Product Code: ETC106575 | Publication Date: Jun 2021 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Ghana Butyric Acid market currently, in 2023, has witnessed an HHI of 5857, Which has decreased slightly as compared to the HHI of 6488 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 Ghana Butyric Acid Market is experiencing growth driven by factors such as food and beverage industry demand, animal feed additives, and industrial applications. Butyric acid, a short-chain fatty acid, serves as a flavoring agent, preservative, and nutritional supplement in food products, as well as a feed additive for livestock and poultry, contributing to its diverse applications and demand in Ghana agricultural and industrial sectors.
The butyric acid market in Ghana is driven by its applications as a flavoring agent, preservative, and chemical intermediate in food, feed, and pharmaceutical industries. Butyric acid offers properties such as a strong odor, antimicrobial activity, and solubility, making it useful in products such as butter flavorings, animal feed additives, and pharmaceutical formulations.
The Ghana butyric acid market encounters challenges such as raw material availability, production efficiency, and market demand variability. Butyric acid, a short-chain fatty acid used in various applications, including food additives, animal feed supplements, and chemical synthesis, is primarily produced through microbial fermentation of biomass or chemical synthesis from petrochemical feedstocks. However, securing a sustainable supply of butyric acid precursors, such as sugar, starch, or fatty acids, for fermentation-based production methods may be challenging due to competition with other industries and agricultural constraints. Moreover, optimizing fermentation processes, including strain selection, fermentation conditions, and downstream processing, to improve yield and productivity can be complex and require continuous research and development efforts. Additionally, addressing fluctuations in market demand for butyric acid products, driven by changes in consumer preferences, regulatory requirements, and economic conditions, may influence production planning and investment decisions. Addressing these challenges through sustainable sourcing, process innovation, and market diversification is essential to support the growth of the butyric acid market in Ghana and meet the diverse needs of end-users in food, agriculture, and chemical industries.
Government policies in the butyric acid market may focus on promoting industrial development, environmental sustainability, and public health. Initiatives might include regulations and standards for butyric acid production, handling, and disposal to prevent environmental contamination and protect human health. Additionally, the government may support research and development initiatives to explore sustainable production methods for butyric acid from renewable feedstocks such as agricultural residues or bio-waste. Capacity-building programs for chemical engineers and workers on chemical safety, pollution prevention, and waste management may also be promoted to enhance industry practices and standards.
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 Ghana Butyric Acid Market Overview |
3.1 Ghana Country Macro Economic Indicators |
3.2 Ghana Butyric Acid Market Revenues & Volume, 2020 & 2030F |
3.3 Ghana Butyric Acid Market - Industry Life Cycle |
3.4 Ghana Butyric Acid Market - Porter's Five Forces |
3.5 Ghana Butyric Acid Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.6 Ghana Butyric Acid Market Revenues & Volume Share, By Derivatives, 2020 & 2030F |
3.7 Ghana Butyric Acid Market Revenues & Volume Share, By Form, 2020 & 2030F |
4 Ghana Butyric Acid Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Ghana Butyric Acid Market Trends |
6 Ghana Butyric Acid Market, By Types |
6.1 Ghana Butyric Acid Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Ghana Butyric Acid Market Revenues & Volume, By Type, 2018 - 2027F |
6.1.3 Ghana Butyric Acid Market Revenues & Volume, By Natural Butyric Acid, 2018 - 2027F |
6.1.4 Ghana Butyric Acid Market Revenues & Volume, By Synthetic Butyric Acid, 2018 - 2027F |
6.2 Ghana Butyric Acid Market, By Derivatives |
6.2.1 Overview and Analysis |
6.2.2 Ghana Butyric Acid Market Revenues & Volume, By Sodium Butyrate, 2018 - 2027F |
6.2.3 Ghana Butyric Acid Market Revenues & Volume, By Calcium Butyrate, 2018 - 2027F |
6.2.4 Ghana Butyric Acid Market Revenues & Volume, By Others, 2018 - 2027F |
6.3 Ghana Butyric Acid Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Ghana Butyric Acid Market Revenues & Volume, By Animal Feed, 2018 - 2027F |
6.3.3 Ghana Butyric Acid Market Revenues & Volume, By Chemical Intermediate, 2018 - 2027F |
6.3.4 Ghana Butyric Acid Market Revenues & Volume, By Food and Flavours, 2018 - 2027F |
6.3.5 Ghana Butyric Acid Market Revenues & Volume, By Pharmaceuticals, 2018 - 2027F |
6.3.6 Ghana Butyric Acid Market Revenues & Volume, By Perfumes, 2018 - 2027F |
6.3.7 Ghana Butyric Acid Market Revenues & Volume, By Inks, 2018 - 2027F |
6.3.8 Ghana Butyric Acid Market Revenues & Volume, By Others, 2018 - 2027F |
6.3.9 Ghana Butyric Acid Market Revenues & Volume, By Others, 2018 - 2027F |
7 Ghana Butyric Acid Market Import-Export Trade Statistics |
7.1 Ghana Butyric Acid Market Export to Major Countries |
7.2 Ghana Butyric Acid Market Imports from Major Countries |
8 Ghana Butyric Acid Market Key Performance Indicators |
9 Ghana Butyric Acid Market - Opportunity Assessment |
9.1 Ghana Butyric Acid Market Opportunity Assessment, By Type, 2020 & 2030F |
9.2 Ghana Butyric Acid Market Opportunity Assessment, By Derivatives, 2020 & 2030F |
9.3 Ghana Butyric Acid Market Opportunity Assessment, By Application, 2020 & 2030F |
10 Ghana Butyric Acid Market - Competitive Landscape |
10.1 Ghana Butyric Acid Market Revenue Share, By Companies, 2020 |
10.2 Ghana Butyric Acid Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |