The butyric acid market is experiencing significant growth owing to its versatile applications across various industries. Butyric acid, a carboxylic acid with a distinctive unpleasant odor, is primarily derived from renewable sources such as sugar beet, sugarcane, and starch fermentation. One of the key drivers propelling the market is the increasing demand for butyric acid in the food and beverage industry. It is commonly used as a flavoring agent and preservative in food products such as dairy, meat, and bakery items. Additionally, the rising awareness among consumers regarding the health benefits associated with butyric acid, including its role in improving gut health and supporting digestion, is fostering its demand in the dietary supplements segment.

The global butyric acid market size reached US$ 234.6 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 687.6 Million, at a projected CAGR of 12.30% during 2023-2032.

In the North American market, the pricing trend of butyric acid has demonstrated a notable level of stability, with slight fluctuations mainly driven by changes in the costs of feedstock Propylene. Demand from downstream chemical intermediate sectors and mast-moving consumer goods (FMCG) industries has maintained a steady pace consistently. The minor increases in prices witnessed can be linked to increased festive demand, particularly notable in the Canadian and Mexican markets, during December 2023. Moreover, in the Asia-Pacific region, butyric acid has encountered a predominantly bullish market environment, marked by a roughly 5% price uptick in the fourth quarter of 2023. This upward trajectory can be largely ascribed to the escalating costs of feedstock propylene, which surged by approximately 2%, subsequently impacting production expenses. Additionally, the significant demand for exports from Southeast Asian markets has contributed to the price surge. Buoyed by favorable purchasing sentiments, heightened by the peak festive season, demand from the fast-moving consumer goods (FMCG) sector continued to put pressure on existing product inventories.

During the final quarter of 2023, the European butyric acid market showcased a steady bullish trend, witnessing a modest overall price rise of 2%. This increase in prices can predominantly be linked to a significant surge in feedstock propylene prices, which rose by over 13%, consequently elevating production expenses. Another factor contributing to this trend was the heightened food inflation observed throughout the Eurozone, where food prices surged by more than 7% at the beginning of the fourth quarter compared to the previous year.

Browse Full Report: https://www.imarcgroup.com/butyric-acid-pricing-report

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