Isobutyric Acid Market worth $269 million by 2028
The report "Isobutyric Acid Market by Type (Synthetic, Renewable), End-Use (Animal Feed, Chemical Intermediates, Food & Flavors, Pharmaceuticals), and Region (Asia Pacific, Europe, North America, Rest of the World) - Global Forecast to 2028", is projected to grow from USD 180 million in 2023 to USD 269 million by 2028, at a CAGR of 8.3% from 2023 to 2028. The growing demand for usage of isobutyric acid as a feed additive, flavoring agent, chemical intermediate, or raw material in the synthesis of pharma products has increased the consumption of isobutyric acid. Isobutyric acid esters are utilized as solvents in a variety of applications where flavor and aroma quality is crucial.
Browse 197 market data Tables and 47 Figures spread through 184 Pages and in-depth TOC on "Isobutyric Acid Market by Type (Synthetic, Renewable), End-Use (Animal Feed, Chemical Intermediates, Food & Flavors, Pharmaceuticals), and Region (Asia Pacific, Europe, North America, Rest of the World) - Global Forecast to 2028"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/isobutyric-acid-market-262525625.html
By type, the synthetic isobutyric acid segment accounted for the larger market share in 2022, by volume.
The synthetic isobutyric acid segment, by type, accounted for the larger market share in 2022. Synthetic isobutyric acid is manufactured through chemical synthesis of isobutyraldehyde, a byproduct of the hydroformylation of propylene. Synthetic production methods result in cost-effective production of isobutyric acid as compared to its derivation from renewable sources. Thus, the cost-effective factor of synthetic isobutyric acid will propel demand.
By end-use, the animal feed segment accounted for the largest market share in 2022, by volume.
The animal feed segment, by end-use, accounted for the largest share of isobutyric acid market owing to its contribution in feed efficiency and growth performance. The factors which influence the use of isobutyric acid in animal feed include diet composition, specific animal species, and regional regulations. There is a strong focus on R&D to highlight the potential benefits of isobutyric acid in animal feed, which further strengthens the growth of this segment.
Europe was the second largest region in the isobutyric acid market in 2022, by volume.
The growing processed food and pharmaceutical sectors in European countries are expected to propel the demand for isobutyric acid. The feed industry in Europe is one of the largest across the globe, which increases the growth opportunities for isobutyric acid market. Germany is one of the largest markets for isobutyric acid in Europe. The growing food industry and the presence of strong pharmaceutical sector in the country contributes to the growth of isobutyric acid market, which further fuels the European market.
The major players operating in the isobutyric acid market include OQ Chemicals GmbH (Germany), Eastman Chemical Company (US), Tokyo Chemical Industry Co., Ltd. (Japan), Snowco (China), Shanghai Aladdin Biochemical Technology Co., Ltd. (China), Afyren (France), Lygos, Inc. (US), Dow Inc. (US), Jiangsu Dynamic Chemical Co., Ltd. (China), Weifang Qiyi Chemical Co., Ltd. (China), Yufeng International Group Co., Ltd. (China), Nanjing Chemical Material Corp. (China), FUJIFILM Wako Pure Chemical Corporation (Japan), Hubei Jusheng Technology Co., Ltd. (China), and others.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Isobutyric Acid Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
