Product Code: ETC106548 | 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 Philippines Butyric Acid Market is projected to witness mixed growth rate patterns during 2025 to 2029. Starting at 9.08% in 2025, the market peaks at 12.22% in 2028, and settles at 10.19% by 2029.
In the Asia region, the Butyric Acid market in Philippines is projected to expand at a high growth rate of 12.18% by 2027. The largest economy is China, followed by India, Japan, Australia and South Korea.
The Philippines butyric acid market is estimated to register a CAGR of 4.10% during the forecast period. The increasing demand for value-added products and supplements in the animal feed industry, along with rising awareness about its benefits among consumers is expected to drive the growth of this market in the country. Moreover, rising disposable incomes and population are also positively impacting the sales of butyric acid in the country.
The Philippines butyric acid market is influenced by the food, pharmaceutical, and animal feed industries, which utilize this compound for its functional properties. Butyric acid is known for its role in flavor enhancement, animal gut health, and therapeutic applications. The growth in demand for functional ingredients, natural flavor enhancers, and supplements drives the market, aligning with consumer preferences for products that offer health benefits and improved sensory experiences.
The Philippines butyric acid market, used in various industries including food, pharmaceuticals, and agriculture, might face challenges related to odor and taste. Butyric acid has a strong, unpleasant odor, which can limit its application in products where sensory qualities are crucial. Overcoming this challenge might involve developing formulations that mask or minimize the odor while retaining the desired functional properties of butyric acid. Additionally, regulatory considerations and consumer preferences for natural ingredients could impact the market`s growth trajectory.
The Philippines butyric acid market experienced shifts due to the COVID-19 pandemic. Butyric acid is used in various applications, including food, pharmaceuticals, and animal feed. While essential sectors like food and agriculture maintained demand, disruptions in supply chains and shifts in consumer behavior influenced the market. The market faced challenges in sourcing raw materials and maintaining consistent production. However, as consumer preferences stabilize and economic activities improve, the butyric acid market is expected to recover. The market`s revival will be driven by the resumption of agriculture and food production sectors.
The Philippines butyric acid market, involving applications in food, pharmaceuticals, and more, include key players like Chemical Industries of the Philippines. This company produces a range of chemicals, including butyric acid. Another notable participant might be Rochem Technical Industries, contributing to the market by supplying various chemicals, shaping the availability of butyric acid for different industries.
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 Philippines Butyric Acid Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Butyric Acid Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Butyric Acid Market - Industry Life Cycle |
3.4 Philippines Butyric Acid Market - Porter's Five Forces |
3.5 Philippines Butyric Acid Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Philippines Butyric Acid Market Revenues & Volume Share, By Derivatives, 2021 & 2031F |
3.7 Philippines Butyric Acid Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Butyric Acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Butyric Acid Market Trends |
6 Philippines Butyric Acid Market, By Types |
6.1 Philippines Butyric Acid Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Butyric Acid Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Philippines Butyric Acid Market Revenues & Volume, By Natural Butyric Acid, 2021-2031F |
6.1.4 Philippines Butyric Acid Market Revenues & Volume, By Synthetic Butyric Acid, 2021-2031F |
6.2 Philippines Butyric Acid Market, By Derivatives |
6.2.1 Overview and Analysis |
6.2.2 Philippines Butyric Acid Market Revenues & Volume, By Sodium Butyrate, 2021-2031F |
6.2.3 Philippines Butyric Acid Market Revenues & Volume, By Calcium Butyrate, 2021-2031F |
6.2.4 Philippines Butyric Acid Market Revenues & Volume, By Others, 2021-2031F |
6.3 Philippines Butyric Acid Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Philippines Butyric Acid Market Revenues & Volume, By Animal Feed, 2021-2031F |
6.3.3 Philippines Butyric Acid Market Revenues & Volume, By Chemical Intermediate, 2021-2031F |
6.3.4 Philippines Butyric Acid Market Revenues & Volume, By Food and Flavours, 2021-2031F |
6.3.5 Philippines Butyric Acid Market Revenues & Volume, By Pharmaceuticals, 2021-2031F |
6.3.6 Philippines Butyric Acid Market Revenues & Volume, By Perfumes, 2021-2031F |
6.3.7 Philippines Butyric Acid Market Revenues & Volume, By Inks, 2021-2031F |
6.3.8 Philippines Butyric Acid Market Revenues & Volume, By Others, 2021-2031F |
6.3.9 Philippines Butyric Acid Market Revenues & Volume, By Others, 2021-2031F |
7 Philippines Butyric Acid Market Import-Export Trade Statistics |
7.1 Philippines Butyric Acid Market Export to Major Countries |
7.2 Philippines Butyric Acid Market Imports from Major Countries |
8 Philippines Butyric Acid Market Key Performance Indicators |
9 Philippines Butyric Acid Market - Opportunity Assessment |
9.1 Philippines Butyric Acid Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Philippines Butyric Acid Market Opportunity Assessment, By Derivatives, 2021 & 2031F |
9.3 Philippines Butyric Acid Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Butyric Acid Market - Competitive Landscape |
10.1 Philippines Butyric Acid Market Revenue Share, By Companies, 2024 |
10.2 Philippines Butyric Acid Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |