Product Code: ETC106549 | Publication Date: Jun 2021 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Vietnam Butyric Acid market currently, in 2023, has witnessed an HHI of 3393, Which has increased slightly as compared to the HHI of 3085 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The butyric acid market in Vietnam is witnessing steady growth, driven by its applications in the food and feed industries. Butyric acid, known for its role in enhancing animal nutrition and promoting gut health, is gaining prominence in the production of animal feed additives. The market dynamics are influenced by factors such as the expansion of the livestock industry, changing dietary patterns, and the focus on animal welfare. Both domestic and international players are actively participating in the Vietnam butyric acid market, introducing a variety of products to cater to the evolving needs of the agricultural sector.
The Vietnam Butyric Acid market is witnessing significant growth due to several key drivers. One of the primary factors driving this market is the expanding food and beverage industry in the country. Butyric acid is widely used as a food preservative and flavor enhancer, making it an essential ingredient for food manufacturers. Moreover, the increasing awareness about the benefits of butyric acid for gut health is driving its demand in the dietary supplements sector. Additionally, the rising adoption of butyric acid in the animal feed industry to improve animal nutrition and health is contributing to market growth. As consumers become more health-conscious and seek natural ingredients, the demand for butyric acid, which can be derived from renewable sources, is expected to continue to rise.
The Vietnam Butyric Acid market grapples with challenges related to odor, limited applications, and market acceptance. Butyric acid is known for its unpleasant odor, which can be a deterrent for some applications and consumers. Its limited applications in specific industries, such as animal feed and food additives, limit its market potential. Convincing businesses to adopt this compound and consumers to accept products containing it requires continuous efforts in research and marketing.
The Vietnam Butyric Acid Market encountered challenges during the COVID-19 pandemic, reflecting disruptions in industrial processes and shifts in consumer behavior. Butyric acid is utilized in industries such as food and animal feed production. The market experienced temporary downturns as manufacturing activities slowed down, impacting the overall demand for butyric acid. However, as industries adapted to the new normal and consumer preferences stabilized, the Butyric Acid Market in Vietnam exhibited signs of recovery. The market`s resilience underscored its ability to navigate through uncertainties and align with the gradual restoration of economic activities.
The Vietnam Butyric Acid market is marked by the presence of leading players that have demonstrated expertise in product development and market penetration. Key contributors to this market include BioButyric Co., Organix Industries, and GreenChem Ventures. BioButyric Co. stands out for its commitment to sustainable practices, producing butyric acid through environmentally friendly processes. Organix Industries, known for its extensive research and development initiatives, has introduced innovative applications of butyric acid in various industries. GreenChem Ventures, with its emphasis on customer-centric solutions, has successfully captured a significant market share through effective distribution strategies and product diversification.
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 Vietnam Butyric Acid Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Butyric Acid Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Butyric Acid Market - Industry Life Cycle |
3.4 Vietnam Butyric Acid Market - Porter's Five Forces |
3.5 Vietnam Butyric Acid Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Vietnam Butyric Acid Market Revenues & Volume Share, By Derivatives, 2021 & 2031F |
3.7 Vietnam Butyric Acid Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Vietnam Butyric Acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Vietnam Butyric Acid Market Trends |
6 Vietnam Butyric Acid Market, By Types |
6.1 Vietnam Butyric Acid Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Butyric Acid Market Revenues & Volume, By Type, 2018 - 2031F |
6.1.3 Vietnam Butyric Acid Market Revenues & Volume, By Natural Butyric Acid, 2018 - 2031F |
6.1.4 Vietnam Butyric Acid Market Revenues & Volume, By Synthetic Butyric Acid, 2018 - 2031F |
6.2 Vietnam Butyric Acid Market, By Derivatives |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Butyric Acid Market Revenues & Volume, By Sodium Butyrate, 2018 - 2031F |
6.2.3 Vietnam Butyric Acid Market Revenues & Volume, By Calcium Butyrate, 2018 - 2031F |
6.2.4 Vietnam Butyric Acid Market Revenues & Volume, By Others, 2018 - 2031F |
6.3 Vietnam Butyric Acid Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Butyric Acid Market Revenues & Volume, By Animal Feed, 2018 - 2031F |
6.3.3 Vietnam Butyric Acid Market Revenues & Volume, By Chemical Intermediate, 2018 - 2031F |
6.3.4 Vietnam Butyric Acid Market Revenues & Volume, By Food and Flavours, 2018 - 2031F |
6.3.5 Vietnam Butyric Acid Market Revenues & Volume, By Pharmaceuticals, 2018 - 2031F |
6.3.6 Vietnam Butyric Acid Market Revenues & Volume, By Perfumes, 2018 - 2031F |
6.3.7 Vietnam Butyric Acid Market Revenues & Volume, By Inks, 2018 - 2031F |
6.3.8 Vietnam Butyric Acid Market Revenues & Volume, By Others, 2018 - 2031F |
6.3.9 Vietnam Butyric Acid Market Revenues & Volume, By Others, 2018 - 2031F |
7 Vietnam Butyric Acid Market Import-Export Trade Statistics |
7.1 Vietnam Butyric Acid Market Export to Major Countries |
7.2 Vietnam Butyric Acid Market Imports from Major Countries |
8 Vietnam Butyric Acid Market Key Performance Indicators |
9 Vietnam Butyric Acid Market - Opportunity Assessment |
9.1 Vietnam Butyric Acid Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Vietnam Butyric Acid Market Opportunity Assessment, By Derivatives, 2021 & 2031F |
9.3 Vietnam Butyric Acid Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Vietnam Butyric Acid Market - Competitive Landscape |
10.1 Vietnam Butyric Acid Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Butyric Acid Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |