Isobutyric Acid Market Size, Share, Growth Analysis, By Type(Synthetic and renewable), By Application(Animal feed, chemical intermediate, food and flavours, pharmaceuticals), By Region - Industry Forecast 2024-2031

Isobutyric Acid Market size was valued at USD 0.13 billion in 2021 and is poised to grow from USD 0.14 billion in 2022 to USD 0.28 billion by 2030, at a CAGR of 8.9% during the forecast period (2023-2030).

The increasing demand for isobutyric acid can be attributed to its versatile applications across multiple industries. In the pharmaceutical sector, it is used as an intermediate in the synthesis of active pharmaceutical ingredients (APIs) and as a solvent for drug formulations. The food and beverage industry utilizes isobutyric acid as a flavoring agent in products such as candies, bakery goods, and beverages. Additionally, it finds application in animal nutrition as a feed additive, improving the palatability and nutritional value of animal feed. The growing awareness regarding the benefits of isobutyric acid in different sectors, coupled with advancements in manufacturing processes, has contributed to the expansion of the global market. Geographically, Asia Pacific has emerged as a prominent market for isobutyric acid due to the presence of a large number of chemical manufacturing facilities in countries like China and India. The market is expected to continue its upward trajectory in the coming years, driven by factors such as increasing industrialization, expanding applications, and technological advancements in production methods. However, challenges such as fluctuating raw material prices and environmental regulations may hinder the market growth to some extent. Overall, the global market presents promising opportunities for manufacturers, suppliers, and investors alike.

US Isobutyric Acid Market is poised to grow at a sustainable CAGR for the next forecast year.