Butyric Acid Market - Global Industry Size, Share, Growth, Analysis, Strategies and Forecasts 2015 to 2022 – Credence Research
Global Butyric Acid Market Is Projected To Reach USD 329.9 Million By 2022 In terms of revenue in 2014, the global market for butyric acid 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 with Toc : http://www.credenceresearch.com/report/butyric-acid-market The major factors driving the market growth of butyric acid are raising 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 fore...