NEW YORK, Oct. 18, 2022 (GLOBE NEWSWIRE) — Research Nester has published an in-depth market report on the “Global Butyric Acid Derivatives Market” for the forecast period, i.e. 2023-2033, which includes the following factors:
- Market growth over the forecast period
- Detailed regional summary
- market segmentation,
- growth accelerator
- challenges
- Key market players and their detailed profiling
Global Butyric Acid Derivatives Market Size:
The global butyric acid derivatives market is projected to reach around USD 1367.8 million by 2033, growing at ~6.7% CAGR during the forecast period. Additionally, the market generated revenue of approximately $669.9 million in 2022. The rise in meat and poultry consumption, aided by rising meat production around the world, is due to the expansion of the market. Meat production has reportedly increased over the past 30 years. By 2050, the world is expected to consume between 450 and 580 million tons of beef. Butyric acid derivatives support digestive health, nutritional balance and animal productivity, and help improve health. Additionally, demand for meat-based products is estimated to increase over the forecast period, aided by increasing awareness of the health benefits of animal protein. For example, beef production has more than tripled in the 50 years since global meat consumption tripled.
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Global Butyric Acid Derivatives Market: Key Takeaways
- The Asia-Pacific region acquires a significant portion of sales
- Pork segment to influence sales chart
- sodium butyrate Segment maintains a significant presence in the market
Growing incidence of various diseases in animals and increasing awareness of the benefits of healthy lifestyle fueling market growth
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