Saudi Arabia Butyric Acid Market Size Booming at Robust CAGR of 13.4% During the Forecast Period
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Saudi Arabia butyric acid market size at USD 11.29 million in 2022. During the forecast period between 2023 and 2029, Saudi Arabia butyric acid market size is projected to grow at an impressive CAGR of 13.38% reaching a value of USD 27.27 million by 2029.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Saudi Arabia butyric acid market size at USD 11.29 million in 2022. During the forecast period between 2023 and 2029, Saudi Arabia butyric acid market size is projected to grow at an impressive CAGR of 13.38% reaching a value of USD 27.27 million by 2029. An increasing demand for butyric acid from the food and pharmaceutical industries is a major growth driver for Saudi Arabia butyric acid market. The growing demand for meat is boosting the growth of the animal husbandry industry on a regional scale, which is fueling the need for animal feed and driving the rise of the butyric acid market.
Saudi Arabia Butyric Acid Market – Overview
Butyric acid, along with acetic acid and propionic acid, is one of the three most prevalent short-chain fatty acids (SCFAs) in the stomach. Around 90–95% of the SCFAs in the gut, which are created when gut-friendly bacteria break down dietary fiber, are made up of these saturated fatty acids. Butyric acid is used to give buttery overtones to food tastes, and its esters are frequently used as food additives to boost fruit aroma. Butyric acid naturally exists in very small and inconsequential levels for gut health in butter, hard cheeses (like parmesan), milk (particularly goat's and sheep's), yogurts, cream, and some other fermented foods (including sauerkraut, pickled cucumbers, and fermented soy products).
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Impact of COVID-19 on Saudi Arabia Butyric Acid Market
The expansion of the butyric acid market in Saudi Arabia was negatively impacted by the unprecedented COVID-19 outbreak. The pandemic scenario's lockdown in several countries resulted in supply chain issues, employment reductions, and labor shortages. The pharmaceutical industry was severely harmed by the COVID-19 pandemic. Owing to issues with the unavailability of medications, such as shifts in drug usage habits, the industry's growth was hindered. In the early phases of the outbreak, COVID-19 reduced the availability of treatments in the healthcare sector and hampered the production of pharmaceuticals. As a result, the total demand for butyric acid has significantly decreased as well.
Saudi Arabia Butyric Acid Market – By End Use
Based on end use, Saudi Arabia butyric acid market is segmented into chemical intermediates, animal feed, pharmaceuticals, perfumes, food & flavors, and others. The animal feed segment accounts for the highest share in the Saudi Arabia butyric acid market. Butyric acid is one of the most effective feed additives used in animal nutrition, as it enhances intestinal health and boosts nutrient absorption throughout the gastrointestinal tract. The expanding consumption of including dairy products, eggs, fish, poultry, and others is boosting the growth of the animal farming industry in the country, further boosting the demand for animal feed.
Competitive Landscape
Major players operating in Saudi Arabia butyric acid market include Beijing Huamaoyuan Fragrance Flavor Co., Ltd., Eastman Chemical Company, Merck KGaA, OQ Chemicals GmbH, Perstorp Holding AB, Saudi Kayan Petrochemical Company, and Reza Chemical Industries (RCI). To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
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