Butyric Acid Derivatives Market Segmentation:
Animal Feed Segment Analysis
The swine segment will hold the largest butyric acid derivatives market share of 53% by 2035. In recent years, pork and poultry consumption has greatly impacted the demand for pig feed and pig breeding. Worldwide shipments of butyric acid derivatives for swine feed are expected to augment the segment's growth during the forecast period. For instance, the consumption of pork in China is expected to rise at a rate of around 6.5 kg per capita by 2024 and to increase at a rate more than three times higher than that of poultry, 2.6 kg per capita. Moreover, there has been a rising number of meat eaters around the world owing to the rising preference of people for tasty food. Eating veggies every day makes people bored so meat or poultry is the best way to treat themselves. Also, it is reported that many people eat in restaurants, and street trucks, or place online orders for non-vegetarian food. All the diet charts of nonvegetarian eaters are filled with chicken, turkey, bacon, eggs, or lamb sticks. Therefore, all these factors are anticipated to increase the demand for the segment's growth in the market.
Product Segment Analysis
The sodium butyrate segment is expected to garner a significant share, owing to the increasing demand for odorless or less smelly meat. Moreover, the pungent smell of meat is disliked by most people, even though they love to eat meat. The rising preference for pig meat is further estimated to fuel the growth of the market during the forecast period. In addition, pork is very popular in many countries, as it is cheaper than poultry, lamb, and beef. Also, the increasing demand for protein foods among people across the world is further predicted to contribute to the segment's growth. About more than 85% of people consume meat in their diet across the world as of 2021 survey estimations.
Our in-depth analysis of the global market includes the following segments:
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By Animal Feed |
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By Product |
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