Product Code: ETC106550 | Publication Date: Jun 2021 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Sri Lanka Butyric Acid Market is projected to witness mixed growth rate patterns during 2025 to 2029. Starting at 12.44% in 2025, the market peaks at 13.82% in 2026, and settles at 2.54% by 2029.
The Butyric Acid market in Sri Lanka is projected to grow at a high growth rate of 13.31% by 2027, within the Asia region led by China, along with other countries like India, Japan, Australia and South Korea, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.
The butyric acid market in Sri Lanka is primarily driven by its applications in the food, pharmaceutical, and animal feed industries. Butyric acid is valued for its properties that aid in digestion and its role as a flavoring agent. The growing livestock sector and the increasing demand for animal nutrition products are key factors fueling the butyric acid market. Additionally, its use in the production of biofuels and bioplastics presents new growth opportunities. The trend towards sustainable and bio-based chemicals is also likely to positively impact the butyric acid market.
The butyric acid market in Sri Lanka is driven by its use in the food, pharmaceutical, and animal feed industries. Butyric acid`s role as a flavoring agent and preservative in the food industry is a significant driver. In the pharmaceutical sector, its application in the production of drugs and supplements supports market growth. The increasing demand for animal feed additives to enhance gut health and overall productivity in livestock farming also contributes to the market. Additionally, the rising awareness of the health benefits of butyric acid and its derivatives in dietary supplements influences market trends. The ongoing research and development activities aimed at exploring new applications further propel market growth.
The butyric acid market in Sri Lanka is hindered by limited awareness and demand. Butyric acid is used in niche applications such as animal feed and food flavoring, and its market size is relatively small. The high cost of production and import dependency further challenge the market. Additionally, there are concerns regarding the odor and handling of butyric acid, which require careful management and add to operational costs.
The butyric acid market in Sri Lanka is regulated to ensure quality and safety standards in its production and use. Government policies promote agricultural and industrial research to improve production processes and product applications. Additionally, there are initiatives to support the export of butyric acid by ensuring compliance with international standards and enhancing the competitiveness of local producers.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Sri Lanka Butyric Acid Market Overview |
3.1 Sri Lanka Country Macro Economic Indicators |
3.2 Sri Lanka Butyric Acid Market Revenues & Volume, 2021 & 2031F |
3.3 Sri Lanka Butyric Acid Market - Industry Life Cycle |
3.4 Sri Lanka Butyric Acid Market - Porter's Five Forces |
3.5 Sri Lanka Butyric Acid Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Sri Lanka Butyric Acid Market Revenues & Volume Share, By Derivatives, 2021 & 2031F |
3.7 Sri Lanka Butyric Acid Market Revenues & Volume Share, By Form, 2021 & 2031F |
4 Sri Lanka Butyric Acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Sri Lanka Butyric Acid Market Trends |
6 Sri Lanka Butyric Acid Market, By Types |
6.1 Sri Lanka Butyric Acid Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Sri Lanka Butyric Acid Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Sri Lanka Butyric Acid Market Revenues & Volume, By Natural Butyric Acid, 2021-2031F |
6.1.4 Sri Lanka Butyric Acid Market Revenues & Volume, By Synthetic Butyric Acid, 2021-2031F |
6.2 Sri Lanka Butyric Acid Market, By Derivatives |
6.2.1 Overview and Analysis |
6.2.2 Sri Lanka Butyric Acid Market Revenues & Volume, By Sodium Butyrate, 2021-2031F |
6.2.3 Sri Lanka Butyric Acid Market Revenues & Volume, By Calcium Butyrate, 2021-2031F |
6.2.4 Sri Lanka Butyric Acid Market Revenues & Volume, By Others, 2021-2031F |
6.3 Sri Lanka Butyric Acid Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Sri Lanka Butyric Acid Market Revenues & Volume, By Animal Feed, 2021-2031F |
6.3.3 Sri Lanka Butyric Acid Market Revenues & Volume, By Chemical Intermediate, 2021-2031F |
6.3.4 Sri Lanka Butyric Acid Market Revenues & Volume, By Food and Flavours, 2021-2031F |
6.3.5 Sri Lanka Butyric Acid Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.3.6 Sri Lanka Butyric Acid Market Revenues & Volume, By Perfumes, 2021-2031F |
6.3.7 Sri Lanka Butyric Acid Market Revenues & Volume, By Inks, 2021-2031F |
6.3.8 Sri Lanka Butyric Acid Market Revenues & Volume, By Others, 2021-2031F |
6.3.9 Sri Lanka Butyric Acid Market Revenues & Volume, By Others, 2021-2031F |
7 Sri Lanka Butyric Acid Market Import-Export Trade Statistics |
7.1 Sri Lanka Butyric Acid Market Export to Major Countries |
7.2 Sri Lanka Butyric Acid Market Imports from Major Countries |
8 Sri Lanka Butyric Acid Market Key Performance Indicators |
9 Sri Lanka Butyric Acid Market - Opportunity Assessment |
9.1 Sri Lanka Butyric Acid Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Sri Lanka Butyric Acid Market Opportunity Assessment, By Derivatives, 2021 & 2031F |
9.3 Sri Lanka Butyric Acid Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Sri Lanka Butyric Acid Market - Competitive Landscape |
10.1 Sri Lanka Butyric Acid Market Revenue Share, By Companies, 2024 |
10.2 Sri Lanka Butyric Acid Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |