Butyric Acid Market Trends, Analysis & Industry Share | 2022-27

 

Market Overview:

During the forecast period, the butyric acid market is anticipated to grow at a CAGR of more than 5%. (2021–2026).

COVID-19 had a negative effect on the market in 2020. A number of nations went into lockdown due to the pandemic scenario, which caused supply chains to become disrupted, there to be work stoppages, and there to be a labour shortage. The COVID-19 pandemic had a severe adverse impact on the pharmaceutical sector. Due to the lack of medicines, it had led to problems like changes in the patterns of medicine consumption, which had slowed the industry’s expansion. During the early stages of the outbreak, COVID-19 has caused a shortage of medications in many regions of the world. The lockdown also slowed down the operations of several applications of the market studied, which has resulted in reduced demand for butyric acid, in comparison to the pre-COVID-19 period. This has affected the butyric acid market.

Scope of the Report:

Rancid butter and arnica oil both contain butyric acid, an organic acid that is colourless, syrupy, and liquid. The butyric acid market is divided into geographical, source, and application segments. The market is divided into synthetic butyric acid and renewable butyric acid according to source. The market is divided into categories based on application, including food and flavourings, animal feed, pharmaceuticals, perfumes, chemical intermediates, and other applications. The market size and forecasts for butyric acid in 15 countries across major regions are also covered in the report. The market sizing and forecasting for each segment have been done based on revenue (USD million).

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