Market Research

In terms of revenue in 2014, the global market for  butyric acid Market  was calculated to be USD 120.0 million and is projected to reach USD 329.9 million by 2022, growing at a CAGR of 14.0% from 2015 to 2022. Browse Full Report At  http://www.credenceresearch.com/report/butyric-acid-market The major factors driving the market growth of butyric acid are rising demand from various end user industries, ban on consumption of antibiotics in animal feed in some countries. However, unpleasant smell of butyric acid is the major factor inhibiting the market growth. Rising demand of renewable butyric acid from food and flavors industries can provide huge market potential over the coming years. By application, rising demand from animal feed segment is influencing the overall market growth. In 2014, it accounted 40% share of the total market and projected to maintain its dominance during the forecast period. It is also one of the fastest growing market. The second biggest a...