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.
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• 197 Market data Tables
• 47 Figures
• 184 Pages and in-depth TOC on “Isobutyric Acid Market – Global Forecast to 2028″
Some of the prominent key players are:
Afyren (France), and many more….
OQ Chemicals GmbH (Germany),
Eastman Chemical Company (US),
Tokyo Chemical Industry Co., Ltd. (Japan),
Snowco (China),
Shanghai Aladdin Biochemical Technology Co., Ltd. (China),
Driver: Use of isobutyric acid in food & flavor industry
Isobutyric acid is an intermediate which is utilized as a solvent in processes that produce pleasant aromas and flavors. According to EFFA, the flavoring industry, a relatively dynamic sector of the economy, spends about 10% of its annual revenue on research and development (R&D). At present, manufacturers aim at creating inventive organic flavors as a result of technological advancements addressing shifting consumer tastes and needs. Thus, the use of isobutyric acid in the growing food & flavor industry is a major driver for the Isobutyric Acid Industry.
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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.