Butyric Acid Market - Forecast(2022 - 2027)
Butyric acid market size is forecast to reach US$436.2 million by 2026, after growing at a CAGR of 12.1% during 2021-2026. Butyric acid is a carboxylic acid, also known as butanoic acid. The product has an acrid taste and is usually found in the milk of farm animals such as goats, cows, buffalo, and sheep. The rising demand for specialty chemicals in various end-use industries such as pharmaceutical, animal feed, and food & beverage, and personal care industries are driving the market growth during the forecast period. Starch is a tasteless powder that is easily insoluble in cold water, alcohol, or other solvents. The high prevalence of health-related issues such as diabetes, anxiety, obesity, and others are also supporting the market growth for butyric acid. The growing poultry industry along with the growing consumption of chicken globally is propelling the market demand. The growing demand for alternative and biofuels in the automotive and aerospace industries is one of the maj...