in 2020. The butyric acid market for the animal feed segment is growing at a significant rate due to the rising demand for quality meat products across the world.

The global butyric acid market is segmented into five main regions—North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South & Central America. Asia Pacific held the largest market share in 2020.  In Asia Pacific, there is a growing number of livestock farms because of the increased demand for superior-quality meat products due to improving per capita income and growing health consciousness among people in several Asia Pacific countries. This is subsequently leading to the proliferation of the market.

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Impact of COVID-19 Pandemic on Butyric Acid Market

Many economies were adversely affected due to the COVID-19 pandemic. The butyric acid market in North America also experienced the tremors of the disturbed raw material supply chains and limited operational efficiencies. The disruptions in the raw material supply chain and reduced demand from the downstream sectors has adversely impacted the growth of the market. In Europe, animal feed production fell because the pandemic affected consumer demand for products of animal origin. In Europe, during the Q3 of 2021, the prices of butyric acid escalated due to the recovery of the various industrial activities.

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The report includes the segmentation of the global butyric acid market as follows:

Based on source, the global market is segmented into renewable butyric acid and synthetic butyric acid. Based on application, the market is segmented into printing inks, animal feed, food flavors and food fragrances, chemical intermediates, pharmaceutical, and others. By geography, the market is broadly segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South & Central America. North America includes countries like the US, Canada, and Mexico. Europe includes Germany, France, the UK, Italy, Russia, and the Rest of Europe. Asia Pacific includes China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The Middle East & Africa (MEA) includes South Africa, Saudi Arabia, UAE, and the Rest of MEA. South & Central America includes Brazil, Argentina, and the Rest of South & Central America.

Butyric Acid Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Source (Renewable Butyric Acid and Synthetic Butyric Acid) and Application (Printing Inks, Animal Feed, Food Flavors and Food Fragrances, Chemical Intermediates, Pharmaceutical, and Others)

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi

E-mail: sales@theinsightpartners.com

Phone: +1-646-491-9876

Butyric Acid Market 2020-2027: Market Analysis and Forecast | COVID-19 Effects

 The bioreactors market was valued at US$ 2,958.50 million in 2019 and is projected to reach US$5,169.01 million by 2027; it is expected to grow at a CAGR of 7.3% from 2020 to 2027.

Market Overview:

The report highlights the trends prevalent in the global bioreactors market and the factors driving the market along with those that act as deterrents to its growth. The market is expected to grow due to due to increasing healthcare expenditures research and development as well as outsourcing services, however, the availability of alternative virus clearance methods is hindering the market.

Single-use bioreactors (S.U.B.) are developed from various manufacturers which is robust and provides high-performance that is necessary for commercial manufacturing of biopharmaceuticals. Many advantages offered in film technologies, bioreactor designs, stirring mechanisms, and sensor systems have contributed to the increasing adoption of disposable reactors from the lab to production scale. The single-use bioreactors are helpful in providing next-generation cell- and gene-therapies and continuous bioprocessing. The betterments and improvements in cell-culture processes have developed higher titers and cell densities, which have facilitated the adoption of single-use bioreactors through reductions in needed reactor volumes. The single-use technologies have gained the widespread acceptance with the support from regulators. While existing cGMP processes are using stainless steel infrastructure, many new products are directly into single-use production equipment. The increasing acceptance of the single use bioreactors are rising the production of the bioreactors and eventually increasing the market of the bioreactors.

Global bioreactors market, based on the application was segmented into microbial application and cell culture. In 2017, microbial segment held the largest share of the market, by application. Moreover, the microbial segment is expected to grow at the fastest rate during the coming years as microbial cultures are being used on a large scale for research purposes as well as industrial applications. Growth in the number of biotechnology companies and rise in research funding offered by government bodies are considered to be the factors driving the growth of the segment during the forecast period.

Some of the prominent players operating in bioreactors market are Thermo Fisher Scientific Inc., Applikon Biotechnology BV, Merck KGaA, Sartorius AG, Eppendorf, General Electric, Bioengineering AG, Solaris Biotechnology Srl, Danaher (Pall Corporation), and Praj Industries. The market players are focused towards expanding their manufacturing and services capabilities by opening new manufacturing plants and service portfolio. For instance, in July 2018, Merck expanded its operations in Gillingham, UK to expand distribution centre for Life Science products to support future business growth. Similarly, Bioengineering opened its new branch-office in South Korea in June, 2018. This has helped the company to have a strong presence in the Asian countries.

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The report segments the global bioreactors market as follows:

 

·         Global Bioreactors Market – By Product Class

• Benchtop (up to15L) Bioreactors
• Pilot Scale (15-1000L) Bioreactors
• Industrial Scale(>1000L) Bioreactors

·         Global Bioreactors Market – By Application

• Microbial Application
  • Multi-Use Bioreactors
    • Glass Bioreactors
    • Stainless Steel Bioreactors
  • Single-Use Bioreactors
• Cell Culture Application
  • Multi-Use Bioreactors
    • Glass Bioreactors
    • Stainless Steel Bioreactors
  • Single-Use Bioreactors

·         Global Bioreactors Market – By Geography

• North America
  • S.
  • Canada
  • Mexico
• Europe
  • K.
  • Germany
  • France
• Asia Pacific (APAC)
  • Japan
  • China
  • India
  • Thailand
  • Singapore
  • Malaysia
• Middle East & Africa (MEA)
  • South Africa
  • UAE
  • Saudi Arabia
  • Egypt
• South & Central America (SCAM)
  • Brazil
  • Argentina

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Bioreactors Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Cell (Mammalian Cells, Bacterial Cells, Yeast Cells, Others); Molecule (Monoclonal Antibodies, Vaccines, Recombinant Proteins, Stem Cells, Gene Therapy, Others); Technology (Wave-Induced Motion SUB, Stirred SUB, Single-Use Bubble Column, Others); End User (Research and development organizations, Biopharma Manufacturers, Contract Manufacturing Organizations (CMOs)), and Geography

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi

E-mail: sales@theinsightpartners.com

Phone: +1-646-491-9876