The global calcium butyrate market is on a trajectory of robust growth, with a projected Compound Annual Growth Rate (CAGR) of 9.5% during the forecast period. The market, which was valued at USD 150.5 million in 2021, is being driven by a range of factors, including increased demand from the poultry and dairy industries, as well as its multifunctional applications in animal health and pharmaceuticals.
Rising Poultry & Dairy Product Production Fueling Demand
The poultry and dairy industries are leading the charge in driving the demand for calcium butyrate. Dairy and poultry products are expected to witness the highest growth rates in this market. Calcium butyrate is employed as a dietary supplement for hens, enhancing egg production and hormonal development control. It plays a pivotal role in maintaining the physiological calcium balance in cows feed, contributing to animal health and performance. Furthermore, it aids in controlling the growth of harmful pathogens like salmonella and coliform bacteria while promoting the development of probiotic bacteria.
COVID-19 Impact on the Calcium Butyrate Market
The COVID-19 pandemic has undeniably left its mark on global industries, including calcium butyrate. Supply chain disruptions, lockdowns, and travel restrictions have impacted manufacturing, delivery schedules, and international sales. Some companies have reported potential delays in product deliveries and a decline in future sales. International travel restrictions have also affected economic alliances and relationships.
Diverse Applications Drive Market Growth
Calcium butyrates versatility is a key driver of market growth. Apart from its role in animal feed, it has applications in reducing intestinal and blood vessel inflammation and has shown promise in non-carcinogenic cell destruction in the colon and gut. Its multifunctional properties are expected to increase demand, especially in the animal health sector.
Segment Dominance and Regional Landscape
- Flavoured Product Type Segment Dominates: Sodium butyrate is expected to have a significant market share, driven by the demand for less aromatic meat. The segments growth is further bolstered by increasing pig consumption.
- Animal Feed Segment Leads: The rise in global population and demand for animal-based products has increased the consumption of feed sucrose. This has a direct impact on the need for butyric acid derivatives, which are used to reduce the meat scent in animal products.
- Asia Pacific at the Forefront: In 2021, Asia Pacific is projected to experience the fastest growth in calcium butyrate demand. Countries like India and China, with their significant egg production, are expected to sustain this trend. Government initiatives promoting egg and dairy consumption are also contributing factors.
Competitive Landscape
Several key players in the calcium butyrate market are making strategic moves to strengthen their positions. In October 2021, Royal DSM acquired Erber Group, making Erbers animal nutrition products available to a broader clientele. Nutreco, another major player in animal nutrition, acquired Animal Nutrition and Health through Kaonne Investments in the same month. Companies such as Eastman Chemical Company, Celanese Corporation, and Thermo Fisher Scientific Inc. are also actively participating in the markets growth.
The calcium butyrate market is poised for significant expansion, driven by the rising demand for animal-based products, its multifunctional applications, and strategic industry partnerships.
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) https://www.fairfieldmarketresearch.com/report/calcium-butyrate-market
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COMTEX_442645512/2840/2023-10-30T06:12:52
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